GPMCX vs. KGGIX

Last updated Apr 1, 2026

Compare and contrast key facts about Grandeur Peak Global Micro Cap Fund (GPMCX) and Kopernik Global All-Cap Fund (KGGIX).

GPMCX is managed by Grandeur Peak Funds. It was launched on Oct 19, 2015. KGGIX is managed by Kopernik. It was launched on Oct 31, 2013.

Performance

GPMCX vs. KGGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grandeur Peak Global Micro Cap Fund (GPMCX) and Kopernik Global All-Cap Fund (KGGIX). The values are adjusted to include any dividend payments, if applicable.

GPMCX vs. KGGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPMCX Grandeur Peak Global Micro Cap Fund	-11.91%	13.25%	3.22%	12.46%	-31.66%	17.27%	53.02%	23.79%	-17.74%	31.50%
KGGIX Kopernik Global All-Cap Fund	4.70%	64.88%	-4.91%	13.43%	-9.05%	16.86%	37.23%	10.00%	-11.07%	8.98%

Returns By Period

In the year-to-date period, GPMCX achieves a -11.91% return, which is significantly lower than KGGIX's 4.70% return. Over the past 10 years, GPMCX has underperformed KGGIX with an annualized return of 7.66%, while KGGIX has yielded a comparatively higher 14.53% annualized return.

GPMCX

• 1D: -0.87%
• 1M: -11.40%
• YTD: -11.91%
• 6M: -12.19%
• 1Y: 0.75%
• 3Y*: 4.64%
• 5Y*: -3.01%
• 10Y*: 7.66%

KGGIX

• 1D: -0.06%
• 1M: -9.42%
• YTD: 4.70%
• 6M: 13.13%
• 1Y: 50.78%
• 3Y*: 21.52%
• 5Y*: 12.90%
• 10Y*: 14.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GPMCX vs. KGGIX - Expense Ratio Comparison

GPMCX has a 1.85% expense ratio, which is higher than KGGIX's 1.01% expense ratio.

GPMCX

Grandeur Peak Global Micro Cap Fund

KGGIX

Kopernik Global All-Cap Fund

Return for Risk

GPMCX vs. KGGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPMCX

GPMCX Risk / Return Rank: 5
GPMCX Sharpe Ratio Rank: 5
GPMCX Sortino Ratio Rank: 5
GPMCX Omega Ratio Rank: 5
GPMCX Calmar Ratio Rank: 5
GPMCX Martin Ratio Rank: 5

KGGIX

KGGIX Risk / Return Rank: 97
KGGIX Sharpe Ratio Rank: 99
KGGIX Sortino Ratio Rank: 97
KGGIX Omega Ratio Rank: 96
KGGIX Calmar Ratio Rank: 98
KGGIX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPMCX vs. KGGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Micro Cap Fund (GPMCX) and Kopernik Global All-Cap Fund (KGGIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GPMCX	KGGIX	Difference
Sharpe ratio Return per unit of total volatility	-0.01	3.28	-3.29
Sortino ratio Return per unit of downside risk	0.08	3.90	-3.82
Omega ratio Gain probability vs. loss probability	1.01	1.58	-0.57
Calmar ratio Return relative to maximum drawdown	-0.08	4.66	-4.74
Martin ratio Return relative to average drawdown	-0.26	17.03	-17.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPMCX vs. KGGIX - Sharpe Ratio Comparison

The current GPMCX Sharpe Ratio is -0.01, which is lower than the KGGIX Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of GPMCX and KGGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GPMCX	KGGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	3.28	-3.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	0.86	-1.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.97	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.61	-0.09

Correlation

The correlation between GPMCX and KGGIX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GPMCX vs. KGGIX - Dividend Comparison

GPMCX's dividend yield for the trailing twelve months is around 3.78%, less than KGGIX's 15.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPMCX Grandeur Peak Global Micro Cap Fund	3.78%	3.33%	0.53%	0.00%	0.00%	15.76%	8.25%	0.69%	6.99%	7.34%	1.20%	0.00%
KGGIX Kopernik Global All-Cap Fund	15.72%	16.46%	1.04%	8.60%	13.59%	9.30%	4.81%	3.02%	0.25%	4.40%	3.34%	0.81%

Drawdowns

GPMCX vs. KGGIX - Drawdown Comparison

The maximum GPMCX drawdown since its inception was -44.27%, roughly equal to the maximum KGGIX drawdown of -45.11%. Use the drawdown chart below to compare losses from any high point for GPMCX and KGGIX.

Drawdown Indicators

	GPMCX	KGGIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.27%	-45.11%	+0.84%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-10.65%	-3.10%
Max Drawdown (5Y) Largest decline over 5 years	-44.27%	-26.43%	-17.84%
Max Drawdown (10Y) Largest decline over 10 years	-44.27%	-31.59%	-12.68%
Current Drawdown Current decline from peak	-26.28%	-9.42%	-16.86%
Average Drawdown Average peak-to-trough decline	-15.00%	-9.59%	-5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	2.91%	+1.33%

Volatility

GPMCX vs. KGGIX - Volatility Comparison

Grandeur Peak Global Micro Cap Fund (GPMCX) and Kopernik Global All-Cap Fund (KGGIX) have volatilities of 5.42% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPMCX	KGGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	5.62%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	12.33%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	14.86%	15.26%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	15.14%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	15.08%	-0.31%