KAT vs. GKAT

Last updated Apr 16, 2026

KAT (Scharf ETF) and GKAT (Scharf Global Opportunity ETF) are both exchange-traded funds — KAT is a Large Cap Blend Equities fund actively managed by Scharf Investments, while GKAT is a Global Equities fund managed by Scharf Investments. Their correlation of 0.92 suggests significant overlap in exposure. KAT charges 0.75%/yr vs 0.59%/yr for GKAT.

Performance

KAT vs. GKAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Scharf ETF (KAT) and Scharf Global Opportunity ETF (GKAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KAT achieves a 1.88% return, which is significantly lower than GKAT's 4.38% return.

KAT

• 1D: 0.45%
• 1M: 1.52%
• YTD: 1.88%
• 6M: 0.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GKAT

• 1D: 0.02%
• 1M: 2.67%
• YTD: 4.38%
• 6M: 6.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KAT vs. GKAT - Yearly Performance Comparison

	2026 (YTD)	2025
KAT Scharf ETF	1.88%	1.02%
GKAT Scharf Global Opportunity ETF	4.38%	6.04%

Correlation

The correlation between KAT and GKAT is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025	0.92

Return for Risk

KAT vs. GKAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scharf ETF (KAT) and Scharf Global Opportunity ETF (GKAT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KAT	GKAT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.42	-1.00

Drawdowns

KAT vs. GKAT - Drawdown Comparison

The maximum KAT drawdown since its inception was -9.25%, smaller than the maximum GKAT drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for KAT and GKAT.

Drawdown Indicators

	KAT	GKAT	Difference
Max Drawdown Largest peak-to-trough decline	-9.25%	-10.41%	+1.16%
Current Drawdown Current decline from peak	-3.54%	-3.84%	+0.30%
Average Drawdown Average peak-to-trough decline	-2.84%	-2.10%	-0.74%

Volatility

Volatility by Period

	KAT	GKAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	12.27%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.09%	12.27%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.09%	12.27%	-1.18%

KAT vs. GKAT - Expense Ratio Comparison

KAT has a 0.75% expense ratio, which is higher than GKAT's 0.59% expense ratio.

Dividends

KAT vs. GKAT - Dividend Comparison

KAT's dividend yield for the trailing twelve months is around 0.39%, less than GKAT's 0.47% yield.

	TTM	2025
KAT Scharf ETF	0.39%	0.04%
GKAT Scharf Global Opportunity ETF	0.47%	0.24%