KAT vs. GKAT

Last updated Jun 23, 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 0.87 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 -2.36% return, which is significantly lower than GKAT's 6.44% return.

KAT

• 1D: -0.78%
• 1M: -2.67%
• YTD: -2.36%
• 6M: -2.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GKAT

• 1D: -0.98%
• 1M: -1.05%
• YTD: 6.44%
• 6M: 7.32%
• 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	-2.36%	0.85%
GKAT Scharf Global Opportunity ETF	6.44%	5.93%

Correlation

The correlation between KAT and GKAT is 0.87, 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 25, 2025	0.87

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

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	-7.56%	-3.91%	-3.65%
Average Drawdown Average peak-to-trough decline	-3.33%	-2.10%	-1.23%

Volatility

Volatility by Period

	KAT	GKAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	12.48%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	12.48%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.62%	12.48%	-1.86%

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 has not paid dividends to shareholders, while GKAT's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025
GKAT Scharf Global Opportunity ETF	0.46%	0.24%
KAT Scharf ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both KAT and GKAT in my portfolio?

KAT and GKAT have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KAT or GKAT?

On fees, GKAT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KAT or GKAT?

GKAT is cheaper with a 0.59% expense ratio, compared with 0.75% for KAT.

Which ETF pays a higher dividend yield, KAT or GKAT?

GKAT has the higher dividend yield at 0.46%, compared with 0.00% for KAT.

What is the main difference between KAT and GKAT?

KAT is categorized as Large Cap Blend Equities, while GKAT is Global Equities. Their fees differ too: 0.75% for KAT and 0.59% for GKAT.