KEN vs. AIVI

Last updated Jun 9, 2026

KEN (Kenon Holdings Ltd.) is a stock, while AIVI (WisdomTree International Al Enhanced Value Fund) is Foreign Large Cap Equities fund actively managed by WisdomTree. Over the past 10 years, KEN returned 42.04%/yr vs 8.74%/yr for AIVI. At a 0.27 correlation, their price movements are largely independent.

Performance

KEN vs. AIVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kenon Holdings Ltd. (KEN) and WisdomTree International Al Enhanced Value Fund (AIVI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KEN achieves a 20.71% return, which is significantly higher than AIVI's 8.15% return. Over the past 10 years, KEN has outperformed AIVI with an annualized return of 42.04%, while AIVI has yielded a comparatively lower 8.74% annualized return.

KEN

• 1D: 1.93%
• 1M: -13.88%
• YTD: 20.71%
• 6M: 30.64%
• 1Y: 116.81%
• 3Y*: 61.79%
• 5Y*: 34.36%
• 10Y*: 42.04%

AIVI

• 1D: 0.24%
• 1M: -1.93%
• YTD: 8.15%
• 6M: 12.25%
• 1Y: 21.28%
• 3Y*: 17.67%
• 5Y*: 9.71%
• 10Y*: 8.74%

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

KEN vs. AIVI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KEN Kenon Holdings Ltd.	20.71%	126.18%	62.44%	-19.16%	-23.73%	93.65%	57.17%	50.73%	23.06%	85.88%
AIVI WisdomTree International Al Enhanced Value Fund	8.15%	38.68%	2.07%	18.11%	-9.78%	9.33%	-1.28%	17.55%	-9.25%	20.63%

Correlation

The correlation between KEN and AIVI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 15, 2015	0.27

The correlation between KEN and AIVI shifts across timeframes, from 0.27 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

KEN vs. AIVI — Risk / Return Rank

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

KEN

KEN Risk / Return Rank: 93
KEN Sharpe Ratio Rank: 95
KEN Sortino Ratio Rank: 92
KEN Omega Ratio Rank: 91
KEN Calmar Ratio Rank: 93
KEN Martin Ratio Rank: 95

AIVI

AIVI Risk / Return Rank: 48
AIVI Sharpe Ratio Rank: 51
AIVI Sortino Ratio Rank: 50
AIVI Omega Ratio Rank: 50
AIVI Calmar Ratio Rank: 44
AIVI Martin Ratio Rank: 46

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.

KEN vs. AIVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kenon Holdings Ltd. (KEN) and WisdomTree International Al Enhanced Value Fund (AIVI). 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.

	KEN	AIVI	Difference
Sharpe ratio: Return per unit of total volatility	3.01	1.60	+1.41
Sortino ratio: Return per unit of downside risk	3.41	2.23	+1.19
Omega ratio: Gain probability vs. loss probability	1.44	1.28	+0.16
Calmar ratio: Return relative to maximum drawdown	5.49	1.96	+3.53
Martin ratio: Return relative to average drawdown	19.50	6.84	+12.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KEN vs. AIVI - Sharpe Ratio Comparison

The current KEN Sharpe Ratio is 3.01, which is higher than the AIVI Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of KEN and AIVI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KEN	AIVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.01	1.60	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.64	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.01	0.53	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.24	+0.52

Drawdowns

KEN vs. AIVI - Drawdown Comparison

The maximum KEN drawdown since its inception was -69.20%, roughly equal to the maximum AIVI drawdown of -65.98%. Use the drawdown chart below to compare losses from any high point for KEN and AIVI.

Drawdown Indicators

	KEN	AIVI	Difference
Max Drawdown Largest peak-to-trough decline	-69.20%	-65.98%	-3.22%
Max Drawdown (1Y) Largest decline over 1 year	-21.39%	-10.92%	-10.47%
Max Drawdown (3Y) Largest decline over 3 years	-32.27%	-11.71%	-20.56%
Max Drawdown (5Y) Largest decline over 5 years	-69.20%	-28.05%	-41.15%
Max Drawdown (10Y) Largest decline over 10 years	-69.20%	-35.42%	-33.78%
Current Drawdown Current decline from peak	-19.88%	-3.81%	-16.07%
Average Drawdown Average peak-to-trough decline	-23.18%	-15.53%	-7.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.02%	3.12%	+2.90%

Volatility

KEN vs. AIVI - Volatility Comparison

Kenon Holdings Ltd. (KEN) has a higher volatility of 14.44% compared to WisdomTree International Al Enhanced Value Fund (AIVI) at 3.77%. This indicates that KEN's price experiences larger fluctuations and is considered to be riskier than AIVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KEN	AIVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.44%	3.77%	+10.67%
Volatility (6M) Calculated over the trailing 6-month period	29.95%	11.00%	+18.95%
Volatility (1Y) Calculated over the trailing 1-year period	39.14%	13.42%	+25.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.77%	15.16%	+24.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.90%	16.48%	+25.42%

Dividends

KEN vs. AIVI - Dividend Comparison

KEN's dividend yield for the trailing twelve months is around 5.03%, more than AIVI's 4.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVI WisdomTree International Al Enhanced Value Fund	4.26%	4.70%	4.94%	5.05%	4.32%	5.53%	3.50%	4.31%	4.21%	3.65%	3.98%	4.23%
KEN Kenon Holdings Ltd.	5.03%	7.24%	11.18%	11.46%	25.00%	7.35%	7.41%	5.75%	96.34%	0.00%	0.00%	45.52%

Frequently Asked Questions

Can I hold both KEN and AIVI in my portfolio?

KEN and AIVI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEN or AIVI?

KEN has higher volatility (14.44%) compared to AIVI (3.77%). In terms of maximum drawdown, KEN dropped -69.20% vs AIVI's -65.98%.

Which has better risk-adjusted returns?

KEN currently has the higher Sharpe Ratio (3.01 vs 1.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.