KF vs. BADEX
KF (The Korea Fund Inc) and BADEX (BlackRock Defensive Advantage Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, KF returned 13.63%/yr vs 7.59%/yr for BADEX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. KF charges 0.01%/yr vs 1.06%/yr for BADEX.
Performance
KF vs. BADEX - Performance Comparison
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Returns By Period
In the year-to-date period, KF achieves a 52.92% return, which is significantly higher than BADEX's 14.36% return.
KF
- 1D
- -2.46%
- 1M
- -18.91%
- 6M
- 19.78%
- YTD
- 52.92%
- 1Y
- 109.71%
- 3Y*
- 33.59%
- 5Y*
- 13.63%
- 10Y*
- 12.77%
- ALL TIME*
- 7.03%
BADEX
- 1D
- 2.44%
- 1M
- -1.28%
- 6M
- 8.24%
- YTD
- 14.36%
- 1Y
- 20.71%
- 3Y*
- 12.76%
- 5Y*
- 7.59%
- 10Y*
- —
- ALL TIME*
- 7.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.71M | $1.51M | $1.67M |
KF vs. BADEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 52.92% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 6.51% |
BADEX BlackRock Defensive Advantage Emerging Markets Fund | 14.36% | 13.95% | 10.15% | 11.67% | -11.34% | 4.49% | 2.32% |
Correlation
The correlation between KF and BADEX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2020 | 0.63 |
The correlation between KF and BADEX has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
KF vs. BADEX — Risk / Return Rank
KF
BADEX
KF vs. BADEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and BlackRock Defensive Advantage Emerging Markets Fund (BADEX). 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.
| KF | BADEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.20 | +0.72 |
| Martin ratioReturn relative to average drawdown | 10.48 | 7.37 | +3.10 |
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Drawdowns
KF vs. BADEX - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, which is greater than BADEX's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for KF and BADEX.
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Drawdown Indicators
| KF | BADEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -21.86% | -63.39% |
Max Drawdown (1Y)Largest decline over 1 year | -35.19% | -8.89% | -26.30% |
Max Drawdown (3Y)Largest decline over 3 years | -35.19% | -8.89% | -26.30% |
Max Drawdown (5Y)Largest decline over 5 years | -46.83% | -20.57% | -26.26% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | — | — |
Current DrawdownCurrent decline from peak | -30.62% | -5.52% | -25.10% |
Average DrawdownAverage peak-to-trough decline | -37.80% | -5.56% | -32.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.82% | 2.65% | +7.17% |
Volatility
KF vs. BADEX - Volatility Comparison
The Korea Fund Inc (KF) has a higher volatility of 18.84% compared to BlackRock Defensive Advantage Emerging Markets Fund (BADEX) at 6.13%. This indicates that KF's price experiences larger fluctuations and is considered to be riskier than BADEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KF | BADEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.84% | 6.13% | +12.71% |
Volatility (6M)Calculated over the trailing 6-month period | 46.99% | 12.54% | +34.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.38% | 13.37% | +37.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.66% | 10.85% | +19.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.58% | 10.92% | +16.66% |
KF vs. BADEX - Expense Ratio Comparison
KF has a 0.02% expense ratio, which is lower than BADEX's 1.06% expense ratio.
Dividends
KF vs. BADEX - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.79%, less than BADEX's 11.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BADEX BlackRock Defensive Advantage Emerging Markets Fund | 11.51% | 7.52% | 2.27% | 1.92% | 2.43% | 7.54% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KF The Korea Fund Inc | 0.79% | 1.20% | 2.46% | 0.00% | 15.93% | 26.50% | 1.30% | 0.24% | 18.67% | 9.75% | 1.03% | 13.66% |
Frequently Asked Questions
KF and BADEX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KF has higher volatility (18.84%) compared to BADEX (6.13%). In terms of maximum drawdown, KF dropped -85.25% vs BADEX's -21.86%.
KF currently has the higher Sharpe Ratio (2.05 vs 1.47), 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.
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