KF vs. FMV.DE

Last updated Jun 4, 2026

KF (The Korea Fund Inc) is Emerging Markets Equities fund managed by Allianz Global Investors, while FMV.DE (First Majestic Silver Corp) is a stock. Over the past 5 years, KF returned 20.31%/yr vs 2.53%/yr for FMV.DE. At a 0.23 correlation, their price movements are largely independent.

Performance

KF vs. FMV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Korea Fund Inc (KF) and First Majestic Silver Corp (FMV.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

KF is traded in USD, while FMV.DE is traded in EUR. To make them comparable, the FMV.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, KF achieves a 112.42% return, which is significantly higher than FMV.DE's 15.89% return.

KF

• 1D: -1.28%
• 1M: 26.02%
• YTD: 112.42%
• 6M: 119.32%
• 1Y: 237.36%
• 3Y*: 50.20%
• 5Y*: 20.31%
• 10Y*: 17.29%

FMV.DE

• 1D: -5.17%
• 1M: 2.14%
• YTD: 15.89%
• 6M: 25.19%
• 1Y: 188.52%
• 3Y*: 49.55%
• 5Y*: 2.53%
• 10Y*: —

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

KF vs. FMV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
KF The Korea Fund Inc	112.42%	99.36%	-19.29%	12.34%	-30.02%	8.44%	37.14%	2.51%
FMV.DE First Majestic Silver Corp	15.89%	215.06%	-11.05%	-27.13%	-22.25%	-14.18%	4.91%	12.64%

Correlation

The correlation between KF and FMV.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 19, 2019	0.23

Return for Risk

KF vs. FMV.DE — Risk / Return Rank

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

KF

KF Risk / Return Rank: 97
KF Sharpe Ratio Rank: 100
KF Sortino Ratio Rank: 96
KF Omega Ratio Rank: 95
KF Calmar Ratio Rank: 98
KF Martin Ratio Rank: 98

FMV.DE

FMV.DE Risk / Return Rank: 88
FMV.DE Sharpe Ratio Rank: 92
FMV.DE Sortino Ratio Rank: 87
FMV.DE Omega Ratio Rank: 83
FMV.DE Calmar Ratio Rank: 90
FMV.DE Martin Ratio Rank: 87

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.

KF vs. FMV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and First Majestic Silver Corp (FMV.DE). 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.

	KF	FMV.DE	Difference
Sharpe ratio: Return per unit of total volatility	5.95	2.54	+3.41
Sortino ratio: Return per unit of downside risk	5.31	2.91	+2.40
Omega ratio: Gain probability vs. loss probability	1.78	1.34	+0.44
Calmar ratio: Return relative to maximum drawdown	9.40	4.62	+4.79
Martin ratio: Return relative to average drawdown	35.25	9.90	+25.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KF vs. FMV.DE - Sharpe Ratio Comparison

The current KF Sharpe Ratio is 5.95, which is higher than the FMV.DE Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of KF and FMV.DE, 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

	KF	FMV.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.95	2.54	+3.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.04	+0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.16	+0.07

Drawdowns

KF vs. FMV.DE - Drawdown Comparison

The maximum KF drawdown since its inception was -85.25%, which is greater than FMV.DE's maximum drawdown of -79.57%. Use the drawdown chart below to compare losses from any high point for KF and FMV.DE.

Drawdown Indicators

	KF	FMV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-85.25%	-79.57%	-5.68%
Max Drawdown (1Y) Largest decline over 1 year	-25.42%	-40.58%	+15.16%
Max Drawdown (3Y) Largest decline over 3 years	-28.04%	-42.38%	+14.34%
Max Drawdown (5Y) Largest decline over 5 years	-47.62%	-76.62%	+29.00%
Max Drawdown (10Y) Largest decline over 10 years	-52.91%	—	—
Current Drawdown Current decline from peak	-1.84%	-36.59%	+34.75%
Average Drawdown Average peak-to-trough decline	-37.89%	-48.67%	+10.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.77%	18.95%	-12.18%

Volatility

KF vs. FMV.DE - Volatility Comparison

The current volatility for The Korea Fund Inc (KF) is 20.55%, while First Majestic Silver Corp (FMV.DE) has a volatility of 25.58%. This indicates that KF experiences smaller price fluctuations and is considered to be less risky than FMV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KF	FMV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.55%	25.58%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	35.84%	57.94%	-22.10%
Volatility (1Y) Calculated over the trailing 1-year period	40.16%	73.76%	-33.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.37%	61.08%	-33.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.90%	64.04%	-38.14%

Dividends

KF vs. FMV.DE - Dividend Comparison

KF's dividend yield for the trailing twelve months is around 0.57%, more than FMV.DE's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMV.DE First Majestic Silver Corp	0.11%	0.08%	0.20%	0.22%	0.21%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KF The Korea Fund Inc	0.57%	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

Can I hold both KF and FMV.DE in my portfolio?

KF and FMV.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.