KF vs. IVVD
KF (The Korea Fund Inc) is Emerging Markets Equities fund managed by Allianz Global Investors, while IVVD (Invivyd Inc.) is a stock. Over the past 3 years, KF returned 40.35%/yr vs -17.25%/yr for IVVD. At a 0.14 correlation, their price movements are largely independent.
Performance
KF vs. IVVD - Performance Comparison
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Returns By Period
In the year-to-date period, KF achieves a 74.15% return, which is significantly higher than IVVD's -68.12% return.
KF
- 1D
- -7.01%
- 1M
- -13.14%
- 6M
- 56.29%
- YTD
- 74.15%
- 1Y
- 133.94%
- 3Y*
- 40.35%
- 5Y*
- 16.30%
- 10Y*
- 14.56%
IVVD
- 1D
- 0.52%
- 1M
- 2.27%
- 6M
- -67.86%
- YTD
- -68.12%
- 1Y
- 6.64%
- 3Y*
- -17.25%
- 5Y*
- —
- 10Y*
- —
KF vs. IVVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 74.15% | 99.36% | -19.29% | 12.34% | -30.02% | -4.86% |
IVVD Invivyd Inc. | -68.12% | 457.44% | -88.75% | 162.67% | -79.34% | -65.43% |
Correlation
The correlation between KF and IVVD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.14 |
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Return for Risk
KF vs. IVVD — Risk / Return Rank
KF
IVVD
KF vs. IVVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and Invivyd Inc. (IVVD). 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 | IVVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.14 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.30 | 0.09 | +5.21 |
| Martin ratioReturn relative to average drawdown | 17.54 | 0.18 | +17.37 |
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Drawdowns
KF vs. IVVD - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, smaller than the maximum IVVD drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for KF and IVVD.
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Drawdown Indicators
| KF | IVVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -99.36% | +14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -73.26% | +47.84% |
Max Drawdown (3Y)Largest decline over 3 years | -28.04% | -92.90% | +64.86% |
Max Drawdown (5Y)Largest decline over 5 years | -46.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | — | — |
Current DrawdownCurrent decline from peak | -20.99% | -98.60% | +77.61% |
Average DrawdownAverage peak-to-trough decline | -37.81% | -91.20% | +53.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 37.94% | -30.27% |
Volatility
KF vs. IVVD - Volatility Comparison
The current volatility for The Korea Fund Inc (KF) is 23.71%, while Invivyd Inc. (IVVD) has a volatility of 30.46%. This indicates that KF experiences smaller price fluctuations and is considered to be less risky than IVVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KF | IVVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.71% | 30.46% | -6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 44.65% | 68.13% | -23.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.81% | 141.72% | -93.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.85% | 177.74% | -147.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.12% | 177.74% | -150.62% |
Dividends
KF vs. IVVD - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.69%, while IVVD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVVD Invivyd Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KF The Korea Fund Inc | 0.69% | 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 IVVD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVD has higher volatility (30.46%) compared to KF (23.71%). In terms of maximum drawdown, KF dropped -85.25% vs IVVD's -99.36%.
KF currently has the higher Sharpe Ratio (2.82 vs 0.05), 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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