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 46.53%/yr vs -4.41%/yr for IVVD. At a 0.15 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 94.44% return, which is significantly higher than IVVD's -62.16% return.
KF
- 1D
- -11.46%
- 1M
- 6.90%
- YTD
- 94.44%
- 6M
- 99.44%
- 1Y
- 176.02%
- 3Y*
- 46.53%
- 5Y*
- 18.29%
- 10Y*
- 16.63%
IVVD
- 1D
- 2.21%
- 1M
- -15.04%
- YTD
- -62.16%
- 6M
- -66.62%
- 1Y
- 33.29%
- 3Y*
- -4.41%
- 5Y*
- —
- 10Y*
- —
KF vs. IVVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 94.44% | 99.36% | -19.29% | 12.34% | -30.02% | -4.86% |
IVVD Invivyd Inc. | -62.16% | 457.44% | -88.75% | 162.67% | -79.34% | -65.43% |
Correlation
The correlation between KF and IVVD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.15 |
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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 | +3.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.18 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 6.97 | 0.46 | +6.51 |
| Martin ratioReturn relative to average drawdown | 24.90 | 0.97 | +23.93 |
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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 | -47.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | — | — |
Current DrawdownCurrent decline from peak | -11.78% | -98.33% | +86.55% |
Average DrawdownAverage peak-to-trough decline | -37.85% | -91.13% | +53.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.10% | 34.53% | -27.43% |
Volatility
KF vs. IVVD - Volatility Comparison
The Korea Fund Inc (KF) and Invivyd Inc. (IVVD) have volatilities of 26.65% and 25.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 26.65% | 25.46% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 42.61% | 69.43% | -26.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.95% | 141.07% | -95.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.23% | 178.37% | -149.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 178.37% | -151.55% |
Dividends
KF vs. IVVD - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.62%, 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 | 0.62% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KF has higher volatility (26.65%) compared to IVVD (25.46%). In terms of maximum drawdown, KF dropped -85.25% vs IVVD's -99.36%.
KF currently has the higher Sharpe Ratio (3.85 vs 0.24), 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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