KF vs. PALAX
KF (The Korea Fund Inc) and PALAX (Virtus Global Allocation Fund) are both mutual funds - KF is a Emerging Markets Equities fund managed by Allianz, while PALAX is a Global Allocation fund managed by Allianz. Over the past 10 years, KF returned 12.77%/yr vs 7.27%/yr for PALAX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. KF charges 0.01%/yr vs 0.52%/yr for PALAX.
Performance
KF vs. PALAX - 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 PALAX's 8.37% return. Over the past 10 years, KF has outperformed PALAX with an annualized return of 12.77%, while PALAX has yielded a comparatively lower 7.27% annualized 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%
PALAX
- 1D
- 1.27%
- 1M
- 0.31%
- 6M
- 5.36%
- YTD
- 8.37%
- 1Y
- 18.01%
- 3Y*
- 11.02%
- 5Y*
- 5.55%
- 10Y*
- 7.27%
- ALL TIME*
- 5.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.51M | $1.67M | |
| $0.00 | $0.00 | $0.00 |
KF vs. PALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 52.92% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -19.26% | 42.50% |
PALAX Virtus Global Allocation Fund | 8.37% | 17.73% | 6.39% | 11.78% | -15.69% | 10.82% | 13.99% | 17.93% | -8.72% | 16.92% |
Correlation
The correlation between KF and PALAX is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 1998 | 0.59 |
The correlation between KF and PALAX has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.
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Return for Risk
KF vs. PALAX — Risk / Return Rank
KF
PALAX
KF vs. PALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and Virtus Global Allocation Fund (PALAX). 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 | PALAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.50 | +0.43 |
| Martin ratioReturn relative to average drawdown | 10.48 | 10.18 | +0.29 |
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Drawdowns
KF vs. PALAX - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, which is greater than PALAX's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for KF and PALAX.
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Drawdown Indicators
| KF | PALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -44.59% | -40.66% |
Max Drawdown (1Y)Largest decline over 1 year | -35.19% | -6.93% | -28.26% |
Max Drawdown (3Y)Largest decline over 3 years | -35.19% | -11.92% | -23.27% |
Max Drawdown (5Y)Largest decline over 5 years | -46.83% | -27.75% | -19.08% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -27.75% | -25.16% |
Current DrawdownCurrent decline from peak | -30.62% | -1.18% | -29.44% |
Average DrawdownAverage peak-to-trough decline | -37.80% | -6.67% | -31.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.82% | 1.70% | +8.12% |
Volatility
KF vs. PALAX - Volatility Comparison
The Korea Fund Inc (KF) has a higher volatility of 18.84% compared to Virtus Global Allocation Fund (PALAX) at 2.78%. This indicates that KF's price experiences larger fluctuations and is considered to be riskier than PALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KF | PALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.84% | 2.78% | +16.06% |
Volatility (6M)Calculated over the trailing 6-month period | 46.99% | 7.73% | +39.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.38% | 9.31% | +41.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.66% | 11.95% | +18.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.58% | 11.36% | +16.22% |
KF vs. PALAX - Expense Ratio Comparison
KF has a 0.02% expense ratio, which is lower than PALAX's 0.52% expense ratio.
Dividends
KF vs. PALAX - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.79%, less than PALAX's 9.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PALAX Virtus Global Allocation Fund | 9.28% | 6.94% | 3.07% | 2.60% | 6.29% | 9.15% | 6.14% | 10.09% | 6.19% | 10.69% | 1.61% | 5.30% |
Frequently Asked Questions
KF and PALAX have a correlation of 0.66, 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 PALAX (2.78%). In terms of maximum drawdown, KF dropped -85.25% vs PALAX's -44.59%.
KF currently has the higher Sharpe Ratio (2.05 vs 1.86), 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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