KF vs. SFENX
KF (The Korea Fund Inc) and SFENX (Schwab Fundamental Emerging Markets Equity Index Fund) are both Emerging Markets Equities funds. Over the past 10 years, KF returned 16.63%/yr vs 11.13%/yr for SFENX. A 0.68 correlation means they provide meaningful diversification when combined. KF charges 0.01%/yr vs 0.39%/yr for SFENX.
Performance
KF vs. SFENX - 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 SFENX's 13.84% return. Over the past 10 years, KF has outperformed SFENX with an annualized return of 16.63%, while SFENX has yielded a comparatively lower 11.13% annualized 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%
SFENX
- 1D
- 0.23%
- 1M
- 1.33%
- YTD
- 13.84%
- 6M
- 14.25%
- 1Y
- 32.69%
- 3Y*
- 20.69%
- 5Y*
- 9.76%
- 10Y*
- 11.13%
KF vs. SFENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 94.44% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -19.26% | 42.50% |
SFENX Schwab Fundamental Emerging Markets Equity Index Fund | 13.84% | 29.19% | 12.31% | 14.90% | -15.50% | 13.91% | -3.01% | 19.46% | -9.96% | 26.44% |
Correlation
The correlation between KF and SFENX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.68 |
The correlation between KF and SFENX has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
KF vs. SFENX — Risk / Return Rank
KF
SFENX
KF vs. SFENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and Schwab Fundamental Emerging Markets Equity Index Fund (SFENX). 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 | SFENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.44 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.97 | 3.52 | +3.45 |
| Martin ratioReturn relative to average drawdown | 24.90 | 12.26 | +12.64 |
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Drawdowns
KF vs. SFENX - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, which is greater than SFENX's maximum drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for KF and SFENX.
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Drawdown Indicators
| KF | SFENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -47.19% | -38.06% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -9.45% | -15.97% |
Max Drawdown (3Y)Largest decline over 3 years | -28.04% | -16.51% | -11.53% |
Max Drawdown (5Y)Largest decline over 5 years | -47.62% | -29.26% | -18.36% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -39.59% | -13.32% |
Current DrawdownCurrent decline from peak | -11.78% | -2.93% | -8.85% |
Average DrawdownAverage peak-to-trough decline | -37.85% | -12.86% | -24.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.10% | 2.71% | +4.39% |
Volatility
KF vs. SFENX - Volatility Comparison
The Korea Fund Inc (KF) has a higher volatility of 26.65% compared to Schwab Fundamental Emerging Markets Equity Index Fund (SFENX) at 5.29%. This indicates that KF's price experiences larger fluctuations and is considered to be riskier than SFENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KF | SFENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.65% | 5.29% | +21.36% |
Volatility (6M)Calculated over the trailing 6-month period | 42.61% | 11.50% | +31.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.95% | 13.82% | +32.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.23% | 15.49% | +13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 16.89% | +9.93% |
KF vs. SFENX - Expense Ratio Comparison
KF has a 0.02% expense ratio, which is lower than SFENX's 0.39% expense ratio.
Dividends
KF vs. SFENX - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.62%, less than SFENX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SFENX Schwab Fundamental Emerging Markets Equity Index Fund | 3.45% | 3.93% | 4.67% | 5.00% | 5.46% | 4.61% | 2.95% | 3.82% | 2.90% | 2.37% | 2.16% | 3.23% |
Frequently Asked Questions
KF and SFENX have a correlation of 0.62, 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 SFENX (5.29%). In terms of maximum drawdown, KF dropped -85.25% vs SFENX's -47.19%.
KF currently has the higher Sharpe Ratio (3.85 vs 2.41), 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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