KF vs. SLV
KF (The Korea Fund Inc) and SLV (iShares Silver Trust) are both funds - KF is a Emerging Markets Equities fund managed by Allianz Global Investors, while SLV is a Silver fund tracking the LBMA Silver Price. Over the past 10 years, KF returned 16.77%/yr vs 11.05%/yr for SLV. At a 0.25 correlation, their price movements are largely independent. KF charges 0.01%/yr vs 0.50%/yr for SLV.
Performance
KF vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, KF achieves a 107.08% return, which is significantly higher than SLV's -17.00% return. Over the past 10 years, KF has outperformed SLV with an annualized return of 16.77%, while SLV has yielded a comparatively lower 11.05% annualized return.
KF
- 1D
- 3.30%
- 1M
- 0.68%
- YTD
- 107.08%
- 6M
- 104.71%
- 1Y
- 182.72%
- 3Y*
- 49.92%
- 5Y*
- 20.00%
- 10Y*
- 16.77%
SLV
- 1D
- 1.50%
- 1M
- -21.75%
- YTD
- -17.00%
- 6M
- -22.48%
- 1Y
- 62.97%
- 3Y*
- 36.79%
- 5Y*
- 17.27%
- 10Y*
- 11.05%
KF vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 107.08% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -19.26% | 42.50% |
SLV iShares Silver Trust | -17.00% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between KF and SLV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.25 |
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Return for Risk
KF vs. SLV — Risk / Return Rank
KF
SLV
KF vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.23 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 7.23 | 1.24 | +5.99 |
| Martin ratioReturn relative to average drawdown | 25.50 | 2.74 | +22.75 |
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Drawdowns
KF vs. SLV - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for KF and SLV.
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Drawdown Indicators
| KF | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -76.28% | -8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -50.97% | +25.55% |
Max Drawdown (3Y)Largest decline over 3 years | -28.04% | -50.97% | +22.93% |
Max Drawdown (5Y)Largest decline over 5 years | -47.02% | -50.97% | +3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -50.97% | -1.94% |
Current DrawdownCurrent decline from peak | -6.05% | -49.37% | +43.32% |
Average DrawdownAverage peak-to-trough decline | -37.83% | -44.66% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 23.01% | -15.81% |
Volatility
KF vs. SLV - Volatility Comparison
The Korea Fund Inc (KF) has a higher volatility of 25.49% compared to iShares Silver Trust (SLV) at 15.67%. This indicates that KF's price experiences larger fluctuations and is considered to be riskier than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KF | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.49% | 15.67% | +9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 43.03% | 58.87% | -15.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.24% | 60.75% | -14.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.37% | 36.74% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.87% | 32.12% | -5.25% |
KF vs. SLV - Expense Ratio Comparison
KF has a 0.02% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
KF vs. SLV - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.58%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 0.58% | 1.20% | 2.46% | 0.00% | 15.93% | 26.50% | 1.30% | 0.24% | 18.67% | 9.75% | 1.03% | 13.66% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KF and SLV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KF has higher volatility (25.49%) compared to SLV (15.67%). In terms of maximum drawdown, KF dropped -85.25% vs SLV's -76.28%.
KF currently has the higher Sharpe Ratio (3.98 vs 1.04), 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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