KGGAX vs. KGGIX

Last updated Apr 1, 2026

Compare and contrast key facts about Kopernik Global All-Cap Fund Class A (KGGAX) and Kopernik Global All-Cap Fund (KGGIX).

KGGAX is managed by Kopernik. It was launched on Nov 1, 2013. KGGIX is managed by Kopernik. It was launched on Oct 31, 2013.

Performance

KGGAX vs. KGGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kopernik Global All-Cap Fund Class A (KGGAX) and Kopernik Global All-Cap Fund (KGGIX). The values are adjusted to include any dividend payments, if applicable.

KGGAX vs. KGGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KGGAX Kopernik Global All-Cap Fund Class A	4.60%	64.46%	-4.79%	13.08%	-9.24%	16.59%	36.89%	9.76%	-11.34%	8.77%
KGGIX Kopernik Global All-Cap Fund	4.70%	64.88%	-4.91%	13.43%	-9.05%	16.86%	37.23%	10.00%	-11.07%	8.98%

Returns By Period

The year-to-date returns for both investments are quite close, with KGGAX having a 4.60% return and KGGIX slightly higher at 4.70%. Both investments have delivered pretty close results over the past 10 years, with KGGAX having a 14.28% annualized return and KGGIX not far ahead at 14.53%.

KGGAX

• 1D: -0.06%
• 1M: -9.46%
• YTD: 4.60%
• 6M: 13.01%
• 1Y: 50.39%
• 3Y*: 21.31%
• 5Y*: 12.69%
• 10Y*: 14.28%

KGGIX

• 1D: -0.06%
• 1M: -9.42%
• YTD: 4.70%
• 6M: 13.13%
• 1Y: 50.78%
• 3Y*: 21.52%
• 5Y*: 12.90%
• 10Y*: 14.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KGGAX vs. KGGIX - Expense Ratio Comparison

KGGAX has a 1.26% expense ratio, which is higher than KGGIX's 1.01% expense ratio.

KGGAX

Kopernik Global All-Cap Fund Class A

KGGIX

Kopernik Global All-Cap Fund

Return for Risk

KGGAX vs. KGGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KGGAX

KGGAX Risk / Return Rank: 97
KGGAX Sharpe Ratio Rank: 99
KGGAX Sortino Ratio Rank: 97
KGGAX Omega Ratio Rank: 96
KGGAX Calmar Ratio Rank: 98
KGGAX Martin Ratio Rank: 97

KGGIX

KGGIX Risk / Return Rank: 97
KGGIX Sharpe Ratio Rank: 99
KGGIX Sortino Ratio Rank: 97
KGGIX Omega Ratio Rank: 96
KGGIX Calmar Ratio Rank: 98
KGGIX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KGGAX vs. KGGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kopernik Global All-Cap Fund Class A (KGGAX) and Kopernik Global All-Cap Fund (KGGIX). 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.

	KGGAX	KGGIX	Difference
Sharpe ratio Return per unit of total volatility	3.26	3.28	-0.02
Sortino ratio Return per unit of downside risk	3.87	3.90	-0.03
Omega ratio Gain probability vs. loss probability	1.58	1.58	0.00
Calmar ratio Return relative to maximum drawdown	4.63	4.66	-0.03
Martin ratio Return relative to average drawdown	16.87	17.03	-0.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KGGAX vs. KGGIX - Sharpe Ratio Comparison

The current KGGAX Sharpe Ratio is 3.26, which is comparable to the KGGIX Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of KGGAX and KGGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KGGAX	KGGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.26	3.28	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.86	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.95	0.97	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.61	-0.01

Correlation

The correlation between KGGAX and KGGIX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

KGGAX vs. KGGIX - Dividend Comparison

KGGAX's dividend yield for the trailing twelve months is around 15.40%, less than KGGIX's 15.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KGGAX Kopernik Global All-Cap Fund Class A	15.40%	16.11%	1.04%	8.29%	13.22%	9.00%	4.59%	2.72%	0.00%	4.12%	3.09%	0.40%
KGGIX Kopernik Global All-Cap Fund	15.72%	16.46%	1.04%	8.60%	13.59%	9.30%	4.81%	3.02%	0.25%	4.40%	3.34%	0.81%

Drawdowns

KGGAX vs. KGGIX - Drawdown Comparison

The maximum KGGAX drawdown since its inception was -45.27%, roughly equal to the maximum KGGIX drawdown of -45.11%. Use the drawdown chart below to compare losses from any high point for KGGAX and KGGIX.

Drawdown Indicators

	KGGAX	KGGIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.27%	-45.11%	-0.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-10.65%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-26.59%	-26.43%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	-31.90%	-31.59%	-0.31%
Current Drawdown Current decline from peak	-9.46%	-9.42%	-0.04%
Average Drawdown Average peak-to-trough decline	-9.76%	-9.59%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.91%	+0.01%

Volatility

KGGAX vs. KGGIX - Volatility Comparison

Kopernik Global All-Cap Fund Class A (KGGAX) and Kopernik Global All-Cap Fund (KGGIX) have volatilities of 5.61% and 5.62%, 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.

Volatility by Period

	KGGAX	KGGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	5.62%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	12.33%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	15.26%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.07%	15.14%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.05%	15.08%	-0.03%