KGGIX vs. KGIIX

Last updated Jun 3, 2026

KGGIX (Kopernik Global All-Cap Fund) and KGIIX (Kopernik International Fund) are both mutual funds - KGGIX is a Foreign Small & Mid Cap Equities fund managed by Kopernik, while KGIIX is a Foreign Large Cap Equities fund managed by Kopernik. Over the past 10 years, KGGIX returned 13.62%/yr vs 10.13%/yr for KGIIX. Their correlation of 0.93 suggests significant overlap in exposure. KGGIX charges 1.01%/yr vs 1.04%/yr for KGIIX.

Performance

KGGIX vs. KGIIX - Performance Comparison

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

Returns By Period

In the year-to-date period, KGGIX achieves a 10.44% return, which is significantly higher than KGIIX's 9.65% return. Over the past 10 years, KGGIX has outperformed KGIIX with an annualized return of 13.62%, while KGIIX has yielded a comparatively lower 10.13% annualized return.

KGGIX

• 1D: -0.23%
• 1M: -0.87%
• YTD: 10.44%
• 6M: 14.21%
• 1Y: 43.50%
• 3Y*: 23.21%
• 5Y*: 11.23%
• 10Y*: 13.62%

KGIIX

• 1D: 0.00%
• 1M: -0.74%
• YTD: 9.65%
• 6M: 13.51%
• 1Y: 37.27%
• 3Y*: 18.86%
• 5Y*: 8.64%
• 10Y*: 10.13%

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

KGGIX vs. KGIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KGGIX Kopernik Global All-Cap Fund	10.44%	64.88%	-4.91%	13.43%	-9.05%	16.86%	37.23%	10.00%	-11.07%	8.98%
KGIIX Kopernik International Fund	9.65%	54.97%	-7.01%	13.86%	-14.05%	16.62%	18.94%	16.37%	-6.24%	10.50%

Correlation

The correlation between KGGIX and KGIIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.93

The correlation between KGGIX and KGIIX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

KGGIX vs. KGIIX — Risk / Return Rank

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

KGGIX

KGGIX Risk / Return Rank: 82
KGGIX Sharpe Ratio Rank: 91
KGGIX Sortino Ratio Rank: 78
KGGIX Omega Ratio Rank: 80
KGGIX Calmar Ratio Rank: 87
KGGIX Martin Ratio Rank: 72

KGIIX

KGIIX Risk / Return Rank: 82
KGIIX Sharpe Ratio Rank: 90
KGIIX Sortino Ratio Rank: 79
KGIIX Omega Ratio Rank: 81
KGIIX Calmar Ratio Rank: 88
KGIIX Martin Ratio Rank: 73

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.

KGGIX vs. KGIIX - Risk-Adjusted Trends Comparison

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

	KGGIX	KGIIX	Difference
Sharpe ratio Return per unit of total volatility	3.02	2.97	+0.05
Sortino ratio Return per unit of downside risk	3.73	3.75	-0.02
Omega ratio Gain probability vs. loss probability	1.53	1.54	-0.01
Calmar ratio Return relative to maximum drawdown	4.15	4.29	-0.14
Martin ratio Return relative to average drawdown	13.83	13.81	+0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KGGIX vs. KGIIX - Sharpe Ratio Comparison

The current KGGIX Sharpe Ratio is 3.02, which is comparable to the KGIIX Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of KGGIX and KGIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KGGIX	KGIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.02	2.97	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.66	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	0.80	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.93	-0.30

Drawdowns

KGGIX vs. KGIIX - Drawdown Comparison

The maximum KGGIX drawdown since its inception was -45.11%, which is greater than KGIIX's maximum drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for KGGIX and KGIIX.

Drawdown Indicators

	KGGIX	KGIIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.11%	-27.81%	-17.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.65%	-8.76%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-13.76%	-13.58%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-26.43%	-27.81%	+1.38%
Max Drawdown (10Y) Largest decline over 10 years	-31.59%	-27.81%	-3.78%
Current Drawdown Current decline from peak	-4.46%	-4.41%	-0.05%
Average Drawdown Average peak-to-trough decline	-9.51%	-6.11%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.72%	+0.48%

Volatility

KGGIX vs. KGIIX - Volatility Comparison

Kopernik Global All-Cap Fund (KGGIX) has a higher volatility of 3.76% compared to Kopernik International Fund (KGIIX) at 2.98%. This indicates that KGGIX's price experiences larger fluctuations and is considered to be riskier than KGIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KGGIX	KGIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	2.98%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	12.16%	10.27%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	14.99%	13.00%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.19%	13.21%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.00%	12.68%	+2.32%

KGGIX vs. KGIIX - Expense Ratio Comparison

KGGIX has a 1.01% expense ratio, which is lower than KGIIX's 1.04% expense ratio.

Dividends

KGGIX vs. KGIIX - Dividend Comparison

KGGIX's dividend yield for the trailing twelve months is around 14.90%, more than KGIIX's 13.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KGGIX Kopernik Global All-Cap Fund	14.90%	16.46%	1.04%	8.60%	13.59%	9.30%	4.81%	3.02%	0.25%	4.40%	3.34%	0.81%
KGIIX Kopernik International Fund	13.01%	14.26%	0.48%	12.56%	2.46%	5.77%	2.89%	2.50%	1.19%	1.35%	0.33%	0.00%

Frequently Asked Questions

Can I hold both KGGIX and KGIIX in my portfolio?

With a correlation of 0.96, KGGIX and KGIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, KGGIX or KGIIX?

KGGIX has higher volatility (3.76%) compared to KGIIX (2.98%). In terms of maximum drawdown, KGGIX dropped -45.11% vs KGIIX's -27.81%.

Which has better risk-adjusted returns?

KGGIX currently has the higher Sharpe Ratio (3.02 vs 2.97), 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.