KGGIX vs. SPY
Compare and contrast key facts about Kopernik Global All-Cap Fund (KGGIX) and State Street SPDR S&P 500 ETF (SPY).
KGGIX is managed by Kopernik. It was launched on Oct 31, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
KGGIX vs. SPY - Performance Comparison
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KGGIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, KGGIX achieves a 4.70% return, which is significantly higher than SPY's -4.37% return. Both investments have delivered pretty close results over the past 10 years, with KGGIX having a 14.53% annualized return and SPY not far behind at 13.98%.
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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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KGGIX vs. SPY - Expense Ratio Comparison
KGGIX has a 1.01% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
KGGIX vs. SPY — Risk / Return Rank
KGGIX
SPY
KGGIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kopernik Global All-Cap Fund (KGGIX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.28 | 0.93 | +2.35 |
Sortino ratioReturn per unit of downside risk | 3.90 | 1.45 | +2.45 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.22 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 4.66 | 1.53 | +3.13 |
Martin ratioReturn relative to average drawdown | 17.03 | 7.30 | +9.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KGGIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.28 | 0.93 | +2.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.69 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.78 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.56 | +0.05 |
Correlation
The correlation between KGGIX and SPY is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
KGGIX vs. SPY - Dividend Comparison
KGGIX's dividend yield for the trailing twelve months is around 15.72%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
KGGIX vs. SPY - Drawdown Comparison
The maximum KGGIX drawdown since its inception was -45.11%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KGGIX and SPY.
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Drawdown Indicators
| KGGIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.11% | -55.19% | +10.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -12.05% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.43% | -24.50% | -1.93% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | -33.72% | +2.13% |
Current DrawdownCurrent decline from peak | -9.42% | -6.24% | -3.18% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -9.09% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.52% | +0.39% |
Volatility
KGGIX vs. SPY - Volatility Comparison
Kopernik Global All-Cap Fund (KGGIX) has a higher volatility of 5.62% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that KGGIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KGGIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 5.31% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 9.47% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 19.05% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 17.06% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 17.92% | -2.84% |