KLMT vs. DFAI

Last updated Aug 2, 2026

KLMT (Invesco MSCI Global Climate 500 ETF) and DFAI (Dimensional International Core Equity Market ETF) are both exchange-traded funds - KLMT is a Global Equities fund tracking the MSCI ACWI Select Climate 500 Index, while DFAI is a Foreign Large Cap Equities fund actively managed by Dimensional. KLMT is passively managed, while DFAI is actively managed. Over the past year, KLMT returned 23.90% vs 26.71% for DFAI. Their correlation of 0.81 means they have usually moved in the same direction. KLMT charges 0.10%/yr vs 0.18%/yr for DFAI.

Performance

KLMT vs. DFAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Global Climate 500 ETF (KLMT) and Dimensional International Core Equity Market ETF (DFAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with KLMT having a 12.18% return and DFAI slightly lower at 12.02%.

KLMT

• 1D: 0.84%
• 1M: 0.63%
• 6M: 9.37%
• YTD: 12.18%
• 1Y: 23.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.55%

DFAI

• 1D: -0.64%
• 1M: 1.25%
• 6M: 6.62%
• YTD: 12.02%
• 1Y: 26.71%
• 3Y*: 17.83%
• 5Y*: 10.32%
• 10Y*: —
• ALL TIME*: 12.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFAI Dimensional International Core Equity Market ETF	$73.27M	$69.05M	$61.26M
KLMT Invesco MSCI Global Climate 500 ETF	$54.97K	$63.59K	$76.30K

KLMT vs. DFAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLMT Invesco MSCI Global Climate 500 ETF	12.18%	21.31%	4.94%
DFAI Dimensional International Core Equity Market ETF	12.02%	34.04%	-0.87%

Correlation

The correlation between KLMT and DFAI is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since Jun 26, 2024	0.81

The correlation between KLMT and DFAI has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

KLMT vs. DFAI - Sectors Allocation Comparison

Sectors	KLMT	DFAI
Technology	33.5%	11.1%
Financial Services	16.0%	23.1%
Industrials	10.5%	19.1%
Consumer Cyclical	8.6%	8.6%
Communication Services	8.5%	3.6%
Healthcare	8.2%	8.8%
Consumer Defensive	4.8%	6.4%
Energy	3.1%	5.8%
Basic Materials	2.7%	8.4%
Real Estate	2.6%	1.4%
Utilities	1.6%	3.8%

Return for Risk

KLMT vs. DFAI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KLMT

KLMT Risk / Return Rank: 71
KLMT Sharpe Ratio Rank: 71
KLMT Sortino Ratio Rank: 70
KLMT Omega Ratio Rank: 70
KLMT Calmar Ratio Rank: 67
KLMT Martin Ratio Rank: 77

DFAI

DFAI Risk / Return Rank: 77
DFAI Sharpe Ratio Rank: 80
DFAI Sortino Ratio Rank: 79
DFAI Omega Ratio Rank: 78
DFAI Calmar Ratio Rank: 71
DFAI Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KLMT vs. DFAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Climate 500 ETF (KLMT) and Dimensional International Core Equity Market ETF (DFAI). 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.

	KLMT	DFAI	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.82	-0.18
Sortino ratio: Return per unit of downside risk	2.30	2.56	-0.27
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	2.36	2.44	-0.07
Martin ratio: Return relative to average drawdown	9.85	9.59	+0.26

KLMT vs. DFAI - Sharpe Ratio Comparison

The current KLMT Sharpe Ratio is 1.65, which is comparable to the DFAI Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of KLMT and DFAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KLMT vs. DFAI - Drawdown Comparison

The maximum KLMT drawdown since its inception was -16.87%, smaller than the maximum DFAI drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for KLMT and DFAI.

Drawdown Indicators

	KLMT	DFAI	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-27.44%	+10.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-10.95%	+1.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.44%	—
Current Drawdown Current decline from peak	-0.66%	-0.64%	-0.02%
Average Drawdown Average peak-to-trough decline	-1.87%	-5.01%	+3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.78%	-0.50%

Volatility

KLMT vs. DFAI - Volatility Comparison

The current volatility for Invesco MSCI Global Climate 500 ETF (KLMT) is 3.88%, while Dimensional International Core Equity Market ETF (DFAI) has a volatility of 4.24%. This indicates that KLMT experiences smaller price fluctuations and is considered to be less risky than DFAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLMT	DFAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	4.24%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	11.42%	12.66%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	14.65%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.87%	16.00%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	15.69%	+0.18%

KLMT vs. DFAI - Expense Ratio Comparison

KLMT has a 0.10% expense ratio, which is lower than DFAI's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

KLMT vs. DFAI - Dividend Comparison

KLMT's dividend yield for the trailing twelve months is around 1.75%, less than DFAI's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DFAI Dimensional International Core Equity Market ETF	2.30%	2.45%	2.72%	2.64%	2.72%	2.06%	0.09%
KLMT Invesco MSCI Global Climate 500 ETF	1.75%	1.95%	0.85%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLMT and DFAI in my portfolio?

KLMT and DFAI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLMT or DFAI?

DFAI has higher volatility (4.24%) compared to KLMT (3.88%). In terms of maximum drawdown, KLMT dropped -16.87% vs DFAI's -27.44%.

Which ETF is better, KLMT or DFAI?

On 1-year performance, DFAI leads with 26.71% vs 23.90% for KLMT. On fees, KLMT is cheaper at 0.10% per year. On volatility, KLMT has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KLMT or DFAI?

Over the 1-year period, DFAI has performed better with a 26.71% return vs 23.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KLMT or DFAI?

KLMT is cheaper with a 0.10% expense ratio, compared with 0.18% for DFAI.

Which ETF pays a higher dividend yield, KLMT or DFAI?

DFAI has the higher dividend yield at 2.30%, compared with 1.75% for KLMT.

What is the main difference between KLMT and DFAI?

KLMT is categorized as Global Equities, while DFAI is Foreign Large Cap Equities. They also come from different issuers: Invesco and Dimensional. Their fees differ too: 0.10% for KLMT and 0.18% for DFAI.

Which has better risk-adjusted returns?

DFAI currently has the higher Sharpe Ratio (1.82 vs 1.65), 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.