KLMT vs. GKAT

Last updated Aug 2, 2026

KLMT (Invesco MSCI Global Climate 500 ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. KLMT is passively managed, while GKAT is actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. KLMT charges 0.10%/yr vs 0.59%/yr for GKAT.

Performance

KLMT vs. GKAT - Performance Comparison

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

Returns By Period

In the year-to-date period, KLMT achieves a 12.18% return, which is significantly higher than GKAT's 8.41% return.

KLMT

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

GKAT

• 1D: 1.18%
• 1M: 2.09%
• 6M: 5.94%
• YTD: 8.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
GKAT Scharf Global Opportunity ETF	$18.90K	$73.46K	$135.75K
KLMT Invesco MSCI Global Climate 500 ETF	$54.97K	$63.59K	$76.30K

KLMT vs. GKAT - Yearly Performance Comparison

	2026 (YTD)	2025
KLMT Invesco MSCI Global Climate 500 ETF	12.18%	5.80%
GKAT Scharf Global Opportunity ETF	8.41%	5.93%

Correlation

The correlation between KLMT and GKAT is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025	0.70

Return for Risk

KLMT vs. GKAT — 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

GKAT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GKAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Climate 500 ETF (KLMT) and Scharf Global Opportunity ETF (GKAT). 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	GKAT	Difference
Sharpe ratio: Return per unit of total volatility	1.65	—	—
Sortino ratio: Return per unit of downside risk	2.30	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.36	—	—
Martin ratio: Return relative to average drawdown	9.85	—	—

Drawdowns

KLMT vs. GKAT - Drawdown Comparison

The maximum KLMT drawdown since its inception was -16.87%, which is greater than GKAT's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for KLMT and GKAT.

Drawdown Indicators

	KLMT	GKAT	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-10.41%	-6.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	—	—
Current Drawdown Current decline from peak	-0.66%	-2.14%	+1.48%
Average Drawdown Average peak-to-trough decline	-1.87%	-2.28%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	—	—

Volatility

Volatility by Period

	KLMT	GKAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	12.23%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.87%	12.23%	+3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	12.23%	+3.64%

KLMT vs. GKAT - Expense Ratio Comparison

KLMT has a 0.10% expense ratio, which is lower than GKAT's 0.59% expense ratio.

Dividends

KLMT vs. GKAT - Dividend Comparison

KLMT's dividend yield for the trailing twelve months is around 1.75%, more than GKAT's 0.65% yield.

Position	TTM	2025	2024
GKAT Scharf Global Opportunity ETF	0.65%	0.24%	0.00%
KLMT Invesco MSCI Global Climate 500 ETF	1.75%	1.95%	0.85%

Frequently Asked Questions

Can I hold both KLMT and GKAT in my portfolio?

KLMT and GKAT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLMT or GKAT?

On fees, KLMT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLMT or GKAT?

KLMT is cheaper with a 0.10% expense ratio, compared with 0.59% for GKAT.

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

KLMT has the higher dividend yield at 1.75%, compared with 0.65% for GKAT.

What is the main difference between KLMT and GKAT?

They also come from different issuers: Invesco and Scharf Investments. Their fees differ too: 0.10% for KLMT and 0.59% for GKAT.