KLMT vs. GKAT

Last updated Apr 16, 2026

KLMT (Invesco MSCI Global Climate 500 ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. A 0.69 correlation means they provide meaningful diversification when combined. 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 5.10% return, which is significantly higher than GKAT's 4.38% return.

KLMT

• 1D: 0.59%
• 1M: 5.58%
• YTD: 5.10%
• 6M: 7.99%
• 1Y: 32.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GKAT

• 1D: 0.02%
• 1M: 2.67%
• YTD: 4.38%
• 6M: 6.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLMT vs. GKAT - Yearly Performance Comparison

	2026 (YTD)	2025
KLMT Invesco MSCI Global Climate 500 ETF	5.10%	6.36%
GKAT Scharf Global Opportunity ETF	4.38%	6.04%

Correlation

The correlation between KLMT and GKAT is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025	0.69

Return for Risk

KLMT vs. GKAT — Risk / Return Rank

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

KLMT

KLMT Risk / Return Rank: 71
KLMT Sharpe Ratio Rank: 74
KLMT Sortino Ratio Rank: 73
KLMT Omega Ratio Rank: 73
KLMT Calmar Ratio Rank: 61
KLMT Martin Ratio Rank: 72

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.

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.

	KLMT	GKAT	Difference
Sharpe ratio Return per unit of total volatility	2.56	—	—
Sortino ratio Return per unit of downside risk	3.55	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	3.57	—	—
Martin ratio Return relative to average drawdown	15.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KLMT	GKAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	1.42	-0.31

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	0.00%	-3.84%	+3.84%
Average Drawdown Average peak-to-trough decline	-2.02%	-2.10%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	—	—

Volatility

Volatility by Period

	KLMT	GKAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	12.27%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	12.27%	+3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	12.27%	+3.78%

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 1.86%, more than GKAT's 0.47% yield.

	TTM	2025	2024
KLMT Invesco MSCI Global Climate 500 ETF	1.86%	1.95%	0.85%
GKAT Scharf Global Opportunity ETF	0.47%	0.24%	0.00%