KOKU vs. GARY

Last updated Jun 6, 2026

KOKU (Xtrackers MSCI Kokusai Equity ETF) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. KOKU is passively managed, while GARY is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. KOKU charges 0.09%/yr vs 0.77%/yr for GARY.

Performance

KOKU vs. GARY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Kokusai Equity ETF (KOKU) and Mango Growth ETF (GARY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KOKU achieves a 7.33% return, which is significantly lower than GARY's 25.28% return.

KOKU

• 1D: -2.72%
• 1M: -0.32%
• YTD: 7.33%
• 6M: 7.81%
• 1Y: 23.41%
• 3Y*: 20.15%
• 5Y*: 11.69%
• 10Y*: —

GARY

• 1D: -4.30%
• 1M: 3.59%
• YTD: 25.28%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KOKU vs. GARY - Yearly Performance Comparison

	2026 (YTD)	2025
KOKU Xtrackers MSCI Kokusai Equity ETF	7.33%	-0.28%
GARY Mango Growth ETF	25.28%	0.25%

Correlation

The correlation between KOKU and GARY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025	0.83

Return for Risk

KOKU vs. GARY — Risk / Return Rank

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

KOKU

KOKU Risk / Return Rank: 60
KOKU Sharpe Ratio Rank: 60
KOKU Sortino Ratio Rank: 59
KOKU Omega Ratio Rank: 59
KOKU Calmar Ratio Rank: 56
KOKU Martin Ratio Rank: 67

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.

KOKU vs. GARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Kokusai Equity ETF (KOKU) and Mango Growth ETF (GARY). 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.

	KOKU	GARY	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.62	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.60	—	—
Martin ratio: Return relative to average drawdown	11.67	—	—
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

	KOKU	GARY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	3.28	-2.21

Drawdowns

KOKU vs. GARY - Drawdown Comparison

The maximum KOKU drawdown since its inception was -25.77%, which is greater than GARY's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for KOKU and GARY.

Drawdown Indicators

	KOKU	GARY	Difference
Max Drawdown Largest peak-to-trough decline	-25.77%	-10.28%	-15.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.77%	—	—
Current Drawdown Current decline from peak	-2.95%	-4.86%	+1.91%
Average Drawdown Average peak-to-trough decline	-4.82%	-1.70%	-3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	—	—

Volatility

Volatility by Period

	KOKU	GARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	20.25%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	20.25%	-3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.84%	20.25%	-3.41%

KOKU vs. GARY - Expense Ratio Comparison

KOKU has a 0.09% expense ratio, which is lower than GARY's 0.77% expense ratio.

Dividends

KOKU vs. GARY - Dividend Comparison

KOKU's dividend yield for the trailing twelve months is around 1.39%, more than GARY's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GARY Mango Growth ETF	0.04%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
KOKU Xtrackers MSCI Kokusai Equity ETF	1.39%	1.48%	1.63%	1.76%	1.98%	1.89%	0.55%

Frequently Asked Questions

Can I hold both KOKU and GARY in my portfolio?

KOKU and GARY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KOKU or GARY?

On fees, KOKU is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KOKU or GARY?

KOKU is cheaper with a 0.09% expense ratio, compared with 0.77% for GARY.

Which ETF pays a higher dividend yield, KOKU or GARY?

KOKU has the higher dividend yield at 1.39%, compared with 0.04% for GARY.

What is the main difference between KOKU and GARY?

They also come from different issuers: Deutsche Bank and Mango. Their fees differ too: 0.09% for KOKU and 0.77% for GARY.