KOV.AX vs. COST

Last updated Jun 4, 2026

KOV.AX (Korvest Ltd) and COST (Costco Wholesale Corporation) are both stocks. KOV.AX operates in Metal Fabrication (Industrials), while COST operates in Discount Stores (Consumer Defensive). Over the past 10 years, KOV.AX returned 32.13%/yr vs 22.75%/yr for COST. At a correlation of -0.03, they often move in opposite directions.

Performance

KOV.AX vs. COST - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Korvest Ltd (KOV.AX) and Costco Wholesale Corporation (COST). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

KOV.AX is traded in AUD, while COST is traded in USD. To make them comparable, the COST values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, KOV.AX achieves a 45.27% return, which is significantly higher than COST's 4.70% return. Over the past 10 years, KOV.AX has outperformed COST with an annualized return of 32.13%, while COST has yielded a comparatively lower 22.75% annualized return.

KOV.AX

• 1D: -0.55%
• 1M: 33.20%
• YTD: 45.27%
• 6M: 44.96%
• 1Y: 96.54%
• 3Y*: 49.71%
• 5Y*: 41.13%
• 10Y*: 32.13%

COST

• 1D: 1.26%
• 1M: -4.52%
• YTD: 4.70%
• 6M: -3.16%
• 1Y: -16.90%
• 3Y*: 21.86%
• 5Y*: 23.26%
• 10Y*: 22.75%

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

KOV.AX vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KOV.AX Korvest Ltd	45.27%	44.34%	31.45%	13.84%	13.06%	59.50%	51.60%	45.28%	17.25%	4.76%
COST Costco Wholesale Corporation	4.70%	-12.26%	53.67%	49.12%	-13.70%	60.72%	21.02%	46.38%	22.46%	13.05%

Correlation

The correlation between KOV.AX and COST is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.05
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Jul 2, 2007	-0.03

Return for Risk

KOV.AX vs. COST — Risk / Return Rank

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

KOV.AX

KOV.AX Risk / Return Rank: 95
KOV.AX Sharpe Ratio Rank: 96
KOV.AX Sortino Ratio Rank: 95
KOV.AX Omega Ratio Rank: 96
KOV.AX Calmar Ratio Rank: 92
KOV.AX Martin Ratio Rank: 95

COST

COST Risk / Return Rank: 22
COST Sharpe Ratio Rank: 21
COST Sortino Ratio Rank: 19
COST Omega Ratio Rank: 20
COST Calmar Ratio Rank: 26
COST Martin Ratio Rank: 23

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.

KOV.AX vs. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Korvest Ltd (KOV.AX) and Costco Wholesale Corporation (COST). 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.

	KOV.AX	COST	Difference
Sharpe ratio: Return per unit of total volatility	3.52	-0.81	+4.32
Sortino ratio: Return per unit of downside risk	4.13	-1.06	+5.19
Omega ratio: Gain probability vs. loss probability	1.62	0.88	+0.74
Calmar ratio: Return relative to maximum drawdown	5.31	-0.80	+6.11
Martin ratio: Return relative to average drawdown	20.74	-1.36	+22.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KOV.AX vs. COST - Sharpe Ratio Comparison

The current KOV.AX Sharpe Ratio is 3.52, which is higher than the COST Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of KOV.AX and COST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KOV.AX	COST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.52	-0.81	+4.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.46	1.04	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	1.03	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.87	-0.32

Drawdowns

KOV.AX vs. COST - Drawdown Comparison

The maximum KOV.AX drawdown since its inception was -66.10%, which is greater than COST's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for KOV.AX and COST.

Drawdown Indicators

	KOV.AX	COST	Difference
Max Drawdown Largest peak-to-trough decline	-66.10%	-35.67%	-30.43%
Max Drawdown (1Y) Largest decline over 1 year	-18.00%	-21.08%	+3.08%
Max Drawdown (3Y) Largest decline over 3 years	-18.00%	-24.87%	+6.87%
Max Drawdown (5Y) Largest decline over 5 years	-18.79%	-27.13%	+8.34%
Max Drawdown (10Y) Largest decline over 10 years	-36.74%	-27.13%	-9.61%
Current Drawdown Current decline from peak	-0.55%	-20.30%	+19.75%
Average Drawdown Average peak-to-trough decline	-15.33%	-8.79%	-6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	13.05%	-8.45%

Volatility

KOV.AX vs. COST - Volatility Comparison

The current volatility for Korvest Ltd (KOV.AX) is 8.81%, while Costco Wholesale Corporation (COST) has a volatility of 9.36%. This indicates that KOV.AX experiences smaller price fluctuations and is considered to be less risky than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KOV.AX	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	9.36%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	22.99%	16.51%	+6.48%
Volatility (1Y) Calculated over the trailing 1-year period	27.18%	21.00%	+6.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.14%	22.47%	+5.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.60%	22.10%	+10.50%

Dividends

KOV.AX vs. COST - Dividend Comparison

KOV.AX's dividend yield for the trailing twelve months is around 3.75%, more than COST's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COST Costco Wholesale Corporation	0.56%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
KOV.AX Korvest Ltd	3.75%	5.37%	6.33%	7.21%	7.63%	4.67%	5.60%	6.29%	4.65%	5.63%	8.62%	10.55%

Financials

Frequently Asked Questions

Can I hold both KOV.AX and COST in my portfolio?

KOV.AX and COST have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.