MKAM vs. USAF
MKAM (MKAM ETF) and USAF (Atlas America Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past year, MKAM returned 13.71% vs 4.92% for USAF. At a 0.21 correlation, their price movements are largely independent. MKAM charges 0.96%/yr vs 0.89%/yr for USAF.
Performance
MKAM vs. USAF - Performance Comparison
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Returns By Period
In the year-to-date period, MKAM achieves a 4.60% return, which is significantly higher than USAF's 1.28% return.
MKAM
- 1D
- -0.24%
- 1M
- 0.09%
- YTD
- 4.60%
- 6M
- 4.47%
- 1Y
- 13.71%
- 3Y*
- 9.89%
- 5Y*
- —
- 10Y*
- —
USAF
- 1D
- 0.03%
- 1M
- -1.28%
- YTD
- 1.28%
- 6M
- 0.80%
- 1Y
- 4.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MKAM vs. USAF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MKAM MKAM ETF | 4.60% | 8.07% | -0.15% |
USAF Atlas America Fund | 1.28% | 9.09% | 0.18% |
Correlation
The correlation between MKAM and USAF is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2024 | 0.22 |
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Return for Risk
MKAM vs. USAF — Risk / Return Rank
MKAM
USAF
MKAM vs. USAF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MKAM ETF (MKAM) and Atlas America Fund (USAF). 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.
| MKAM | USAF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.16 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 1.11 | +2.59 |
| Martin ratioReturn relative to average drawdown | 13.59 | 2.45 | +11.14 |
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Drawdowns
MKAM vs. USAF - Drawdown Comparison
The maximum MKAM drawdown since its inception was -5.01%, which is greater than USAF's maximum drawdown of -4.46%. Use the drawdown chart below to compare losses from any high point for MKAM and USAF.
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Drawdown Indicators
| MKAM | USAF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.01% | -4.46% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -4.46% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -4.17% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -1.16% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.01% | -1.00% |
Volatility
MKAM vs. USAF - Volatility Comparison
MKAM ETF (MKAM) has a higher volatility of 2.30% compared to Atlas America Fund (USAF) at 0.92%. This indicates that MKAM's price experiences larger fluctuations and is considered to be riskier than USAF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKAM | USAF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 0.92% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.90% | 4.77% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 5.97% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 5.63% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 5.63% | +0.67% |
MKAM vs. USAF - Expense Ratio Comparison
MKAM has a 0.96% expense ratio, which is higher than USAF's 0.89% expense ratio.
Dividends
MKAM vs. USAF - Dividend Comparison
MKAM's dividend yield for the trailing twelve months is around 2.92%, more than USAF's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MKAM MKAM ETF | 2.92% | 2.56% | 1.88% | 1.70% |
USAF Atlas America Fund | 2.47% | 2.50% | 0.00% | 0.00% |
Frequently Asked Questions
MKAM and USAF have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKAM has higher volatility (2.30%) compared to USAF (0.92%). In terms of maximum drawdown, MKAM dropped -5.01% vs USAF's -4.46%.
On 1-year performance, MKAM leads with 13.71% vs 4.92% for USAF. On fees, USAF is cheaper at 0.89% per year. On volatility, USAF has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MKAM has performed better with a 13.71% return vs 4.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USAF is cheaper with a 0.89% expense ratio, compared with 0.96% for MKAM.
MKAM has the higher dividend yield at 2.92%, compared with 2.47% for USAF.
They also come from different issuers: MKAM and Atlas. Their fees differ too: 0.96% for MKAM and 0.89% for USAF.
MKAM currently has the higher Sharpe Ratio (2.16 vs 0.83), 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.
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