RAIIX vs. KGGAX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Kopernik Global All-Cap Fund Class A (KGGAX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. KGGAX is managed by Kopernik. It was launched on Nov 1, 2013.
Performance
RAIIX vs. KGGAX - Performance Comparison
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RAIIX vs. KGGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 0.78% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 24.94% | -18.03% | 42.04% |
KGGAX Kopernik Global All-Cap Fund Class A | 7.29% | 64.46% | -4.79% | 13.08% | -9.24% | 16.59% | 36.89% | 9.76% | -11.34% | 8.77% |
Returns By Period
In the year-to-date period, RAIIX achieves a 0.78% return, which is significantly lower than KGGAX's 7.29% return. Over the past 10 years, RAIIX has underperformed KGGAX with an annualized return of 7.92%, while KGGAX has yielded a comparatively higher 14.57% annualized return.
RAIIX
- 1D
- 2.96%
- 1M
- -8.84%
- YTD
- 0.78%
- 6M
- 0.44%
- 1Y
- 25.58%
- 3Y*
- 9.07%
- 5Y*
- 1.26%
- 10Y*
- 7.92%
KGGAX
- 1D
- 2.57%
- 1M
- -7.09%
- YTD
- 7.29%
- 6M
- 14.89%
- 1Y
- 54.61%
- 3Y*
- 22.34%
- 5Y*
- 12.91%
- 10Y*
- 14.57%
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RAIIX vs. KGGAX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is lower than KGGAX's 1.26% expense ratio.
Return for Risk
RAIIX vs. KGGAX — Risk / Return Rank
RAIIX
KGGAX
RAIIX vs. KGGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and Kopernik Global All-Cap Fund Class A (KGGAX). 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.
| RAIIX | KGGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 3.54 | -1.87 |
Sortino ratioReturn per unit of downside risk | 2.27 | 4.19 | -1.91 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.63 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 5.00 | -2.89 |
Martin ratioReturn relative to average drawdown | 8.42 | 18.23 | -9.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RAIIX | KGGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 3.54 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.86 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.97 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.61 | -0.03 |
Correlation
The correlation between RAIIX and KGGAX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RAIIX vs. KGGAX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.80%, less than KGGAX's 15.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 2.80% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
KGGAX Kopernik Global All-Cap Fund Class A | 15.02% | 16.11% | 1.04% | 8.29% | 13.22% | 9.00% | 4.59% | 2.72% | 0.00% | 4.12% | 3.09% | 0.40% |
Drawdowns
RAIIX vs. KGGAX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, smaller than the maximum KGGAX drawdown of -45.27%. Use the drawdown chart below to compare losses from any high point for RAIIX and KGGAX.
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Drawdown Indicators
| RAIIX | KGGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -45.27% | +5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -10.63% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -26.59% | -13.28% |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | -31.90% | -7.97% |
Current DrawdownCurrent decline from peak | -9.39% | -7.14% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -9.76% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.92% | +0.08% |
Volatility
RAIIX vs. KGGAX - Volatility Comparison
Manning & Napier Rainier International Discovery Series (RAIIX) has a higher volatility of 6.99% compared to Kopernik Global All-Cap Fund Class A (KGGAX) at 6.36%. This indicates that RAIIX's price experiences larger fluctuations and is considered to be riskier than KGGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | KGGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 6.36% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 12.51% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 15.41% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 15.10% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 15.08% | +1.79% |