SIVLX vs. KF

Last updated Jul 16, 2026

SIVLX (Seafarer Overseas Value Fund Institutional Class) and KF (The Korea Fund Inc) are both Emerging Markets Equities funds. Over the past 5 years, SIVLX returned 9.33%/yr vs 16.14%/yr for KF. A 0.57 correlation means they provide meaningful diversification when combined. SIVLX charges 1.05%/yr vs 0.01%/yr for KF.

Performance

SIVLX vs. KF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Seafarer Overseas Value Fund Institutional Class (SIVLX) and The Korea Fund Inc (KF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIVLX achieves a 5.36% return, which is significantly lower than KF's 73.21% return.

SIVLX

• 1D: 0.39%
• 1M: -4.18%
• 6M: 2.05%
• YTD: 5.36%
• 1Y: 17.43%
• 3Y*: 12.60%
• 5Y*: 9.33%
• 10Y*: —

KF

• 1D: -3.29%
• 1M: -18.87%
• 6M: 54.42%
• YTD: 73.21%
• 1Y: 131.37%
• 3Y*: 40.09%
• 5Y*: 16.14%
• 10Y*: 14.50%

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

SIVLX vs. KF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SIVLX Seafarer Overseas Value Fund Institutional Class	5.36%	37.79%	-3.34%	13.38%	-0.74%	10.05%	4.05%	21.98%	-13.91%	23.02%
KF The Korea Fund Inc	73.21%	99.36%	-19.29%	12.34%	-30.02%	8.44%	37.14%	6.83%	-19.26%	42.50%

Correlation

The correlation between SIVLX and KF is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.57

The correlation between SIVLX and KF has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.

Return for Risk

SIVLX vs. KF — Risk / Return Rank

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

SIVLX

SIVLX Risk / Return Rank: 30
SIVLX Sharpe Ratio Rank: 35
SIVLX Sortino Ratio Rank: 33
SIVLX Omega Ratio Rank: 40
SIVLX Calmar Ratio Rank: 24
SIVLX Martin Ratio Rank: 20

KF

KF Risk / Return Rank: 90
KF Sharpe Ratio Rank: 95
KF Sortino Ratio Rank: 80
KF Omega Ratio Rank: 84
KF Calmar Ratio Rank: 97
KF Martin Ratio Rank: 95

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.

SIVLX vs. KF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Seafarer Overseas Value Fund Institutional Class (SIVLX) and The Korea Fund Inc (KF). 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.

	SIVLX	KF	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.76	-1.45
Sortino ratio: Return per unit of downside risk	1.84	2.98	-1.14
Omega ratio: Gain probability vs. loss probability	1.26	1.43	-0.18
Calmar ratio: Return relative to maximum drawdown	1.39	5.20	-3.81
Martin ratio: Return relative to average drawdown	3.72	16.75	-13.04

SIVLX vs. KF - Sharpe Ratio Comparison

The current SIVLX Sharpe Ratio is 1.31, which is lower than the KF Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of SIVLX and KF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIVLX vs. KF - Drawdown Comparison

The maximum SIVLX drawdown since its inception was -33.09%, smaller than the maximum KF drawdown of -85.25%. Use the drawdown chart below to compare losses from any high point for SIVLX and KF.

Drawdown Indicators

	SIVLX	KF	Difference
Max Drawdown Largest peak-to-trough decline	-33.09%	-85.25%	+52.16%
Max Drawdown (1Y) Largest decline over 1 year	-12.51%	-25.42%	+12.91%
Max Drawdown (3Y) Largest decline over 3 years	-12.51%	-28.04%	+15.53%
Max Drawdown (5Y) Largest decline over 5 years	-16.39%	-46.83%	+30.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.91%	—
Current Drawdown Current decline from peak	-9.05%	-21.41%	+12.36%
Average Drawdown Average peak-to-trough decline	-5.62%	-37.81%	+32.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	7.87%	-3.21%

Volatility

SIVLX vs. KF - Volatility Comparison

The current volatility for Seafarer Overseas Value Fund Institutional Class (SIVLX) is 4.91%, while The Korea Fund Inc (KF) has a volatility of 21.74%. This indicates that SIVLX experiences smaller price fluctuations and is considered to be less risky than KF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIVLX	KF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	21.74%	-16.83%
Volatility (6M) Calculated over the trailing 6-month period	11.95%	44.84%	-32.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	47.92%	-34.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.02%	29.91%	-17.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	27.15%	-14.46%

SIVLX vs. KF - Expense Ratio Comparison

SIVLX has a 1.05% expense ratio, which is higher than KF's 0.02% expense ratio.

Dividends

SIVLX vs. KF - Dividend Comparison

SIVLX's dividend yield for the trailing twelve months is around 4.79%, more than KF's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KF The Korea Fund Inc	0.70%	1.20%	2.46%	0.00%	15.93%	26.50%	1.30%	0.24%	18.67%	9.75%	1.03%	13.66%
SIVLX Seafarer Overseas Value Fund Institutional Class	4.79%	5.05%	4.23%	2.93%	1.70%	3.56%	1.38%	3.06%	3.30%	3.41%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIVLX and KF in my portfolio?

SIVLX and KF have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIVLX or KF?

KF has higher volatility (21.74%) compared to SIVLX (4.91%). In terms of maximum drawdown, SIVLX dropped -33.09% vs KF's -85.25%.

Which has better risk-adjusted returns?

KF currently has the higher Sharpe Ratio (2.76 vs 1.31), 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.