STEZX vs. KGIIX

Last updated Jun 4, 2026

STEZX (AB International Strategic Equities Portfolio) and KGIIX (Kopernik International Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, STEZX returned 11.07%/yr vs 10.15%/yr for KGIIX. A 0.60 correlation means they provide meaningful diversification when combined. STEZX charges 0.71%/yr vs 1.04%/yr for KGIIX.

Performance

STEZX vs. KGIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB International Strategic Equities Portfolio (STEZX) and Kopernik International Fund (KGIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STEZX achieves a 21.69% return, which is significantly higher than KGIIX's 9.82% return. Over the past 10 years, STEZX has outperformed KGIIX with an annualized return of 11.07%, while KGIIX has yielded a comparatively lower 10.15% annualized return.

STEZX

• 1D: 0.56%
• 1M: 5.25%
• YTD: 21.69%
• 6M: 25.95%
• 1Y: 45.94%
• 3Y*: 27.86%
• 5Y*: 13.07%
• 10Y*: 11.07%

KGIIX

• 1D: 0.16%
• 1M: -0.47%
• YTD: 9.82%
• 6M: 12.86%
• 1Y: 37.40%
• 3Y*: 18.92%
• 5Y*: 8.81%
• 10Y*: 10.15%

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

STEZX vs. KGIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STEZX AB International Strategic Equities Portfolio	21.69%	43.11%	12.75%	13.56%	-17.62%	10.32%	4.38%	19.93%	-14.94%	29.96%
KGIIX Kopernik International Fund	9.82%	54.97%	-7.01%	13.86%	-14.05%	16.62%	18.94%	16.37%	-6.24%	10.50%

Correlation

The correlation between STEZX and KGIIX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.60

The correlation between STEZX and KGIIX shifts across timeframes, from 0.49 (3 years) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

STEZX vs. KGIIX — Risk / Return Rank

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

STEZX

STEZX Risk / Return Rank: 82
STEZX Sharpe Ratio Rank: 85
STEZX Sortino Ratio Rank: 76
STEZX Omega Ratio Rank: 79
STEZX Calmar Ratio Rank: 82
STEZX Martin Ratio Rank: 85

KGIIX

KGIIX Risk / Return Rank: 81
KGIIX Sharpe Ratio Rank: 88
KGIIX Sortino Ratio Rank: 77
KGIIX Omega Ratio Rank: 80
KGIIX Calmar Ratio Rank: 87
KGIIX Martin Ratio Rank: 72

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.

STEZX vs. KGIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB International Strategic Equities Portfolio (STEZX) and Kopernik International Fund (KGIIX). 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.

	STEZX	KGIIX	Difference
Sharpe ratio Return per unit of total volatility	2.78	2.91	-0.13
Sortino ratio Return per unit of downside risk	3.66	3.68	-0.02
Omega ratio Gain probability vs. loss probability	1.52	1.53	-0.01
Calmar ratio Return relative to maximum drawdown	3.81	4.30	-0.49
Martin ratio Return relative to average drawdown	16.17	13.73	+2.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STEZX vs. KGIIX - Sharpe Ratio Comparison

The current STEZX Sharpe Ratio is 2.78, which is comparable to the KGIIX Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of STEZX and KGIIX, 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

	STEZX	KGIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	2.91	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.67	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.81	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.93	-0.26

Drawdowns

STEZX vs. KGIIX - Drawdown Comparison

The maximum STEZX drawdown since its inception was -36.51%, which is greater than KGIIX's maximum drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for STEZX and KGIIX.

Drawdown Indicators

	STEZX	KGIIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.51%	-27.81%	-8.70%
Max Drawdown (1Y) Largest decline over 1 year	-12.02%	-8.76%	-3.26%
Max Drawdown (3Y) Largest decline over 3 years	-14.01%	-13.58%	-0.43%
Max Drawdown (5Y) Largest decline over 5 years	-29.85%	-27.81%	-2.04%
Max Drawdown (10Y) Largest decline over 10 years	-36.51%	-27.81%	-8.70%
Current Drawdown Current decline from peak	0.00%	-4.26%	+4.26%
Average Drawdown Average peak-to-trough decline	-7.31%	-6.11%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.74%	+0.08%

Volatility

STEZX vs. KGIIX - Volatility Comparison

AB International Strategic Equities Portfolio (STEZX) has a higher volatility of 5.88% compared to Kopernik International Fund (KGIIX) at 2.98%. This indicates that STEZX's price experiences larger fluctuations and is considered to be riskier than KGIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STEZX	KGIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	2.98%	+2.90%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	10.23%	+3.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	12.97%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	13.21%	+3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	12.64%	+3.63%

STEZX vs. KGIIX - Expense Ratio Comparison

STEZX has a 0.71% expense ratio, which is lower than KGIIX's 1.04% expense ratio.

Dividends

STEZX vs. KGIIX - Dividend Comparison

STEZX's dividend yield for the trailing twelve months is around 10.32%, less than KGIIX's 12.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KGIIX Kopernik International Fund	12.99%	14.26%	0.48%	12.56%	2.46%	5.77%	2.89%	2.50%	1.19%	1.35%	0.33%
STEZX AB International Strategic Equities Portfolio	10.32%	12.56%	2.45%	3.08%	4.12%	5.96%	1.29%	2.05%	3.23%	2.92%	1.72%

Frequently Asked Questions

Can I hold both STEZX and KGIIX in my portfolio?

STEZX and KGIIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STEZX or KGIIX?

STEZX has higher volatility (5.88%) compared to KGIIX (2.98%). In terms of maximum drawdown, STEZX dropped -36.51% vs KGIIX's -27.81%.

Which has better risk-adjusted returns?

KGIIX currently has the higher Sharpe Ratio (2.91 vs 2.78), 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.