VEGA vs. GKAT
VEGA (AdvisorShares STAR Global Buy-Write ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. Both are actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. VEGA charges 2.02%/yr vs 0.59%/yr for GKAT.
Performance
VEGA vs. GKAT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VEGA achieves a 8.26% return, which is significantly lower than GKAT's 10.76% return.
VEGA
- 1D
- 1.23%
- 1M
- 1.59%
- 6M
- 5.92%
- YTD
- 8.26%
- 1Y
- 15.47%
- 3Y*
- 13.55%
- 5Y*
- 7.00%
- 10Y*
- 7.65%
- ALL TIME*
- 6.24%
GKAT
- 1D
- 0.78%
- 1M
- 4.31%
- 6M
- 8.78%
- YTD
- 10.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $71.34K | $75.84K | $143.56K | |
| $257.33K | $224.28K | $298.61K |
VEGA vs. GKAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 8.26% | 4.81% |
GKAT Scharf Global Opportunity ETF | 10.76% | 5.93% |
Correlation
The correlation between VEGA and GKAT is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025 | 0.69 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VEGA vs. GKAT — Risk / Return Rank
VEGA
GKAT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VEGA vs. GKAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) and Scharf Global Opportunity ETF (GKAT). 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.
| VEGA | GKAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | — | — |
| Martin ratioReturn relative to average drawdown | 9.44 | — | — |
Loading charts...
Drawdowns
VEGA vs. GKAT - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.37%, which is greater than GKAT's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for VEGA and GKAT.
Loading charts...
Drawdown Indicators
| VEGA | GKAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -10.41% | -17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -2.26% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | — | — |
Volatility
VEGA vs. GKAT - Volatility Comparison
Loading charts...
Volatility by Period
| VEGA | GKAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 12.28% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 12.28% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 12.28% | +0.46% |
VEGA vs. GKAT - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than GKAT's 0.59% expense ratio.
Dividends
VEGA vs. GKAT - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.24%, more than GKAT's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GKAT Scharf Global Opportunity ETF | 0.64% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.24% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% |
Frequently Asked Questions
VEGA and GKAT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GKAT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GKAT is cheaper with a 0.59% expense ratio, compared with 2.02% for VEGA.
VEGA has the higher dividend yield at 1.24%, compared with 0.64% for GKAT.
They also come from different issuers: AdvisorShares and Scharf Investments. Their fees differ too: 2.02% for VEGA and 0.59% for GKAT.
Find the right allocation for VEGA and GKAT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer