VEGA vs. GKAT
VEGA (AdvisorShares STAR Global Buy-Write ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. A 0.67 correlation means they provide meaningful diversification when combined. VEGA charges 2.02%/yr vs 0.59%/yr for GKAT.
Performance
VEGA vs. GKAT - Performance Comparison
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Returns By Period
In the year-to-date period, VEGA achieves a 7.10% return, which is significantly lower than GKAT's 9.70% return.
VEGA
- 1D
- -0.52%
- 1M
- 3.04%
- YTD
- 7.10%
- 6M
- 6.87%
- 1Y
- 18.86%
- 3Y*
- 13.94%
- 5Y*
- 7.25%
- 10Y*
- 7.95%
GKAT
- 1D
- -0.69%
- 1M
- 4.59%
- YTD
- 9.70%
- 6M
- 12.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEGA vs. GKAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 7.10% | 5.13% |
GKAT Scharf Global Opportunity ETF | 9.70% | 6.04% |
Correlation
The correlation between VEGA and GKAT is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025 | 0.67 |
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Return for Risk
VEGA vs. GKAT — Risk / Return Rank
VEGA
GKAT
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.
| VEGA | GKAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | — | — |
| Martin ratioReturn relative to average drawdown | 12.41 | — | — |
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
| VEGA | GKAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.82 | -1.29 |
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.
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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 | -0.52% | -0.97% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -2.07% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | — | — |
Volatility
VEGA vs. GKAT - Volatility Comparison
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Volatility by Period
| VEGA | GKAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.45% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.06% | 11.97% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 11.97% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.70% | 11.97% | +0.73% |
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 1.25%, more than GKAT's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GKAT Scharf Global Opportunity ETF | 0.44% | 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 | 1.25% | 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 0.67, 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 1.25%, compared with 0.44% 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.
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