VFSAX vs. KGGAX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) and Kopernik Global All-Cap Fund Class A (KGGAX).

VFSAX is managed by Vanguard. It was launched on Feb 7, 2019. KGGAX is managed by Kopernik. It was launched on Nov 1, 2013.

Performance

VFSAX vs. KGGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) and Kopernik Global All-Cap Fund Class A (KGGAX). The values are adjusted to include any dividend payments, if applicable.

VFSAX vs. KGGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	1.27%	29.89%	2.58%	15.13%	-21.30%	12.68%	11.90%	13.47%
KGGAX Kopernik Global All-Cap Fund Class A	7.29%	64.46%	-4.79%	13.08%	-9.24%	16.59%	36.89%	3.47%

Returns By Period

In the year-to-date period, VFSAX achieves a 1.27% return, which is significantly lower than KGGAX's 7.29% return.

VFSAX

• 1D: 2.40%
• 1M: -8.22%
• YTD: 1.27%
• 6M: 3.64%
• 1Y: 29.20%
• 3Y*: 13.60%
• 5Y*: 5.33%
• 10Y*: —

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%

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

VFSAX vs. KGGAX - Expense Ratio Comparison

VFSAX has a 0.16% expense ratio, which is lower than KGGAX's 1.26% expense ratio.

KGGAX

Kopernik Global All-Cap Fund Class A

VFSAX

Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares

Return for Risk

VFSAX vs. KGGAX — Risk / Return Rank

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

VFSAX

VFSAX Risk / Return Rank: 90
VFSAX Sharpe Ratio Rank: 93
VFSAX Sortino Ratio Rank: 90
VFSAX Omega Ratio Rank: 89
VFSAX Calmar Ratio Rank: 89
VFSAX Martin Ratio Rank: 88

KGGAX

KGGAX Risk / Return Rank: 98
KGGAX Sharpe Ratio Rank: 99
KGGAX Sortino Ratio Rank: 97
KGGAX Omega Ratio Rank: 97
KGGAX Calmar Ratio Rank: 98
KGGAX Martin Ratio Rank: 97

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.

VFSAX vs. KGGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) 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.

	VFSAX	KGGAX	Difference
Sharpe ratio Return per unit of total volatility	2.06	3.54	-1.49
Sortino ratio Return per unit of downside risk	2.63	4.19	-1.56
Omega ratio Gain probability vs. loss probability	1.41	1.63	-0.23
Calmar ratio Return relative to maximum drawdown	2.49	5.00	-2.52
Martin ratio Return relative to average drawdown	9.78	18.23	-8.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFSAX vs. KGGAX - Sharpe Ratio Comparison

The current VFSAX Sharpe Ratio is 2.06, which is lower than the KGGAX Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of VFSAX and KGGAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VFSAX	KGGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	3.54	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.86	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.61	-0.13

Correlation

The correlation between VFSAX and KGGAX is 0.69, 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

VFSAX vs. KGGAX - Dividend Comparison

VFSAX's dividend yield for the trailing twelve months is around 3.27%, less than KGGAX's 15.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	3.27%	3.31%	3.36%	3.06%	2.22%	2.67%	1.85%	3.19%	0.00%	0.00%	0.00%	0.00%
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

VFSAX vs. KGGAX - Drawdown Comparison

The maximum VFSAX drawdown since its inception was -39.86%, smaller than the maximum KGGAX drawdown of -45.27%. Use the drawdown chart below to compare losses from any high point for VFSAX and KGGAX.

Drawdown Indicators

	VFSAX	KGGAX	Difference
Max Drawdown Largest peak-to-trough decline	-39.86%	-45.27%	+5.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-10.63%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-33.81%	-26.59%	-7.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.90%	—
Current Drawdown Current decline from peak	-9.36%	-7.14%	-2.22%
Average Drawdown Average peak-to-trough decline	-9.42%	-9.76%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.92%	0.00%

Volatility

VFSAX vs. KGGAX - Volatility Comparison

Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) and Kopernik Global All-Cap Fund Class A (KGGAX) have volatilities of 6.64% and 6.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFSAX	KGGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	6.36%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	12.51%	-2.40%
Volatility (1Y) Calculated over the trailing 1-year period	14.58%	15.41%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	15.10%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	15.08%	+1.95%