VHVG.L vs. KGGIX

Last updated Jun 5, 2026

VHVG.L (Vanguard FTSE Developed World UCITS ETF Acc) and KGGIX (Kopernik Global All-Cap Fund) are both funds - VHVG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while KGGIX is a Foreign Small & Mid Cap Equities fund managed by Kopernik. Over the past 5 years, VHVG.L returned 13.30%/yr vs 12.21%/yr for KGGIX. At a 0.36 correlation, their price movements are largely independent. VHVG.L charges 0.12%/yr vs 1.01%/yr for KGGIX.

Performance

VHVG.L vs. KGGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) and Kopernik Global All-Cap Fund (KGGIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VHVG.L is traded in GBP, while KGGIX is traded in USD. To make them comparable, the KGGIX values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VHVG.L achieves a 11.81% return, which is significantly higher than KGGIX's 9.85% return.

VHVG.L

• 1D: -0.07%
• 1M: 5.52%
• YTD: 11.81%
• 6M: 12.27%
• 1Y: 29.87%
• 3Y*: 18.37%
• 5Y*: 13.30%
• 10Y*: —

KGGIX

• 1D: -0.75%
• 1M: -1.63%
• YTD: 9.85%
• 6M: 10.90%
• 1Y: 41.81%
• 3Y*: 19.80%
• 5Y*: 12.21%
• 10Y*: 14.40%

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

VHVG.L vs. KGGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VHVG.L Vanguard FTSE Developed World UCITS ETF Acc	11.81%	13.85%	19.99%	17.54%	-8.66%	23.31%	12.56%	1.61%
KGGIX Kopernik Global All-Cap Fund	9.85%	53.13%	-3.25%	7.76%	1.77%	17.97%	33.20%	-3.81%

Correlation

The correlation between VHVG.L and KGGIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.36

Return for Risk

VHVG.L vs. KGGIX — Risk / Return Rank

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

VHVG.L

VHVG.L Risk / Return Rank: 86
VHVG.L Sharpe Ratio Rank: 88
VHVG.L Sortino Ratio Rank: 88
VHVG.L Omega Ratio Rank: 88
VHVG.L Calmar Ratio Rank: 82
VHVG.L Martin Ratio Rank: 85

KGGIX

KGGIX Risk / Return Rank: 76
KGGIX Sharpe Ratio Rank: 85
KGGIX Sortino Ratio Rank: 70
KGGIX Omega Ratio Rank: 74
KGGIX Calmar Ratio Rank: 84
KGGIX Martin Ratio Rank: 67

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.

VHVG.L vs. KGGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) and Kopernik Global All-Cap Fund (KGGIX). 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.

	VHVG.L	KGGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.90	3.25	-0.35
Sortino ratio: Return per unit of downside risk	3.99	4.07	-0.08
Omega ratio: Gain probability vs. loss probability	1.55	1.59	-0.04
Calmar ratio: Return relative to maximum drawdown	4.29	4.22	+0.07
Martin ratio: Return relative to average drawdown	17.65	14.53	+3.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHVG.L vs. KGGIX - Sharpe Ratio Comparison

The current VHVG.L Sharpe Ratio is 2.90, which is comparable to the KGGIX Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of VHVG.L and KGGIX, 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

	VHVG.L	KGGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	3.25	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	0.95	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.77	+0.12

Drawdowns

VHVG.L vs. KGGIX - Drawdown Comparison

The maximum VHVG.L drawdown since its inception was -25.41%, smaller than the maximum KGGIX drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for VHVG.L and KGGIX.

Drawdown Indicators

	VHVG.L	KGGIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.41%	-34.49%	+9.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-10.19%	+3.25%
Max Drawdown (3Y) Largest decline over 3 years	-17.96%	-10.81%	-7.15%
Max Drawdown (5Y) Largest decline over 5 years	-17.96%	-13.46%	-4.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.93%	—
Current Drawdown Current decline from peak	-0.36%	-5.40%	+5.04%
Average Drawdown Average peak-to-trough decline	-3.28%	-6.73%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.95%	-1.26%

Volatility

VHVG.L vs. KGGIX - Volatility Comparison

The current volatility for Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) is 2.72%, while Kopernik Global All-Cap Fund (KGGIX) has a volatility of 3.22%. This indicates that VHVG.L experiences smaller price fluctuations and is considered to be less risky than KGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHVG.L	KGGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	3.22%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	10.43%	-2.90%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	13.25%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.97%	12.99%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	13.97%	+1.09%

VHVG.L vs. KGGIX - Expense Ratio Comparison

VHVG.L has a 0.12% expense ratio, which is lower than KGGIX's 1.01% expense ratio.

Dividends

VHVG.L vs. KGGIX - Dividend Comparison

VHVG.L has not paid dividends to shareholders, while KGGIX's dividend yield for the trailing twelve months is around 15.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KGGIX Kopernik Global All-Cap Fund	15.04%	16.46%	1.04%	8.60%	13.59%	9.30%	4.81%	3.02%	0.25%	4.40%	3.34%	0.81%
VHVG.L Vanguard FTSE Developed World UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VHVG.L and KGGIX in my portfolio?

VHVG.L and KGGIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.