WAIOX vs. KGGAX
WAIOX (Wasatch International Opportunities Fund) and KGGAX (Kopernik Global All-Cap Fund Class A) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, WAIOX returned 3.49%/yr vs 11.52%/yr for KGGAX. Their 0.47 correlation means their historical movements had little consistent relationship. WAIOX charges 1.96%/yr vs 1.26%/yr for KGGAX.
Performance
WAIOX vs. KGGAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with WAIOX having a 5.03% return and KGGAX slightly higher at 5.12%. Over the past 10 years, WAIOX has underperformed KGGAX with an annualized return of 3.49%, while KGGAX has yielded a comparatively higher 11.52% annualized return.
WAIOX
- 1D
- 1.62%
- 1M
- -3.09%
- 6M
- 4.44%
- YTD
- 5.03%
- 1Y
- -3.01%
- 3Y*
- 3.33%
- 5Y*
- -7.01%
- 10Y*
- 3.49%
- ALL TIME*
- 6.80%
KGGAX
- 1D
- 1.42%
- 1M
- 3.40%
- 6M
- -3.52%
- YTD
- 5.12%
- 1Y
- 29.50%
- 3Y*
- 20.42%
- 5Y*
- 11.38%
- 10Y*
- 11.52%
- ALL TIME*
- 9.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WAIOX vs. KGGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAIOX Wasatch International Opportunities Fund | 5.03% | 2.57% | -4.49% | 10.64% | -36.63% | -1.36% | 41.75% | 32.19% | -14.69% | 27.69% |
KGGAX Kopernik Global All-Cap Fund Class A | 5.12% | 64.46% | -4.79% | 13.08% | -9.24% | 16.59% | 36.89% | 9.76% | -11.34% | 8.77% |
Correlation
The correlation between WAIOX and KGGAX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | 0.47 |
The correlation between WAIOX and KGGAX has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
WAIOX vs. KGGAX — Risk / Return Rank
WAIOX
KGGAX
WAIOX vs. KGGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch International Opportunities Fund (WAIOX) 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.
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.
| WAIOX | KGGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.32 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.13 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.43 | 5.24 | -5.67 |
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Drawdowns
WAIOX vs. KGGAX - Drawdown Comparison
The maximum WAIOX drawdown since its inception was -68.04%, which is greater than KGGAX's maximum drawdown of -45.27%. Use the drawdown chart below to compare losses from any high point for WAIOX and KGGAX.
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Drawdown Indicators
| WAIOX | KGGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.04% | -45.27% | -22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -18.18% | -13.34% | -4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -21.23% | -13.53% | -7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -50.21% | -26.59% | -23.62% |
Max Drawdown (10Y)Largest decline over 10 years | -50.21% | -31.90% | -18.31% |
Current DrawdownCurrent decline from peak | -34.76% | -9.02% | -25.74% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -9.68% | -7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.71% | 5.41% | +2.30% |
Volatility
WAIOX vs. KGGAX - Volatility Comparison
Wasatch International Opportunities Fund (WAIOX) has a higher volatility of 4.80% compared to Kopernik Global All-Cap Fund Class A (KGGAX) at 3.44%. This indicates that WAIOX's price experiences larger fluctuations and is considered to be riskier than KGGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAIOX | KGGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 3.44% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 12.66% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 15.58% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 15.22% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 14.94% | +1.65% |
WAIOX vs. KGGAX - Expense Ratio Comparison
WAIOX has a 1.96% expense ratio, which is higher than KGGAX's 1.26% expense ratio.
Dividends
WAIOX vs. KGGAX - Dividend Comparison
WAIOX's dividend yield for the trailing twelve months is around 65.02%, more than KGGAX's 15.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KGGAX Kopernik Global All-Cap Fund Class A | 15.33% | 16.11% | 1.04% | 8.29% | 13.22% | 9.00% | 4.59% | 2.72% | 0.00% | 4.12% | 3.09% | 0.40% |
WAIOX Wasatch International Opportunities Fund | 65.02% | 68.29% | 0.00% | 0.00% | 0.00% | 14.35% | 1.98% | 2.38% | 2.73% | 7.00% | 0.00% | 4.76% |
Frequently Asked Questions
WAIOX and KGGAX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAIOX has higher volatility (4.80%) compared to KGGAX (3.44%). In terms of maximum drawdown, WAIOX dropped -68.04% vs KGGAX's -45.27%.
KGGAX currently has the higher Sharpe Ratio (1.83 vs -0.22), 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.
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