WAIOX vs. KGGIX
WAIOX (Wasatch International Opportunities Fund) and KGGIX (Kopernik Global All-Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, WAIOX returned 3.49%/yr vs 11.76%/yr for KGGIX. Their 0.47 correlation means their historical movements had little consistent relationship. WAIOX charges 1.96%/yr vs 1.01%/yr for KGGIX.
Performance
WAIOX vs. KGGIX - 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 KGGIX slightly higher at 5.22%. Over the past 10 years, WAIOX has underperformed KGGIX with an annualized return of 3.49%, while KGGIX has yielded a comparatively higher 11.76% 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%
KGGIX
- 1D
- 1.37%
- 1M
- 3.35%
- 6M
- -3.49%
- YTD
- 5.22%
- 1Y
- 29.73%
- 3Y*
- 20.55%
- 5Y*
- 11.58%
- 10Y*
- 11.76%
- ALL TIME*
- 9.26%
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. KGGIX - 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% |
KGGIX Kopernik Global All-Cap Fund | 5.22% | 64.88% | -4.91% | 13.43% | -9.05% | 16.86% | 37.23% | 10.00% | -11.07% | 8.98% |
Correlation
The correlation between WAIOX and KGGIX 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. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | 0.47 |
The correlation between WAIOX and KGGIX 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. KGGIX — Risk / Return Rank
WAIOX
KGGIX
WAIOX vs. KGGIX - 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 (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.
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 | KGGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.32 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.16 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.43 | 5.32 | -5.75 |
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Drawdowns
WAIOX vs. KGGIX - Drawdown Comparison
The maximum WAIOX drawdown since its inception was -68.04%, which is greater than KGGIX's maximum drawdown of -45.11%. Use the drawdown chart below to compare losses from any high point for WAIOX and KGGIX.
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Drawdown Indicators
| WAIOX | KGGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.04% | -45.11% | -22.93% |
Max Drawdown (1Y)Largest decline over 1 year | -18.18% | -13.27% | -4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -21.23% | -13.76% | -7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -50.21% | -26.43% | -23.78% |
Max Drawdown (10Y)Largest decline over 10 years | -50.21% | -31.59% | -18.62% |
Current DrawdownCurrent decline from peak | -34.76% | -8.97% | -25.79% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -9.52% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.71% | 5.37% | +2.34% |
Volatility
WAIOX vs. KGGIX - Volatility Comparison
Wasatch International Opportunities Fund (WAIOX) has a higher volatility of 4.80% compared to Kopernik Global All-Cap Fund (KGGIX) at 3.39%. This indicates that WAIOX's price experiences larger fluctuations and is considered to be riskier than KGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAIOX | KGGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 3.39% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 12.65% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 15.60% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 15.29% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 14.96% | +1.63% |
WAIOX vs. KGGIX - Expense Ratio Comparison
WAIOX has a 1.96% expense ratio, which is higher than KGGIX's 1.01% expense ratio.
Dividends
WAIOX vs. KGGIX - Dividend Comparison
WAIOX's dividend yield for the trailing twelve months is around 65.02%, more than KGGIX's 15.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KGGIX Kopernik Global All-Cap Fund | 15.64% | 16.46% | 1.04% | 8.60% | 13.59% | 9.30% | 4.81% | 3.02% | 0.25% | 4.40% | 3.34% | 0.81% |
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 KGGIX 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 KGGIX (3.39%). In terms of maximum drawdown, WAIOX dropped -68.04% vs KGGIX's -45.11%.
KGGIX currently has the higher Sharpe Ratio (1.84 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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