WSGE vs. KLMT

Last updated Jul 2, 2026

WSGE (Warren Street Global Equity ETF) and KLMT (Invesco MSCI Global Climate 500 ETF) are both Global Equities funds. WSGE is actively managed, while KLMT is passively managed. With a 0.98 correlation, they move nearly in lockstep. WSGE charges 0.80%/yr vs 0.10%/yr for KLMT.

Performance

WSGE vs. KLMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Warren Street Global Equity ETF (WSGE) and Invesco MSCI Global Climate 500 ETF (KLMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with WSGE having a 11.68% return and KLMT slightly lower at 11.46%.

WSGE

• 1D: -0.72%
• 1M: -0.63%
• 6M: 11.68%
• YTD: 11.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KLMT

• 1D: -0.85%
• 1M: -0.75%
• 6M: 11.46%
• YTD: 11.46%
• 1Y: 22.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WSGE vs. KLMT - Yearly Performance Comparison

	2026 (YTD)	2025
WSGE Warren Street Global Equity ETF	11.68%	0.11%
KLMT Invesco MSCI Global Climate 500 ETF	11.46%	0.87%

Correlation

The correlation between WSGE and KLMT is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.98

Return for Risk

WSGE vs. KLMT — Risk / Return Rank

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

WSGE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KLMT

KLMT Risk / Return Rank: 61
KLMT Sharpe Ratio Rank: 60
KLMT Sortino Ratio Rank: 60
KLMT Omega Ratio Rank: 59
KLMT Calmar Ratio Rank: 57
KLMT Martin Ratio Rank: 66

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.

WSGE vs. KLMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Warren Street Global Equity ETF (WSGE) and Invesco MSCI Global Climate 500 ETF (KLMT). 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.

	WSGE	KLMT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.38	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.39	—
Martin ratio: Return relative to average drawdown	—	10.06	—

Drawdowns

WSGE vs. KLMT - Drawdown Comparison

The maximum WSGE drawdown since its inception was -9.25%, smaller than the maximum KLMT drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for WSGE and KLMT.

Drawdown Indicators

	WSGE	KLMT	Difference
Max Drawdown Largest peak-to-trough decline	-9.25%	-16.87%	+7.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.54%	—
Current Drawdown Current decline from peak	-1.09%	-1.29%	+0.20%
Average Drawdown Average peak-to-trough decline	-1.63%	-1.90%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.26%	—

Volatility

Volatility by Period

	WSGE	KLMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	13.37%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	15.98%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	15.98%	-0.31%

WSGE vs. KLMT - Expense Ratio Comparison

WSGE has a 0.80% expense ratio, which is higher than KLMT's 0.10% expense ratio.

Dividends

WSGE vs. KLMT - Dividend Comparison

WSGE's dividend yield for the trailing twelve months is around 0.24%, less than KLMT's 1.77% yield.

Position	TTM	2025	2024
KLMT Invesco MSCI Global Climate 500 ETF	1.77%	1.95%	0.85%
WSGE Warren Street Global Equity ETF	0.24%	0.27%	0.00%

Frequently Asked Questions

Can I hold both WSGE and KLMT in my portfolio?

With a correlation of 0.98, WSGE and KLMT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, WSGE or KLMT?

On fees, KLMT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WSGE or KLMT?

KLMT is cheaper with a 0.10% expense ratio, compared with 0.80% for WSGE.

Which ETF pays a higher dividend yield, WSGE or KLMT?

KLMT has the higher dividend yield at 1.77%, compared with 0.24% for WSGE.

What is the main difference between WSGE and KLMT?

They also come from different issuers: Warren Street and Invesco. Their fees differ too: 0.80% for WSGE and 0.10% for KLMT.