CGW vs KF
CGW vs KF
Invesco S&P Global Water Index ETF vs The Korea Fund, Inc.
Quick Verdict
KF delivered stronger 1-year returns. CGW offers more diversification with 68 holdings.
Side-by-Side Comparison
| Metric | CGW | KF | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | - | |
| AUM | $1.0B | $285M | |
| Dividend Yield | 1.52% | 1.57% | |
| Holdings | 82 | 52 | |
| YTD Return | +4.92% | +55.19% | |
| 1Y Return | +6.28% | +121.76% | |
| 3Y Return (annualized) | +10.58% | +40.09% | |
| 5Y Return (annualized) | +4.42% | +15.19% | |
| Volatility (annualized) | 17.3% | 43.4% | |
| Max Drawdown | -57.2% | -77.0% | |
| Fund Family | Invesco (US) | The Korea Fund, Inc. (KF) | |
| Category | Equity | Equity | |
| Inception | May 14, 2007 | Aug 29, 1984 |
CGW vs KF Performance
Invesco S&P Global Water Index ETF (CGW) is a ETF from Invesco (US) and The Korea Fund, Inc. (KF) is a ETF from The Korea Fund, Inc. (KF). Over the past year CGW returned +6.28% while KF returned +121.76%. Year to date, CGW is up 4.92% versus a gain of 55.19% for KF.
Over three years, CGW compounded at +10.58% per year against +40.09% for KF; over five years the annualized figures are +4.42% and +15.19% respectively. Across the full 19-year window we track, KF has the edge at +16.27% annualized vs +7.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KF has been the more volatile fund, with annualized monthly volatility of 43.4% compared with 17.3% for CGW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.2% for CGW and -77.0% for KF. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
CGW and KF share 0 holdings out of 117 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, CGW or KF?
Over the past year CGW returned +6.28% vs +121.76% for KF, so KF leads on 1-year performance. Over the longest common window we track (19 years), CGW annualized +7.34% vs +16.27% for KF. Past performance does not guarantee future results.
Which is riskier, CGW or KF?
KF has been the more volatile fund at 43.4% annualized versus 17.3% for CGW. Worst drawdown: CGW -57.2% vs KF -77.0%.
Should I hold both CGW and KF?
CGW and KF have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGW and KF?
CGW and KF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 117 unique securities.
Which pays a higher dividend, CGW or KF?
CGW yields 1.52% while KF yields 1.57%, so KF currently pays the higher dividend yield.
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