GKAT vs IVV
Scharf Global Opportunity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GKAT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | |
| AUM | $161M | $865.2B | |
| Dividend Yield | 0.66% | 1.09% | |
| Holdings | 40 | 508 | |
| YTD Return | +12.12% | +14.50% | |
| 1Y Return | +19.25% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 13.4% | 15.1% | |
| Max Drawdown | -10.4% | -56.5% | |
| Fund Family | Scharf Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 14, 2014 | May 15, 2000 |
GKAT vs IVV Performance
Scharf Global Opportunity ETF (GKAT) is a ETF from Scharf Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GKAT returned +19.25% while IVV returned +22.02%. Year to date, GKAT is up 12.12% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.4% for GKAT. 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 -10.4% for GKAT and -56.5% for IVV. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GKAT charges 0.59% per year while IVV charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, GKAT currently yields 0.66% against 1.09% for IVV.
Holdings Overlap
GKAT and IVV share 19 holdings out of 518 unique holdings combined, representing a 16.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GKAT or IVV?
GKAT has an expense ratio of 0.59% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, GKAT or IVV?
Over the past year GKAT returned +19.25% vs +22.02% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, GKAT or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.4% for GKAT. Worst drawdown: GKAT -10.4% vs IVV -56.5%.
Should I hold both GKAT and IVV?
GKAT and IVV have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GKAT and IVV?
GKAT and IVV share 19 common holdings with a 16.0% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, GKAT or IVV?
GKAT yields 0.66% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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