KKR Income Opportunities Fund (KIO) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with KIO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KIO
KIO charges 0.04% annually. There are 3 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Short Duration Diversified Income Fund | 0.02% | — | Feb 2005 | KIO vs EVG | |
| MFS Multimarket Income Trust | 0.03% | — | Mar 1987 | KIO vs MMT | |
| Nuveen Multi-Market Income Fund | 0.04% | — | Dec 1988 | KIO vs JMM | |
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | KIO vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | KIO vs VMSAX |
Best Risk-Adjusted Alternatives to KIO
KIO has a PortfoliosLab risk / return rank of 5. There are 96 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | KIO vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | KIO vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | KIO vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | KIO vs RFXIX | |
| Intrepid Income Fund | 97 | — | Jul 2007 | KIO vs ICMUX |
Top Performing KIO Alternatives (YTD)
KIO is at 4.73% YTD. There are 2 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 5.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Brookfield Real Assets Income Fund Inc. | 5.96% | — | — | KIO vs RA | |
| abrdn Income Credit Strategies Fund | 4.98% | — | Jan 2011 | KIO vs ACP | |
| Saba Capital Income & Opportunities Fund | 4.46% | — | Dec 1987 | KIO vs BRW | |
| Western Asset Diversified Income Fund | 3.94% | — | Jun 2021 | KIO vs WDI | |
| Eaton Vance Short Duration Diversified Income Fund | 3.82% | — | Feb 2005 | KIO vs EVG |
Lowest Volatility Alternatives to KIO
KIO has 10.15% 1-year volatility. There are 94 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.18% | — | Nov 2015 | KIO vs NWXHX | |
| Nationwide Strategic Income A | 1.23% | — | Nov 2015 | KIO vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.30% | — | Jul 2016 | KIO vs BWDTX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | KIO vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 1.41% | — | Jan 2018 | KIO vs CBLDX |
Lowest Drawdown Alternatives to KIO
KIO has a 1-year max drawdown of -11.01%. There are 97 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | KIO vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | KIO vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | KIO vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | KIO vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | KIO vs BWDTX |
Often Compared With KIO
Investors most often compare KIO with CBRDX, ANGLX, PAXS. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare KIO with Any Fund or Stock
Compare KIO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KIO with funds that move differently
KKR Income Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KIO.
Explore KIO Diversifiers