CG vs. KKR

Last updated Jun 9, 2026

CG (The Carlyle Group Inc.) and KKR (KKR & Co. Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, CG returned 15.91%/yr vs 23.50%/yr for KKR. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

CG vs. KKR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Carlyle Group Inc. (CG) and KKR & Co. Inc. (KKR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CG achieves a -25.27% return, which is significantly higher than KKR's -26.61% return. Over the past 10 years, CG has underperformed KKR with an annualized return of 15.91%, while KKR has yielded a comparatively higher 23.50% annualized return.

CG

• 1D: 0.21%
• 1M: -13.31%
• YTD: -25.27%
• 6M: -21.43%
• 1Y: -3.38%
• 3Y*: 16.77%
• 5Y*: 3.15%
• 10Y*: 15.91%

KKR

• 1D: -0.20%
• 1M: -8.90%
• YTD: -26.61%
• 6M: -28.16%
• 1Y: -23.96%
• 3Y*: 19.93%
• 5Y*: 11.96%
• 10Y*: 23.50%

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

CG vs. KKR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CG The Carlyle Group Inc.	-25.27%	20.20%	28.05%	42.55%	-43.78%	78.46%	1.62%	116.75%	-27.28%	59.83%
KKR KKR & Co. Inc.	-26.61%	-13.32%	79.65%	80.48%	-36.98%	85.76%	41.13%	51.57%	-4.28%	41.78%

Correlation

The correlation between CG and KKR is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 4, 2012	0.65

The correlation between CG and KKR shifts across timeframes, from 0.65 (all time) to 0.78 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CG : $15.65B KKR : $88.94B
EPS CG : $1.48 KKR : $3.10
PE Ratio CG : 29.43 KKR : 30.04
PEG Ratio CG : 0.18 KKR : 3.17
PS Ratio CG : 4.03 KKR : 4.45
PB Ratio CG : 2.12 KKR : 1.10
Total Revenue (TTM) CG : $3.99B KKR : $19.99B
Gross Profit (TTM) CG : $2.92B KKR : $8.35B
EBITDA (TTM) CG : $1.01B KKR : $9.97B

Return for Risk

CG vs. KKR — Risk / Return Rank

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

CG

CG Risk / Return Rank: 37
CG Sharpe Ratio Rank: 38
CG Sortino Ratio Rank: 34
CG Omega Ratio Rank: 33
CG Calmar Ratio Rank: 39
CG Martin Ratio Rank: 39

KKR

KKR Risk / Return Rank: 18
KKR Sharpe Ratio Rank: 14
KKR Sortino Ratio Rank: 16
KKR Omega Ratio Rank: 16
KKR Calmar Ratio Rank: 23
KKR Martin Ratio Rank: 22

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.

CG vs. KKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Carlyle Group Inc. (CG) and KKR & Co. Inc. (KKR). 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.

	CG	KKR	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	-0.65	+0.55
Sortino ratio: Return per unit of downside risk	0.12	-0.74	+0.85
Omega ratio: Gain probability vs. loss probability	1.01	0.91	+0.10
Calmar ratio: Return relative to maximum drawdown	-0.09	-0.54	+0.45
Martin ratio: Return relative to average drawdown	-0.18	-0.99	+0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CG vs. KKR - Sharpe Ratio Comparison

The current CG Sharpe Ratio is -0.09, which is higher than the KKR Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of CG and KKR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CG	KKR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	-0.65	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.31	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.64	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.54	-0.24

Drawdowns

CG vs. KKR - Drawdown Comparison

The maximum CG drawdown since its inception was -62.69%, which is greater than KKR's maximum drawdown of -53.10%. Use the drawdown chart below to compare losses from any high point for CG and KKR.

Drawdown Indicators

	CG	KKR	Difference
Max Drawdown Largest peak-to-trough decline	-62.69%	-53.10%	-9.59%
Max Drawdown (1Y) Largest decline over 1 year	-37.83%	-44.62%	+6.79%
Max Drawdown (3Y) Largest decline over 3 years	-38.53%	-49.42%	+10.89%
Max Drawdown (5Y) Largest decline over 5 years	-56.75%	-49.42%	-7.33%
Max Drawdown (10Y) Largest decline over 10 years	-56.75%	-49.42%	-7.33%
Current Drawdown Current decline from peak	-35.87%	-43.68%	+7.81%
Average Drawdown Average peak-to-trough decline	-21.74%	-16.18%	-5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.30%	24.21%	-4.91%

Volatility

CG vs. KKR - Volatility Comparison

The current volatility for The Carlyle Group Inc. (CG) is 9.57%, while KKR & Co. Inc. (KKR) has a volatility of 10.21%. This indicates that CG experiences smaller price fluctuations and is considered to be less risky than KKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CG	KKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.57%	10.21%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	27.66%	29.77%	-2.11%
Volatility (1Y) Calculated over the trailing 1-year period	35.92%	37.30%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.74%	39.23%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.36%	36.64%	+0.72%

Dividends

CG vs. KKR - Dividend Comparison

CG's dividend yield for the trailing twelve months is around 3.21%, more than KKR's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CG The Carlyle Group Inc.	3.21%	2.37%	2.77%	3.38%	4.11%	1.82%	3.18%	4.24%	7.87%	5.41%	11.02%	21.70%
KKR KKR & Co. Inc.	0.80%	0.57%	0.47%	0.78%	1.31%	0.77%	1.31%	1.71%	3.23%	3.18%	4.16%	10.13%

Financials

Frequently Asked Questions

Can I hold both CG and KKR in my portfolio?

CG and KKR have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CG or KKR?

KKR has higher volatility (10.21%) compared to CG (9.57%). In terms of maximum drawdown, CG dropped -62.69% vs KKR's -53.10%.

Which has better risk-adjusted returns?

CG currently has the higher Sharpe Ratio (-0.09 vs -0.65), 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.