EVG vs. KIO
EVG (Eaton Vance Short Duration Diversified Income Fund) and KIO (KKR Income Opportunities Fund) are both Multisector Bonds funds. Over the past 10 years, EVG returned 5.77%/yr vs 7.25%/yr for KIO. Their 0.33 correlation means their historical movements had little consistent relationship. EVG charges 0.02%/yr vs 0.04%/yr for KIO.
Performance
EVG vs. KIO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EVG achieves a 0.98% return, which is significantly lower than KIO's 2.40% return. Over the past 10 years, EVG has underperformed KIO with an annualized return of 5.77%, while KIO has yielded a comparatively higher 7.25% annualized return.
EVG
- 1D
- 0.10%
- 1M
- -1.93%
- 6M
- -0.44%
- YTD
- 0.98%
- 1Y
- 3.00%
- 3Y*
- 10.64%
- 5Y*
- 4.69%
- 10Y*
- 5.77%
- ALL TIME*
- 4.84%
KIO
- 1D
- -0.54%
- 1M
- -2.04%
- 6M
- 1.34%
- YTD
- 2.40%
- 1Y
- -2.11%
- 3Y*
- 9.15%
- 5Y*
- 3.63%
- 10Y*
- 7.25%
- ALL TIME*
- 5.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $318.49K | $317.03K | $358.45K | |
| $2.79M | $2.44M | $2.08M |
EVG vs. KIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | 0.98% | 8.43% | 14.80% | 11.90% | -14.12% | 17.10% | -1.68% | 16.48% | -7.59% | 10.82% |
KIO KKR Income Opportunities Fund | 2.40% | -2.49% | 18.45% | 31.53% | -28.25% | 26.82% | 2.04% | 21.92% | -2.53% | 9.68% |
Correlation
The correlation between EVG and KIO is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2013 | 0.33 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EVG vs. KIO — Risk / Return Rank
EVG
KIO
EVG vs. KIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Diversified Income Fund (EVG) and KKR Income Opportunities Fund (KIO). 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.
| EVG | KIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.97 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | -0.21 | +0.80 |
| Martin ratioReturn relative to average drawdown | 1.72 | -0.44 | +2.16 |
Loading charts...
Drawdowns
EVG vs. KIO - Drawdown Comparison
The maximum EVG drawdown since its inception was -40.60%, smaller than the maximum KIO drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for EVG and KIO.
Loading charts...
Drawdown Indicators
| EVG | KIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -43.87% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -11.01% | +5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -8.24% | -22.85% | +14.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -31.87% | +8.52% |
Max Drawdown (10Y)Largest decline over 10 years | -32.75% | -43.87% | +11.12% |
Current DrawdownCurrent decline from peak | -2.78% | -8.84% | +6.06% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -8.08% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 5.15% | -3.40% |
Volatility
EVG vs. KIO - Volatility Comparison
The current volatility for Eaton Vance Short Duration Diversified Income Fund (EVG) is 1.73%, while KKR Income Opportunities Fund (KIO) has a volatility of 2.61%. This indicates that EVG experiences smaller price fluctuations and is considered to be less risky than KIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EVG | KIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 2.61% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 7.92% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 10.28% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.28% | 13.20% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 16.33% | -3.34% |
EVG vs. KIO - Expense Ratio Comparison
EVG has a 0.02% expense ratio, which is lower than KIO's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EVG vs. KIO - Dividend Comparison
EVG's dividend yield for the trailing twelve months is around 8.50%, less than KIO's 13.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | 8.50% | 8.15% | 8.69% | 9.18% | 12.40% | 8.75% | 6.67% | 6.96% | 6.63% | 6.68% | 7.79% | 8.05% |
KIO KKR Income Opportunities Fund | 13.24% | 12.58% | 10.90% | 11.32% | 11.44% | 7.45% | 10.12% | 9.51% | 10.53% | 9.66% | 9.92% | 10.81% |
Frequently Asked Questions
EVG and KIO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KIO has higher volatility (2.61%) compared to EVG (1.73%). In terms of maximum drawdown, EVG dropped -40.60% vs KIO's -43.87%.
EVG currently has the higher Sharpe Ratio (0.36 vs -0.22), 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.
Find the right allocation for EVG and KIO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer