HYTR vs. KYN

Last updated Jun 3, 2026

HYTR (CP High Yield Trend ETF) and KYN (Kayne Anderson Energy Infrastructure Fund) are both funds - HYTR is a High Yield Bonds fund tracking the CP High Yield Trend Index, while KYN is a Energy Equities fund actively managed by Kayne Anderson. HYTR is passively managed, while KYN is actively managed. Over the past 5 years, HYTR returned 2.14%/yr vs 20.94%/yr for KYN. At a 0.29 correlation, their price movements are largely independent. HYTR charges 0.97%/yr vs 2.00%/yr for KYN.

Performance

HYTR vs. KYN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CP High Yield Trend ETF (HYTR) and Kayne Anderson Energy Infrastructure Fund (KYN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYTR achieves a 0.44% return, which is significantly lower than KYN's 16.76% return.

HYTR

• 1D: 0.05%
• 1M: 0.27%
• YTD: 0.44%
• 6M: 0.91%
• 1Y: 5.75%
• 3Y*: 6.47%
• 5Y*: 2.14%
• 10Y*: —

KYN

• 1D: 0.29%
• 1M: -0.75%
• YTD: 16.76%
• 6M: 18.20%
• 1Y: 21.57%
• 3Y*: 30.67%
• 5Y*: 20.94%
• 10Y*: 6.43%

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

HYTR vs. KYN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HYTR CP High Yield Trend ETF	0.44%	5.95%	7.25%	8.31%	-11.29%	2.75%	-0.95%
KYN Kayne Anderson Energy Infrastructure Fund	16.76%	5.34%	60.45%	13.19%	20.50%	44.21%	-52.06%

Correlation

The correlation between HYTR and KYN is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.29

The correlation between HYTR and KYN shifts across timeframes, from -0.02 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HYTR vs. KYN — Risk / Return Rank

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

HYTR

HYTR Risk / Return Rank: 48
HYTR Sharpe Ratio Rank: 45
HYTR Sortino Ratio Rank: 46
HYTR Omega Ratio Rank: 48
HYTR Calmar Ratio Rank: 50
HYTR Martin Ratio Rank: 49

KYN

KYN Risk / Return Rank: 26
KYN Sharpe Ratio Rank: 21
KYN Sortino Ratio Rank: 19
KYN Omega Ratio Rank: 19
KYN Calmar Ratio Rank: 43
KYN Martin Ratio Rank: 30

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.

HYTR vs. KYN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and Kayne Anderson Energy Infrastructure Fund (KYN). 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.

	HYTR	KYN	Difference
Sharpe ratio Return per unit of total volatility	1.58	1.31	+0.27
Sortino ratio Return per unit of downside risk	2.30	1.82	+0.49
Omega ratio Gain probability vs. loss probability	1.30	1.23	+0.08
Calmar ratio Return relative to maximum drawdown	2.52	2.51	+0.02
Martin ratio Return relative to average drawdown	8.37	7.00	+1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYTR vs. KYN - Sharpe Ratio Comparison

The current HYTR Sharpe Ratio is 1.58, which is comparable to the KYN Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of HYTR and KYN, 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

	HYTR	KYN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	1.31	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.90	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.16	+0.14

Drawdowns

HYTR vs. KYN - Drawdown Comparison

The maximum HYTR drawdown since its inception was -13.25%, smaller than the maximum KYN drawdown of -91.43%. Use the drawdown chart below to compare losses from any high point for HYTR and KYN.

Drawdown Indicators

	HYTR	KYN	Difference
Max Drawdown Largest peak-to-trough decline	-13.25%	-91.43%	+78.18%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	-8.64%	+6.36%
Max Drawdown (3Y) Largest decline over 3 years	-4.93%	-21.65%	+16.72%
Max Drawdown (5Y) Largest decline over 5 years	-13.25%	-21.65%	+8.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-87.74%	—
Current Drawdown Current decline from peak	-0.46%	-3.71%	+3.25%
Average Drawdown Average peak-to-trough decline	-4.14%	-26.95%	+22.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	3.10%	-2.41%

Volatility

HYTR vs. KYN - Volatility Comparison

The current volatility for CP High Yield Trend ETF (HYTR) is 1.13%, while Kayne Anderson Energy Infrastructure Fund (KYN) has a volatility of 5.42%. This indicates that HYTR experiences smaller price fluctuations and is considered to be less risky than KYN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYTR	KYN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	5.42%	-4.29%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	12.59%	-9.95%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	16.60%	-12.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	23.29%	-17.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	40.93%	-35.07%

HYTR vs. KYN - Expense Ratio Comparison

HYTR has a 0.97% expense ratio, which is lower than KYN's 2.00% expense ratio.

Dividends

HYTR vs. KYN - Dividend Comparison

HYTR's dividend yield for the trailing twelve months is around 5.70%, less than KYN's 7.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYTR CP High Yield Trend ETF	5.70%	5.78%	5.55%	5.43%	1.24%	3.70%	3.05%	0.00%	0.00%	0.00%	0.00%	0.00%
KYN Kayne Anderson Energy Infrastructure Fund	7.03%	7.75%	8.34%	9.45%	9.05%	6.42%	16.17%	10.34%	14.17%	9.97%	11.24%	15.20%

Frequently Asked Questions

Can I hold both HYTR and KYN in my portfolio?

HYTR and KYN have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYTR or KYN?

KYN has higher volatility (5.42%) compared to HYTR (1.13%). In terms of maximum drawdown, HYTR dropped -13.25% vs KYN's -91.43%.

Which has better risk-adjusted returns?

HYTR currently has the higher Sharpe Ratio (1.58 vs 1.31), 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.