JMM vs. KIO
Compare and contrast key facts about Nuveen Multi-Market Income Fund (JMM) and KKR Income Opportunities Fund (KIO).
JMM is managed by Nuveen. It was launched on Dec 30, 1988. KIO is managed by KKR Asset Management. It was launched on Jul 25, 2013.
Performance
JMM vs. KIO - Performance Comparison
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JMM vs. KIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | -1.07% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
KIO KKR Income Opportunities Fund | -2.01% | -2.49% | 18.45% | 31.53% | -28.25% | 26.82% | 2.04% | 21.92% | -2.53% | 9.68% |
Returns By Period
In the year-to-date period, JMM achieves a -1.07% return, which is significantly higher than KIO's -2.01% return. Over the past 10 years, JMM has underperformed KIO with an annualized return of 3.37%, while KIO has yielded a comparatively higher 8.06% annualized return.
JMM
- 1D
- 2.43%
- 1M
- -6.05%
- YTD
- -1.07%
- 6M
- -3.66%
- 1Y
- 0.20%
- 3Y*
- 6.30%
- 5Y*
- 1.27%
- 10Y*
- 3.37%
KIO
- 1D
- 3.19%
- 1M
- -3.03%
- YTD
- -2.01%
- 6M
- -7.08%
- 1Y
- 1.11%
- 3Y*
- 12.45%
- 5Y*
- 3.89%
- 10Y*
- 8.06%
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JMM vs. KIO - Expense Ratio Comparison
JMM has a 0.04% 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%.
Return for Risk
JMM vs. KIO — Risk / Return Rank
JMM
KIO
JMM vs. KIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Market Income Fund (JMM) 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.
| JMM | KIO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.01 | 0.08 | -0.07 |
Sortino ratioReturn per unit of downside risk | 0.12 | 0.20 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.03 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.08 | -0.02 |
Martin ratioReturn relative to average drawdown | 0.17 | 0.18 | -0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JMM | KIO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 0.08 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.30 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.49 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.36 | -0.19 |
Correlation
The correlation between JMM and KIO is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JMM vs. KIO - Dividend Comparison
JMM's dividend yield for the trailing twelve months is around 5.91%, less than KIO's 13.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | 5.91% | 5.76% | 5.48% | 5.58% | 6.13% | 4.60% | 4.49% | 4.86% | 5.34% | 5.63% | 6.19% | 6.76% |
KIO KKR Income Opportunities Fund | 13.25% | 12.58% | 10.90% | 11.32% | 11.44% | 7.45% | 10.12% | 9.51% | 10.53% | 9.66% | 9.92% | 10.81% |
Drawdowns
JMM vs. KIO - Drawdown Comparison
The maximum JMM drawdown since its inception was -48.15%, which is greater than KIO's maximum drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for JMM and KIO.
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Drawdown Indicators
| JMM | KIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -43.87% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -11.01% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -31.87% | +7.68% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | -43.87% | +17.39% |
Current DrawdownCurrent decline from peak | -6.05% | -12.77% | +6.72% |
Average DrawdownAverage peak-to-trough decline | -14.14% | -8.06% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 4.75% | -1.63% |
Volatility
JMM vs. KIO - Volatility Comparison
Nuveen Multi-Market Income Fund (JMM) and KKR Income Opportunities Fund (KIO) have volatilities of 5.39% and 5.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMM | KIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 5.24% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 8.24% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 13.41% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.30% | 13.12% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 16.37% | -2.47% |