KIFAX vs. BTPIX
Compare and contrast key facts about Salient Select Income Fund (KIFAX) and Salient Tactical Plus Fund (BTPIX).
KIFAX is managed by Salient Funds. It was launched on Mar 29, 2001. BTPIX is managed by Salient Funds. It was launched on Dec 30, 2012.
Performance
KIFAX vs. BTPIX - Performance Comparison
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KIFAX vs. BTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIFAX Salient Select Income Fund | -2.46% | 1.49% | 6.73% | 14.45% | -15.79% | 14.98% | -3.07% | 18.13% | -8.76% | 1.47% |
BTPIX Salient Tactical Plus Fund | -1.76% | -2.44% | 3.17% | 4.22% | -1.65% | 6.48% | 7.46% | 7.54% | 2.94% | 0.26% |
Returns By Period
In the year-to-date period, KIFAX achieves a -2.46% return, which is significantly lower than BTPIX's -1.76% return. Both investments have delivered pretty close results over the past 10 years, with KIFAX having a 3.30% annualized return and BTPIX not far behind at 3.26%.
KIFAX
- 1D
- 0.40%
- 1M
- -3.29%
- YTD
- -2.46%
- 6M
- -3.90%
- 1Y
- 1.38%
- 3Y*
- 5.75%
- 5Y*
- 2.22%
- 10Y*
- 3.30%
BTPIX
- 1D
- -0.28%
- 1M
- -4.83%
- YTD
- -1.76%
- 6M
- -0.49%
- 1Y
- -1.03%
- 3Y*
- 1.13%
- 5Y*
- 1.35%
- 10Y*
- 3.26%
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KIFAX vs. BTPIX - Expense Ratio Comparison
KIFAX has a 1.53% expense ratio, which is higher than BTPIX's 1.08% expense ratio.
Return for Risk
KIFAX vs. BTPIX — Risk / Return Rank
KIFAX
BTPIX
KIFAX vs. BTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient Select Income Fund (KIFAX) and Salient Tactical Plus Fund (BTPIX). 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.
| KIFAX | BTPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | -0.09 | +0.20 |
Sortino ratioReturn per unit of downside risk | 0.21 | -0.06 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.99 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.23 | +0.31 |
Martin ratioReturn relative to average drawdown | 0.24 | -0.60 | +0.84 |
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
| KIFAX | BTPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | -0.09 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.22 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.38 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.43 | +0.04 |
Correlation
The correlation between KIFAX and BTPIX is 0.38, 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
KIFAX vs. BTPIX - Dividend Comparison
KIFAX's dividend yield for the trailing twelve months is around 7.77%, more than BTPIX's 2.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIFAX Salient Select Income Fund | 7.77% | 7.48% | 6.88% | 6.50% | 4.62% | 4.72% | 4.62% | 5.04% | 6.00% | 9.13% | 6.40% | 12.33% |
BTPIX Salient Tactical Plus Fund | 2.86% | 2.81% | 3.80% | 4.93% | 7.72% | 0.00% | 6.10% | 6.16% | 3.08% | 0.00% | 4.14% | 0.00% |
Drawdowns
KIFAX vs. BTPIX - Drawdown Comparison
The maximum KIFAX drawdown since its inception was -70.56%, which is greater than BTPIX's maximum drawdown of -13.30%. Use the drawdown chart below to compare losses from any high point for KIFAX and BTPIX.
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Drawdown Indicators
| KIFAX | BTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.56% | -13.30% | -57.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -6.84% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.46% | -8.90% | -11.56% |
Max Drawdown (10Y)Largest decline over 10 years | -45.84% | -11.04% | -34.80% |
Current DrawdownCurrent decline from peak | -5.92% | -6.75% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -3.90% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 2.61% | -0.32% |
Volatility
KIFAX vs. BTPIX - Volatility Comparison
The current volatility for Salient Select Income Fund (KIFAX) is 2.15%, while Salient Tactical Plus Fund (BTPIX) has a volatility of 2.33%. This indicates that KIFAX experiences smaller price fluctuations and is considered to be less risky than BTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIFAX | BTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 2.33% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 8.04% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.19% | 8.79% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.99% | 6.09% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.18% | 8.62% | +5.56% |