KIO vs. ACP
KIO (KKR Income Opportunities Fund) and ACP (abrdn Income Credit Strategies Fund) are both Multisector Bonds funds. Over the past 10 years, KIO returned 7.21%/yr vs 5.37%/yr for ACP. Their 0.42 correlation means their historical movements had little consistent relationship. KIO charges 0.04%/yr vs 1.97%/yr for ACP.
Performance
KIO vs. ACP - Performance Comparison
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Returns By Period
In the year-to-date period, KIO achieves a 2.31% return, which is significantly lower than ACP's 2.65% return. Over the past 10 years, KIO has outperformed ACP with an annualized return of 7.21%, while ACP has yielded a comparatively lower 5.37% annualized return.
KIO
- 1D
- -0.09%
- 1M
- -2.13%
- 6M
- 0.38%
- YTD
- 2.31%
- 1Y
- -2.19%
- 3Y*
- 9.61%
- 5Y*
- 3.32%
- 10Y*
- 7.21%
- ALL TIME*
- 5.87%
ACP
- 1D
- -0.79%
- 1M
- -3.51%
- 6M
- -2.71%
- YTD
- 2.65%
- 1Y
- -0.14%
- 3Y*
- 6.94%
- 5Y*
- -0.18%
- 10Y*
- 5.37%
- ALL TIME*
- 3.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.09M | $2.75M | $2.45M | |
| $2.83M | $2.45M | $2.07M |
KIO vs. ACP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIO KKR Income Opportunities Fund | 2.31% | -2.49% | 18.45% | 31.53% | -28.25% | 26.82% | 2.04% | 21.92% | -2.53% | 9.68% |
ACP abrdn Income Credit Strategies Fund | 2.65% | 6.48% | 4.81% | 19.27% | -22.87% | 6.65% | 7.51% | 26.93% | -17.64% | 15.60% |
Correlation
The correlation between KIO and ACP is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2013 | 0.42 |
The correlation between KIO and ACP has been stable across timeframes, ranging from 0.42 to 0.50 - a consistent structural relationship.
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Return for Risk
KIO vs. ACP — Risk / Return Rank
KIO
ACP
KIO vs. ACP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and abrdn Income Credit Strategies Fund (ACP). 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.
| KIO | ACP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.01 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.01 | -0.19 |
| Martin ratioReturn relative to average drawdown | -0.43 | -0.04 | -0.39 |
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Drawdowns
KIO vs. ACP - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, smaller than the maximum ACP drawdown of -51.03%. Use the drawdown chart below to compare losses from any high point for KIO and ACP.
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Drawdown Indicators
| KIO | ACP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -51.03% | +7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -10.51% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -18.97% | -3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -38.83% | +6.96% |
Max Drawdown (10Y)Largest decline over 10 years | -43.87% | -51.03% | +7.16% |
Current DrawdownCurrent decline from peak | -8.92% | -7.88% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -11.06% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 3.86% | +1.30% |
Volatility
KIO vs. ACP - Volatility Comparison
The current volatility for KKR Income Opportunities Fund (KIO) is 2.61%, while abrdn Income Credit Strategies Fund (ACP) has a volatility of 3.78%. This indicates that KIO experiences smaller price fluctuations and is considered to be less risky than ACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | ACP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 3.78% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 10.07% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 12.30% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 17.03% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 21.09% | -4.75% |
KIO vs. ACP - Expense Ratio Comparison
KIO has a 0.04% expense ratio, which is lower than ACP's 1.97% expense ratio.
Dividends
KIO vs. ACP - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.25%, less than ACP's 18.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACP abrdn Income Credit Strategies Fund | 18.53% | 17.19% | 19.72% | 17.65% | 17.70% | 11.76% | 12.73% | 12.27% | 12.60% | 10.26% | 10.72% | 12.69% |
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% |
Frequently Asked Questions
KIO and ACP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACP has higher volatility (3.78%) compared to KIO (2.61%). In terms of maximum drawdown, KIO dropped -43.87% vs ACP's -51.03%.
ACP currently has the higher Sharpe Ratio (-0.01 vs -0.21), 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.
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