KIO vs. ANGLX
KIO (KKR Income Opportunities Fund) and ANGLX (Angel Oak Multi-Strategy Income Fund) are both Multisector Bonds funds. Over the past 10 years, KIO returned 7.25%/yr vs 2.29%/yr for ANGLX. Their 0.14 correlation means their historical movements had little consistent relationship. KIO charges 0.04%/yr vs 1.21%/yr for ANGLX.
Performance
KIO vs. ANGLX - Performance Comparison
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Returns By Period
In the year-to-date period, KIO achieves a 2.40% return, which is significantly higher than ANGLX's 1.94% return. Over the past 10 years, KIO has outperformed ANGLX with an annualized return of 7.25%, while ANGLX has yielded a comparatively lower 2.29% annualized return.
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%
ANGLX
- 1D
- 0.00%
- 1M
- -0.57%
- 6M
- 1.46%
- YTD
- 1.94%
- 1Y
- 5.08%
- 3Y*
- 6.54%
- 5Y*
- 1.24%
- 10Y*
- 2.29%
- ALL TIME*
- 4.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.79M | $2.44M | $2.08M |
KIO vs. ANGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ANGLX Angel Oak Multi-Strategy Income Fund | 1.94% | 7.45% | 7.60% | 4.06% | -14.00% | 4.26% | -1.99% | 4.73% | 2.62% | 5.47% |
Correlation
The correlation between KIO and ANGLX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2013 | 0.14 |
Over the past year, KIO and ANGLX have become more correlated (0.34) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
KIO vs. ANGLX — Risk / Return Rank
KIO
ANGLX
KIO vs. ANGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and Angel Oak Multi-Strategy Income Fund (ANGLX). 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 | ANGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -5.27 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.67 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 4.05 | -4.25 |
| Martin ratioReturn relative to average drawdown | -0.44 | 16.47 | -16.91 |
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Drawdowns
KIO vs. ANGLX - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, which is greater than ANGLX's maximum drawdown of -16.40%. Use the drawdown chart below to compare losses from any high point for KIO and ANGLX.
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Drawdown Indicators
| KIO | ANGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -16.40% | -27.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -1.47% | -9.54% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -1.59% | -21.26% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -14.34% | -17.53% |
Max Drawdown (10Y)Largest decline over 10 years | -43.87% | -16.40% | -27.47% |
Current DrawdownCurrent decline from peak | -8.84% | -0.68% | -8.16% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -2.72% | -5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 0.36% | +4.79% |
Volatility
KIO vs. ANGLX - Volatility Comparison
KKR Income Opportunities Fund (KIO) has a higher volatility of 2.61% compared to Angel Oak Multi-Strategy Income Fund (ANGLX) at 0.49%. This indicates that KIO's price experiences larger fluctuations and is considered to be riskier than ANGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | ANGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 0.49% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 1.72% | +6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 2.26% | +8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 2.81% | +10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 3.29% | +13.04% |
KIO vs. ANGLX - Expense Ratio Comparison
KIO has a 0.04% expense ratio, which is lower than ANGLX's 1.21% expense ratio.
Dividends
KIO vs. ANGLX - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.24%, more than ANGLX's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGLX Angel Oak Multi-Strategy Income Fund | 4.74% | 5.41% | 5.89% | 4.78% | 3.69% | 4.69% | 4.38% | 4.53% | 4.70% | 4.97% | 5.83% | 6.74% |
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
KIO and ANGLX have a correlation of 0.34, 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 ANGLX (0.49%). In terms of maximum drawdown, KIO dropped -43.87% vs ANGLX's -16.40%.
ANGLX currently has the higher Sharpe Ratio (2.64 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.
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