KIO vs. GPIQ
KIO (KKR Income Opportunities Fund) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both funds - KIO is a Multisector Bonds fund managed by KKR, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Over the past year, KIO returned -2.19% vs 25.84% for GPIQ. Their 0.37 correlation means their historical movements had little consistent relationship. KIO charges 0.04%/yr vs 0.29%/yr for GPIQ.
Performance
KIO vs. GPIQ - 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 GPIQ's 13.18% 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%
GPIQ
- 1D
- 1.36%
- 1M
- -1.54%
- 6M
- 10.62%
- YTD
- 13.18%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.39M | $82.61M | $83.97M | |
| $2.83M | $2.45M | $2.07M |
KIO vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KIO KKR Income Opportunities Fund | 2.31% | -2.49% | 18.45% | 14.62% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 13.18% | 19.77% | 23.22% | 15.17% |
Correlation
The correlation between KIO and GPIQ is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.37 |
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Return for Risk
KIO vs. GPIQ — Risk / Return Rank
KIO
GPIQ
KIO vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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 | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.28 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.73 | -2.93 |
| Martin ratioReturn relative to average drawdown | -0.43 | 9.62 | -10.05 |
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Drawdowns
KIO vs. GPIQ - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for KIO and GPIQ.
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Drawdown Indicators
| KIO | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -21.06% | -22.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -9.51% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.87% | — | — |
Current DrawdownCurrent decline from peak | -8.92% | -4.62% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -2.34% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 2.69% | +2.47% |
Volatility
KIO vs. GPIQ - Volatility Comparison
The current volatility for KKR Income Opportunities Fund (KIO) is 2.61%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.41%. This indicates that KIO experiences smaller price fluctuations and is considered to be less risky than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 6.41% | -3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 14.11% | -6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 16.68% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 18.06% | -4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 18.06% | -1.72% |
KIO vs. GPIQ - Expense Ratio Comparison
KIO has a 0.04% expense ratio, which is lower than GPIQ's 0.29% expense ratio.
Dividends
KIO vs. GPIQ - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.25%, more than GPIQ's 10.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.15% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 GPIQ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPIQ has higher volatility (6.41%) compared to KIO (2.61%). In terms of maximum drawdown, KIO dropped -43.87% vs GPIQ's -21.06%.
GPIQ currently has the higher Sharpe Ratio (1.56 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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