KIO vs. IGLD
KIO (KKR Income Opportunities Fund) and IGLD (FT Vest Gold Strategy Target Income ETF) are both funds - KIO is a Multisector Bonds fund managed by KKR, while IGLD is a Gold fund actively managed by First Trust. Over the past 5 years, KIO returned 3.32%/yr vs 12.05%/yr for IGLD. Their 0.16 correlation means their historical movements had little consistent relationship. KIO charges 0.04%/yr vs 0.85%/yr for IGLD.
Performance
KIO vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, KIO achieves a 2.31% return, which is significantly higher than IGLD's -6.86% 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%
IGLD
- 1D
- -0.32%
- 1M
- -1.46%
- 6M
- -11.29%
- YTD
- -6.86%
- 1Y
- 13.43%
- 3Y*
- 19.46%
- 5Y*
- 12.05%
- 10Y*
- —
- ALL TIME*
- 11.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.93M | $5.43M | $7.10M | |
| $2.83M | $2.45M | $2.07M |
KIO vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KIO KKR Income Opportunities Fund | 2.31% | -2.49% | 18.45% | 31.53% | -28.25% | 16.35% |
IGLD FT Vest Gold Strategy Target Income ETF | -6.86% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between KIO and IGLD is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.16 |
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Return for Risk
KIO vs. IGLD — Risk / Return Rank
KIO
IGLD
KIO vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and FT Vest Gold Strategy Target Income ETF (IGLD). 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 | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.12 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.57 | -0.77 |
| Martin ratioReturn relative to average drawdown | -0.43 | 1.26 | -1.69 |
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Drawdowns
KIO vs. IGLD - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, which is greater than IGLD's maximum drawdown of -23.84%. Use the drawdown chart below to compare losses from any high point for KIO and IGLD.
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Drawdown Indicators
| KIO | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -23.84% | -20.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -23.84% | +12.83% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -23.84% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -23.84% | -8.03% |
Max Drawdown (10Y)Largest decline over 10 years | -43.87% | — | — |
Current DrawdownCurrent decline from peak | -8.92% | -22.29% | +13.37% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -5.71% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 10.65% | -5.49% |
Volatility
KIO vs. IGLD - Volatility Comparison
The current volatility for KKR Income Opportunities Fund (KIO) is 2.61%, while FT Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.32%. This indicates that KIO experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 5.32% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 20.82% | -12.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 25.12% | -14.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 15.75% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 15.43% | +0.91% |
KIO vs. IGLD - Expense Ratio Comparison
KIO has a 0.04% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
KIO vs. IGLD - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.25%, less than IGLD's 23.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | 23.29% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 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 IGLD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.32%) compared to KIO (2.61%). In terms of maximum drawdown, KIO dropped -43.87% vs IGLD's -23.84%.
IGLD currently has the higher Sharpe Ratio (0.54 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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