KIO vs. JMM
KIO (KKR Income Opportunities Fund) and JMM (Nuveen Multi-Market Income Fund) are both Multisector Bonds funds. Over the past 10 years, KIO returned 7.87%/yr vs 2.95%/yr for JMM. At a 0.22 correlation, their price movements are largely independent. KIO charges 0.04%/yr vs 0.04%/yr for JMM.
Performance
KIO vs. JMM - Performance Comparison
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Returns By Period
In the year-to-date period, KIO achieves a 5.57% return, which is significantly higher than JMM's -0.61% return. Over the past 10 years, KIO has outperformed JMM with an annualized return of 7.87%, while JMM has yielded a comparatively lower 2.95% annualized return.
KIO
- 1D
- 0.37%
- 1M
- 2.70%
- 6M
- 4.39%
- YTD
- 5.57%
- 1Y
- 3.10%
- 3Y*
- 11.45%
- 5Y*
- 4.01%
- 10Y*
- 7.87%
JMM
- 1D
- -0.17%
- 1M
- 0.85%
- 6M
- -0.11%
- YTD
- -0.61%
- 1Y
- -3.70%
- 3Y*
- 5.99%
- 5Y*
- 0.64%
- 10Y*
- 2.95%
KIO vs. JMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIO KKR Income Opportunities Fund | 5.57% | -2.49% | 18.45% | 31.53% | -28.25% | 26.82% | 2.04% | 21.92% | -2.53% | 9.68% |
JMM Nuveen Multi-Market Income Fund | -0.61% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
Correlation
The correlation between KIO and JMM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2013 | 0.22 |
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Return for Risk
KIO vs. JMM — Risk / Return Rank
KIO
JMM
KIO vs. JMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and Nuveen Multi-Market Income Fund (JMM). 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 | JMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.98 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.21 | +0.48 |
| Martin ratioReturn relative to average drawdown | 0.58 | -0.40 | +0.98 |
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Drawdowns
KIO vs. JMM - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, smaller than the maximum JMM drawdown of -48.15%. Use the drawdown chart below to compare losses from any high point for KIO and JMM.
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Drawdown Indicators
| KIO | JMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -48.15% | +4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -8.28% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -9.92% | -12.93% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -24.19% | -7.68% |
Max Drawdown (10Y)Largest decline over 10 years | -43.87% | -26.48% | -17.39% |
Current DrawdownCurrent decline from peak | -6.02% | -5.60% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -14.08% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 4.29% | +0.80% |
Volatility
KIO vs. JMM - Volatility Comparison
KKR Income Opportunities Fund (KIO) and Nuveen Multi-Market Income Fund (JMM) have volatilities of 2.03% and 1.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | JMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 1.94% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.78% | 8.18% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 11.58% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.18% | 13.40% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 13.91% | +2.42% |
KIO vs. JMM - Expense Ratio Comparison
KIO has a 0.04% expense ratio, which is higher than JMM's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
KIO vs. JMM - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.92%, more than JMM's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | 5.97% | 5.76% | 5.48% | 5.58% | 6.13% | 4.60% | 4.49% | 4.86% | 5.34% | 5.63% | 6.19% | 6.76% |
KIO KKR Income Opportunities Fund | 12.85% | 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 JMM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KIO has higher volatility (2.03%) compared to JMM (1.94%). In terms of maximum drawdown, KIO dropped -43.87% vs JMM's -48.15%.
KIO currently has the higher Sharpe Ratio (0.29 vs -0.15), 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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