KIO vs. MZLSX
Compare and contrast key facts about KKR Income Opportunities Fund (KIO) and Muzinich Low Duration Fund (MZLSX).
KIO is managed by KKR Asset Management. It was launched on Jul 25, 2013. MZLSX is managed by Muzinich. It was launched on Jun 29, 2016.
Performance
KIO vs. MZLSX - Performance Comparison
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KIO vs. MZLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIO KKR Income Opportunities Fund | -2.01% | -2.49% | 18.45% | 31.53% | -28.25% | 26.82% | 2.04% | 21.92% | -2.53% | 9.68% |
MZLSX Muzinich Low Duration Fund | -0.57% | 6.38% | 6.30% | 7.63% | -3.41% | 2.50% | 2.64% | 7.86% | 0.80% | 4.26% |
Returns By Period
In the year-to-date period, KIO achieves a -2.01% return, which is significantly lower than MZLSX's -0.57% return.
KIO
- 1D
- 3.19%
- 1M
- -3.03%
- YTD
- -2.01%
- 6M
- -7.08%
- 1Y
- 1.11%
- 3Y*
- 12.45%
- 5Y*
- 3.89%
- 10Y*
- 8.06%
MZLSX
- 1D
- 0.11%
- 1M
- -1.38%
- YTD
- -0.57%
- 6M
- 0.72%
- 1Y
- 4.41%
- 3Y*
- 6.11%
- 5Y*
- 3.46%
- 10Y*
- —
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KIO vs. MZLSX - Expense Ratio Comparison
KIO has a 0.04% expense ratio, which is lower than MZLSX's 0.50% expense ratio.
Return for Risk
KIO vs. MZLSX — Risk / Return Rank
KIO
MZLSX
KIO vs. MZLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and Muzinich Low Duration Fund (MZLSX). 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.
| KIO | MZLSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.08 | 2.80 | -2.72 |
Sortino ratioReturn per unit of downside risk | 0.20 | 4.00 | -3.80 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.71 | -0.68 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 2.99 | -2.91 |
Martin ratioReturn relative to average drawdown | 0.18 | 14.39 | -14.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KIO | MZLSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 2.80 | -2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 2.19 | -1.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.69 | -1.32 |
Correlation
The correlation between KIO and MZLSX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KIO vs. MZLSX - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.25%, more than MZLSX's 7.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MZLSX Muzinich Low Duration Fund | 7.01% | 7.03% | 4.77% | 4.88% | 3.85% | 6.36% | 2.08% | 2.24% | 8.62% | 1.86% | 0.79% | 0.00% |
Drawdowns
KIO vs. MZLSX - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, which is greater than MZLSX's maximum drawdown of -12.66%. Use the drawdown chart below to compare losses from any high point for KIO and MZLSX.
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Drawdown Indicators
| KIO | MZLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -12.66% | -31.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -1.50% | -9.51% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -6.09% | -25.78% |
Max Drawdown (10Y)Largest decline over 10 years | -43.87% | — | — |
Current DrawdownCurrent decline from peak | -12.77% | -1.40% | -11.37% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -0.86% | -7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 0.31% | +4.44% |
Volatility
KIO vs. MZLSX - Volatility Comparison
KKR Income Opportunities Fund (KIO) has a higher volatility of 5.24% compared to Muzinich Low Duration Fund (MZLSX) at 0.81%. This indicates that KIO's price experiences larger fluctuations and is considered to be riskier than MZLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | MZLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 0.81% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 1.13% | +7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 1.57% | +11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.12% | 1.58% | +11.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 2.13% | +14.24% |