KIO vs. ODIDX
KIO (KKR Income Opportunities Fund) and ODIDX (Oaktree Diversified Income Fund Inc. Class D) are both Multisector Bonds funds. Over the past 3 years, KIO returned 9.61%/yr vs 9.12%/yr for ODIDX. Their 0.38 correlation means their historical movements had little consistent relationship. KIO charges 0.04%/yr vs 2.10%/yr for ODIDX.
Performance
KIO vs. ODIDX - 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 ODIDX's 2.47% 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%
ODIDX
- 1D
- -0.11%
- 1M
- 0.23%
- 6M
- 1.90%
- YTD
- 2.47%
- 1Y
- 5.35%
- 3Y*
- 9.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.83M | $2.45M | $2.07M | |
| $0.00 | $0.00 | $0.00 |
KIO vs. ODIDX - 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% | 2.80% |
ODIDX Oaktree Diversified Income Fund Inc. Class D | 2.47% | 7.94% | 11.99% | 11.91% | -13.02% | -0.37% |
Correlation
The correlation between KIO and ODIDX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.38 |
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Return for Risk
KIO vs. ODIDX — Risk / Return Rank
KIO
ODIDX
KIO vs. ODIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and Oaktree Diversified Income Fund Inc. Class D (ODIDX). 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 | ODIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.95 | ||
| Sortino ratioReturn per unit of downside risk | -6.21 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.98 | -1.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 4.98 | -5.18 |
| Martin ratioReturn relative to average drawdown | -0.43 | 20.96 | -21.39 |
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Drawdowns
KIO vs. ODIDX - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, which is greater than ODIDX's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for KIO and ODIDX.
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Drawdown Indicators
| KIO | ODIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -13.71% | -30.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -1.10% | -9.91% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -2.29% | -20.56% |
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% | -0.11% | -8.81% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -3.67% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 0.26% | +4.90% |
Volatility
KIO vs. ODIDX - Volatility Comparison
KKR Income Opportunities Fund (KIO) has a higher volatility of 2.61% compared to Oaktree Diversified Income Fund Inc. Class D (ODIDX) at 0.30%. This indicates that KIO's price experiences larger fluctuations and is considered to be riskier than ODIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | ODIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 0.30% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 1.19% | +6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 1.47% | +8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 3.18% | +10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 3.18% | +13.16% |
KIO vs. ODIDX - Expense Ratio Comparison
KIO has a 0.04% expense ratio, which is lower than ODIDX's 2.10% expense ratio.
Dividends
KIO vs. ODIDX - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.25%, more than ODIDX's 9.09% yield.
| Position | 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% |
ODIDX Oaktree Diversified Income Fund Inc. Class D | 9.09% | 9.32% | 8.45% | 7.83% | 0.84% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KIO and ODIDX have a correlation of 0.39, 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 ODIDX (0.30%). In terms of maximum drawdown, KIO dropped -43.87% vs ODIDX's -13.71%.
ODIDX currently has the higher Sharpe Ratio (3.73 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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