KIO vs. PDI

Last updated Apr 1, 2026

Compare and contrast key facts about KKR Income Opportunities Fund (KIO) and PIMCO Dynamic Income Fund (PDI).

KIO is managed by KKR Asset Management. It was launched on Jul 25, 2013.

Performance

KIO vs. PDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KKR Income Opportunities Fund (KIO) and PIMCO Dynamic Income Fund (PDI). The values are adjusted to include any dividend payments, if applicable.

KIO vs. PDI - 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%
PDI PIMCO Dynamic Income Fund	0.17%	11.03%	17.18%	11.99%	-16.99%	7.81%	-9.96%	22.23%	7.35%	18.59%

Returns By Period

In the year-to-date period, KIO achieves a -2.01% return, which is significantly lower than PDI's 0.17% return. Both investments have delivered pretty close results over the past 10 years, with KIO having a 8.06% annualized return and PDI not far ahead at 8.14%.

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%

PDI

• 1D: 3.13%
• 1M: -3.71%
• YTD: 0.17%
• 6M: -7.15%
• 1Y: -0.44%
• 3Y*: 13.14%
• 5Y*: 3.57%
• 10Y*: 8.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

KIO vs. PDI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KIO

KIO Risk / Return Rank: 6
KIO Sharpe Ratio Rank: 6
KIO Sortino Ratio Rank: 6
KIO Omega Ratio Rank: 6
KIO Calmar Ratio Rank: 7
KIO Martin Ratio Rank: 7

PDI

PDI Risk / Return Rank: 38
PDI Sharpe Ratio Rank: 41
PDI Sortino Ratio Rank: 33
PDI Omega Ratio Rank: 34
PDI Calmar Ratio Rank: 42
PDI Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KIO vs. PDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and PIMCO Dynamic Income Fund (PDI). 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	PDI	Difference
Sharpe ratio Return per unit of total volatility	0.08	-0.02	+0.11
Sortino ratio Return per unit of downside risk	0.20	0.09	+0.11
Omega ratio Gain probability vs. loss probability	1.03	1.02	+0.01
Calmar ratio Return relative to maximum drawdown	0.08	-0.01	+0.09
Martin ratio Return relative to average drawdown	0.18	-0.03	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KIO vs. PDI - Sharpe Ratio Comparison

The current KIO Sharpe Ratio is 0.08, which is higher than the PDI Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of KIO and PDI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KIO	PDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	-0.02	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.23	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.43	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.59	-0.23

Correlation

The correlation between KIO and PDI is 0.36, 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. PDI - Dividend Comparison

KIO's dividend yield for the trailing twelve months is around 13.25%, less than PDI's 15.46% 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%
PDI PIMCO Dynamic Income Fund	15.46%	14.94%	14.43%	14.74%	17.84%	10.21%	10.01%	9.45%	10.78%	8.81%	14.79%	18.70%

Drawdowns

KIO vs. PDI - Drawdown Comparison

The maximum KIO drawdown since its inception was -43.87%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for KIO and PDI.

Drawdown Indicators

	KIO	PDI	Difference
Max Drawdown Largest peak-to-trough decline	-43.87%	-46.47%	+2.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-14.34%	+3.33%
Max Drawdown (5Y) Largest decline over 5 years	-31.87%	-27.23%	-4.64%
Max Drawdown (10Y) Largest decline over 10 years	-43.87%	-46.47%	+2.60%
Current Drawdown Current decline from peak	-12.77%	-7.66%	-5.11%
Average Drawdown Average peak-to-trough decline	-8.06%	-6.22%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	5.03%	-0.28%

Volatility

KIO vs. PDI - Volatility Comparison

The current volatility for KKR Income Opportunities Fund (KIO) is 5.24%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 5.71%. This indicates that KIO experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KIO	PDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	5.71%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	8.24%	9.96%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	18.36%	-4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.12%	15.66%	-2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	19.06%	-2.69%