KIO vs. PPT
KIO (KKR Income Opportunities Fund) and PPT (Putnam Premier Income Trust) are both Multisector Bonds funds. Over the past 10 years, KIO returned 7.21%/yr vs 4.42%/yr for PPT. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
KIO vs. PPT - 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 PPT's 1.76% return. Over the past 10 years, KIO has outperformed PPT with an annualized return of 7.21%, while PPT has yielded a comparatively lower 4.42% annualized 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%
PPT
- 1D
- 0.88%
- 1M
- -0.40%
- 6M
- -1.47%
- YTD
- 1.76%
- 1Y
- 1.45%
- 3Y*
- 7.41%
- 5Y*
- 2.51%
- 10Y*
- 4.42%
- ALL TIME*
- 2.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.83M | $2.45M | $2.07M | |
| $415.04K | $332.20K | $356.46K |
KIO vs. PPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIO KKR Income Opportunities Fund | 2.31% | -2.49% | 18.45% | 31.53% | -28.25% | 26.82% | 2.04% | 21.92% | -2.53% | 9.68% |
PPT Putnam Premier Income Trust | 1.76% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
Correlation
The correlation between KIO and PPT is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2013 | 0.30 |
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Return for Risk
KIO vs. PPT — Risk / Return Rank
KIO
PPT
KIO vs. PPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and Putnam Premier Income Trust (PPT). 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 | PPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.03 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.29 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.43 | 0.60 | -1.02 |
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Drawdowns
KIO vs. PPT - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, smaller than the maximum PPT drawdown of -49.76%. Use the drawdown chart below to compare losses from any high point for KIO and PPT.
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Drawdown Indicators
| KIO | PPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -49.76% | +5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -5.05% | -5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -9.10% | -13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -17.46% | -14.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.87% | -31.79% | -12.08% |
Current DrawdownCurrent decline from peak | -8.92% | -2.71% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -11.20% | +3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 2.44% | +2.72% |
Volatility
KIO vs. PPT - Volatility Comparison
KKR Income Opportunities Fund (KIO) has a higher volatility of 2.61% compared to Putnam Premier Income Trust (PPT) at 1.42%. This indicates that KIO's price experiences larger fluctuations and is considered to be riskier than PPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | PPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 1.42% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 6.59% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 9.18% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 11.88% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 14.42% | +1.92% |
Dividends
KIO vs. PPT - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.25%, more than PPT's 9.12% 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% |
PPT Putnam Premier Income Trust | 9.12% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
Frequently Asked Questions
KIO and PPT have a correlation of 0.30, 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 PPT (1.42%). In terms of maximum drawdown, KIO dropped -43.87% vs PPT's -49.76%.
PPT currently has the higher Sharpe Ratio (0.16 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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