KIO vs. THQ
KIO (KKR Income Opportunities Fund) and THQ (Abrdn Healthcare Opportunities Fund) are both mutual funds - KIO is a Multisector Bonds fund managed by KKR, while THQ is a Health & Biotech Equities fund managed by Aberdeen. Over the past 10 years, KIO returned 7.25%/yr vs 9.22%/yr for THQ. Their 0.35 correlation means their historical movements had little consistent relationship. KIO charges 0.04%/yr vs 1.47%/yr for THQ.
Performance
KIO vs. THQ - Performance Comparison
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Returns By Period
In the year-to-date period, KIO achieves a 2.40% return, which is significantly lower than THQ's 4.81% return. Over the past 10 years, KIO has underperformed THQ with an annualized return of 7.25%, while THQ has yielded a comparatively higher 9.22% annualized return.
KIO
- 1D
- -0.54%
- 1M
- -2.04%
- 6M
- 1.34%
- YTD
- 2.40%
- 1Y
- -2.11%
- 3Y*
- 9.15%
- 5Y*
- 3.63%
- 10Y*
- 7.25%
- ALL TIME*
- 5.88%
THQ
- 1D
- -0.53%
- 1M
- -0.31%
- 6M
- 3.77%
- YTD
- 4.81%
- 1Y
- 30.09%
- 3Y*
- 10.44%
- 5Y*
- 3.90%
- 10Y*
- 9.22%
- ALL TIME*
- 7.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.79M | $2.44M | $2.08M | |
| $3.38M | $4.74M | $3.75M |
KIO vs. THQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIO KKR Income Opportunities Fund | 2.40% | -2.49% | 18.45% | 31.53% | -28.25% | 26.82% | 2.04% | 21.92% | -2.53% | 9.68% |
THQ Abrdn Healthcare Opportunities Fund | 4.81% | 13.88% | 15.51% | -1.62% | -17.53% | 33.39% | 15.20% | 22.70% | 3.41% | 21.84% |
Correlation
The correlation between KIO and THQ is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2014 | 0.35 |
The correlation between KIO and THQ shifts across timeframes, from 0.23 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KIO vs. THQ — Risk / Return Rank
KIO
THQ
KIO vs. THQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and Abrdn Healthcare Opportunities Fund (THQ). 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 | THQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.29 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 1.74 | -1.95 |
| Martin ratioReturn relative to average drawdown | -0.44 | 5.95 | -6.39 |
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Drawdowns
KIO vs. THQ - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, which is greater than THQ's maximum drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for KIO and THQ.
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Drawdown Indicators
| KIO | THQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -39.35% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -16.74% | +5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -25.86% | +3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -32.20% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.87% | -39.35% | -4.52% |
Current DrawdownCurrent decline from peak | -8.84% | -1.37% | -7.47% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -8.54% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 4.90% | +0.25% |
Volatility
KIO vs. THQ - Volatility Comparison
The current volatility for KKR Income Opportunities Fund (KIO) is 2.61%, while Abrdn Healthcare Opportunities Fund (THQ) has a volatility of 4.57%. This indicates that KIO experiences smaller price fluctuations and is considered to be less risky than THQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | THQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 4.57% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 13.68% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 18.24% | -7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 19.22% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 20.53% | -4.20% |
KIO vs. THQ - Expense Ratio Comparison
KIO has a 0.04% expense ratio, which is lower than THQ's 1.47% expense ratio.
Dividends
KIO vs. THQ - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.24%, more than THQ's 11.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIO KKR Income Opportunities Fund | 13.24% | 12.58% | 10.90% | 11.32% | 11.44% | 7.45% | 10.12% | 9.51% | 10.53% | 9.66% | 9.92% | 10.81% |
THQ Abrdn Healthcare Opportunities Fund | 11.53% | 11.29% | 11.09% | 7.45% | 6.81% | 5.27% | 6.62% | 7.08% | 8.05% | 7.71% | 8.70% | 9.50% |
Frequently Asked Questions
KIO and THQ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THQ has higher volatility (4.57%) compared to KIO (2.61%). In terms of maximum drawdown, KIO dropped -43.87% vs THQ's -39.35%.
THQ currently has the higher Sharpe Ratio (1.61 vs -0.22), 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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