KIO vs. VGI
KIO (KKR Income Opportunities Fund) and VGI (Virtus Global Multi-Sector Income Fund) are both Multisector Bonds funds. Over the past 10 years, KIO returned 7.21%/yr vs 4.14%/yr for VGI. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
KIO vs. VGI - 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 VGI's -0.46% return. Over the past 10 years, KIO has outperformed VGI with an annualized return of 7.21%, while VGI has yielded a comparatively lower 4.14% 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%
VGI
- 1D
- 0.14%
- 1M
- -2.03%
- 6M
- -1.90%
- YTD
- -0.46%
- 1Y
- 4.17%
- 3Y*
- 10.93%
- 5Y*
- 2.09%
- 10Y*
- 4.14%
- ALL TIME*
- 4.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.83M | $2.45M | $2.07M | |
| $238.22K | $295.96K | $264.93K |
KIO vs. VGI - 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% |
VGI Virtus Global Multi-Sector Income Fund | -0.46% | 16.14% | 10.43% | 14.58% | -21.70% | 1.40% | 9.81% | 27.29% | -28.73% | 27.46% |
Correlation
The correlation between KIO and VGI is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2013 | 0.40 |
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Return for Risk
KIO vs. VGI — Risk / Return Rank
KIO
VGI
KIO vs. VGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Income Opportunities Fund (KIO) and Virtus Global Multi-Sector Income Fund (VGI). 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 | VGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.10 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.51 | -0.71 |
| Martin ratioReturn relative to average drawdown | -0.43 | 1.64 | -2.06 |
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Drawdowns
KIO vs. VGI - Drawdown Comparison
The maximum KIO drawdown since its inception was -43.87%, smaller than the maximum VGI drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for KIO and VGI.
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Drawdown Indicators
| KIO | VGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.87% | -48.08% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -8.21% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -12.34% | -10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -32.95% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -43.87% | -48.08% | +4.21% |
Current DrawdownCurrent decline from peak | -8.92% | -3.80% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -10.34% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 2.55% | +2.61% |
Volatility
KIO vs. VGI - Volatility Comparison
KKR Income Opportunities Fund (KIO) has a higher volatility of 2.61% compared to Virtus Global Multi-Sector Income Fund (VGI) at 1.78%. This indicates that KIO's price experiences larger fluctuations and is considered to be riskier than VGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIO | VGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 1.78% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 6.58% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 7.88% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 10.54% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 16.71% | -0.37% |
Dividends
KIO vs. VGI - Dividend Comparison
KIO's dividend yield for the trailing twelve months is around 13.25%, which matches VGI's 13.24% 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% |
VGI Virtus Global Multi-Sector Income Fund | 13.24% | 12.24% | 12.57% | 12.26% | 13.42% | 10.22% | 11.81% | 12.10% | 15.00% | 10.70% | 12.21% | 15.60% |
Frequently Asked Questions
KIO and VGI have a correlation of 0.46, 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 VGI (1.78%). In terms of maximum drawdown, KIO dropped -43.87% vs VGI's -48.08%.
VGI currently has the higher Sharpe Ratio (0.53 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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