KKR vs. HLI
KKR (KKR & Co. Inc.) and HLI (Houlihan Lokey, Inc.) are both stocks. Both are in the Financial Services sector — KKR in Asset Management, HLI in Capital Markets. Over the past 10 years, KKR returned 23.50%/yr vs 21.57%/yr for HLI. At a 0.48 correlation, their price movements are largely independent.
Performance
KKR vs. HLI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KKR achieves a -26.61% return, which is significantly lower than HLI's -20.61% return. Over the past 10 years, KKR has outperformed HLI with an annualized return of 23.50%, while HLI has yielded a comparatively lower 21.57% annualized return.
KKR
- 1D
- -0.20%
- 1M
- -8.90%
- YTD
- -26.61%
- 6M
- -28.16%
- 1Y
- -23.96%
- 3Y*
- 19.93%
- 5Y*
- 11.96%
- 10Y*
- 23.50%
HLI
- 1D
- -1.54%
- 1M
- -9.87%
- YTD
- -20.61%
- 6M
- -21.92%
- 1Y
- -21.42%
- 3Y*
- 16.12%
- 5Y*
- 14.31%
- 10Y*
- 21.57%
KKR vs. HLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KKR KKR & Co. Inc. | -26.61% | -13.32% | 79.65% | 80.48% | -36.98% | 85.76% | 41.13% | 51.57% | -4.28% | 41.78% |
HLI Houlihan Lokey, Inc. | -20.61% | 1.64% | 47.04% | 40.67% | -13.88% | 57.04% | 40.61% | 36.33% | -17.20% | 49.30% |
Correlation
The correlation between KKR and HLI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2015 | 0.48 |
The correlation between KKR and HLI shifts across timeframes, from 0.48 (all time) to 0.59 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
KKR:
$88.94B
HLI:
$9.33B
KKR:
$3.10
HLI:
$6.22
KKR:
30.04
HLI:
22.06
KKR:
3.17
HLI:
6.82
KKR:
4.45
HLI:
3.59
KKR:
1.10
HLI:
3.98
KKR:
$19.99B
HLI:
$2.62B
KKR:
$8.35B
HLI:
$1.37B
KKR:
$9.97B
HLI:
$636.63M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KKR vs. HLI — Risk / Return Rank
KKR
HLI
KKR vs. HLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR & Co. Inc. (KKR) and Houlihan Lokey, Inc. (HLI). 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.
| KKR | HLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.87 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.64 | +0.10 |
| Martin ratioReturn relative to average drawdown | -0.99 | -1.22 | +0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| KKR | HLI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | -0.84 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.52 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.81 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.77 | -0.23 |
Drawdowns
KKR vs. HLI - Drawdown Comparison
The maximum KKR drawdown since its inception was -53.10%, which is greater than HLI's maximum drawdown of -36.57%. Use the drawdown chart below to compare losses from any high point for KKR and HLI.
Loading charts...
Drawdown Indicators
| KKR | HLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.10% | -36.57% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -44.62% | -33.67% | -10.95% |
Max Drawdown (3Y)Largest decline over 3 years | -49.42% | -33.67% | -15.75% |
Max Drawdown (5Y)Largest decline over 5 years | -49.42% | -36.57% | -12.85% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -36.57% | -12.85% |
Current DrawdownCurrent decline from peak | -43.68% | -33.67% | -10.01% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -9.56% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.21% | 17.58% | +6.63% |
Volatility
KKR vs. HLI - Volatility Comparison
KKR & Co. Inc. (KKR) has a higher volatility of 10.21% compared to Houlihan Lokey, Inc. (HLI) at 6.97%. This indicates that KKR's price experiences larger fluctuations and is considered to be riskier than HLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KKR | HLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.21% | 6.97% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 29.77% | 18.86% | +10.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.30% | 25.72% | +11.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.23% | 27.93% | +11.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.64% | 26.86% | +9.78% |
Dividends
KKR vs. HLI - Dividend Comparison
KKR's dividend yield for the trailing twelve months is around 0.80%, less than HLI's 1.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLI Houlihan Lokey, Inc. | 1.82% | 1.36% | 1.30% | 1.82% | 2.32% | 1.56% | 1.90% | 2.46% | 2.74% | 1.76% | 2.12% | 0.57% |
KKR KKR & Co. Inc. | 0.80% | 0.57% | 0.47% | 0.78% | 1.31% | 0.77% | 1.31% | 1.71% | 3.23% | 3.18% | 4.16% | 10.13% |
Financials
KKR vs. HLI - Financials Comparison
This section allows you to compare key financial metrics between KKR & Co. Inc. and Houlihan Lokey, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
KKR vs. HLI - Profitability Comparison
KKR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KKR & Co. Inc. reported a gross profit of 3.98B and revenue of 4.00B. Therefore, the gross margin over that period was 99.5%.
HLI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported a gross profit of 201.88M and revenue of 635.64M. Therefore, the gross margin over that period was 31.8%.
KKR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KKR & Co. Inc. reported an operating income of 205.35M and revenue of 4.00B, resulting in an operating margin of 5.1%.
HLI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported an operating income of 125.15M and revenue of 635.64M, resulting in an operating margin of 19.7%.
KKR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KKR & Co. Inc. reported a net income of 405.23M and revenue of 4.00B, resulting in a net margin of 10.1%.
HLI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported a net income of 99.84M and revenue of 635.64M, resulting in a net margin of 15.7%.
Frequently Asked Questions
KKR and HLI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KKR has higher volatility (10.21%) compared to HLI (6.97%). In terms of maximum drawdown, KKR dropped -53.10% vs HLI's -36.57%.
KKR currently has the higher Sharpe Ratio (-0.65 vs -0.84), 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.
Find the right allocation for KKR and HLI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer