KYN vs. AMLP
Compare and contrast key facts about Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Alerian MLP ETF (AMLP).
AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KYN or AMLP.
Key characteristics
| KYN | AMLP | |
|---|---|---|
| YTD Return | 59.81% | 17.40% |
| 1Y Return | 70.07% | 18.32% |
| 3Y Return (Ann) | 26.39% | 18.68% |
| 5Y Return (Ann) | 11.07% | 12.33% |
| 10Y Return (Ann) | -1.11% | 1.53% |
| Sharpe Ratio | 4.26 | 1.45 |
| Sortino Ratio | 5.63 | 2.07 |
| Omega Ratio | 1.70 | 1.25 |
| Calmar Ratio | 1.47 | 2.74 |
| Martin Ratio | 38.52 | 7.73 |
| Ulcer Index | 1.87% | 2.57% |
| Daily Std Dev | 16.93% | 13.72% |
| Max Drawdown | -91.43% | -77.19% |
| Current Drawdown | -13.55% | -2.87% |
Correlation
The correlation between KYN and AMLP is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KYN vs. AMLP - Performance Comparison
In the year-to-date period, KYN achieves a 59.81% return, which is significantly higher than AMLP's 17.40% return. Over the past 10 years, KYN has underperformed AMLP with an annualized return of -1.11%, while AMLP has yielded a comparatively higher 1.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
KYN vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Alerian MLP ETF (AMLP). 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.
Dividends
KYN vs. AMLP - Dividend Comparison
KYN's dividend yield for the trailing twelve months is around 7.02%, more than AMLP's 5.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KYN Kayne Anderson Energy Infrastructure Fund, Inc. | 7.02% | 9.45% | 9.05% | 6.42% | 16.17% | 10.34% | 14.17% | 9.97% | 11.24% | 15.21% | 6.61% | 4.37% |
AMLP Alerian MLP ETF | 5.87% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
Drawdowns
KYN vs. AMLP - Drawdown Comparison
The maximum KYN drawdown since its inception was -91.43%, which is greater than AMLP's maximum drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for KYN and AMLP. For additional features, visit the drawdowns tool.
Volatility
KYN vs. AMLP - Volatility Comparison
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) has a higher volatility of 5.66% compared to Alerian MLP ETF (AMLP) at 3.57%. This indicates that KYN's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.