KYN vs. EIPIX

Last updated Jun 23, 2026

KYN (Kayne Anderson Energy Infrastructure Fund) and EIPIX (EIP Growth and Income Fund (NEW)) are both Energy Equities funds. Over the past 5 years, KYN returned 19.34%/yr vs 15.90%/yr for EIPIX. A 0.75 correlation means they provide meaningful diversification when combined. KYN charges 2.00%/yr vs 1.25%/yr for EIPIX.

Performance

KYN vs. EIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kayne Anderson Energy Infrastructure Fund (KYN) and EIP Growth and Income Fund (NEW) (EIPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KYN achieves a 13.11% return, which is significantly lower than EIPIX's 15.64% return.

KYN

• 1D: 1.66%
• 1M: -4.22%
• YTD: 13.11%
• 6M: 16.98%
• 1Y: 17.77%
• 3Y*: 29.66%
• 5Y*: 19.34%
• 10Y*: 6.40%

EIPIX

• 1D: 0.00%
• 1M: -3.89%
• YTD: 15.64%
• 6M: 15.98%
• 1Y: 20.70%
• 3Y*: 19.33%
• 5Y*: 15.90%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KYN vs. EIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KYN Kayne Anderson Energy Infrastructure Fund	13.11%	5.34%	60.45%	13.19%	20.50%	44.21%	-51.60%	11.52%	-19.35%	7.33%
EIPIX EIP Growth and Income Fund (NEW)	15.64%	11.31%	26.74%	6.25%	16.19%	21.80%	-9.85%	23.09%	-11.68%	-0.68%

Correlation

The correlation between KYN and EIPIX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 17, 2016	0.75

Over the past year, the correlation between KYN and EIPIX has dropped to 0.54 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

KYN vs. EIPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KYN

KYN Risk / Return Rank: 21
KYN Sharpe Ratio Rank: 16
KYN Sortino Ratio Rank: 15
KYN Omega Ratio Rank: 14
KYN Calmar Ratio Rank: 33
KYN Martin Ratio Rank: 24

EIPIX

EIPIX Risk / Return Rank: 70
EIPIX Sharpe Ratio Rank: 61
EIPIX Sortino Ratio Rank: 68
EIPIX Omega Ratio Rank: 51
EIPIX Calmar Ratio Rank: 92
EIPIX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KYN vs. EIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kayne Anderson Energy Infrastructure Fund (KYN) and EIP Growth and Income Fund (NEW) (EIPIX). 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.

	KYN	EIPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.12	-1.06
Sortino ratio: Return per unit of downside risk	1.51	3.13	-1.62
Omega ratio: Gain probability vs. loss probability	1.18	1.36	-0.18
Calmar ratio: Return relative to maximum drawdown	2.07	4.67	-2.60
Martin ratio: Return relative to average drawdown	5.42	13.80	-8.38

KYN vs. EIPIX - Sharpe Ratio Comparison

The current KYN Sharpe Ratio is 1.05, which is lower than the EIPIX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of KYN and EIPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KYN vs. EIPIX - Drawdown Comparison

The maximum KYN drawdown since its inception was -91.43%, which is greater than EIPIX's maximum drawdown of -43.98%. Use the drawdown chart below to compare losses from any high point for KYN and EIPIX.

Drawdown Indicators

	KYN	EIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-91.43%	-43.98%	-47.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-4.51%	-4.13%
Max Drawdown (3Y) Largest decline over 3 years	-21.65%	-13.00%	-8.65%
Max Drawdown (5Y) Largest decline over 5 years	-21.65%	-16.71%	-4.94%
Max Drawdown (10Y) Largest decline over 10 years	-87.74%	—	—
Current Drawdown Current decline from peak	-6.72%	-4.32%	-2.40%
Average Drawdown Average peak-to-trough decline	-26.90%	-5.01%	-21.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	1.52%	+1.77%

Volatility

KYN vs. EIPIX - Volatility Comparison

Kayne Anderson Energy Infrastructure Fund (KYN) has a higher volatility of 4.92% compared to EIP Growth and Income Fund (NEW) (EIPIX) at 3.15%. This indicates that KYN's price experiences larger fluctuations and is considered to be riskier than EIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KYN	EIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	3.15%	+1.77%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	7.71%	+4.99%
Volatility (1Y) Calculated over the trailing 1-year period	16.95%	9.94%	+7.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.09%	15.61%	+7.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.86%	18.69%	+22.17%

KYN vs. EIPIX - Expense Ratio Comparison

KYN has a 2.00% expense ratio, which is higher than EIPIX's 1.25% expense ratio.

Dividends

KYN vs. EIPIX - Dividend Comparison

KYN's dividend yield for the trailing twelve months is around 7.34%, less than EIPIX's 13.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIPIX EIP Growth and Income Fund (NEW)	13.59%	15.71%	7.60%	4.09%	25.10%	3.44%	4.02%	3.44%	3.45%	1.77%	0.78%	0.00%
KYN Kayne Anderson Energy Infrastructure Fund	7.34%	7.75%	8.34%	9.45%	9.05%	6.42%	16.17%	10.34%	14.17%	9.97%	11.24%	15.20%

Frequently Asked Questions

Can I hold both KYN and EIPIX in my portfolio?

KYN and EIPIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KYN or EIPIX?

KYN has higher volatility (4.92%) compared to EIPIX (3.15%). In terms of maximum drawdown, KYN dropped -91.43% vs EIPIX's -43.98%.

Which has better risk-adjusted returns?

EIPIX currently has the higher Sharpe Ratio (2.12 vs 1.05), 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.