KYN vs. EMO
KYN (Kayne Anderson Energy Infrastructure Fund) and EMO (ClearBridge Energy Midstream Opportunity Fund Inc.) are both mutual funds - KYN is a Infrastructure Equities fund actively managed by Kayne Anderson, while EMO is a MLPs fund actively managed by Franklin Templeton. Both are actively managed. Over the past 10 years, KYN returned 7.10%/yr vs 7.31%/yr for EMO. Their 0.73 correlation means they have sometimes moved together and sometimes differently. KYN charges 2.00%/yr vs 3.22%/yr for EMO.
Performance
KYN vs. EMO - Performance Comparison
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Returns By Period
In the year-to-date period, KYN achieves a 22.09% return, which is significantly higher than EMO's 20.68% return. Both investments have delivered pretty close results over the past 10 years, with KYN having a 7.10% annualized return and EMO not far ahead at 7.31%.
KYN
- 1D
- -1.03%
- 1M
- 4.68%
- 6M
- 14.42%
- YTD
- 22.09%
- 1Y
- 26.20%
- 3Y*
- 29.90%
- 5Y*
- 23.63%
- 10Y*
- 7.10%
- ALL TIME*
- 6.14%
EMO
- 1D
- -0.70%
- 1M
- 4.73%
- 6M
- 11.46%
- YTD
- 20.68%
- 1Y
- 20.65%
- 3Y*
- 29.46%
- 5Y*
- 30.65%
- 10Y*
- 7.31%
- ALL TIME*
- 4.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.88M | $2.05M | $2.43M | |
| $4.42M | $5.46M | $5.51M |
KYN vs. EMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KYN Kayne Anderson Energy Infrastructure Fund | 22.09% | 5.34% | 60.45% | 13.19% | 20.50% | 44.21% | -51.60% | 11.52% | -19.35% | 7.33% |
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 20.68% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
Correlation
The correlation between KYN and EMO is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2011 | 0.73 |
The correlation between KYN and EMO shifts across timeframes, from 0.61 (1 year) to 0.79 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
KYN vs. EMO — Risk / Return Rank
KYN
EMO
KYN vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kayne Anderson Energy Infrastructure Fund (KYN) and ClearBridge Energy Midstream Opportunity Fund Inc. (EMO). 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 | EMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.91 | +1.18 |
| Martin ratioReturn relative to average drawdown | 7.94 | 3.95 | +3.99 |
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Drawdowns
KYN vs. EMO - Drawdown Comparison
The maximum KYN drawdown since its inception was -91.43%, roughly equal to the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for KYN and EMO.
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Drawdown Indicators
| KYN | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.43% | -95.06% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -10.87% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -18.81% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -28.59% | +6.94% |
Max Drawdown (10Y)Largest decline over 10 years | -87.74% | -93.02% | +5.28% |
Current DrawdownCurrent decline from peak | -3.34% | -2.84% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -26.77% | -31.66% | +4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 5.24% | -1.93% |
Volatility
KYN vs. EMO - Volatility Comparison
Kayne Anderson Energy Infrastructure Fund (KYN) has a higher volatility of 6.01% compared to ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) at 5.14%. This indicates that KYN's price experiences larger fluctuations and is considered to be riskier than EMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KYN | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.14% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 12.68% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 16.45% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.84% | 26.05% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 41.14% | -0.37% |
KYN vs. EMO - Expense Ratio Comparison
KYN has a 2.00% expense ratio, which is lower than EMO's 3.22% expense ratio.
Dividends
KYN vs. EMO - Dividend Comparison
KYN's dividend yield for the trailing twelve months is around 6.91%, less than EMO's 8.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 8.41% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
KYN Kayne Anderson Energy Infrastructure Fund | 6.91% | 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
KYN and EMO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KYN has higher volatility (6.01%) compared to EMO (5.14%). In terms of maximum drawdown, KYN dropped -91.43% vs EMO's -95.06%.
KYN currently has the higher Sharpe Ratio (1.48 vs 1.26), 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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