KYN vs. NMI
KYN (Kayne Anderson Energy Infrastructure Fund) and NMI (Nuveen Municipal Income Fund, Inc.) are both mutual funds - KYN is a Infrastructure Equities fund actively managed by Kayne Anderson, while NMI is a Municipal Bonds fund managed by Nuveen. Over the past 10 years, KYN returned 7.10%/yr vs 2.63%/yr for NMI. Their 0.10 correlation means their historical movements had little consistent relationship. KYN charges 2.00%/yr vs 0.72%/yr for NMI.
Performance
KYN vs. NMI - 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 NMI's 10.88% return. Over the past 10 years, KYN has outperformed NMI with an annualized return of 7.10%, while NMI has yielded a comparatively lower 2.63% annualized return.
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%
NMI
- 1D
- -0.95%
- 1M
- -1.51%
- 6M
- 9.75%
- YTD
- 10.88%
- 1Y
- 13.71%
- 3Y*
- 9.33%
- 5Y*
- 1.97%
- 10Y*
- 2.63%
- ALL TIME*
- 5.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.42M | $5.46M | $5.51M | |
| $227.28K | $191.31K | $195.63K |
KYN vs. NMI - 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% |
NMI Nuveen Municipal Income Fund, Inc. | 10.88% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | -8.07% | 7.49% |
Correlation
The correlation between KYN and NMI is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2004 | 0.10 |
The correlation between KYN and NMI shifts across timeframes, from 0.00 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KYN vs. NMI — Risk / Return Rank
KYN
NMI
KYN vs. NMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kayne Anderson Energy Infrastructure Fund (KYN) and Nuveen Municipal Income Fund, Inc. (NMI). 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 | NMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.26 | +1.83 |
| Martin ratioReturn relative to average drawdown | 7.94 | 5.63 | +2.32 |
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Drawdowns
KYN vs. NMI - Drawdown Comparison
The maximum KYN drawdown since its inception was -91.43%, which is greater than NMI's maximum drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for KYN and NMI.
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Drawdown Indicators
| KYN | NMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.43% | -28.92% | -62.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -10.96% | +2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -11.32% | -10.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -28.92% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -87.74% | -28.92% | -58.82% |
Current DrawdownCurrent decline from peak | -3.34% | -3.48% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -26.77% | -5.91% | -20.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.44% | +0.87% |
Volatility
KYN vs. NMI - Volatility Comparison
Kayne Anderson Energy Infrastructure Fund (KYN) has a higher volatility of 6.01% compared to Nuveen Municipal Income Fund, Inc. (NMI) at 2.40%. This indicates that KYN's price experiences larger fluctuations and is considered to be riskier than NMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KYN | NMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 2.40% | +3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 14.87% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 15.63% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.84% | 14.72% | +8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 15.04% | +25.73% |
KYN vs. NMI - Expense Ratio Comparison
KYN has a 2.00% expense ratio, which is higher than NMI's 0.72% expense ratio.
Dividends
KYN vs. NMI - Dividend Comparison
KYN's dividend yield for the trailing twelve months is around 6.91%, more than NMI's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NMI Nuveen Municipal Income Fund, Inc. | 4.25% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |
Frequently Asked Questions
KYN and NMI have a correlation of 0.00, 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 NMI (2.40%). In terms of maximum drawdown, KYN dropped -91.43% vs NMI's -28.92%.
KYN currently has the higher Sharpe Ratio (1.48 vs 0.88), 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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