KYN vs. QQQ
Compare and contrast key facts about Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KYN or QQQ.
Key characteristics
| KYN | QQQ | |
|---|---|---|
| YTD Return | 59.81% | 25.63% |
| 1Y Return | 70.07% | 33.85% |
| 3Y Return (Ann) | 26.39% | 9.83% |
| 5Y Return (Ann) | 11.07% | 21.21% |
| 10Y Return (Ann) | -1.11% | 18.37% |
| Sharpe Ratio | 4.26 | 2.12 |
| Sortino Ratio | 5.63 | 2.79 |
| Omega Ratio | 1.70 | 1.38 |
| Calmar Ratio | 1.47 | 2.71 |
| Martin Ratio | 38.52 | 9.88 |
| Ulcer Index | 1.87% | 3.72% |
| Daily Std Dev | 16.93% | 17.31% |
| Max Drawdown | -91.43% | -82.98% |
| Current Drawdown | -13.55% | -0.37% |
Correlation
The correlation between KYN and QQQ is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KYN vs. QQQ - Performance Comparison
In the year-to-date period, KYN achieves a 59.81% return, which is significantly higher than QQQ's 25.63% return. Over the past 10 years, KYN has underperformed QQQ with an annualized return of -1.11%, while QQQ has yielded a comparatively higher 18.37% 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. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
KYN's dividend yield for the trailing twelve months is around 7.02%, more than QQQ's 0.59% 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% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
KYN vs. QQQ - Drawdown Comparison
The maximum KYN drawdown since its inception was -91.43%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for KYN and QQQ. For additional features, visit the drawdowns tool.
Volatility
KYN vs. QQQ - Volatility Comparison
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) has a higher volatility of 5.66% compared to Invesco QQQ (QQQ) at 4.91%. This indicates that KYN's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.