KYN vs. SO

Last updated Jun 24, 2026

KYN (Kayne Anderson Energy Infrastructure Fund) is Energy Equities fund actively managed by Kayne Anderson, while SO (The Southern Company) is a stock. Over the past 10 years, KYN returned 6.56%/yr vs 10.91%/yr for SO. At a 0.15 correlation, their price movements are largely independent.

Performance

KYN vs. SO - Performance Comparison

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

Returns By Period

In the year-to-date period, KYN achieves a 14.87% return, which is significantly higher than SO's 11.11% return. Over the past 10 years, KYN has underperformed SO with an annualized return of 6.56%, while SO has yielded a comparatively higher 10.91% annualized return.

KYN

• 1D: 1.56%
• 1M: -2.73%
• YTD: 14.87%
• 6M: 18.51%
• 1Y: 20.38%
• 3Y*: 30.33%
• 5Y*: 20.04%
• 10Y*: 6.56%

SO

• 1D: 1.61%
• 1M: 0.84%
• YTD: 11.11%
• 6M: 12.15%
• 1Y: 8.59%
• 3Y*: 14.57%
• 5Y*: 13.46%
• 10Y*: 10.91%

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

KYN vs. SO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KYN Kayne Anderson Energy Infrastructure Fund	14.87%	5.34%	60.45%	13.19%	20.50%	44.21%	-51.60%	11.52%	-19.35%	7.33%
SO The Southern Company	11.11%	9.47%	21.72%	2.21%	8.24%	16.34%	0.63%	51.65%	-3.75%	2.42%

Correlation

The correlation between KYN and SO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 28, 2004	0.15

Fundamentals

Market Cap KYN : $2.08B SO : $107.08B
EPS KYN : $5.50 SO : $3.92
PE Ratio KYN : 2.24 SO : 24.22
PEG Ratio KYN : 0.00 SO : 1.50
PS Ratio KYN : 23.84 SO : 3.50
PB Ratio KYN : 0.83 SO : 2.88
Total Revenue (TTM) KYN : $133.71M SO : $30.17B
Gross Profit (TTM) KYN : $112.99M SO : $13.01B
EBITDA (TTM) KYN : $863.04M SO : $14.44B

Return for Risk

KYN vs. SO — Risk / Return Rank

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

KYN

KYN Risk / Return Rank: 26
KYN Sharpe Ratio Rank: 20
KYN Sortino Ratio Rank: 19
KYN Omega Ratio Rank: 18
KYN Calmar Ratio Rank: 42
KYN Martin Ratio Rank: 28

SO

SO Risk / Return Rank: 55
SO Sharpe Ratio Rank: 60
SO Sortino Ratio Rank: 53
SO Omega Ratio Rank: 51
SO Calmar Ratio Rank: 56
SO Martin Ratio Rank: 57

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. SO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kayne Anderson Energy Infrastructure Fund (KYN) and The Southern Company (SO). 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	SO	Difference
Sharpe ratio: Return per unit of total volatility	1.21	0.53	+0.67
Sortino ratio: Return per unit of downside risk	1.70	0.87	+0.83
Omega ratio: Gain probability vs. loss probability	1.21	1.10	+0.11
Calmar ratio: Return relative to maximum drawdown	2.37	0.58	+1.79
Martin ratio: Return relative to average drawdown	6.18	1.34	+4.84

KYN vs. SO - Sharpe Ratio Comparison

The current KYN Sharpe Ratio is 1.21, which is higher than the SO Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of KYN and SO, 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. SO - Drawdown Comparison

The maximum KYN drawdown since its inception was -91.43%, which is greater than SO's maximum drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for KYN and SO.

Drawdown Indicators

	KYN	SO	Difference
Max Drawdown Largest peak-to-trough decline	-91.43%	-38.43%	-53.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-14.99%	+6.35%
Max Drawdown (3Y) Largest decline over 3 years	-21.65%	-14.99%	-6.66%
Max Drawdown (5Y) Largest decline over 5 years	-21.65%	-23.28%	+1.63%
Max Drawdown (10Y) Largest decline over 10 years	-87.74%	-38.43%	-49.31%
Current Drawdown Current decline from peak	-5.27%	-3.00%	-2.27%
Average Drawdown Average peak-to-trough decline	-26.90%	-6.87%	-20.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	6.42%	-3.12%

Volatility

KYN vs. SO - Volatility Comparison

The current volatility for Kayne Anderson Energy Infrastructure Fund (KYN) is 5.22%, while The Southern Company (SO) has a volatility of 6.03%. This indicates that KYN experiences smaller price fluctuations and is considered to be less risky than SO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KYN	SO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	6.03%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	12.68%	13.11%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	16.99%	16.29%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.10%	18.62%	+4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.85%	21.99%	+18.86%

Dividends

KYN vs. SO - Dividend Comparison

KYN's dividend yield for the trailing twelve months is around 7.23%, more than SO's 3.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KYN Kayne Anderson Energy Infrastructure Fund	7.23%	7.75%	8.34%	9.45%	9.05%	6.42%	16.17%	10.34%	14.17%	9.97%	11.24%	15.20%
SO The Southern Company	3.57%	3.37%	3.47%	3.96%	3.78%	3.82%	4.13%	3.86%	5.42%	4.78%	4.52%	4.60%

Frequently Asked Questions

Can I hold both KYN and SO in my portfolio?

KYN and SO have a correlation of 0.18, 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 SO?

SO has higher volatility (6.03%) compared to KYN (5.22%). In terms of maximum drawdown, KYN dropped -91.43% vs SO's -38.43%.

Which has better risk-adjusted returns?

KYN currently has the higher Sharpe Ratio (1.21 vs 0.53), 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.