MMT vs. KIO
MMT (MFS Multimarket Income Trust) and KIO (KKR Income Opportunities Fund) are both Multisector Bonds funds. Over the past 10 years, MMT returned 5.91%/yr vs 7.75%/yr for KIO. At a 0.37 correlation, their price movements are largely independent. MMT charges 0.03%/yr vs 0.04%/yr for KIO.
Performance
MMT vs. KIO - Performance Comparison
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Returns By Period
In the year-to-date period, MMT achieves a 0.86% return, which is significantly lower than KIO's 2.88% return. Over the past 10 years, MMT has underperformed KIO with an annualized return of 5.91%, while KIO has yielded a comparatively higher 7.75% annualized return.
MMT
- 1D
- 0.45%
- 1M
- 0.74%
- YTD
- 0.86%
- 6M
- 0.64%
- 1Y
- 6.20%
- 3Y*
- 9.33%
- 5Y*
- 2.01%
- 10Y*
- 5.91%
KIO
- 1D
- -0.27%
- 1M
- 0.46%
- YTD
- 2.88%
- 6M
- 2.97%
- 1Y
- 2.86%
- 3Y*
- 10.75%
- 5Y*
- 3.67%
- 10Y*
- 7.75%
MMT vs. KIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMT MFS Multimarket Income Trust | 0.86% | 8.10% | 12.40% | 10.14% | -22.96% | 13.11% | 8.88% | 30.32% | -7.70% | 9.29% |
KIO KKR Income Opportunities Fund | 2.88% | -2.49% | 18.45% | 31.53% | -28.25% | 26.82% | 2.04% | 21.92% | -2.53% | 9.68% |
Correlation
The correlation between MMT and KIO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2013 | 0.37 |
The correlation between MMT and KIO shifts across timeframes, from 0.33 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MMT vs. KIO — Risk / Return Rank
MMT
KIO
MMT vs. KIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Multimarket Income Trust (MMT) and KKR Income Opportunities Fund (KIO). 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.
| MMT | KIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.06 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.26 | +0.88 |
| Martin ratioReturn relative to average drawdown | 2.88 | 0.57 | +2.32 |
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Drawdowns
MMT vs. KIO - Drawdown Comparison
The maximum MMT drawdown since its inception was -35.70%, smaller than the maximum KIO drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for MMT and KIO.
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Drawdown Indicators
| MMT | KIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -43.87% | +8.17% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -11.01% | +5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -22.85% | +14.62% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -31.87% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -43.87% | +8.17% |
Current DrawdownCurrent decline from peak | -2.79% | -8.41% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -8.08% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 5.06% | -2.91% |
Volatility
MMT vs. KIO - Volatility Comparison
MFS Multimarket Income Trust (MMT) has a higher volatility of 2.48% compared to KKR Income Opportunities Fund (KIO) at 2.27%. This indicates that MMT's price experiences larger fluctuations and is considered to be riskier than KIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMT | KIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 2.27% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 7.74% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 10.04% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.62% | 13.18% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 16.37% | -2.07% |
MMT vs. KIO - Expense Ratio Comparison
MMT has a 0.03% expense ratio, which is lower than KIO's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MMT vs. KIO - Dividend Comparison
MMT's dividend yield for the trailing twelve months is around 8.96%, less than KIO's 13.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIO KKR Income Opportunities Fund | 13.04% | 12.58% | 10.90% | 11.32% | 11.44% | 7.45% | 10.12% | 9.51% | 10.53% | 9.66% | 9.92% | 10.81% |
MMT MFS Multimarket Income Trust | 8.96% | 8.65% | 8.65% | 8.65% | 9.38% | 7.86% | 8.07% | 8.16% | 9.86% | 8.83% | 8.71% | 9.05% |
Frequently Asked Questions
MMT and KIO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMT has higher volatility (2.48%) compared to KIO (2.27%). In terms of maximum drawdown, MMT dropped -35.70% vs KIO's -43.87%.
MMT currently has the higher Sharpe Ratio (0.70 vs 0.29), 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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