PPT vs. KIO
PPT (Putnam Premier Income Trust) and KIO (KKR Income Opportunities Fund) are both Multisector Bonds funds. Over the past 10 years, PPT returned 4.79%/yr vs 7.92%/yr for KIO. At a 0.30 correlation, their price movements are largely independent.
Performance
PPT vs. KIO - Performance Comparison
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Returns By Period
In the year-to-date period, PPT achieves a 1.69% return, which is significantly lower than KIO's 2.77% return. Over the past 10 years, PPT has underperformed KIO with an annualized return of 4.79%, while KIO has yielded a comparatively higher 7.92% annualized return.
PPT
- 1D
- 0.00%
- 1M
- 0.18%
- YTD
- 1.69%
- 6M
- 0.18%
- 1Y
- 2.56%
- 3Y*
- 7.51%
- 5Y*
- 2.37%
- 10Y*
- 4.79%
KIO
- 1D
- -0.35%
- 1M
- 1.08%
- YTD
- 2.77%
- 6M
- 3.32%
- 1Y
- 4.71%
- 3Y*
- 12.54%
- 5Y*
- 3.74%
- 10Y*
- 7.92%
PPT vs. KIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 1.69% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
KIO KKR Income Opportunities Fund | 2.77% | -2.49% | 18.45% | 31.53% | -28.25% | 26.82% | 2.04% | 21.92% | -2.53% | 9.68% |
Correlation
The correlation between PPT and KIO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2013 | 0.30 |
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Return for Risk
PPT vs. KIO — Risk / Return Rank
PPT
KIO
PPT vs. KIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Premier Income Trust (PPT) 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.
| PPT | KIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.09 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 0.43 | +0.08 |
| Martin ratioReturn relative to average drawdown | 1.23 | 0.94 | +0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPT | KIO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.47 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.29 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.48 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.39 | -0.22 |
Drawdowns
PPT vs. KIO - Drawdown Comparison
The maximum PPT drawdown since its inception was -49.76%, which is greater than KIO's maximum drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for PPT and KIO.
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Drawdown Indicators
| PPT | KIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.76% | -43.87% | -5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -11.01% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -22.85% | +13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -31.87% | +12.95% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -43.87% | +12.08% |
Current DrawdownCurrent decline from peak | -2.78% | -8.51% | +5.73% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -8.08% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 5.00% | -2.90% |
Volatility
PPT vs. KIO - Volatility Comparison
Putnam Premier Income Trust (PPT) and KKR Income Opportunities Fund (KIO) have volatilities of 2.44% and 2.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPT | KIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 2.55% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 7.70% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.37% | 9.96% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 13.18% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 16.39% | -1.92% |
Dividends
PPT vs. KIO - Dividend Comparison
PPT's dividend yield for the trailing twelve months is around 8.99%, less than KIO's 12.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIO KKR Income Opportunities Fund | 12.91% | 12.58% | 10.90% | 11.32% | 11.44% | 7.45% | 10.12% | 9.51% | 10.53% | 9.66% | 9.92% | 10.81% |
PPT Putnam Premier Income Trust | 8.99% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
Frequently Asked Questions
PPT and KIO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KIO has higher volatility (2.55%) compared to PPT (2.44%). In terms of maximum drawdown, PPT dropped -49.76% vs KIO's -43.87%.
KIO currently has the higher Sharpe Ratio (0.47 vs 0.27), 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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