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 4.97%/yr vs 8.10%/yr for KIO. At 0.30, 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 1.92% return, which is significantly higher than KIO's -1.57% return. Over the past 10 years, PPT has underperformed KIO with an annualized return of 4.97%, while KIO has yielded a comparatively higher 8.10% annualized return.
PPT
- 1D
- 0.00%
- 1M
- 1.03%
- YTD
- 1.92%
- 6M
- 0.46%
- 1Y
- 10.26%
- 3Y*
- 9.03%
- 5Y*
- 2.47%
- 10Y*
- 4.97%
KIO
- 1D
- -1.25%
- 1M
- 1.39%
- YTD
- -1.57%
- 6M
- -3.27%
- 1Y
- 9.47%
- 3Y*
- 12.42%
- 5Y*
- 3.82%
- 10Y*
- 8.10%
PPT vs. KIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 1.92% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
KIO KKR Income Opportunities Fund | -1.57% | -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 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
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 | 1.03 | 1.03 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.48 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.09 | +0.81 |
Martin ratioReturn relative to average drawdown | 5.37 | 2.59 | +2.78 |
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 | 1.03 | 1.03 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.29 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.50 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.37 | -0.20 |
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 (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 | -2.57% | -12.37% | +9.80% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -8.07% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 4.65% | -2.86% |
Volatility
PPT vs. KIO - Volatility Comparison
The current volatility for Putnam Premier Income Trust (PPT) is 4.40%, while KKR Income Opportunities Fund (KIO) has a volatility of 5.41%. This indicates that PPT experiences smaller price fluctuations and is considered to be less risky 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
| PPT | KIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 5.41% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 8.55% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 10.66% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 13.16% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 16.38% | -1.91% |
Dividends
PPT vs. KIO - Dividend Comparison
PPT's dividend yield for the trailing twelve months is around 8.84%, less than KIO's 14.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 8.84% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
KIO KKR Income Opportunities Fund | 13.34% | 12.58% | 10.90% | 11.32% | 11.44% | 7.45% | 10.12% | 9.51% | 10.53% | 9.66% | 9.92% | 10.81% |