SRV vs. KYN

Last updated Aug 1, 2026

SRV (NXG Cushing® Midstream Energy Fund) and KYN (Kayne Anderson Energy Infrastructure Fund) are both mutual funds - SRV is a Energy Equities fund actively managed by NXG, while KYN is a Infrastructure Equities fund actively managed by Kayne Anderson. Both are actively managed. Over the past 10 years, SRV returned 11.81%/yr vs 7.68%/yr for KYN. Their 0.51 correlation means they have sometimes moved together and sometimes differently. SRV charges 1.00%/yr vs 2.00%/yr for KYN.

Performance

SRV vs. KYN - Performance Comparison

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

Returns By Period

In the year-to-date period, SRV achieves a 29.04% return, which is significantly higher than KYN's 23.35% return. Over the past 10 years, SRV has outperformed KYN with an annualized return of 11.81%, while KYN has yielded a comparatively lower 7.68% annualized return.

SRV

• 1D: 4.38%
• 1M: -3.23%
• 6M: 22.64%
• YTD: 29.04%
• 1Y: 32.00%
• 3Y*: 21.45%
• 5Y*: 27.28%
• 10Y*: 11.81%
• ALL TIME*: -0.55%

KYN

• 1D: 0.90%
• 1M: 5.76%
• 6M: 14.99%
• YTD: 23.35%
• 1Y: 27.51%
• 3Y*: 29.39%
• 5Y*: 23.23%
• 10Y*: 7.68%
• ALL TIME*: 6.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KYN Kayne Anderson Energy Infrastructure Fund	$4.71M	$5.48M	$5.51M
SRV NXG Cushing® Midstream Energy Fund	$3.49M	$3.96M	$3.22M

SRV vs. KYN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRV NXG Cushing® Midstream Energy Fund	29.04%	5.05%	50.70%	19.88%	20.11%	50.45%	-41.65%	33.99%	-21.61%	-4.21%
KYN Kayne Anderson Energy Infrastructure Fund	23.35%	5.34%	60.45%	13.19%	20.50%	44.21%	-51.60%	11.52%	-19.35%	7.33%

Correlation

The correlation between SRV and KYN is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.44
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007	0.51

The correlation between SRV and KYN shifts across timeframes, from 0.44 (1 year) to 0.64 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

SRV vs. KYN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SRV

SRV Risk / Return Rank: 58
SRV Sharpe Ratio Rank: 59
SRV Sortino Ratio Rank: 53
SRV Omega Ratio Rank: 58
SRV Calmar Ratio Rank: 73
SRV Martin Ratio Rank: 46

KYN

KYN Risk / Return Rank: 68
KYN Sharpe Ratio Rank: 66
KYN Sortino Ratio Rank: 61
KYN Omega Ratio Rank: 58
KYN Calmar Ratio Rank: 89
KYN Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SRV vs. KYN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NXG Cushing® Midstream Energy Fund (SRV) and Kayne Anderson Energy Infrastructure Fund (KYN). 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.

	SRV	KYN	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.52	-0.11
Sortino ratio: Return per unit of downside risk	1.93	2.10	-0.17
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	2.32	3.17	-0.85
Martin ratio: Return relative to average drawdown	6.32	8.17	-1.85

SRV vs. KYN - Sharpe Ratio Comparison

The current SRV Sharpe Ratio is 1.42, which is comparable to the KYN Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SRV and KYN, 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

SRV vs. KYN - Drawdown Comparison

The maximum SRV drawdown since its inception was -92.97%, roughly equal to the maximum KYN drawdown of -91.43%. Use the drawdown chart below to compare losses from any high point for SRV and KYN.

Drawdown Indicators

	SRV	KYN	Difference
Max Drawdown Largest peak-to-trough decline	-92.97%	-91.43%	-1.54%
Max Drawdown (1Y) Largest decline over 1 year	-13.13%	-8.53%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-26.26%	-21.65%	-4.61%
Max Drawdown (5Y) Largest decline over 5 years	-26.26%	-21.65%	-4.61%
Max Drawdown (10Y) Largest decline over 10 years	-81.70%	-87.74%	+6.04%
Current Drawdown Current decline from peak	-9.98%	-2.34%	-7.64%
Average Drawdown Average peak-to-trough decline	-48.41%	-26.78%	-21.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	3.30%	+1.51%

Volatility

SRV vs. KYN - Volatility Comparison

NXG Cushing® Midstream Energy Fund (SRV) has a higher volatility of 9.35% compared to Kayne Anderson Energy Infrastructure Fund (KYN) at 5.93%. This indicates that SRV's price experiences larger fluctuations and is considered to be riskier than KYN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRV	KYN	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.35%	5.93%	+3.42%
Volatility (6M) Calculated over the trailing 6-month period	17.97%	12.80%	+5.17%
Volatility (1Y) Calculated over the trailing 1-year period	21.49%	17.73%	+3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.44%	22.84%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.35%	40.77%	-2.42%

SRV vs. KYN - Expense Ratio Comparison

SRV has a 1.00% expense ratio, which is lower than KYN's 2.00% expense ratio.

Dividends

SRV vs. KYN - Dividend Comparison

SRV's dividend yield for the trailing twelve months is around 16.27%, more than KYN's 6.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KYN Kayne Anderson Energy Infrastructure Fund	6.84%	7.75%	8.34%	9.45%	9.05%	6.42%	16.17%	10.34%	14.17%	9.97%	11.24%	15.20%
SRV NXG Cushing® Midstream Energy Fund	16.27%	19.31%	12.85%	15.56%	8.85%	4.72%	12.05%	10.59%	12.73%	9.07%	7.95%	11.01%

Frequently Asked Questions

Can I hold both SRV and KYN in my portfolio?

SRV and KYN have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRV or KYN?

SRV has higher volatility (9.35%) compared to KYN (5.93%). In terms of maximum drawdown, SRV dropped -92.97% vs KYN's -91.43%.

Which has better risk-adjusted returns?

KYN currently has the higher Sharpe Ratio (1.52 vs 1.42), 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.