KIO vs VTI
KKR Income Opportunities Fund vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | KIO | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 4.59% | 0.03% | |
| AUM | $488M | $663.5B | |
| Dividend Yield | 12.12% | 1.07% | |
| Holdings | 327 | 3,543 | |
| YTD Return | +4.35% | +14.96% | |
| 1Y Return | -0.41% | +22.39% | |
| 3Y Return (annualized) | +9.33% | +21.51% | |
| 5Y Return (annualized) | +3.34% | +12.36% | |
| Volatility (annualized) | 14.3% | 15.4% | |
| Max Drawdown | -54.5% | -56.6% | |
| Fund Family | KKR Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 26, 2013 | May 24, 2001 |
KIO vs VTI Performance
KKR Income Opportunities Fund (KIO) is a ETF from KKR Funds and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year KIO returned -0.41% while VTI returned +22.39%. Year to date, KIO is up 4.35% versus a gain of 14.96% for VTI.
Over three years, KIO compounded at +9.33% per year against +21.51% for VTI; over five years the annualized figures are +3.34% and +12.36% respectively. Across the full 13-year window we track, VTI has the edge at +8.16% annualized vs +0.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.3% for KIO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -54.5% for KIO and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KIO charges 4.59% per year while VTI charges 0.03%. On a $10,000 position that is $459 vs $3 annually, a gap of $456 per year that compounds over a long holding period. On income, KIO currently yields 12.12% against 1.07% for VTI.
Holdings Overlap
KIO and VTI share 1 holdings out of 2879 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in KIO | Weight in VTI | Difference |
|---|---|---|---|
| NCLH | 0.34% | 0.01% | 0.33% |
Frequently Asked Questions
Which is cheaper, KIO or VTI?
KIO has an expense ratio of 4.59% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $456 per year of difference.
Which performed better, KIO or VTI?
Over the past year KIO returned -0.41% vs +22.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (13 years), KIO annualized +0.13% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, KIO or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 14.3% for KIO. Worst drawdown: KIO -54.5% vs VTI -56.6%.
Should I hold both KIO and VTI?
KIO and VTI have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KIO and VTI?
KIO and VTI share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2879 unique securities.
Which pays a higher dividend, KIO or VTI?
KIO yields 12.12% while VTI yields 1.07%, so KIO currently pays the higher dividend yield.
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