KMF vs VOO
Kayne Anderson NextGen Energy & Infrastructure Inc vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | KMF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 3.20% | 0.03% | |
| AUM | $501M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 39 | 509 | |
| YTD Return | +0.00% | +12.95% | |
| 1Y Return | +0.00% | +20.69% | |
| 3Y Return (annualized) | +4.81% | +22.09% | |
| 5Y Return (annualized) | +5.17% | +13.40% | |
| Volatility (annualized) | 33.2% | 14.1% | |
| Max Drawdown | -94.3% | -34.3% | |
| Fund Family | Kayne Anderson Capital Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 24, 2010 | Sep 7, 2010 |
KMF vs VOO Performance
Kayne Anderson NextGen Energy & Infrastructure Inc (KMF) is a ETF from Kayne Anderson Capital Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year KMF returned +0.00% while VOO returned +20.69%. Year to date, KMF is up 0.00% versus a gain of 12.95% for VOO.
Over three years, KMF compounded at +4.81% per year against +22.09% for VOO; over five years the annualized figures are +5.17% and +13.40% respectively. Across the full 16-year window we track, VOO has the edge at +13.50% annualized vs -0.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KMF has been the more volatile fund, with annualized monthly volatility of 33.2% compared with 14.1% for VOO. 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 -94.3% for KMF and -34.3% for VOO. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KMF charges 3.20% per year while VOO charges 0.03%. On a $10,000 position that is $320 vs $3 annually, a gap of $317 per year that compounds over a long holding period. On income, KMF currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
KMF and VOO share 10 holdings out of 526 unique holdings combined, representing a 2.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KMF or VOO?
KMF has an expense ratio of 3.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $317 per year of difference.
Which performed better, KMF or VOO?
Over the past year KMF returned +0.00% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), KMF annualized -0.39% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, KMF or VOO?
KMF has been the more volatile fund at 33.2% annualized versus 14.1% for VOO. Worst drawdown: KMF -94.3% vs VOO -34.3%.
Should I hold both KMF and VOO?
KMF and VOO have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KMF and VOO?
KMF and VOO share 10 common holdings with a 2.0% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, KMF or VOO?
KMF yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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