CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) Sharpe Ratio: 0.97

KNGLX's Sharpe Ratio of 0.97 indicates that for each unit of volatility, it generates 0.97 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

KNGLX Sharpe Ratio Rank

Below Average

KNGLX ranks above 20.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns may not adequately compensate for volatility taken
Consider smaller allocation given below-average risk-adjusted profile
Explore higher-ranked investments with better consistency
Assess whether the volatility profile aligns with your portfolio goals

KNGLX Sharpe Ratio Market Positioning

The chart shows KNGLX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 1.06 or lower
Yellow zone (middle 50%): 1.06 to 1.94
Green zone (top 25%): 1.94 or higher
Top 1%: 3.90+
Median: 1.58 — half of all investments score higher

How it compares to other similar mutual funds

The table compares CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund's Sharpe Ratio with other mutual funds in the Derivative Income, S&P 500 category across multiple time periods, showing how KNGLX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

Symbol	Name	1Y Sharpe Ratio
CII	BlackRock Enhanced Large Cap Core Fund	2.58
NIE	Virtus Equity & Convertible Income Fund	1.92
BMCIX	BlackRock High Equity Income Fund	1.87
BMEAX	BlackRock High Equity Income Fund Class A	1.83
SPINX	SEI Institutional Investments Trust S&P 500 Index Fund	1.78
SCAUX	Invesco Income Advantage U.S. Fund	1.78
VIIIX	Vanguard Institutional Index Fund Institutional Plus Shares	1.77
VINIX	Vanguard Institutional Index Fund Institutional Shares	1.77
SSSYX	State Street Equity 500 Index Fund Class K	1.77
BSPGX	iShares S&P 500 Index Fund Class G	1.77
KNGLX	CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	0.97

Benchmark Against

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S&P 500 Index

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Historical Sharpe Ratio

The chart shows KNGLX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when KNGLX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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