Formidable Fortress ETF (KONG)
KONG is an actively managed ETF by Formidable Asset Management. KONG launched on Jul 22, 2021 and has a 0.89% expense ratio.
ETF Info
| Issuer | Formidable Asset Management |
|---|---|
| Inception Date | Jul 22, 2021 |
| Region | Global (Broad) |
| Category | Volatility Hedged Equity, Actively Managed |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
KONG has a high expense ratio of 0.89%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Formidable Fortress ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Formidable Fortress ETF had a return of 2.70% year-to-date (YTD) and 13.64% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.70% | 11.29% |
| 1 month | 1.93% | 4.87% |
| 6 months | 7.87% | 17.88% |
| 1 year | 13.64% | 29.16% |
| 5 years (annualized) | N/A | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of KONG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.54% | 3.94% | 2.41% | -5.67% | 2.70% | ||||||||
| 2023 | 4.52% | -1.01% | 2.21% | -1.01% | -3.33% | 5.07% | 1.60% | 1.65% | -2.87% | -2.17% | 3.82% | 4.03% | 12.71% |
| 2022 | -6.57% | -1.35% | 1.13% | -5.49% | 1.16% | -4.08% | 6.31% | -3.38% | -4.81% | 6.10% | 5.66% | -3.56% | -9.63% |
| 2021 | 7.80% | -4.75% | -6.42% | 5.39% | -3.06% | 7.03% | 5.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KONG is 58, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
KONG (Formidable Fortress ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Formidable Fortress ETF (KONG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Formidable Fortress ETF granted a 0.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.18 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.12 | $0.03 |
Dividend yield | 0.67% | 0.69% | 0.49% | 0.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Formidable Fortress ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2021 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Formidable Fortress ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Formidable Fortress ETF was 19.98%, occurring on Jun 16, 2022. Recovery took 423 trading sessions.
The current Formidable Fortress ETF drawdown is 2.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.98% | Aug 2, 2021 | 222 | Jun 16, 2022 | 423 | Feb 23, 2024 | 645 |
| -6.13% | Apr 1, 2024 | 23 | May 1, 2024 | — | — | — |
| -0.95% | Mar 22, 2024 | 3 | Mar 26, 2024 | 2 | Mar 28, 2024 | 5 |
| -0.82% | Jul 26, 2021 | 3 | Jul 28, 2021 | 1 | Jul 29, 2021 | 4 |
| -0.73% | Mar 5, 2024 | 1 | Mar 5, 2024 | 2 | Mar 7, 2024 | 3 |
Volatility
Volatility Chart
The current Formidable Fortress ETF volatility is 2.99%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.