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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.
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Returns By Period
Formidable Fortress ETF (KONG) has returned -3.31% so far this year and 4.56% over the past 12 months.
Formidable Fortress ETF
- 1D
- 2.17%
- 1M
- -3.72%
- YTD
- -3.31%
- 6M
- -3.01%
- 1Y
- 4.56%
- 3Y*
- 6.40%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jul 22, 2021, KONG's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, your investment would double in approximately 14.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jul 2021 with a return of +7.8%, while the worst month was Jan 2022 at -6.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, KONG closed higher 53% of trading days. The best single day was Jul 30, 2021 with a return of +6.9%, while the worst single day was Aug 2, 2021 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.36% | -0.92% | -3.72% | -3.31% | |||||||||
| 2025 | 3.27% | -2.17% | -2.45% | -0.76% | 3.75% | 1.51% | 1.72% | 0.33% | 1.07% | -1.52% | 0.26% | 1.59% | 6.56% |
| 2024 | -1.54% | 3.94% | 2.40% | -5.67% | 1.88% | 0.80% | 4.34% | 2.33% | 1.43% | 1.00% | 5.14% | -6.06% | 9.67% |
| 2023 | 4.52% | -1.01% | 2.21% | -1.01% | -3.33% | 5.07% | 1.60% | 1.66% | -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% | 7.04% | 5.07% |
Benchmark Metrics
Formidable Fortress ETF has an annualized alpha of -1.72%, beta of 0.68, and R² of 0.64 versus S&P 500 Index. Calculated based on daily prices since July 23, 2021.
- This ETF participated in 78.40% of S&P 500 Index downside but only 60.57% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.68 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.72%
- Beta
- 0.68
- R²
- 0.64
- Upside Capture
- 60.57%
- Downside Capture
- 78.40%
Expense Ratio
KONG has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KONG ranks 22 for risk / return — below 22% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Formidable Fortress ETF (KONG) and compare them to a chosen benchmark (S&P 500 Index).
| KONG | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 0.90 | -0.58 |
Sortino ratioReturn per unit of downside risk | 0.57 | 1.39 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.21 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.40 | -0.84 |
Martin ratioReturn relative to average drawdown | 2.30 | 6.61 | -4.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore KONG risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Formidable Fortress ETF provided a 0.38% dividend yield over the last twelve months, with an annual payout of $0.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.11 | $0.22 | $0.18 | $0.12 | $0.03 |
Dividend yield | 0.38% | 0.37% | 0.78% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 5.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.98% | Aug 2, 2021 | 222 | Jun 16, 2022 | 423 | Feb 23, 2024 | 645 |
| -15.48% | Nov 27, 2024 | 89 | Apr 8, 2025 | 171 | Dec 11, 2025 | 260 |
| -8.54% | Jan 29, 2026 | 41 | Mar 27, 2026 | — | — | — |
| -6.13% | Apr 1, 2024 | 23 | May 1, 2024 | 50 | Jul 15, 2024 | 73 |
| -5.63% | Sep 3, 2024 | 1 | Sep 3, 2024 | 9 | Sep 16, 2024 | 10 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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