AFMC vs. KNG

Last updated Jun 4, 2026

AFMC (First Trust Active Factor Mid Cap ETF) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - AFMC is a Mid Cap Blend Equities fund actively managed by First Trust, while KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. AFMC is actively managed, while KNG is passively managed. Over the past 5 years, AFMC returned 10.49%/yr vs 4.31%/yr for KNG. A 0.79 correlation means they provide meaningful diversification when combined. AFMC charges 0.65%/yr vs 0.75%/yr for KNG.

Performance

AFMC vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Factor Mid Cap ETF (AFMC) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFMC achieves a 16.54% return, which is significantly higher than KNG's 2.20% return.

AFMC

• 1D: 0.05%
• 1M: 4.34%
• YTD: 16.54%
• 6M: 17.09%
• 1Y: 28.05%
• 3Y*: 20.73%
• 5Y*: 10.49%
• 10Y*: —

KNG

• 1D: -0.04%
• 1M: 0.89%
• YTD: 2.20%
• 6M: 2.33%
• 1Y: 7.44%
• 3Y*: 7.06%
• 5Y*: 4.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFMC vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AFMC First Trust Active Factor Mid Cap ETF	16.54%	10.23%	19.06%	21.46%	-15.55%	25.75%	5.87%	2.56%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	2.20%	6.63%	5.99%	7.48%	-7.03%	24.78%	7.21%	2.48%

Correlation

The correlation between AFMC and KNG is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019	0.79

The correlation between AFMC and KNG shifts across timeframes, from 0.67 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

AFMC vs. KNG - Sectors Allocation Comparison

Sectors	AFMC	KNG
Technology	20.8%	4.3%
Industrials	17.5%	20.3%
Consumer Cyclical	13.8%	5.5%
Healthcare	12.3%	10.1%
Financial Services	11.2%	12.7%
Real Estate	5.9%	4.4%
Basic Materials	5.6%	10.2%
Consumer Defensive	5.2%	23.5%
Energy	3.7%	3.0%
Communication Services	1.9%	-
Utilities	1.5%	6.1%

Return for Risk

AFMC vs. KNG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFMC

AFMC Risk / Return Rank: 61
AFMC Sharpe Ratio Rank: 55
AFMC Sortino Ratio Rank: 57
AFMC Omega Ratio Rank: 54
AFMC Calmar Ratio Rank: 69
AFMC Martin Ratio Rank: 67

KNG

KNG Risk / Return Rank: 20
KNG Sharpe Ratio Rank: 21
KNG Sortino Ratio Rank: 21
KNG Omega Ratio Rank: 19
KNG Calmar Ratio Rank: 20
KNG Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFMC vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AFMC	KNG	Difference
Sharpe ratio: Return per unit of total volatility	1.89	0.73	+1.16
Sortino ratio: Return per unit of downside risk	2.74	1.15	+1.60
Omega ratio: Gain probability vs. loss probability	1.33	1.13	+0.20
Calmar ratio: Return relative to maximum drawdown	3.43	0.87	+2.57
Martin ratio: Return relative to average drawdown	12.40	2.25	+10.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFMC vs. KNG - Sharpe Ratio Comparison

The current AFMC Sharpe Ratio is 1.89, which is higher than the KNG Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of AFMC and KNG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AFMC	KNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	0.73	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.32	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.49	+0.05

Drawdowns

AFMC vs. KNG - Drawdown Comparison

The maximum AFMC drawdown since its inception was -42.14%, which is greater than KNG's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for AFMC and KNG.

Drawdown Indicators

	AFMC	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-42.14%	-35.12%	-7.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	-8.61%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	-14.24%	-7.75%
Max Drawdown (5Y) Largest decline over 5 years	-25.40%	-18.20%	-7.20%
Current Drawdown Current decline from peak	0.00%	-5.89%	+5.89%
Average Drawdown Average peak-to-trough decline	-7.62%	-4.13%	-3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	3.32%	-1.05%

Volatility

AFMC vs. KNG - Volatility Comparison

First Trust Active Factor Mid Cap ETF (AFMC) has a higher volatility of 4.71% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.29%. This indicates that AFMC's price experiences larger fluctuations and is considered to be riskier than KNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFMC	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	2.29%	+2.42%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	7.39%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	10.19%	+4.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	13.59%	+5.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.93%	17.18%	+5.75%

AFMC vs. KNG - Expense Ratio Comparison

AFMC has a 0.65% expense ratio, which is lower than KNG's 0.75% expense ratio.

Dividends

AFMC vs. KNG - Dividend Comparison

AFMC's dividend yield for the trailing twelve months is around 0.78%, less than KNG's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AFMC First Trust Active Factor Mid Cap ETF	0.78%	0.96%	0.64%	0.87%	1.42%	0.84%	1.05%	0.29%	0.00%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	8.67%	8.61%	9.08%	5.91%	4.00%	3.45%	3.62%	4.09%	3.46%

Frequently Asked Questions

Can I hold both AFMC and KNG in my portfolio?

AFMC and KNG have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFMC or KNG?

AFMC has higher volatility (4.71%) compared to KNG (2.29%). In terms of maximum drawdown, AFMC dropped -42.14% vs KNG's -35.12%.

Which ETF is better, AFMC or KNG?

On 5-year performance, AFMC leads with 10.49% vs 4.31% for KNG. On fees, AFMC is cheaper at 0.65% per year. On volatility, KNG has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AFMC or KNG?

Over the 5-year period, AFMC has performed better with a 10.49% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFMC or KNG?

AFMC is cheaper with a 0.65% expense ratio, compared with 0.75% for KNG.

Which ETF pays a higher dividend yield, AFMC or KNG?

KNG has the higher dividend yield at 8.67%, compared with 0.78% for AFMC.

What is the main difference between AFMC and KNG?

AFMC is categorized as Mid Cap Blend Equities, while KNG is Dividend. Their fees differ too: 0.65% for AFMC and 0.75% for KNG.

Which has better risk-adjusted returns?

AFMC currently has the higher Sharpe Ratio (1.89 vs 0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.