AGQI vs. KNG

Last updated Jun 5, 2026

AGQI (First Trust Active Global Quality Income ETF) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - AGQI is a Global 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. AGQI is actively managed, while KNG is passively managed. Over the past year, AGQI returned 24.01% vs 8.66% for KNG. A 0.61 correlation means they provide meaningful diversification when combined. AGQI charges 0.85%/yr vs 0.75%/yr for KNG.

Performance

AGQI vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Global Quality Income ETF (AGQI) 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, AGQI achieves a 11.27% return, which is significantly higher than KNG's 3.13% return.

AGQI

• 1D: 0.09%
• 1M: 2.06%
• YTD: 11.27%
• 6M: 12.49%
• 1Y: 24.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KNG

• 1D: 0.91%
• 1M: 0.83%
• YTD: 3.13%
• 6M: 3.55%
• 1Y: 8.66%
• 3Y*: 7.53%
• 5Y*: 4.50%
• 10Y*: —

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

AGQI vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AGQI First Trust Active Global Quality Income ETF	11.27%	26.67%	2.98%	5.25%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	3.13%	6.63%	5.99%	5.14%

Correlation

The correlation between AGQI and KNG is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since Nov 22, 2023	0.61

The correlation between AGQI and KNG has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.

AGQI vs. KNG - Sectors Allocation Comparison

Sectors	AGQI	KNG
Technology	17.4%	4.3%
Financial Services	14.7%	12.7%
Consumer Defensive	14.6%	23.5%
Industrials	11.4%	20.3%
Energy	10.4%	3.0%
Healthcare	9.6%	10.1%
Communication Services	6.6%	-
Utilities	6.2%	6.1%
Consumer Cyclical	5.5%	5.5%
Basic Materials	3.6%	10.2%
Real Estate	-	4.4%

Return for Risk

AGQI vs. KNG — Risk / Return Rank

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

AGQI

AGQI Risk / Return Rank: 59
AGQI Sharpe Ratio Rank: 63
AGQI Sortino Ratio Rank: 61
AGQI Omega Ratio Rank: 62
AGQI Calmar Ratio Rank: 54
AGQI Martin Ratio Rank: 55

KNG

KNG Risk / Return Rank: 24
KNG Sharpe Ratio Rank: 25
KNG Sortino Ratio Rank: 25
KNG Omega Ratio Rank: 23
KNG Calmar Ratio Rank: 23
KNG Martin Ratio Rank: 22

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.

AGQI vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Global Quality Income ETF (AGQI) 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.

	AGQI	KNG	Difference
Sharpe ratio: Return per unit of total volatility	2.07	0.85	+1.22
Sortino ratio: Return per unit of downside risk	2.80	1.32	+1.48
Omega ratio: Gain probability vs. loss probability	1.37	1.15	+0.22
Calmar ratio: Return relative to maximum drawdown	2.64	1.01	+1.63
Martin ratio: Return relative to average drawdown	9.43	2.61	+6.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGQI vs. KNG - Sharpe Ratio Comparison

The current AGQI Sharpe Ratio is 2.07, which is higher than the KNG Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of AGQI 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

	AGQI	KNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	0.85	+1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	0.50	+0.96

Drawdowns

AGQI vs. KNG - Drawdown Comparison

The maximum AGQI drawdown since its inception was -14.07%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for AGQI and KNG.

Drawdown Indicators

	AGQI	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-14.07%	-35.12%	+21.05%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-8.61%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.20%	—
Current Drawdown Current decline from peak	-0.22%	-5.03%	+4.81%
Average Drawdown Average peak-to-trough decline	-2.17%	-4.13%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.33%	-0.78%

Volatility

AGQI vs. KNG - Volatility Comparison

First Trust Active Global Quality Income ETF (AGQI) has a higher volatility of 3.66% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.26%. This indicates that AGQI'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

	AGQI	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	2.26%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	7.44%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	11.67%	10.22%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.56%	13.60%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.56%	17.18%	-4.62%

AGQI vs. KNG - Expense Ratio Comparison

AGQI has a 0.85% expense ratio, which is higher than KNG's 0.75% expense ratio.

Dividends

AGQI vs. KNG - Dividend Comparison

AGQI's dividend yield for the trailing twelve months is around 2.03%, less than KNG's 8.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AGQI First Trust Active Global Quality Income ETF	2.03%	2.54%	2.14%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	8.59%	8.61%	9.08%	5.91%	4.00%	3.45%	3.62%	4.09%	3.46%

Frequently Asked Questions

Can I hold both AGQI and KNG in my portfolio?

AGQI and KNG have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGQI or KNG?

AGQI has higher volatility (3.66%) compared to KNG (2.26%). In terms of maximum drawdown, AGQI dropped -14.07% vs KNG's -35.12%.

Which ETF is better, AGQI or KNG?

On 1-year performance, AGQI leads with 24.01% vs 8.66% for KNG. On fees, KNG is cheaper at 0.75% per year. On volatility, KNG has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGQI or KNG?

Over the 1-year period, AGQI has performed better with a 24.01% return vs 8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGQI or KNG?

KNG is cheaper with a 0.75% expense ratio, compared with 0.85% for AGQI.

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

KNG has the higher dividend yield at 8.59%, compared with 2.03% for AGQI.

What is the main difference between AGQI and KNG?

AGQI is categorized as Global Equities, while KNG is Dividend. Their fees differ too: 0.85% for AGQI and 0.75% for KNG.

Which has better risk-adjusted returns?

AGQI currently has the higher Sharpe Ratio (2.07 vs 0.85), 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.