AGQI vs. KNG

Last updated Aug 5, 2026

AGQI (First Trust Active Global Quality Income ETF) and KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - AGQI is a Quality Factor 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 23.90% vs 14.21% for KNG. Their 0.57 correlation means they have sometimes moved together and sometimes differently. 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 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 15.34% return, which is significantly higher than KNG's 10.69% return.

AGQI

• 1D: 1.09%
• 1M: 3.24%
• 6M: 8.33%
• YTD: 15.34%
• 1Y: 23.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.20%

KNG

• 1D: 1.25%
• 1M: 1.01%
• 6M: 4.76%
• YTD: 10.69%
• 1Y: 14.21%
• 3Y*: 7.99%
• 5Y*: 6.03%
• 10Y*: —
• ALL TIME*: 9.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGQI First Trust Active Global Quality Income ETF	$94.14K	$67.18K	$59.80K
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	$19.31M	$15.69M	$14.57M

AGQI vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AGQI First Trust Active Global Quality Income ETF	15.34%	26.67%	2.98%	4.43%
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	10.69%	6.63%	5.99%	5.53%

Correlation

The correlation between AGQI and KNG is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.57

The correlation between AGQI and KNG shifts across timeframes, from 0.44 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

AGQI vs. KNG - Sectors Allocation Comparison

Sectors	AGQI	KNG
Technology	21.6%	4.4%
Financial Services	15.4%	13.0%
Consumer Defensive	14.3%	23.4%
Industrials	12.5%	20.8%
Consumer Cyclical	12.3%	5.4%
Healthcare	6.7%	10.8%
Communication Services	6.1%	-
Basic Materials	4.8%	9.8%
Energy	4.0%	2.5%
Utilities	2.2%	5.6%
Real Estate	-	4.2%

Return for Risk

AGQI vs. KNG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AGQI

AGQI Risk / Return Rank: 72
AGQI Sharpe Ratio Rank: 76
AGQI Sortino Ratio Rank: 73
AGQI Omega Ratio Rank: 76
AGQI Calmar Ratio Rank: 66
AGQI Martin Ratio Rank: 67

KNG

KNG Risk / Return Rank: 44
KNG Sharpe Ratio Rank: 46
KNG Sortino Ratio Rank: 50
KNG Omega Ratio Rank: 43
KNG Calmar Ratio Rank: 42
KNG Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGQI	KNG	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.31	+0.65
Sortino ratio: Return per unit of downside risk	2.66	2.01	+0.65
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.13
Calmar ratio: Return relative to maximum drawdown	2.62	1.66	+0.97
Martin ratio: Return relative to average drawdown	9.24	4.16	+5.08

AGQI vs. KNG - Sharpe Ratio Comparison

The current AGQI Sharpe Ratio is 1.96, which is higher than the KNG Sharpe Ratio of 1.31. 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.

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	0.00%	-0.33%	+0.33%
Average Drawdown Average peak-to-trough decline	-2.12%	-4.09%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	3.43%	-0.84%

Volatility

AGQI vs. KNG - Volatility Comparison

The current volatility for First Trust Active Global Quality Income ETF (AGQI) is 3.75%, while FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a volatility of 4.46%. This indicates that AGQI experiences smaller price fluctuations and is considered to be less risky 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	3.75%	4.46%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	8.43%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	10.92%	+1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.67%	13.65%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.67%	17.12%	-4.45%

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 1.66%, less than KNG's 8.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AGQI First Trust Active Global Quality Income ETF	1.66%	2.54%	2.14%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	8.12%	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 0.44, 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?

KNG has higher volatility (4.46%) compared to AGQI (3.75%). 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 23.90% vs 14.21% for KNG. On fees, KNG is cheaper at 0.75% per year. On volatility, AGQI has been the lower-risk option at 3.75%. 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 23.90% return vs 14.21%. 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 8.12%, compared with 1.66% for AGQI.

What is the main difference between AGQI and KNG?

AGQI is categorized as Quality Factor, 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 (1.96 vs 1.31), 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.