BHBFX vs. KNG
Compare and contrast key facts about Madison Dividend Income Fund (BHBFX) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).
BHBFX is managed by Madison Funds. It was launched on Dec 18, 1986. KNG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Mar 26, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHBFX or KNG.
Key characteristics
| BHBFX | KNG | |
|---|---|---|
| YTD Return | -1.19% | 2.61% |
| 1Y Return | 5.16% | 7.65% |
| 3Y Return (Ann) | 1.63% | 3.90% |
| 5Y Return (Ann) | 6.28% | 8.80% |
| Sharpe Ratio | 0.37 | 0.72 |
| Daily Std Dev | 10.95% | 9.96% |
| Max Drawdown | -42.48% | -35.12% |
| Current Drawdown | -6.50% | -3.40% |
Correlation
The correlation between BHBFX and KNG is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BHBFX vs. KNG - Performance Comparison
In the year-to-date period, BHBFX achieves a -1.19% return, which is significantly lower than KNG's 2.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BHBFX vs. KNG - Expense Ratio Comparison
BHBFX has a 0.91% expense ratio, which is higher than KNG's 0.75% expense ratio.
Risk-Adjusted Performance
BHBFX vs. KNG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Dividend Income Fund (BHBFX) 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.
Dividends
BHBFX vs. KNG - Dividend Comparison
BHBFX's dividend yield for the trailing twelve months is around 6.08%, less than KNG's 7.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHBFX Madison Dividend Income Fund | 6.08% | 6.01% | 9.39% | 11.53% | 1.53% | 3.95% | 12.73% | 3.89% | 3.76% | 6.06% | 7.59% | 4.51% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 7.86% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BHBFX vs. KNG - Drawdown Comparison
The maximum BHBFX drawdown since its inception was -42.48%, which is greater than KNG's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for BHBFX and KNG. For additional features, visit the drawdowns tool.
Volatility
BHBFX vs. KNG - Volatility Comparison
Madison Dividend Income Fund (BHBFX) has a higher volatility of 3.32% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.60%. This indicates that BHBFX'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.