BSPAX vs. KNGLX
BSPAX (iShares S&P 500 Index Fund Investor A Shares) and KNGLX (CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund) are both mutual funds - BSPAX is a S&P 500 fund tracking the S&P 500 Index, while KNGLX is a Derivative Income fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Both are passively managed. Over the past 5 years, BSPAX returned 12.71%/yr vs 5.08%/yr for KNGLX. A 0.74 correlation means they provide meaningful diversification when combined. BSPAX charges 0.35%/yr vs 1.20%/yr for KNGLX.
Performance
BSPAX vs. KNGLX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BSPAX having a 9.42% return and KNGLX slightly higher at 9.68%.
BSPAX
- 1D
- -1.01%
- 1M
- -0.53%
- 6M
- 7.88%
- YTD
- 9.42%
- 1Y
- 19.39%
- 3Y*
- 19.01%
- 5Y*
- 12.71%
- 10Y*
- 14.55%
KNGLX
- 1D
- 2.21%
- 1M
- 4.67%
- 6M
- 5.06%
- YTD
- 9.68%
- 1Y
- 12.57%
- 3Y*
- 6.55%
- 5Y*
- 5.08%
- 10Y*
- —
BSPAX vs. KNGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BSPAX iShares S&P 500 Index Fund Investor A Shares | 9.42% | 17.46% | 24.54% | 25.85% | -18.40% | 28.22% | 18.05% | 31.02% | -5.05% |
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund | 9.68% | 6.43% | 2.91% | 6.46% | -7.29% | 23.23% | 7.08% | 26.58% | -4.64% |
Correlation
The correlation between BSPAX and KNGLX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2018 | 0.74 |
Over the past year, the correlation between BSPAX and KNGLX has dropped to 0.31 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
BSPAX vs. KNGLX — Risk / Return Rank
BSPAX
KNGLX
BSPAX vs. KNGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Index Fund Investor A Shares (BSPAX) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX). 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.
| BSPAX | KNGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.49 | +0.68 |
| Martin ratioReturn relative to average drawdown | 9.50 | 3.90 | +5.60 |
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Drawdowns
BSPAX vs. KNGLX - Drawdown Comparison
The maximum BSPAX drawdown since its inception was -33.76%, which is greater than KNGLX's maximum drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for BSPAX and KNGLX.
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Drawdown Indicators
| BSPAX | KNGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -31.48% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -8.90% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -14.79% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -18.25% | -6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.76% | — | — |
Current DrawdownCurrent decline from peak | -1.90% | -0.77% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -4.59% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.39% | -1.34% |
Volatility
BSPAX vs. KNGLX - Volatility Comparison
The current volatility for iShares S&P 500 Index Fund Investor A Shares (BSPAX) is 3.37%, while CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) has a volatility of 4.47%. This indicates that BSPAX experiences smaller price fluctuations and is considered to be less risky than KNGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSPAX | KNGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 4.47% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 8.54% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 11.22% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 14.09% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 17.11% | +0.90% |
BSPAX vs. KNGLX - Expense Ratio Comparison
BSPAX has a 0.35% expense ratio, which is lower than KNGLX's 1.20% expense ratio.
Dividends
BSPAX vs. KNGLX - Dividend Comparison
BSPAX's dividend yield for the trailing twelve months is around 1.37%, less than KNGLX's 12.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSPAX iShares S&P 500 Index Fund Investor A Shares | 1.37% | 1.43% | 1.12% | 1.22% | 1.67% | 1.52% | 1.37% | 1.70% | 1.74% | 1.40% | 1.62% | 2.17% |
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund | 12.23% | 8.02% | 9.60% | 7.99% | 4.54% | 4.41% | 3.53% | 4.53% | 4.74% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSPAX and KNGLX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNGLX has higher volatility (4.47%) compared to BSPAX (3.37%). In terms of maximum drawdown, BSPAX dropped -33.76% vs KNGLX's -31.48%.
BSPAX currently has the higher Sharpe Ratio (1.55 vs 1.18), 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.
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