BUFR vs. KNG

Last updated Jun 4, 2026

BUFR (FT Vest Laddered Buffer ETF) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - BUFR is a Defined Outcome 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. BUFR is actively managed, while KNG is passively managed. Over the past 5 years, BUFR returned 9.98%/yr vs 4.31%/yr for KNG. A 0.69 correlation means they provide meaningful diversification when combined. BUFR charges 0.95%/yr vs 0.75%/yr for KNG.

Performance

BUFR vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Laddered Buffer ETF (BUFR) 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, BUFR achieves a 6.42% return, which is significantly higher than KNG's 2.20% return.

BUFR

• 1D: -0.21%
• 1M: 2.16%
• YTD: 6.42%
• 6M: 7.11%
• 1Y: 17.61%
• 3Y*: 14.50%
• 5Y*: 9.98%
• 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)

BUFR vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BUFR FT Vest Laddered Buffer ETF	6.42%	12.44%	14.68%	19.63%	-7.57%	11.88%	7.57%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	2.20%	6.63%	5.99%	7.48%	-7.03%	24.78%	10.02%

Correlation

The correlation between BUFR and KNG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Aug 12, 2020	0.69

Over the past year, the correlation between BUFR and KNG has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

BUFR vs. KNG - Sectors Allocation Comparison

Sectors	BUFR	KNG
Technology	35.8%	4.3%
Financial Services	11.8%	12.7%
Communication Services	11.3%	-
Consumer Cyclical	10.2%	5.5%
Healthcare	8.4%	10.1%
Industrials	7.9%	20.3%
Consumer Defensive	4.9%	23.5%
Energy	3.5%	3.0%
Utilities	2.4%	6.1%
Real Estate	1.9%	4.4%
Basic Materials	1.8%	10.2%

Return for Risk

BUFR vs. KNG — Risk / Return Rank

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

BUFR

BUFR Risk / Return Rank: 84
BUFR Sharpe Ratio Rank: 82
BUFR Sortino Ratio Rank: 86
BUFR Omega Ratio Rank: 87
BUFR Calmar Ratio Rank: 75
BUFR Martin Ratio Rank: 89

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.

BUFR vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Buffer ETF (BUFR) 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.

	BUFR	KNG	Difference
Sharpe ratio: Return per unit of total volatility	2.71	0.73	+1.98
Sortino ratio: Return per unit of downside risk	3.95	1.15	+2.80
Omega ratio: Gain probability vs. loss probability	1.55	1.13	+0.42
Calmar ratio: Return relative to maximum drawdown	3.84	0.87	+2.97
Martin ratio: Return relative to average drawdown	20.78	2.25	+18.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUFR vs. KNG - Sharpe Ratio Comparison

The current BUFR Sharpe Ratio is 2.71, which is higher than the KNG Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of BUFR 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

	BUFR	KNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	0.73	+1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.32	+0.64
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.49	+0.58

Drawdowns

BUFR vs. KNG - Drawdown Comparison

The maximum BUFR drawdown since its inception was -13.73%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for BUFR and KNG.

Drawdown Indicators

	BUFR	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-13.73%	-35.12%	+21.39%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-8.61%	+4.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.81%	-14.24%	+1.43%
Max Drawdown (5Y) Largest decline over 5 years	-13.73%	-18.20%	+4.47%
Current Drawdown Current decline from peak	-0.21%	-5.89%	+5.68%
Average Drawdown Average peak-to-trough decline	-2.09%	-4.13%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	3.32%	-2.47%

Volatility

BUFR vs. KNG - Volatility Comparison

The current volatility for FT Vest Laddered Buffer ETF (BUFR) is 1.03%, while FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a volatility of 2.29%. This indicates that BUFR 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

	BUFR	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	2.29%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	4.95%	7.39%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	6.53%	10.19%	-3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.44%	13.59%	-3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.23%	17.18%	-6.95%

BUFR vs. KNG - Expense Ratio Comparison

BUFR has a 0.95% expense ratio, which is higher than KNG's 0.75% expense ratio.

Dividends

BUFR vs. KNG - Dividend Comparison

BUFR has not paid dividends to shareholders, while KNG's dividend yield for the trailing twelve months is around 8.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BUFR FT Vest Laddered Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 BUFR and KNG in my portfolio?

BUFR and KNG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFR or KNG?

KNG has higher volatility (2.29%) compared to BUFR (1.03%). In terms of maximum drawdown, BUFR dropped -13.73% vs KNG's -35.12%.

Which ETF is better, BUFR or KNG?

On 5-year performance, BUFR leads with 9.98% vs 4.31% for KNG. On fees, KNG is cheaper at 0.75% per year. On volatility, BUFR has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFR or KNG?

Over the 5-year period, BUFR has performed better with a 9.98% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFR or KNG?

KNG is cheaper with a 0.75% expense ratio, compared with 0.95% for BUFR.

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

KNG has the higher dividend yield at 8.67%, compared with 0.00% for BUFR.

What is the main difference between BUFR and KNG?

BUFR is categorized as Defined Outcome, while KNG is Dividend. Their fees differ too: 0.95% for BUFR and 0.75% for KNG.

Which has better risk-adjusted returns?

BUFR currently has the higher Sharpe Ratio (2.71 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.