BXMX vs. KNGLX

Last updated Jun 4, 2026

BXMX (Nuveen S&P 500 Buy-Write Income Fund) and KNGLX (CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund) are both mutual funds - BXMX is a S&P 500 fund actively managed by Nuveen, while KNGLX is a Derivative Income fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. BXMX is actively managed, while KNGLX is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. BXMX charges 0.89%/yr vs 1.20%/yr for KNGLX.

Performance

BXMX vs. KNGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen S&P 500 Buy-Write Income Fund (BXMX) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BXMX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KNGLX

• 1D: 0.27%
• 1M: 1.09%
• YTD: 2.66%
• 6M: 2.73%
• 1Y: 7.63%
• 3Y*: 5.89%
• 5Y*: 3.44%
• 10Y*: —

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

BXMX vs. KNGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BXMX Nuveen S&P 500 Buy-Write Income Fund	-8.03%	13.74%	17.26%	9.10%	-7.18%	20.83%	1.11%	22.22%	-9.13%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	2.66%	6.43%	2.91%	6.46%	-7.29%	23.23%	7.08%	26.58%	-4.64%

Correlation

The correlation between BXMX and KNGLX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jan 3, 2018	0.57

Over the past year, the correlation between BXMX and KNGLX has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

BXMX vs. KNGLX — Risk / Return Rank

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

KNGLX

KNGLX Risk / Return Rank: 9
KNGLX Sharpe Ratio Rank: 9
KNGLX Sortino Ratio Rank: 9
KNGLX Omega Ratio Rank: 8
KNGLX Calmar Ratio Rank: 9
KNGLX Martin Ratio Rank: 8

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.

BXMX vs. KNGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Buy-Write Income Fund (BXMX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BXMX	KNGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.41	—

Drawdowns

Drawdown Indicators

	BXMX	KNGLX	Difference
Max Drawdown Largest peak-to-trough decline	—	-31.48%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.25%	—
Current Drawdown Current decline from peak	—	-5.58%	—
Average Drawdown Average peak-to-trough decline	—	-4.62%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.27%	—

Volatility

Volatility by Period

	BXMX	KNGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.02%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.15%	—

BXMX vs. KNGLX - Expense Ratio Comparison

BXMX has a 0.89% expense ratio, which is lower than KNGLX's 1.20% expense ratio.

Dividends

BXMX vs. KNGLX - Dividend Comparison

BXMX's dividend yield for the trailing twelve months is around 8.22%, less than KNGLX's 12.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BXMX Nuveen S&P 500 Buy-Write Income Fund	8.22%	7.41%	7.02%	7.37%	7.48%	5.87%	6.81%	6.76%	8.12%	6.41%	7.33%	7.42%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	12.76%	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

Can I hold both BXMX and KNGLX in my portfolio?

BXMX and KNGLX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.