CLPAX vs. KNGLX

Last updated Jun 24, 2026

CLPAX (Catalyst Nasdaq-100 Hedged Equity Fund) and KNGLX (CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund) are both Derivative Income funds. Over the past 5 years, CLPAX returned 8.45%/yr vs 4.41%/yr for KNGLX. At a 0.50 correlation, their price movements are largely independent. CLPAX charges 1.74%/yr vs 1.20%/yr for KNGLX.

Performance

CLPAX vs. KNGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) 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

In the year-to-date period, CLPAX achieves a 14.92% return, which is significantly higher than KNGLX's 4.69% return.

CLPAX

• 1D: -0.64%
• 1M: 0.52%
• YTD: 14.92%
• 6M: 13.08%
• 1Y: 26.28%
• 3Y*: 15.85%
• 5Y*: 8.45%
• 10Y*: 8.41%

KNGLX

• 1D: -0.09%
• 1M: 1.53%
• YTD: 4.69%
• 6M: 4.22%
• 1Y: 10.14%
• 3Y*: 6.05%
• 5Y*: 4.41%
• 10Y*: —

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

CLPAX vs. KNGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	14.92%	12.32%	11.42%	35.92%	-30.54%	13.11%	5.25%	19.41%	-3.65%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	4.69%	6.43%	2.91%	6.46%	-7.29%	23.23%	7.08%	26.58%	-4.64%

Correlation

The correlation between CLPAX and KNGLX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 2, 2018	0.50

Over the past year, the correlation between CLPAX and KNGLX has dropped to 0.15 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

CLPAX vs. KNGLX — Risk / Return Rank

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

CLPAX

CLPAX Risk / Return Rank: 39
CLPAX Sharpe Ratio Rank: 47
CLPAX Sortino Ratio Rank: 44
CLPAX Omega Ratio Rank: 43
CLPAX Calmar Ratio Rank: 36
CLPAX Martin Ratio Rank: 27

KNGLX

KNGLX Risk / Return Rank: 15
KNGLX Sharpe Ratio Rank: 16
KNGLX Sortino Ratio Rank: 18
KNGLX Omega Ratio Rank: 15
KNGLX Calmar Ratio Rank: 15
KNGLX Martin Ratio Rank: 13

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.

CLPAX vs. KNGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) 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.

	CLPAX	KNGLX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.06	+0.81
Sortino ratio: Return per unit of downside risk	2.56	1.62	+0.93
Omega ratio: Gain probability vs. loss probability	1.33	1.18	+0.14
Calmar ratio: Return relative to maximum drawdown	2.14	1.29	+0.85
Martin ratio: Return relative to average drawdown	5.91	3.40	+2.51

CLPAX vs. KNGLX - Sharpe Ratio Comparison

The current CLPAX Sharpe Ratio is 1.87, which is higher than the KNGLX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of CLPAX and KNGLX, 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

CLPAX vs. KNGLX - Drawdown Comparison

The maximum CLPAX drawdown since its inception was -32.47%, roughly equal to the maximum KNGLX drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for CLPAX and KNGLX.

Drawdown Indicators

	CLPAX	KNGLX	Difference
Max Drawdown Largest peak-to-trough decline	-32.47%	-31.48%	-0.99%
Max Drawdown (1Y) Largest decline over 1 year	-12.87%	-8.90%	-3.97%
Max Drawdown (3Y) Largest decline over 3 years	-18.37%	-14.79%	-3.58%
Max Drawdown (5Y) Largest decline over 5 years	-32.47%	-18.25%	-14.22%
Max Drawdown (10Y) Largest decline over 10 years	-32.47%	—	—
Current Drawdown Current decline from peak	-2.33%	-3.70%	+1.37%
Average Drawdown Average peak-to-trough decline	-8.06%	-4.62%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.65%	3.37%	+1.28%

Volatility

CLPAX vs. KNGLX - Volatility Comparison

Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) has a higher volatility of 6.27% compared to CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) at 3.15%. This indicates that CLPAX's price experiences larger fluctuations and is considered to be riskier than KNGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLPAX	KNGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	3.15%	+3.12%
Volatility (6M) Calculated over the trailing 6-month period	11.40%	7.89%	+3.51%
Volatility (1Y) Calculated over the trailing 1-year period	14.77%	10.86%	+3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	14.01%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	17.12%	-2.54%

CLPAX vs. KNGLX - Expense Ratio Comparison

CLPAX has a 1.74% expense ratio, which is higher than KNGLX's 1.20% expense ratio.

Dividends

CLPAX vs. KNGLX - Dividend Comparison

CLPAX's dividend yield for the trailing twelve months is around 7.92%, less than KNGLX's 12.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	7.92%	9.10%	0.00%	0.00%	2.68%	0.32%	0.49%	5.41%	0.30%	0.02%	0.00%	17.26%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	12.51%	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 CLPAX and KNGLX in my portfolio?

CLPAX and KNGLX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLPAX or KNGLX?

CLPAX has higher volatility (6.27%) compared to KNGLX (3.15%). In terms of maximum drawdown, CLPAX dropped -32.47% vs KNGLX's -31.48%.

Which has better risk-adjusted returns?

CLPAX currently has the higher Sharpe Ratio (1.87 vs 1.06), 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.