DIVO vs. KNGLX

Last updated Apr 5, 2026

Compare and contrast key facts about Amplify CWP Enhanced Dividend Income ETF (DIVO) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX).

DIVO is an actively managed fund by Amplify. It was launched on Dec 13, 2016. KNGLX is a passively managed fund by CBOE Vest that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Sep 10, 2017.

Performance

DIVO vs. KNGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) 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, DIVO achieves a 2.35% return, which is significantly higher than KNGLX's 1.36% return.

DIVO

• 1D: 0.16%
• 1M: -1.88%
• YTD: 2.35%
• 6M: 5.13%
• 1Y: 27.48%
• 3Y*: 13.86%
• 5Y*: 11.05%
• 10Y*: —

KNGLX

• 1D: 0.00%
• 1M: -4.02%
• YTD: 1.36%
• 6M: 2.49%
• 1Y: 13.06%
• 3Y*: 5.12%
• 5Y*: 4.53%
• 10Y*: —

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

DIVO vs. KNGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DIVO Amplify CWP Enhanced Dividend Income ETF	2.35%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	24.90%	-3.21%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	1.36%	6.43%	2.91%	6.46%	-7.29%	23.23%	7.08%	26.58%	-4.64%

Correlation

The correlation between DIVO and KNGLX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

DIVO vs. KNGLX - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is lower than KNGLX's 1.20% expense ratio.

KNGLX

CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund

DIVO

Amplify CWP Enhanced Dividend Income ETF

Return for Risk

DIVO vs. KNGLX — Risk / Return Rank

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

DIVO

DIVO Risk / Return Rank: 70
DIVO Sharpe Ratio Rank: 71
DIVO Sortino Ratio Rank: 73
DIVO Omega Ratio Rank: 74
DIVO Calmar Ratio Rank: 61
DIVO Martin Ratio Rank: 71

KNGLX

KNGLX Risk / Return Rank: 10
KNGLX Sharpe Ratio Rank: 9
KNGLX Sortino Ratio Rank: 9
KNGLX Omega Ratio Rank: 8
KNGLX Calmar Ratio Rank: 10
KNGLX Martin Ratio Rank: 11

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.

DIVO vs. KNGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) 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.

	DIVO	KNGLX	Difference
Sharpe ratio Return per unit of total volatility	1.33	0.34	+0.99
Sortino ratio Return per unit of downside risk	1.94	0.60	+1.35
Omega ratio Gain probability vs. loss probability	1.29	1.08	+0.22
Calmar ratio Return relative to maximum drawdown	1.96	0.47	+1.49
Martin ratio Return relative to average drawdown	9.17	1.71	+7.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVO vs. KNGLX - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.33, which is higher than the KNGLX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of DIVO 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.

Sharpe Ratios by Period

	DIVO	KNGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	0.34	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.32	+0.61
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.41	+0.43

Drawdowns

DIVO vs. KNGLX - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, roughly equal to the maximum KNGLX drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for DIVO and KNGLX.

Drawdown Indicators

	DIVO	KNGLX	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-31.48%	+1.44%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-8.90%	+2.95%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-18.25%	+4.53%
Current Drawdown Current decline from peak	-3.81%	-6.77%	+2.96%
Average Drawdown Average peak-to-trough decline	-2.62%	-4.61%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.98%	-1.01%

Volatility

DIVO vs. KNGLX - Volatility Comparison

Amplify CWP Enhanced Dividend Income ETF (DIVO) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) have volatilities of 3.57% and 3.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	KNGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	3.51%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.01%	7.66%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	14.26%	-1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.92%	14.02%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.92%	17.25%	-2.33%

Dividends

DIVO vs. KNGLX - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.47%, less than KNGLX's 12.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	6.47%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	12.92%	8.02%	9.60%	7.99%	4.54%	4.41%	3.53%	4.53%	4.74%	0.00%