ESBG vs. KNG
ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - ESBG is a Tactical Allocation 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. ESBG is actively managed, while KNG is passively managed. At a 0.40 correlation, their price movements are largely independent. ESBG charges 0.95%/yr vs 0.75%/yr for KNG.
Performance
ESBG vs. KNG - Performance Comparison
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Returns By Period
In the year-to-date period, ESBG achieves a 5.96% return, which is significantly higher than KNG's 3.13% return.
ESBG
- 1D
- 0.79%
- 1M
- 1.11%
- YTD
- 5.96%
- 6M
- 7.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KNG
- 1D
- 0.91%
- 1M
- 0.83%
- YTD
- 3.13%
- 6M
- 3.55%
- 1Y
- 8.66%
- 3Y*
- 7.53%
- 5Y*
- 4.50%
- 10Y*
- —
ESBG vs. KNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 5.96% | 5.72% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 3.13% | 3.08% |
Correlation
The correlation between ESBG and KNG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.40 |
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Return for Risk
ESBG vs. KNG — Risk / Return Rank
ESBG
KNG
ESBG vs. KNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ESBG | KNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.85 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.50 | +0.45 |
Drawdowns
ESBG vs. KNG - Drawdown Comparison
The maximum ESBG drawdown since its inception was -18.84%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for ESBG and KNG.
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Drawdown Indicators
| ESBG | KNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.84% | -35.12% | +16.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.61% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.20% | — |
Current DrawdownCurrent decline from peak | -10.14% | -5.03% | -5.11% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -4.13% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.33% | — |
Volatility
ESBG vs. KNG - Volatility Comparison
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Volatility by Period
| ESBG | KNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.19% | 10.22% | +14.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.19% | 13.60% | +11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.19% | 17.18% | +8.01% |
ESBG vs. KNG - Expense Ratio Comparison
ESBG has a 0.95% expense ratio, which is higher than KNG's 0.75% expense ratio.
Dividends
ESBG vs. KNG - Dividend Comparison
ESBG's dividend yield for the trailing twelve months is around 0.57%, less than KNG's 8.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 0.57% | 0.24% | 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 | 8.59% | 8.61% | 9.08% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% |
Frequently Asked Questions
ESBG and KNG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KNG is cheaper with a 0.75% expense ratio, compared with 0.95% for ESBG.
KNG has the higher dividend yield at 8.59%, compared with 0.57% for ESBG.
ESBG is categorized as Tactical Allocation, while KNG is Dividend. Their fees differ too: 0.95% for ESBG and 0.75% for KNG.
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