FAFRX vs. KNG
Compare and contrast key facts about Franklin Floating Rate Daily Access Fund Class A (FAFRX) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).
FAFRX is an actively managed fund by Franklin Templeton. It was launched on May 1, 2001. KNG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Mar 26, 2018.
Performance
FAFRX vs. KNG - Performance Comparison
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FAFRX vs. KNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FAFRX Franklin Floating Rate Daily Access Fund Class A | -1.24% | 4.41% | 8.25% | 14.10% | -1.75% | 8.41% | -4.37% | 3.17% | -0.18% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 1.22% | 6.63% | 5.99% | 7.48% | -7.03% | 24.78% | 7.21% | 26.64% | -0.84% |
Returns By Period
In the year-to-date period, FAFRX achieves a -1.24% return, which is significantly lower than KNG's 1.22% return.
FAFRX
- 1D
- 0.14%
- 1M
- -0.28%
- YTD
- -1.24%
- 6M
- -0.55%
- 1Y
- 3.20%
- 3Y*
- 6.88%
- 5Y*
- 5.81%
- 10Y*
- 4.23%
KNG
- 1D
- -0.02%
- 1M
- -6.54%
- YTD
- 1.22%
- 6M
- 3.22%
- 1Y
- 5.13%
- 3Y*
- 6.52%
- 5Y*
- 5.64%
- 10Y*
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FAFRX vs. KNG - Expense Ratio Comparison
FAFRX has a 0.95% expense ratio, which is higher than KNG's 0.75% expense ratio.
Return for Risk
FAFRX vs. KNG — Risk / Return Rank
FAFRX
KNG
FAFRX vs. KNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund Class A (FAFRX) 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.
| FAFRX | KNG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.38 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.49 | 0.64 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.08 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.47 | +0.94 |
Martin ratioReturn relative to average drawdown | 4.92 | 1.70 | +3.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAFRX | KNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.38 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.77 | 0.42 | +1.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.49 | +0.61 |
Correlation
The correlation between FAFRX and KNG is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FAFRX vs. KNG - Dividend Comparison
FAFRX's dividend yield for the trailing twelve months is around 7.17%, less than KNG's 8.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFRX Franklin Floating Rate Daily Access Fund Class A | 7.17% | 7.76% | 9.17% | 7.43% | 5.59% | 3.47% | 4.52% | 5.38% | 4.92% | 3.55% | 4.33% | 4.84% |
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% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAFRX vs. KNG - Drawdown Comparison
The maximum FAFRX drawdown since its inception was -25.94%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for FAFRX and KNG.
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Drawdown Indicators
| FAFRX | KNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.94% | -35.12% | +9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.26% | -10.55% | +8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -18.20% | +11.92% |
Max Drawdown (10Y)Largest decline over 10 years | -18.09% | — | — |
Current DrawdownCurrent decline from peak | -1.64% | -6.79% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -4.10% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.94% | -2.25% |
Volatility
FAFRX vs. KNG - Volatility Comparison
The current volatility for Franklin Floating Rate Daily Access Fund Class A (FAFRX) is 0.87%, while FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a volatility of 3.36%. This indicates that FAFRX 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.
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Volatility by Period
| FAFRX | KNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 3.36% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 7.47% | -5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 13.64% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 13.63% | -10.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 17.30% | -13.47% |