FCVT vs. KNG
FCVT (First Trust SSI Strategic Convertible Securities ETF) and KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - FCVT is a Preferred Stock/Convertible Bonds 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. FCVT is actively managed, while KNG is passively managed. Over the past 5 years, FCVT returned 6.75%/yr vs 5.39%/yr for KNG. A 0.51 correlation means they provide meaningful diversification when combined. FCVT charges 0.95%/yr vs 0.75%/yr for KNG.
Performance
FCVT vs. KNG - Performance Comparison
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Returns By Period
In the year-to-date period, FCVT achieves a 24.74% return, which is significantly higher than KNG's 4.84% return.
FCVT
- 1D
- -2.29%
- 1M
- 2.99%
- YTD
- 24.74%
- 6M
- 22.65%
- 1Y
- 43.93%
- 3Y*
- 20.64%
- 5Y*
- 6.75%
- 10Y*
- 12.06%
KNG
- 1D
- 0.65%
- 1M
- 2.07%
- YTD
- 4.84%
- 6M
- 4.41%
- 1Y
- 10.46%
- 3Y*
- 7.42%
- 5Y*
- 5.39%
- 10Y*
- —
FCVT vs. KNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 24.74% | 19.60% | 11.92% | 7.12% | -20.88% | 4.23% | 51.02% | 22.30% | -5.99% |
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 4.84% | 6.63% | 5.99% | 7.48% | -7.03% | 24.78% | 7.21% | 26.64% | -1.56% |
Correlation
The correlation between FCVT and KNG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | 0.51 |
Over the past year, the correlation between FCVT and KNG has dropped to 0.21 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
FCVT vs. KNG — Risk / Return Rank
FCVT
KNG
FCVT vs. KNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust SSI Strategic Convertible Securities ETF (FCVT) and FT 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.
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.
| FCVT | KNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.18 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.21 | 1.22 | +3.99 |
| Martin ratioReturn relative to average drawdown | 18.41 | 3.07 | +15.34 |
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Drawdowns
FCVT vs. KNG - Drawdown Comparison
The maximum FCVT drawdown since its inception was -31.79%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for FCVT and KNG.
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Drawdown Indicators
| FCVT | KNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.79% | -35.12% | +3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -8.61% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -14.24% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -30.43% | -18.20% | -12.23% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | -3.46% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -10.32% | -4.13% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 3.42% | -1.03% |
Volatility
FCVT vs. KNG - Volatility Comparison
First Trust SSI Strategic Convertible Securities ETF (FCVT) has a higher volatility of 7.27% compared to FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 3.00%. This indicates that FCVT's price experiences larger fluctuations and is considered to be riskier 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
| FCVT | KNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 3.00% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 7.59% | +6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 10.41% | +6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 13.58% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 17.15% | -2.16% |
FCVT vs. KNG - Expense Ratio Comparison
FCVT has a 0.95% expense ratio, which is higher than KNG's 0.75% expense ratio.
Dividends
FCVT vs. KNG - Dividend Comparison
FCVT's dividend yield for the trailing twelve months is around 1.20%, less than KNG's 8.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.20% | 1.98% | 1.30% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.45% | 8.61% | 9.08% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCVT and KNG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCVT has higher volatility (7.27%) compared to KNG (3.00%). In terms of maximum drawdown, FCVT dropped -31.79% vs KNG's -35.12%.
On 5-year performance, FCVT leads with 6.75% vs 5.39% for KNG. On fees, KNG is cheaper at 0.75% per year. On volatility, KNG has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FCVT has performed better with a 6.75% return vs 5.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KNG is cheaper with a 0.75% expense ratio, compared with 0.95% for FCVT.
KNG has the higher dividend yield at 8.45%, compared with 1.20% for FCVT.
FCVT is categorized as Preferred Stock/Convertible Bonds, while KNG is Dividend. Their fees differ too: 0.95% for FCVT and 0.75% for KNG.
FCVT currently has the higher Sharpe Ratio (2.57 vs 1.01), 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.
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