FID vs. KNG
Compare and contrast key facts about First Trust S&P International Dividend Aristocrats ETF (FID) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).
FID and KNG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FID is a passively managed fund by First Trust that tracks the performance of the S&P International Dividend Aristocrats Index. It was launched on Aug 23, 2013. 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. Both FID and KNG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FID or KNG.
Key characteristics
| FID | KNG | |
|---|---|---|
| YTD Return | 9.06% | 12.36% |
| 1Y Return | 21.47% | 21.91% |
| 3Y Return (Ann) | 2.73% | 4.88% |
| 5Y Return (Ann) | 3.49% | 9.10% |
| Sharpe Ratio | 1.90 | 2.50 |
| Sortino Ratio | 2.71 | 3.54 |
| Omega Ratio | 1.33 | 1.45 |
| Calmar Ratio | 1.21 | 2.58 |
| Martin Ratio | 10.34 | 11.92 |
| Ulcer Index | 2.17% | 1.92% |
| Daily Std Dev | 11.80% | 9.16% |
| Max Drawdown | -39.78% | -35.12% |
| Current Drawdown | -3.83% | -1.11% |
Correlation
The correlation between FID and KNG is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FID vs. KNG - Performance Comparison
In the year-to-date period, FID achieves a 9.06% return, which is significantly lower than KNG's 12.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FID vs. KNG - Expense Ratio Comparison
FID has a 0.60% expense ratio, which is lower than KNG's 0.75% expense ratio.
Risk-Adjusted Performance
FID vs. KNG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S&P International Dividend Aristocrats ETF (FID) 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.
Dividends
FID vs. KNG - Dividend Comparison
FID's dividend yield for the trailing twelve months is around 4.05%, less than KNG's 8.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FID First Trust S&P International Dividend Aristocrats ETF | 4.05% | 4.19% | 4.22% | 3.76% | 3.91% | 3.70% | 5.46% | 4.84% | 4.82% | 4.20% | 5.08% | 5.13% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.41% | 5.91% | 4.01% | 3.45% | 3.62% | 4.09% | 3.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FID vs. KNG - Drawdown Comparison
The maximum FID drawdown since its inception was -39.78%, which is greater than KNG's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for FID and KNG. For additional features, visit the drawdowns tool.
Volatility
FID vs. KNG - Volatility Comparison
First Trust S&P International Dividend Aristocrats ETF (FID) has a higher volatility of 3.58% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.65%. This indicates that FID'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.