FORH vs. KONG

Last updated Aug 2, 2026

FORH (Formidable ETF) and KONG (Formidable Fortress ETF) are both exchange-traded funds - FORH is a Mid Cap Blend Equities fund actively managed by Formidable, while KONG is a Equity Hedged fund actively managed by Formidable. Both are actively managed. Over the past 5 years, FORH returned 1.16%/yr vs 3.91%/yr for KONG. Their 0.59 correlation means they have sometimes moved together and sometimes differently. FORH charges 1.19%/yr vs 0.89%/yr for KONG.

Performance

FORH vs. KONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Formidable ETF (FORH) and Formidable Fortress ETF (KONG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FORH achieves a -0.62% return, which is significantly lower than KONG's 4.41% return.

FORH

• 1D: 0.34%
• 1M: -2.15%
• 6M: -3.25%
• YTD: -0.62%
• 1Y: 5.33%
• 3Y*: 1.88%
• 5Y*: 1.16%
• 10Y*: —
• ALL TIME*: 1.05%

KONG

• 1D: 1.20%
• 1M: 1.10%
• 6M: 3.01%
• YTD: 4.41%
• 1Y: 6.66%
• 3Y*: 8.45%
• 5Y*: 3.91%
• 10Y*: —
• ALL TIME*: 5.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FORH Formidable ETF	$33.21K	$19.16K	$18.89K
KONG Formidable Fortress ETF	$14.31K	$9.16K	$24.80K

FORH vs. KONG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FORH Formidable ETF	-0.62%	16.27%	-5.63%	-0.69%	-1.64%	0.09%
KONG Formidable Fortress ETF	4.41%	6.56%	9.67%	12.71%	-9.63%	5.15%

Correlation

The correlation between FORH and KONG is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.55
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (All Time) Calculated using the full available price history since Jul 22, 2021	0.59

The correlation between FORH and KONG has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.

FORH vs. KONG - Sectors Allocation Comparison

Sectors	FORH	KONG
Industrials	30.9%	14.4%
Healthcare	15.8%	13.1%
Energy	12.4%	5.5%
Basic Materials	10.9%	4.7%
Technology	7.9%	31.3%
Utilities	7.6%	2.4%
Consumer Cyclical	4.1%	2.8%
Consumer Defensive	3.0%	2.1%
Real Estate	2.7%	5.7%
Financial Services	2.6%	7.7%
Communication Services	2.0%	7.3%

Return for Risk

FORH vs. KONG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FORH

FORH Risk / Return Rank: 17
FORH Sharpe Ratio Rank: 18
FORH Sortino Ratio Rank: 17
FORH Omega Ratio Rank: 17
FORH Calmar Ratio Rank: 18
FORH Martin Ratio Rank: 16

KONG

KONG Risk / Return Rank: 25
KONG Sharpe Ratio Rank: 25
KONG Sortino Ratio Rank: 23
KONG Omega Ratio Rank: 23
KONG Calmar Ratio Rank: 24
KONG Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FORH vs. KONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Formidable ETF (FORH) and Formidable Fortress ETF (KONG). 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.

	FORH	KONG	Difference
Sharpe ratio: Return per unit of total volatility	0.32	0.56	-0.24
Sortino ratio: Return per unit of downside risk	0.55	0.85	-0.30
Omega ratio: Gain probability vs. loss probability	1.07	1.10	-0.04
Calmar ratio: Return relative to maximum drawdown	0.40	0.73	-0.33
Martin ratio: Return relative to average drawdown	0.69	2.73	-2.03

FORH vs. KONG - Sharpe Ratio Comparison

The current FORH Sharpe Ratio is 0.32, which is lower than the KONG Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of FORH and KONG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FORH vs. KONG - Drawdown Comparison

The maximum FORH drawdown since its inception was -20.73%, roughly equal to the maximum KONG drawdown of -19.98%. Use the drawdown chart below to compare losses from any high point for FORH and KONG.

Drawdown Indicators

	FORH	KONG	Difference
Max Drawdown Largest peak-to-trough decline	-20.73%	-19.98%	-0.75%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-8.54%	-4.26%
Max Drawdown (3Y) Largest decline over 3 years	-19.42%	-15.48%	-3.94%
Max Drawdown (5Y) Largest decline over 5 years	-20.73%	-18.34%	-2.39%
Current Drawdown Current decline from peak	-11.24%	0.00%	-11.24%
Average Drawdown Average peak-to-trough decline	-8.02%	-5.68%	-2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.41%	2.28%	+5.13%

Volatility

FORH vs. KONG - Volatility Comparison

The current volatility for Formidable ETF (FORH) is 2.92%, while Formidable Fortress ETF (KONG) has a volatility of 3.27%. This indicates that FORH experiences smaller price fluctuations and is considered to be less risky than KONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FORH	KONG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	3.27%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	8.96%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	11.14%	+4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.99%	14.19%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.92%	14.50%	+1.42%

FORH vs. KONG - Expense Ratio Comparison

FORH has a 1.19% expense ratio, which is higher than KONG's 0.89% expense ratio.

Dividends

FORH vs. KONG - Dividend Comparison

FORH's dividend yield for the trailing twelve months is around 1.84%, more than KONG's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021
FORH Formidable ETF	1.84%	1.82%	0.00%	3.88%	3.72%	0.69%
KONG Formidable Fortress ETF	0.35%	0.37%	0.78%	0.69%	0.49%	0.12%

Frequently Asked Questions

Can I hold both FORH and KONG in my portfolio?

FORH and KONG have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FORH or KONG?

KONG has higher volatility (3.27%) compared to FORH (2.92%). In terms of maximum drawdown, FORH dropped -20.73% vs KONG's -19.98%.

Which ETF is better, FORH or KONG?

On 5-year performance, KONG leads with 3.91% vs 1.16% for FORH. On fees, KONG is cheaper at 0.89% per year. On volatility, FORH has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FORH or KONG?

Over the 5-year period, KONG has performed better with a 3.91% return vs 1.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FORH or KONG?

KONG is cheaper with a 0.89% expense ratio, compared with 1.19% for FORH.

Which ETF pays a higher dividend yield, FORH or KONG?

FORH has the higher dividend yield at 1.84%, compared with 0.35% for KONG.

What is the main difference between FORH and KONG?

FORH is categorized as Mid Cap Blend Equities, while KONG is Equity Hedged. Their fees differ too: 1.19% for FORH and 0.89% for KONG.

Which has better risk-adjusted returns?

KONG currently has the higher Sharpe Ratio (0.56 vs 0.32), 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.