FPWR vs. KNG
FPWR (First Trust EIP Power Solutions ETF) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - FPWR is a Utilities Equities 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. FPWR is actively managed, while KNG is passively managed. Over the past 5 years, FPWR returned 12.01%/yr vs 4.64%/yr for KNG. A 0.63 correlation means they provide meaningful diversification when combined. FPWR charges 0.96%/yr vs 0.75%/yr for KNG.
Performance
FPWR vs. KNG - Performance Comparison
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Returns By Period
In the year-to-date period, FPWR achieves a 12.96% return, which is significantly higher than KNG's 3.81% return.
FPWR
- 1D
- 0.16%
- 1M
- -1.04%
- YTD
- 12.96%
- 6M
- 11.36%
- 1Y
- 21.65%
- 3Y*
- 17.40%
- 5Y*
- 12.01%
- 10Y*
- —
KNG
- 1D
- 0.65%
- 1M
- 1.16%
- YTD
- 3.81%
- 6M
- 4.06%
- 1Y
- 9.82%
- 3Y*
- 7.72%
- 5Y*
- 4.64%
- 10Y*
- —
FPWR vs. KNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPWR First Trust EIP Power Solutions ETF | 12.96% | 16.78% | 22.60% | -3.36% | 5.28% | 12.26% | 8.98% | 5.66% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 3.81% | 6.63% | 5.99% | 7.48% | -7.03% | 24.78% | 7.21% | 10.83% |
Correlation
The correlation between FPWR and KNG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2019 | 0.63 |
The correlation between FPWR and KNG shifts across timeframes, from 0.46 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FPWR vs. KNG — Risk / Return Rank
FPWR
KNG
FPWR vs. KNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Power Solutions ETF (FPWR) 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.
| FPWR | KNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 1.15 | +3.19 |
| Martin ratioReturn relative to average drawdown | 11.59 | 2.95 | +8.64 |
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
| FPWR | KNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.96 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.34 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.50 | +0.17 |
Drawdowns
FPWR vs. KNG - Drawdown Comparison
The maximum FPWR drawdown since its inception was -32.28%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for FPWR and KNG.
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Drawdown Indicators
| FPWR | KNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -35.12% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -8.61% | +3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -14.24% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -19.88% | -18.20% | -1.68% |
Current DrawdownCurrent decline from peak | -2.96% | -4.41% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -4.13% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 3.34% | -1.47% |
Volatility
FPWR vs. KNG - Volatility Comparison
First Trust EIP Power Solutions ETF (FPWR) has a higher volatility of 3.75% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.33%. This indicates that FPWR'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
| FPWR | KNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 2.33% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 7.45% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.45% | 10.24% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 13.60% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 17.18% | +0.22% |
FPWR vs. KNG - Expense Ratio Comparison
FPWR has a 0.96% expense ratio, which is higher than KNG's 0.75% expense ratio.
Dividends
FPWR vs. KNG - Dividend Comparison
FPWR's dividend yield for the trailing twelve months is around 1.81%, less than KNG's 8.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FPWR First Trust EIP Power Solutions ETF | 1.81% | 1.97% | 2.52% | 2.54% | 1.72% | 1.66% | 1.68% | 0.71% | 0.00% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.54% | 8.61% | 9.08% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% |
Frequently Asked Questions
FPWR and KNG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPWR has higher volatility (3.75%) compared to KNG (2.33%). In terms of maximum drawdown, FPWR dropped -32.28% vs KNG's -35.12%.
On 5-year performance, FPWR leads with 12.01% vs 4.64% for KNG. On fees, KNG is cheaper at 0.75% per year. On volatility, KNG has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FPWR has performed better with a 12.01% return vs 4.64%. 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 0.96% for FPWR.
KNG has the higher dividend yield at 8.54%, compared with 1.81% for FPWR.
FPWR is categorized as Utilities Equities, while KNG is Dividend. Their fees differ too: 0.96% for FPWR and 0.75% for KNG.
FPWR currently has the higher Sharpe Ratio (2.08 vs 0.96), 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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