FV vs. KNG

Last updated Jun 4, 2026

FV (First Trust Dorsey Wright Focus 5 ETF) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - FV is a Large Cap Growth Equities fund tracking the Dorsey Wright Focus Five Index, while KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Both are passively managed. Over the past 5 years, FV returned 10.37%/yr vs 4.31%/yr for KNG. A 0.66 correlation means they provide meaningful diversification when combined. FV charges 0.87%/yr vs 0.75%/yr for KNG.

Performance

FV vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright Focus 5 ETF (FV) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FV achieves a 18.14% return, which is significantly higher than KNG's 2.20% return.

FV

• 1D: 1.48%
• 1M: 11.69%
• YTD: 18.14%
• 6M: 18.84%
• 1Y: 28.90%
• 3Y*: 18.88%
• 5Y*: 10.37%
• 10Y*: 13.45%

KNG

• 1D: -0.04%
• 1M: 0.89%
• YTD: 2.20%
• 6M: 2.33%
• 1Y: 7.44%
• 3Y*: 7.06%
• 5Y*: 4.31%
• 10Y*: —

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

FV vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FV First Trust Dorsey Wright Focus 5 ETF	18.14%	7.23%	14.73%	11.34%	-3.93%	21.63%	28.36%	25.73%	-11.02%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	2.20%	6.63%	5.99%	7.48%	-7.03%	24.78%	7.21%	26.64%	-0.84%

Correlation

The correlation between FV and KNG is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.66

The correlation between FV and KNG has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.

FV vs. KNG - Sectors Allocation Comparison

Sectors	FV	KNG
Technology	29.0%	4.3%
Industrials	27.8%	20.3%
Financial Services	19.8%	12.7%
Healthcare	19.4%	10.1%
Energy	17.5%	3.0%
Consumer Cyclical	6.4%	5.5%
Communication Services	6.3%	-
Real Estate	0.7%	4.4%
Basic Materials	-	10.2%
Consumer Defensive	-	23.5%
Utilities	-	6.1%

Return for Risk

FV vs. KNG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FV

FV Risk / Return Rank: 51
FV Sharpe Ratio Rank: 55
FV Sortino Ratio Rank: 54
FV Omega Ratio Rank: 53
FV Calmar Ratio Rank: 44
FV Martin Ratio Rank: 48

KNG

KNG Risk / Return Rank: 20
KNG Sharpe Ratio Rank: 21
KNG Sortino Ratio Rank: 21
KNG Omega Ratio Rank: 19
KNG Calmar Ratio Rank: 20
KNG Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FV vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Focus 5 ETF (FV) 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.

	FV	KNG	Difference
Sharpe ratio: Return per unit of total volatility	1.91	0.73	+1.18
Sortino ratio: Return per unit of downside risk	2.62	1.15	+1.47
Omega ratio: Gain probability vs. loss probability	1.33	1.13	+0.20
Calmar ratio: Return relative to maximum drawdown	2.16	0.87	+1.29
Martin ratio: Return relative to average drawdown	8.12	2.25	+5.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FV vs. KNG - Sharpe Ratio Comparison

The current FV Sharpe Ratio is 1.91, which is higher than the KNG Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of FV and KNG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FV	KNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	0.73	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.32	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.49	+0.09

Drawdowns

FV vs. KNG - Drawdown Comparison

The maximum FV drawdown since its inception was -34.04%, roughly equal to the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for FV and KNG.

Drawdown Indicators

	FV	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-34.04%	-35.12%	+1.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	-8.61%	-4.84%
Max Drawdown (3Y) Largest decline over 3 years	-23.08%	-14.24%	-8.84%
Max Drawdown (5Y) Largest decline over 5 years	-23.08%	-18.20%	-4.88%
Max Drawdown (10Y) Largest decline over 10 years	-34.04%	—	—
Current Drawdown Current decline from peak	0.00%	-5.89%	+5.89%
Average Drawdown Average peak-to-trough decline	-5.80%	-4.13%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	3.32%	+0.25%

Volatility

FV vs. KNG - Volatility Comparison

First Trust Dorsey Wright Focus 5 ETF (FV) has a higher volatility of 4.25% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.29%. This indicates that FV'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.

Volatility by Period

	FV	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	2.29%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	12.54%	7.39%	+5.15%
Volatility (1Y) Calculated over the trailing 1-year period	15.22%	10.19%	+5.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.76%	13.59%	+7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.42%	17.18%	+4.24%

FV vs. KNG - Expense Ratio Comparison

FV has a 0.87% expense ratio, which is higher than KNG's 0.75% expense ratio.

Dividends

FV vs. KNG - Dividend Comparison

FV's dividend yield for the trailing twelve months is around 0.52%, less than KNG's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FV First Trust Dorsey Wright Focus 5 ETF	0.52%	0.63%	0.14%	0.47%	1.38%	0.11%	0.06%	0.56%	0.19%	0.67%	0.95%	0.14%
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%

Frequently Asked Questions

Can I hold both FV and KNG in my portfolio?

FV and KNG have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FV or KNG?

FV has higher volatility (4.25%) compared to KNG (2.29%). In terms of maximum drawdown, FV dropped -34.04% vs KNG's -35.12%.

Which ETF is better, FV or KNG?

On 5-year performance, FV leads with 10.37% vs 4.31% for KNG. On fees, KNG is cheaper at 0.75% per year. On volatility, KNG has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FV or KNG?

Over the 5-year period, FV has performed better with a 10.37% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FV or KNG?

KNG is cheaper with a 0.75% expense ratio, compared with 0.87% for FV.

Which ETF pays a higher dividend yield, FV or KNG?

KNG has the higher dividend yield at 8.67%, compared with 0.52% for FV.

What is the main difference between FV and KNG?

FV is categorized as Large Cap Growth Equities, while KNG is Dividend. FV tracks Dorsey Wright Focus Five Index, while KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Their fees differ too: 0.87% for FV and 0.75% for KNG.

Which has better risk-adjusted returns?

FV currently has the higher Sharpe Ratio (1.91 vs 0.73), 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.