FXR vs. KNG

Last updated Jun 4, 2026

FXR (First Trust Industrials/Producer Durables AlphaDEX Fund) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - FXR is a Industrials Equities fund tracking the StrataQuant Industrials 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, FXR returned 8.41%/yr vs 4.31%/yr for KNG. Their correlation of 0.84 suggests significant overlap in exposure. FXR charges 0.64%/yr vs 0.75%/yr for KNG.

Performance

FXR vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) 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, FXR achieves a 8.45% return, which is significantly higher than KNG's 2.20% return.

FXR

• 1D: -0.51%
• 1M: 1.16%
• YTD: 8.45%
• 6M: 10.07%
• 1Y: 20.53%
• 3Y*: 16.51%
• 5Y*: 8.41%
• 10Y*: 12.70%

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)

FXR vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	8.45%	7.56%	16.19%	26.98%	-16.68%	25.07%	12.82%	33.42%	-11.85%
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 FXR and KNG is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.84

The correlation between FXR and KNG has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

FXR vs. KNG - Sectors Allocation Comparison

Sectors	FXR	KNG
Industrials	70.5%	20.3%
Technology	10.3%	4.3%
Consumer Cyclical	7.5%	5.5%
Basic Materials	6.2%	10.2%
Financial Services	3.4%	12.7%
Healthcare	0.7%	10.1%
Utilities	0.7%	6.1%
Communication Services	-	-
Consumer Defensive	-	23.5%
Energy	-	3.0%
Real Estate	-	4.4%

Return for Risk

FXR vs. KNG — Risk / Return Rank

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

FXR

FXR Risk / Return Rank: 31
FXR Sharpe Ratio Rank: 30
FXR Sortino Ratio Rank: 32
FXR Omega Ratio Rank: 28
FXR Calmar Ratio Rank: 31
FXR Martin Ratio Rank: 32

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.

FXR vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) 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.

	FXR	KNG	Difference
Sharpe ratio Return per unit of total volatility	1.09	0.73	+0.36
Sortino ratio Return per unit of downside risk	1.71	1.15	+0.56
Omega ratio Gain probability vs. loss probability	1.19	1.13	+0.06
Calmar ratio Return relative to maximum drawdown	1.51	0.87	+0.64
Martin ratio Return relative to average drawdown	4.82	2.25	+2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXR vs. KNG - Sharpe Ratio Comparison

The current FXR Sharpe Ratio is 1.09, which is higher than the KNG Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of FXR 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

	FXR	KNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	0.73	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.32	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.49	-0.12

Drawdowns

FXR vs. KNG - Drawdown Comparison

The maximum FXR drawdown since its inception was -63.81%, which is greater than KNG's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for FXR and KNG.

Drawdown Indicators

	FXR	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-63.81%	-35.12%	-28.69%
Max Drawdown (1Y) Largest decline over 1 year	-13.66%	-8.61%	-5.05%
Max Drawdown (3Y) Largest decline over 3 years	-26.65%	-14.24%	-12.41%
Max Drawdown (5Y) Largest decline over 5 years	-26.85%	-18.20%	-8.65%
Max Drawdown (10Y) Largest decline over 10 years	-44.71%	—	—
Current Drawdown Current decline from peak	-5.35%	-5.89%	+0.54%
Average Drawdown Average peak-to-trough decline	-10.35%	-4.13%	-6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	3.32%	+0.95%

Volatility

FXR vs. KNG - Volatility Comparison

First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) has a higher volatility of 5.52% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.29%. This indicates that FXR'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

	FXR	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	2.29%	+3.23%
Volatility (6M) Calculated over the trailing 6-month period	14.61%	7.39%	+7.22%
Volatility (1Y) Calculated over the trailing 1-year period	18.98%	10.19%	+8.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	13.59%	+6.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	17.18%	+4.74%

FXR vs. KNG - Expense Ratio Comparison

FXR has a 0.64% expense ratio, which is lower than KNG's 0.75% expense ratio.

Dividends

FXR vs. KNG - Dividend Comparison

FXR's dividend yield for the trailing twelve months is around 0.63%, less than KNG's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	0.63%	0.71%	0.72%	0.77%	0.92%	0.52%	1.06%	0.74%	1.18%	0.55%	0.52%	0.62%
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 FXR and KNG in my portfolio?

FXR and KNG have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXR or KNG?

FXR has higher volatility (5.52%) compared to KNG (2.29%). In terms of maximum drawdown, FXR dropped -63.81% vs KNG's -35.12%.

Which ETF is better, FXR or KNG?

On 5-year performance, FXR leads with 8.41% vs 4.31% for KNG. On fees, FXR is cheaper at 0.64% 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, FXR or KNG?

Over the 5-year period, FXR has performed better with a 8.41% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FXR or KNG?

FXR is cheaper with a 0.64% expense ratio, compared with 0.75% for KNG.

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

KNG has the higher dividend yield at 8.67%, compared with 0.63% for FXR.

What is the main difference between FXR and KNG?

FXR is categorized as Industrials Equities, while KNG is Dividend. FXR tracks StrataQuant Industrials Index, while KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Their fees differ too: 0.64% for FXR and 0.75% for KNG.

Which has better risk-adjusted returns?

FXR currently has the higher Sharpe Ratio (1.09 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.