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FXZ vs. KNG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FXZ vs. KNG

Last updated Jun 24, 2026

FXZ (First Trust Materials AlphaDEX Fund) and KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - FXZ is a Materials fund tracking the StrataQuant Materials 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, FXZ returned 8.66%/yr vs 5.39%/yr for KNG. A 0.75 correlation means they provide meaningful diversification when combined. FXZ charges 0.67%/yr vs 0.75%/yr for KNG.

Performance

FXZ vs. KNG - Performance Comparison

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

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Returns By Period

In the year-to-date period, FXZ achieves a 24.42% return, which is significantly higher than KNG's 4.84% return.

FXZ

1D
-2.45%
1M
0.61%
YTD
24.42%
6M
22.36%
1Y
44.84%
3Y*
11.20%
5Y*
8.66%
10Y*
11.46%

KNG

1D
0.65%
1M
2.07%
YTD
4.84%
6M
4.41%
1Y
10.46%
3Y*
7.42%
5Y*
5.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FXZ vs. KNG - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FXZ
First Trust Materials AlphaDEX Fund		24.42%16.25%-16.31%16.27%-0.92%30.84%22.52%21.52%-19.79%
KNG
FT Vest S&P 500 Dividend Aristocrats Target Income ETF		4.84%6.63%5.99%7.48%-7.03%24.78%7.21%26.64%-1.56%

Correlation

The correlation between FXZ and KNG is 0.60, 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

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2018

0.75

The correlation between FXZ and KNG shifts across timeframes, from 0.60 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

FXZ vs. KNG - Sectors Allocation Comparison

Sectors
FXZ
KNG

Basic Materials

76.9%
10.2%

Industrials

15.4%
20.2%

Consumer Cyclical

5.1%
5.3%

Communication Services

-

-

Consumer Defensive

-

23.6%

Energy

-

2.9%

Financial Services

-

12.8%

Healthcare

-

10.2%

Real Estate

-

4.6%

Technology

-

4.6%

Utilities

-

5.7%

Basic Materials

FXZ
76.9%
KNG
10.2%

Industrials

FXZ
15.4%
KNG
20.2%

Consumer Cyclical

FXZ
5.1%
KNG
5.3%

Communication Services

FXZ

-

KNG

-

Consumer Defensive

FXZ

-

KNG
23.6%

Energy

FXZ

-

KNG
2.9%

Financial Services

FXZ

-

KNG
12.8%

Healthcare

FXZ

-

KNG
10.2%

Real Estate

FXZ

-

KNG
4.6%

Technology

FXZ

-

KNG
4.6%

Utilities

FXZ

-

KNG
5.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Materials AlphaDEX Fund

FT Vest S&P 500 Dividend Aristocrats Target Income ETF

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Often compared with KNG:
KNG vs. NOBLKNG vs. SCHDKNG vs. JEPIKNG vs. DIVOKNG vs. SPYKNG vs. KNGLXKNG vs. DGT

Return for Risk

FXZ vs. KNG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FXZ
FXZ Risk / Return Rank: 6666
Overall Rank
FXZ Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FXZ Sortino Ratio Rank: 6161
Sortino Ratio Rank
FXZ Omega Ratio Rank: 5757
Omega Ratio Rank
FXZ Calmar Ratio Rank: 7474
Calmar Ratio Rank
FXZ Martin Ratio Rank: 7373
Martin Ratio Rank
KNG
KNG Risk / Return Rank: 2727
Overall Rank
KNG Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
KNG Sortino Ratio Rank: 3030
Sortino Ratio Rank
KNG Omega Ratio Rank: 2626
Omega Ratio Rank
KNG Calmar Ratio Rank: 2626
Calmar Ratio Rank
KNG Martin Ratio Rank: 2424
Martin Ratio Rank
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.

FXZ vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Materials AlphaDEX Fund (FXZ) and FT 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.

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.

FXZKNGDifference
Sharpe ratioReturn per unit of total volatility
1.98
1.01

+0.96

Sortino ratioReturn per unit of downside risk
2.68
1.55

+1.13

Omega ratioGain probability vs. loss probability

1.33

1.18

+0.15

Calmar ratioReturn relative to maximum drawdown

3.53

1.22

+2.31

Martin ratioReturn relative to average drawdown

13.08

3.07

+10.01

FXZ vs. KNG - Sharpe Ratio Comparison

The current FXZ Sharpe Ratio is 1.98, which is higher than the KNG Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of FXZ 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.

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Drawdowns

FXZ vs. KNG - Drawdown Comparison

The maximum FXZ drawdown since its inception was -65.46%, which is greater than KNG's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for FXZ and KNG.

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Drawdown Indicators

FXZKNGDifference

Max Drawdown

Largest peak-to-trough decline

-65.46%

-35.12%

-30.34%

Max Drawdown (1Y)

Largest decline over 1 year

-12.75%

-8.61%

-4.14%

Max Drawdown (3Y)

Largest decline over 3 years

-33.99%

-14.24%

-19.75%

Max Drawdown (5Y)

Largest decline over 5 years

-33.99%

-18.20%

-15.79%

Max Drawdown (10Y)

Largest decline over 10 years

-49.41%

—

—

Current Drawdown

Current decline from peak

-5.23%

-3.46%

-1.77%

Average Drawdown

Average peak-to-trough decline

-11.33%

-4.13%

-7.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

3.42%

+0.02%

Volatility

FXZ vs. KNG - Volatility Comparison

First Trust Materials AlphaDEX Fund (FXZ) has a higher volatility of 7.83% compared to FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 3.00%. This indicates that FXZ'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

FXZKNGDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.83%

3.00%

+4.83%

Volatility (6M)

Calculated over the trailing 6-month period

17.24%

7.59%

+9.65%

Volatility (1Y)

Calculated over the trailing 1-year period

22.77%

10.41%

+12.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.19%

13.58%

+10.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.93%

17.15%

+7.78%

FXZ vs. KNG - Expense Ratio Comparison

FXZ has a 0.67% expense ratio, which is lower than KNG's 0.75% expense ratio.

Dividends

FXZ vs. KNG - Dividend Comparison

FXZ's dividend yield for the trailing twelve months is around 1.44%, less than KNG's 8.45% yield.

PositionTTM20252024202320222021202020192018201720162015
FXZ
First Trust Materials AlphaDEX Fund		1.44%1.74%1.81%1.97%1.56%1.11%1.51%1.58%1.38%1.01%1.19%1.26%
KNG
FT Vest S&P 500 Dividend Aristocrats Target Income ETF		8.45%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

FXZ and KNG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FXZ has higher volatility (7.83%) compared to KNG (3.00%). In terms of maximum drawdown, FXZ dropped -65.46% vs KNG's -35.12%.

On 5-year performance, FXZ leads with 8.66% vs 5.39% for KNG. On fees, FXZ is cheaper at 0.67% per year. On volatility, KNG has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FXZ has performed better with a 8.66% return vs 5.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FXZ is cheaper with a 0.67% expense ratio, compared with 0.75% for KNG.

KNG has the higher dividend yield at 8.45%, compared with 1.44% for FXZ.

FXZ is categorized as Materials, while KNG is Dividend. FXZ tracks StrataQuant Materials Index, while KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Their fees differ too: 0.67% for FXZ and 0.75% for KNG.

FXZ currently has the higher Sharpe Ratio (1.98 vs 1.01), 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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