HIDV vs. KNGZ

Last updated Jun 5, 2026

HIDV (AB US High Dividend ETF) and KNGZ (First Trust S&P 500 Diversified Dividend Aristocrats ETF) are both exchange-traded funds - HIDV is a Large Cap Value Equities fund actively managed by AllianceBernstein, while KNGZ is a S&P 500 fund tracking the S&P 500 Sector-Neutral Dividend Aristocrats Index. HIDV is actively managed, while KNGZ is passively managed. Over the past 3 years, HIDV returned 22.30%/yr vs 18.11%/yr for KNGZ. Their correlation of 0.81 suggests significant overlap in exposure. HIDV charges 0.45%/yr vs 0.50%/yr for KNGZ.

Performance

HIDV vs. KNGZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB US High Dividend ETF (HIDV) and First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIDV achieves a 11.35% return, which is significantly lower than KNGZ's 17.00% return.

HIDV

• 1D: 0.36%
• 1M: 4.19%
• YTD: 11.35%
• 6M: 12.26%
• 1Y: 29.26%
• 3Y*: 22.30%
• 5Y*: —
• 10Y*: —

KNGZ

• 1D: 0.27%
• 1M: 7.21%
• YTD: 17.00%
• 6M: 16.85%
• 1Y: 32.10%
• 3Y*: 18.11%
• 5Y*: 9.34%
• 10Y*: —

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

HIDV vs. KNGZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HIDV AB US High Dividend ETF	11.35%	14.64%	26.01%	22.21%
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF	17.00%	14.27%	11.05%	13.54%

Correlation

The correlation between HIDV and KNGZ is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023	0.81

The correlation between HIDV and KNGZ has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

Return for Risk

HIDV vs. KNGZ — Risk / Return Rank

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

HIDV

HIDV Risk / Return Rank: 74
HIDV Sharpe Ratio Rank: 78
HIDV Sortino Ratio Rank: 78
HIDV Omega Ratio Rank: 77
HIDV Calmar Ratio Rank: 63
HIDV Martin Ratio Rank: 72

KNGZ

KNGZ Risk / Return Rank: 71
KNGZ Sharpe Ratio Rank: 74
KNGZ Sortino Ratio Rank: 77
KNGZ Omega Ratio Rank: 71
KNGZ Calmar Ratio Rank: 70
KNGZ Martin Ratio Rank: 64

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.

HIDV vs. KNGZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB US High Dividend ETF (HIDV) and First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ). 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.

	HIDV	KNGZ	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.38	+0.09
Sortino ratio: Return per unit of downside risk	3.43	3.37	+0.06
Omega ratio: Gain probability vs. loss probability	1.45	1.42	+0.03
Calmar ratio: Return relative to maximum drawdown	3.07	3.43	-0.36
Martin ratio: Return relative to average drawdown	13.38	11.53	+1.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIDV vs. KNGZ - Sharpe Ratio Comparison

The current HIDV Sharpe Ratio is 2.47, which is comparable to the KNGZ Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of HIDV and KNGZ, 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

	HIDV	KNGZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.38	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	0.62	+1.01

Drawdowns

HIDV vs. KNGZ - Drawdown Comparison

The maximum HIDV drawdown since its inception was -18.76%, smaller than the maximum KNGZ drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for HIDV and KNGZ.

Drawdown Indicators

	HIDV	KNGZ	Difference
Max Drawdown Largest peak-to-trough decline	-18.76%	-37.44%	+18.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-9.41%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	-19.70%	+0.94%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.71%	—
Current Drawdown Current decline from peak	-0.60%	-0.74%	+0.14%
Average Drawdown Average peak-to-trough decline	-2.05%	-4.87%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.79%	-0.60%

Volatility

HIDV vs. KNGZ - Volatility Comparison

The current volatility for AB US High Dividend ETF (HIDV) is 2.88%, while First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) has a volatility of 3.76%. This indicates that HIDV experiences smaller price fluctuations and is considered to be less risky than KNGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIDV	KNGZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	3.76%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	9.90%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	13.55%	-1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	16.12%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.51%	18.87%	-4.36%

HIDV vs. KNGZ - Expense Ratio Comparison

HIDV has a 0.45% expense ratio, which is lower than KNGZ's 0.50% expense ratio.

Dividends

HIDV vs. KNGZ - Dividend Comparison

HIDV's dividend yield for the trailing twelve months is around 2.26%, less than KNGZ's 2.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIDV AB US High Dividend ETF	2.26%	2.22%	2.29%	2.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF	2.32%	2.70%	2.55%	3.10%	2.52%	1.95%	2.44%	2.85%	4.09%	1.10%

Frequently Asked Questions

Can I hold both HIDV and KNGZ in my portfolio?

HIDV and KNGZ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIDV or KNGZ?

KNGZ has higher volatility (3.76%) compared to HIDV (2.88%). In terms of maximum drawdown, HIDV dropped -18.76% vs KNGZ's -37.44%.

Which ETF is better, HIDV or KNGZ?

On 3-year performance, HIDV leads with 22.30% vs 18.11% for KNGZ. On fees, HIDV is cheaper at 0.45% per year. On volatility, HIDV has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIDV or KNGZ?

Over the 3-year period, HIDV has performed better with a 22.30% return vs 18.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIDV or KNGZ?

HIDV is cheaper with a 0.45% expense ratio, compared with 0.50% for KNGZ.

Which ETF pays a higher dividend yield, HIDV or KNGZ?

KNGZ has the higher dividend yield at 2.32%, compared with 2.26% for HIDV.

What is the main difference between HIDV and KNGZ?

HIDV is categorized as Large Cap Value Equities, while KNGZ is S&P 500. They also come from different issuers: AllianceBernstein and First Trust. Their fees differ too: 0.45% for HIDV and 0.50% for KNGZ.

Which has better risk-adjusted returns?

HIDV currently has the higher Sharpe Ratio (2.47 vs 2.38), 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.