ICAFX vs. KNG

Last updated Jun 4, 2026

ICAFX (American Funds The Investment Company of America Fund Class F2) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both funds - ICAFX is a Large Cap Growth Equities fund actively managed by American Funds, while KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. ICAFX is actively managed, while KNG is passively managed. Over the past 5 years, ICAFX returned 15.25%/yr vs 4.31%/yr for KNG. A 0.73 correlation means they provide meaningful diversification when combined. ICAFX charges 0.37%/yr vs 0.75%/yr for KNG.

Performance

ICAFX vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds The Investment Company of America Fund Class F2 (ICAFX) 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, ICAFX achieves a 10.98% return, which is significantly higher than KNG's 2.20% return.

ICAFX

• 1D: 0.00%
• 1M: 5.19%
• YTD: 10.98%
• 6M: 10.95%
• 1Y: 26.91%
• 3Y*: 24.44%
• 5Y*: 15.25%
• 10Y*: 14.49%

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)

ICAFX vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ICAFX American Funds The Investment Company of America Fund Class F2	10.98%	20.69%	25.14%	28.82%	-15.32%	25.35%	14.70%	24.32%	-5.94%
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 ICAFX and KNG is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.73

Over the past year, the correlation between ICAFX and KNG has dropped to 0.39 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

ICAFX vs. KNG — Risk / Return Rank

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

ICAFX

ICAFX Risk / Return Rank: 56
ICAFX Sharpe Ratio Rank: 56
ICAFX Sortino Ratio Rank: 52
ICAFX Omega Ratio Rank: 54
ICAFX Calmar Ratio Rank: 52
ICAFX Martin Ratio Rank: 64

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.

ICAFX vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The Investment Company of America Fund Class F2 (ICAFX) 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.

	ICAFX	KNG	Difference
Sharpe ratio Return per unit of total volatility	2.23	0.73	+1.50
Sortino ratio Return per unit of downside risk	3.06	1.15	+1.91
Omega ratio Gain probability vs. loss probability	1.41	1.13	+0.28
Calmar ratio Return relative to maximum drawdown	2.76	0.87	+1.89
Martin ratio Return relative to average drawdown	12.54	2.25	+10.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICAFX vs. KNG - Sharpe Ratio Comparison

The current ICAFX Sharpe Ratio is 2.23, which is higher than the KNG Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of ICAFX 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

	ICAFX	KNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	0.73	+1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.32	+0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.49	+0.16

Drawdowns

ICAFX vs. KNG - Drawdown Comparison

The maximum ICAFX drawdown since its inception was -42.84%, which is greater than KNG's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for ICAFX and KNG.

Drawdown Indicators

	ICAFX	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-42.84%	-35.12%	-7.72%
Max Drawdown (1Y) Largest decline over 1 year	-10.05%	-8.61%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-17.39%	-14.24%	-3.15%
Max Drawdown (5Y) Largest decline over 5 years	-24.21%	-18.20%	-6.01%
Max Drawdown (10Y) Largest decline over 10 years	-31.07%	—	—
Current Drawdown Current decline from peak	0.00%	-5.89%	+5.89%
Average Drawdown Average peak-to-trough decline	-5.48%	-4.13%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	3.32%	-1.11%

Volatility

ICAFX vs. KNG - Volatility Comparison

American Funds The Investment Company of America Fund Class F2 (ICAFX) has a higher volatility of 3.26% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.29%. This indicates that ICAFX'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

	ICAFX	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	2.29%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	9.73%	7.39%	+2.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.46%	10.19%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	13.59%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	17.18%	-0.59%

ICAFX vs. KNG - Expense Ratio Comparison

ICAFX has a 0.37% expense ratio, which is lower than KNG's 0.75% expense ratio.

Dividends

ICAFX vs. KNG - Dividend Comparison

ICAFX's dividend yield for the trailing twelve months is around 9.75%, more than KNG's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICAFX American Funds The Investment Company of America Fund Class F2	9.75%	10.79%	9.49%	5.15%	6.33%	7.14%	1.84%	6.34%	9.84%	7.25%	5.67%	9.10%
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 ICAFX and KNG in my portfolio?

ICAFX and KNG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ICAFX or KNG?

ICAFX has higher volatility (3.26%) compared to KNG (2.29%). In terms of maximum drawdown, ICAFX dropped -42.84% vs KNG's -35.12%.

Which has better risk-adjusted returns?

ICAFX currently has the higher Sharpe Ratio (2.23 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.