IDAT vs. KNG
Compare and contrast key facts about iShares Cloud 5G and Tech ETF (IDAT) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).
IDAT and KNG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDAT is a passively managed fund by iShares that tracks the performance of the Morningstar Global Digital Infrastructure & Connectivity Index. It was launched on Jun 8, 2021. KNG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Mar 26, 2018. Both IDAT and KNG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IDAT or KNG.
Key characteristics
| IDAT | KNG | |
|---|---|---|
| YTD Return | 16.28% | 11.94% |
| 1Y Return | 31.16% | 19.12% |
| 3Y Return (Ann) | 3.75% | 4.74% |
| Sharpe Ratio | 1.75 | 2.36 |
| Sortino Ratio | 2.33 | 3.34 |
| Omega Ratio | 1.30 | 1.42 |
| Calmar Ratio | 1.95 | 3.10 |
| Martin Ratio | 7.68 | 11.22 |
| Ulcer Index | 4.69% | 1.93% |
| Daily Std Dev | 20.58% | 9.18% |
| Max Drawdown | -38.40% | -35.12% |
| Current Drawdown | -3.48% | -1.47% |
Correlation
The correlation between IDAT and KNG is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IDAT vs. KNG - Performance Comparison
In the year-to-date period, IDAT achieves a 16.28% return, which is significantly higher than KNG's 11.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IDAT vs. KNG - Expense Ratio Comparison
IDAT has a 0.47% expense ratio, which is lower than KNG's 0.75% expense ratio.
Risk-Adjusted Performance
IDAT vs. KNG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cloud 5G and Tech ETF (IDAT) 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.
Dividends
IDAT vs. KNG - Dividend Comparison
IDAT's dividend yield for the trailing twelve months is around 0.77%, less than KNG's 8.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IDAT iShares Cloud 5G and Tech ETF | 0.77% | 0.68% | 0.85% | 0.46% | 0.00% | 0.00% | 0.00% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.45% | 5.91% | 4.01% | 3.45% | 3.62% | 4.09% | 3.46% |
Drawdowns
IDAT vs. KNG - Drawdown Comparison
The maximum IDAT drawdown since its inception was -38.40%, which is greater than KNG's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for IDAT and KNG. For additional features, visit the drawdowns tool.
Volatility
IDAT vs. KNG - Volatility Comparison
iShares Cloud 5G and Tech ETF (IDAT) has a higher volatility of 5.12% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.69%. This indicates that IDAT'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.