KNG vs. AMDY
KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while AMDY is a Options Trading fund actively managed by YieldMax. KNG is passively managed, while AMDY is actively managed. Over the past year, KNG returned 7.44% vs 240.44% for AMDY. At a 0.20 correlation, their price movements are largely independent. KNG charges 0.75%/yr vs 0.99%/yr for AMDY.
Performance
KNG vs. AMDY - Performance Comparison
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Returns By Period
In the year-to-date period, KNG achieves a 2.20% return, which is significantly lower than AMDY's 110.49% return.
KNG
- 1D
- -0.04%
- 1M
- 0.89%
- YTD
- 2.20%
- 6M
- 2.33%
- 1Y
- 7.44%
- 3Y*
- 7.06%
- 5Y*
- 4.31%
- 10Y*
- —
AMDY
- 1D
- 3.39%
- 1M
- 46.76%
- YTD
- 110.49%
- 6M
- 111.80%
- 1Y
- 240.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KNG vs. AMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 2.20% | 6.63% | 5.99% | 3.27% |
AMDY YieldMax AMD Option Income Strategy ETF | 110.49% | 53.93% | -17.00% | 26.24% |
Correlation
The correlation between KNG and AMDY is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023 | 0.20 |
The correlation between KNG and AMDY shifts across timeframes, from 0.08 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KNG vs. AMDY — Risk / Return Rank
KNG
AMDY
KNG vs. AMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and YieldMax AMD Option Income Strategy ETF (AMDY). 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.
| KNG | AMDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.64 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 8.77 | -7.91 |
| Martin ratioReturn relative to average drawdown | 2.25 | 19.77 | -17.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KNG | AMDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 4.53 | -3.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.25 | -0.76 |
Drawdowns
KNG vs. AMDY - Drawdown Comparison
The maximum KNG drawdown since its inception was -35.12%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for KNG and AMDY.
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Drawdown Indicators
| KNG | AMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.12% | -53.92% | +18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -27.59% | +18.98% |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | — | — |
Current DrawdownCurrent decline from peak | -5.89% | 0.00% | -5.89% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -18.02% | +13.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 12.22% | -8.90% |
Volatility
KNG vs. AMDY - Volatility Comparison
The current volatility for FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is 2.29%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.81%. This indicates that KNG experiences smaller price fluctuations and is considered to be less risky than AMDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNG | AMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 20.81% | -18.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.39% | 39.99% | -32.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.19% | 53.40% | -43.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.59% | 46.01% | -32.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 46.01% | -28.83% |
KNG vs. AMDY - Expense Ratio Comparison
KNG has a 0.75% expense ratio, which is lower than AMDY's 0.99% expense ratio.
Dividends
KNG vs. AMDY - Dividend Comparison
KNG's dividend yield for the trailing twelve months is around 8.67%, less than AMDY's 54.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMDY YieldMax AMD Option Income Strategy ETF | 54.91% | 80.68% | 109.98% | 6.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
KNG and AMDY have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDY has higher volatility (20.81%) compared to KNG (2.29%). In terms of maximum drawdown, KNG dropped -35.12% vs AMDY's -53.92%.
On 1-year performance, AMDY leads with 240.44% vs 7.44% for KNG. On fees, KNG is cheaper at 0.75% 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.
Over the 1-year period, AMDY has performed better with a 240.44% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KNG is cheaper with a 0.75% expense ratio, compared with 0.99% for AMDY.
AMDY has the higher dividend yield at 54.91%, compared with 8.67% for KNG.
KNG is categorized as Dividend, while AMDY is Options Trading. They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.75% for KNG and 0.99% for AMDY.
AMDY currently has the higher Sharpe Ratio (4.53 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.
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