KNG vs. DGRW

Last updated Jun 28, 2026

KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both Dividend funds - KNG tracks the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series while DGRW tracks the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 5 years, KNG returned 5.81%/yr vs 11.71%/yr for DGRW. Their correlation of 0.83 suggests significant overlap in exposure. KNG charges 0.75%/yr vs 0.28%/yr for DGRW.

Performance

KNG vs. DGRW - Performance Comparison

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

Returns By Period

In the year-to-date period, KNG achieves a 7.61% return, which is significantly higher than DGRW's 6.48% return.

KNG

• 1D: 1.08%
• 1M: 5.26%
• YTD: 7.61%
• 6M: 6.65%
• 1Y: 12.79%
• 3Y*: 7.78%
• 5Y*: 5.81%
• 10Y*: —

DGRW

• 1D: 0.05%
• 1M: -2.35%
• YTD: 6.48%
• 6M: 5.33%
• 1Y: 15.00%
• 3Y*: 14.72%
• 5Y*: 11.71%
• 10Y*: 14.19%

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

KNG vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	7.61%	6.63%	5.99%	7.48%	-7.03%	24.78%	7.21%	26.64%	-1.56%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	6.48%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-3.57%

Correlation

The correlation between KNG and DGRW is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018	0.83

Over the past year, the correlation between KNG and DGRW has dropped to 0.59 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

KNG vs. DGRW - Sectors Allocation Comparison

Sectors	KNG	DGRW
Consumer Defensive	23.6%	6.7%
Industrials	20.2%	9.9%
Financial Services	12.8%	11.3%
Healthcare	10.2%	12.8%
Basic Materials	10.2%	3.3%
Utilities	5.7%	0.2%
Consumer Cyclical	5.3%	7.1%
Technology	4.6%	32.1%
Real Estate	4.6%	-
Energy	2.9%	5.0%
Communication Services	-	10.1%

Return for Risk

KNG vs. DGRW — Risk / Return Rank

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

KNG

KNG Risk / Return Rank: 35
KNG Sharpe Ratio Rank: 38
KNG Sortino Ratio Rank: 41
KNG Omega Ratio Rank: 35
KNG Calmar Ratio Rank: 33
KNG Martin Ratio Rank: 29

DGRW

DGRW Risk / Return Rank: 48
DGRW Sharpe Ratio Rank: 49
DGRW Sortino Ratio Rank: 50
DGRW Omega Ratio Rank: 50
DGRW Calmar Ratio Rank: 42
DGRW Martin Ratio Rank: 52

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.

KNG vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.

	KNG	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.54	-0.27
Sortino ratio: Return per unit of downside risk	1.93	2.22	-0.29
Omega ratio: Gain probability vs. loss probability	1.22	1.29	-0.07
Calmar ratio: Return relative to maximum drawdown	1.54	1.90	-0.37
Martin ratio: Return relative to average drawdown	3.86	7.97	-4.10

KNG vs. DGRW - Sharpe Ratio Comparison

The current KNG Sharpe Ratio is 1.27, which is comparable to the DGRW Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of KNG and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KNG vs. DGRW - Drawdown Comparison

The maximum KNG drawdown since its inception was -35.12%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for KNG and DGRW.

Drawdown Indicators

	KNG	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-35.12%	-32.04%	-3.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-8.30%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-16.21%	+1.97%
Max Drawdown (5Y) Largest decline over 5 years	-18.20%	-17.27%	-0.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	-0.91%	-3.20%	+2.29%
Average Drawdown Average peak-to-trough decline	-4.12%	-3.01%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	1.98%	+1.44%

Volatility

KNG vs. DGRW - Volatility Comparison

The current volatility for FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is 3.22%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 3.72%. This indicates that KNG experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNG	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	3.72%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	8.21%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	10.42%	10.26%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.59%	14.00%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.15%	16.19%	+0.96%

KNG vs. DGRW - Expense Ratio Comparison

KNG has a 0.75% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

KNG vs. DGRW - Dividend Comparison

KNG's dividend yield for the trailing twelve months is around 8.29%, more than DGRW's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.29%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	8.29%	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 KNG and DGRW in my portfolio?

KNG and DGRW have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KNG or DGRW?

DGRW has higher volatility (3.72%) compared to KNG (3.22%). In terms of maximum drawdown, KNG dropped -35.12% vs DGRW's -32.04%.

Which ETF is better, KNG or DGRW?

On 5-year performance, DGRW leads with 11.71% vs 5.81% for KNG. On fees, DGRW is cheaper at 0.28% per year. On volatility, KNG has been the lower-risk option at 3.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KNG or DGRW?

Over the 5-year period, DGRW has performed better with a 11.71% return vs 5.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNG or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.75% for KNG.

Which ETF pays a higher dividend yield, KNG or DGRW?

KNG has the higher dividend yield at 8.29%, compared with 1.29% for DGRW.

What is the main difference between KNG and DGRW?

KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.75% for KNG and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (1.54 vs 1.27), 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.