KNG vs. DJD

Last updated Jun 4, 2026

KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) and DJD (Invesco Dow Jones Industrial Average Dividend 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 DJD is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average Yield Weight. Both are passively managed. Over the past 5 years, KNG returned 4.31%/yr vs 10.08%/yr for DJD. Their correlation of 0.87 suggests significant overlap in exposure. KNG charges 0.75%/yr vs 0.07%/yr for DJD.

Performance

KNG vs. DJD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and Invesco Dow Jones Industrial Average Dividend ETF (DJD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KNG achieves a 2.20% return, which is significantly lower than DJD's 10.32% return.

KNG

• 1D: -0.04%
• 1M: 0.89%
• YTD: 2.20%
• 6M: 2.33%
• 1Y: 7.44%
• 3Y*: 7.06%
• 5Y*: 4.31%
• 10Y*: —

DJD

• 1D: -1.04%
• 1M: 4.30%
• YTD: 10.32%
• 6M: 9.79%
• 1Y: 23.52%
• 3Y*: 17.66%
• 5Y*: 10.08%
• 10Y*: 12.37%

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

KNG vs. DJD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
DJD Invesco Dow Jones Industrial Average Dividend ETF	10.32%	15.83%	13.66%	9.41%	-0.73%	22.40%	0.87%	22.00%	2.73%

Correlation

The correlation between KNG and DJD is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.87

The correlation between KNG and DJD has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

KNG vs. DJD - Sectors Allocation Comparison

Sectors	KNG	DJD
Consumer Defensive	23.5%	10.8%
Industrials	20.3%	8.4%
Financial Services	12.7%	14.7%
Basic Materials	10.2%	1.6%
Healthcare	10.1%	19.9%
Utilities	6.1%	-
Consumer Cyclical	5.5%	11.7%
Real Estate	4.4%	-
Technology	4.3%	13.3%
Energy	3.0%	7.1%
Communication Services	-	12.5%

Return for Risk

KNG vs. DJD — Risk / Return Rank

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

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

DJD

DJD Risk / Return Rank: 71
DJD Sharpe Ratio Rank: 68
DJD Sortino Ratio Rank: 76
DJD Omega Ratio Rank: 65
DJD Calmar Ratio Rank: 80
DJD Martin Ratio Rank: 66

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. DJD - 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 Invesco Dow Jones Industrial Average Dividend ETF (DJD). 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	DJD	Difference
Sharpe ratio: Return per unit of total volatility	0.73	2.30	-1.57
Sortino ratio: Return per unit of downside risk	1.15	3.47	-2.33
Omega ratio: Gain probability vs. loss probability	1.13	1.40	-0.27
Calmar ratio: Return relative to maximum drawdown	0.87	4.19	-3.32
Martin ratio: Return relative to average drawdown	2.25	12.31	-10.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNG vs. DJD - Sharpe Ratio Comparison

The current KNG Sharpe Ratio is 0.73, which is lower than the DJD Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of KNG and DJD, 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

	KNG	DJD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	2.30	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.76	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.74	-0.25

Drawdowns

KNG vs. DJD - Drawdown Comparison

The maximum KNG drawdown since its inception was -35.12%, roughly equal to the maximum DJD drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for KNG and DJD.

Drawdown Indicators

	KNG	DJD	Difference
Max Drawdown Largest peak-to-trough decline	-35.12%	-34.66%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-5.64%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-12.28%	-1.96%
Max Drawdown (5Y) Largest decline over 5 years	-18.20%	-19.94%	+1.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.66%	—
Current Drawdown Current decline from peak	-5.89%	-1.04%	-4.85%
Average Drawdown Average peak-to-trough decline	-4.13%	-3.75%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	1.92%	+1.40%

Volatility

KNG vs. DJD - Volatility Comparison

The current volatility for FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is 2.29%, while Invesco Dow Jones Industrial Average Dividend ETF (DJD) has a volatility of 2.64%. This indicates that KNG experiences smaller price fluctuations and is considered to be less risky than DJD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNG	DJD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	2.64%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	7.39%	7.53%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	10.19%	10.26%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.59%	13.36%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	16.65%	+0.53%

KNG vs. DJD - Expense Ratio Comparison

KNG has a 0.75% expense ratio, which is higher than DJD's 0.07% expense ratio.

Dividends

KNG vs. DJD - Dividend Comparison

KNG's dividend yield for the trailing twelve months is around 8.67%, more than DJD's 2.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJD Invesco Dow Jones Industrial Average Dividend ETF	2.43%	2.62%	3.00%	3.49%	3.16%	2.82%	3.47%	2.80%	2.66%	2.75%	2.46%	0.08%
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 KNG and DJD in my portfolio?

KNG and DJD have a correlation of 0.82, 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 DJD?

DJD has higher volatility (2.64%) compared to KNG (2.29%). In terms of maximum drawdown, KNG dropped -35.12% vs DJD's -34.66%.

Which ETF is better, KNG or DJD?

On 5-year performance, DJD leads with 10.08% vs 4.31% for KNG. On fees, DJD is cheaper at 0.07% 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.

Which ETF has performed better, KNG or DJD?

Over the 5-year period, DJD has performed better with a 10.08% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNG or DJD?

DJD is cheaper with a 0.07% expense ratio, compared with 0.75% for KNG.

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

KNG has the higher dividend yield at 8.67%, compared with 2.43% for DJD.

What is the main difference between KNG and DJD?

KNG is categorized as Dividend, while DJD is Large Cap Blend Equities. KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while DJD tracks Dow Jones Industrial Average Yield Weight. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.75% for KNG and 0.07% for DJD.

Which has better risk-adjusted returns?

DJD currently has the higher Sharpe Ratio (2.30 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.