KNG vs. ETFOX

Last updated Jun 4, 2026

KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) and ETFOX (North Square Tactical Growth Fund) are both funds - KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while ETFOX is a Tactical Allocation fund managed by Stadion Funds. Over the past 5 years, KNG returned 4.31%/yr vs 8.70%/yr for ETFOX. A 0.69 correlation means they provide meaningful diversification when combined. KNG charges 0.75%/yr vs 1.30%/yr for ETFOX.

Performance

KNG vs. ETFOX - 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 North Square Tactical Growth Fund (ETFOX). 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 ETFOX's 9.46% return.

KNG

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

ETFOX

• 1D: 0.25%
• 1M: 5.10%
• YTD: 9.46%
• 6M: 9.37%
• 1Y: 22.24%
• 3Y*: 16.02%
• 5Y*: 8.70%
• 10Y*: 9.75%

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

KNG vs. ETFOX - 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%
ETFOX North Square Tactical Growth Fund	9.46%	14.69%	15.45%	16.55%	-14.19%	12.43%	15.74%	15.00%	-3.72%

Correlation

The correlation between KNG and ETFOX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.69

Over the past year, the correlation between KNG and ETFOX has dropped to 0.44 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

KNG vs. ETFOX — 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

ETFOX

ETFOX Risk / Return Rank: 55
ETFOX Sharpe Ratio Rank: 58
ETFOX Sortino Ratio Rank: 54
ETFOX Omega Ratio Rank: 52
ETFOX Calmar Ratio Rank: 53
ETFOX Martin Ratio Rank: 59

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. ETFOX - 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 North Square Tactical Growth Fund (ETFOX). 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	ETFOX	Difference
Sharpe ratio: Return per unit of total volatility	0.73	2.24	-1.51
Sortino ratio: Return per unit of downside risk	1.15	3.10	-1.96
Omega ratio: Gain probability vs. loss probability	1.13	1.40	-0.27
Calmar ratio: Return relative to maximum drawdown	0.87	2.78	-1.91
Martin ratio: Return relative to average drawdown	2.25	11.73	-9.48
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. ETFOX - Sharpe Ratio Comparison

The current KNG Sharpe Ratio is 0.73, which is lower than the ETFOX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of KNG and ETFOX, 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	ETFOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	2.24	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.70	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.52	-0.03

Drawdowns

KNG vs. ETFOX - Drawdown Comparison

The maximum KNG drawdown since its inception was -35.12%, smaller than the maximum ETFOX drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for KNG and ETFOX.

Drawdown Indicators

	KNG	ETFOX	Difference
Max Drawdown Largest peak-to-trough decline	-35.12%	-41.32%	+6.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-8.15%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-14.63%	+0.39%
Max Drawdown (5Y) Largest decline over 5 years	-18.20%	-17.86%	-0.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.47%	—
Current Drawdown Current decline from peak	-5.89%	0.00%	-5.89%
Average Drawdown Average peak-to-trough decline	-4.13%	-5.43%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	1.93%	+1.39%

Volatility

KNG vs. ETFOX - Volatility Comparison

The current volatility for FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is 2.29%, while North Square Tactical Growth Fund (ETFOX) has a volatility of 2.47%. This indicates that KNG experiences smaller price fluctuations and is considered to be less risky than ETFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNG	ETFOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	2.47%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	7.39%	7.64%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	10.19%	10.12%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.59%	12.42%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	12.40%	+4.78%

KNG vs. ETFOX - Expense Ratio Comparison

KNG has a 0.75% expense ratio, which is lower than ETFOX's 1.30% expense ratio.

Dividends

KNG vs. ETFOX - Dividend Comparison

KNG's dividend yield for the trailing twelve months is around 8.67%, more than ETFOX's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETFOX North Square Tactical Growth Fund	1.18%	1.29%	2.36%	0.98%	7.75%	4.75%	0.02%	4.81%	2.65%	0.00%	0.20%	0.64%
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 ETFOX in my portfolio?

KNG and ETFOX have a correlation of 0.44, 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 ETFOX?

ETFOX has higher volatility (2.47%) compared to KNG (2.29%). In terms of maximum drawdown, KNG dropped -35.12% vs ETFOX's -41.32%.

Which has better risk-adjusted returns?

ETFOX currently has the higher Sharpe Ratio (2.24 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.