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KNG vs. FTHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KNG vs. FTHY

Last updated Jun 24, 2026

KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) and FTHY (First Trust High Yield Opportunities 2027 Term Fund) are both funds - KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while FTHY is a High Yield Bonds fund managed by First Trust. Over the past 5 years, KNG returned 5.39%/yr vs 2.72%/yr for FTHY. At a 0.37 correlation, their price movements are largely independent. KNG charges 0.75%/yr vs 0.02%/yr for FTHY.

Performance

KNG vs. FTHY - 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 First Trust High Yield Opportunities 2027 Term Fund (FTHY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KNG achieves a 4.84% return, which is significantly higher than FTHY's 1.53% return.

KNG

1D
0.65%
1M
2.07%
YTD
4.84%
6M
4.41%
1Y
10.46%
3Y*
7.42%
5Y*
5.39%
10Y*
—

FTHY

1D
0.00%
1M
0.39%
YTD
1.53%
6M
1.96%
1Y
3.84%
3Y*
11.21%
5Y*
2.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

KNG vs. FTHY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KNG
FT Vest S&P 500 Dividend Aristocrats Target Income ETF		4.84%6.63%5.99%7.48%-7.03%24.78%21.38%
FTHY
First Trust High Yield Opportunities 2027 Term Fund		1.53%7.80%15.71%14.65%-26.09%7.63%4.66%

Correlation

The correlation between KNG and FTHY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2020

0.37

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF

First Trust High Yield Opportunities 2027 Term Fund

Often compared with KNG:
KNG vs. NOBLKNG vs. SCHDKNG vs. JEPIKNG vs. DIVOKNG vs. SPYKNG vs. KNGLXKNG vs. DGT
Often compared with FTHY:
FTHY vs. FMYFTHY vs. JFRFTHY vs. FTHIFTHY vs. FCTFTHY vs. HYIFTHY vs. ISDFTHY vs. FDHIX

Return for Risk

KNG vs. FTHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KNG
KNG Risk / Return Rank: 2727
Overall Rank
KNG Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
KNG Sortino Ratio Rank: 3030
Sortino Ratio Rank
KNG Omega Ratio Rank: 2626
Omega Ratio Rank
KNG Calmar Ratio Rank: 2626
Calmar Ratio Rank
KNG Martin Ratio Rank: 2424
Martin Ratio Rank
FTHY
FTHY Risk / Return Rank: 77
Overall Rank
FTHY Sharpe Ratio Rank: 77
Sharpe Ratio Rank
FTHY Sortino Ratio Rank: 77
Sortino Ratio Rank
FTHY Omega Ratio Rank: 77
Omega Ratio Rank
FTHY Calmar Ratio Rank: 88
Calmar Ratio Rank
FTHY Martin Ratio Rank: 77
Martin Ratio Rank
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. FTHY - 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 First Trust High Yield Opportunities 2027 Term Fund (FTHY). 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.

KNGFTHYDifference
Sharpe ratioReturn per unit of total volatility
1.01
0.52

+0.50

Sortino ratioReturn per unit of downside risk
1.55
0.77

+0.78

Omega ratioGain probability vs. loss probability

1.18

1.10

+0.08

Calmar ratioReturn relative to maximum drawdown

1.22

0.71

+0.51

Martin ratioReturn relative to average drawdown

3.07

1.89

+1.18

KNG vs. FTHY - Sharpe Ratio Comparison

The current KNG Sharpe Ratio is 1.01, which is higher than the FTHY Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of KNG and FTHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KNG vs. FTHY - Drawdown Comparison

The maximum KNG drawdown since its inception was -35.12%, which is greater than FTHY's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for KNG and FTHY.

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Drawdown Indicators

KNGFTHYDifference

Max Drawdown

Largest peak-to-trough decline

-35.12%

-31.17%

-3.95%

Max Drawdown (1Y)

Largest decline over 1 year

-8.61%

-5.44%

-3.17%

Max Drawdown (3Y)

Largest decline over 3 years

-14.24%

-8.70%

-5.54%

Max Drawdown (5Y)

Largest decline over 5 years

-18.20%

-31.17%

+12.97%

Current Drawdown

Current decline from peak

-3.46%

-1.28%

-2.18%

Average Drawdown

Average peak-to-trough decline

-4.13%

-10.12%

+5.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.42%

2.04%

+1.38%

Volatility

KNG vs. FTHY - Volatility Comparison

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a higher volatility of 3.00% compared to First Trust High Yield Opportunities 2027 Term Fund (FTHY) at 2.77%. This indicates that KNG's price experiences larger fluctuations and is considered to be riskier than FTHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KNGFTHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.00%

2.77%

+0.23%

Volatility (6M)

Calculated over the trailing 6-month period

7.59%

5.68%

+1.91%

Volatility (1Y)

Calculated over the trailing 1-year period

10.41%

7.43%

+2.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.58%

12.85%

+0.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.15%

13.23%

+3.92%

KNG vs. FTHY - Expense Ratio Comparison

KNG has a 0.75% expense ratio, which is higher than FTHY's 0.02% expense ratio.

Dividends

KNG vs. FTHY - Dividend Comparison

KNG's dividend yield for the trailing twelve months is around 8.45%, less than FTHY's 11.09% yield.

PositionTTM20252024202320222021202020192018
FTHY
First Trust High Yield Opportunities 2027 Term Fund		11.09%10.66%10.70%10.22%11.85%7.83%2.94%0.00%0.00%
KNG
FT Vest S&P 500 Dividend Aristocrats Target Income ETF		8.45%8.61%9.08%5.91%4.00%3.45%3.62%4.09%3.46%

Frequently Asked Questions

KNG and FTHY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KNG has higher volatility (3.00%) compared to FTHY (2.77%). In terms of maximum drawdown, KNG dropped -35.12% vs FTHY's -31.17%.

KNG currently has the higher Sharpe Ratio (1.01 vs 0.52), 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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