KNG vs. HIGH

Last updated Aug 4, 2026

KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) and HIGH (Simplify Enhanced Income 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 HIGH is a Derivative Income fund actively managed by Simplify. KNG is passively managed, while HIGH is actively managed. Over the past 3 years, KNG returned 7.54%/yr vs 2.88%/yr for HIGH. Their 0.20 correlation means their historical movements had little consistent relationship. KNG charges 0.75%/yr vs 0.50%/yr for HIGH.

Performance

KNG vs. HIGH - 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 Simplify Enhanced Income ETF (HIGH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KNG achieves a 9.32% return, which is significantly higher than HIGH's 0.14% return.

KNG

• 1D: 0.57%
• 1M: -0.24%
• 6M: 3.81%
• YTD: 9.32%
• 1Y: 13.86%
• 3Y*: 7.54%
• 5Y*: 5.81%
• 10Y*: —
• ALL TIME*: 9.03%

HIGH

• 1D: 1.15%
• 1M: 0.70%
• 6M: 0.59%
• YTD: 0.14%
• 1Y: -0.12%
• 3Y*: 2.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HIGH Simplify Enhanced Income ETF	$241.27K	$246.12K	$538.64K
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	$18.79M	$15.77M	$14.65M

KNG vs. HIGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	9.32%	6.63%	5.99%	7.48%	4.32%
HIGH Simplify Enhanced Income ETF	0.14%	4.35%	1.52%	7.70%	0.47%

Correlation

The correlation between KNG and HIGH is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.14
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.20

Return for Risk

KNG vs. HIGH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KNG

KNG Risk / Return Rank: 47
KNG Sharpe Ratio Rank: 51
KNG Sortino Ratio Rank: 55
KNG Omega Ratio Rank: 47
KNG Calmar Ratio Rank: 44
KNG Martin Ratio Rank: 38

HIGH

HIGH Risk / Return Rank: 10
HIGH Sharpe Ratio Rank: 11
HIGH Sortino Ratio Rank: 10
HIGH Omega Ratio Rank: 10
HIGH Calmar Ratio Rank: 11
HIGH Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KNG vs. HIGH - 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 Simplify Enhanced Income ETF (HIGH). 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	HIGH	Difference
Sharpe ratio: Return per unit of total volatility	1.28	-0.02	+1.30
Sortino ratio: Return per unit of downside risk	1.96	0.03	+1.93
Omega ratio: Gain probability vs. loss probability	1.22	1.00	+0.22
Calmar ratio: Return relative to maximum drawdown	1.62	-0.02	+1.63
Martin ratio: Return relative to average drawdown	4.05	-0.03	+4.08

KNG vs. HIGH - Sharpe Ratio Comparison

The current KNG Sharpe Ratio is 1.28, which is higher than the HIGH Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of KNG and HIGH, 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. HIGH - Drawdown Comparison

The maximum KNG drawdown since its inception was -35.12%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for KNG and HIGH.

Drawdown Indicators

	KNG	HIGH	Difference
Max Drawdown Largest peak-to-trough decline	-35.12%	-9.50%	-25.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-7.08%	-1.53%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-9.50%	-4.74%
Max Drawdown (5Y) Largest decline over 5 years	-18.20%	—	—
Current Drawdown Current decline from peak	-1.56%	-6.63%	+5.07%
Average Drawdown Average peak-to-trough decline	-4.09%	-2.59%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	4.47%	-1.04%

Volatility

KNG vs. HIGH - Volatility Comparison

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a higher volatility of 4.32% compared to Simplify Enhanced Income ETF (HIGH) at 2.43%. This indicates that KNG's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNG	HIGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	2.43%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	4.03%	+4.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	7.31%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	9.48%	+4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.12%	9.48%	+7.64%

KNG vs. HIGH - Expense Ratio Comparison

KNG has a 0.75% expense ratio, which is higher than HIGH's 0.50% expense ratio.

Dividends

KNG vs. HIGH - Dividend Comparison

KNG's dividend yield for the trailing twelve months is around 8.22%, more than HIGH's 6.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HIGH Simplify Enhanced Income ETF	6.81%	7.71%	8.34%	9.40%	0.62%	0.00%	0.00%	0.00%	0.00%
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	8.22%	8.61%	9.08%	5.91%	4.00%	3.45%	3.62%	4.09%	3.46%

Frequently Asked Questions

Can I hold both KNG and HIGH in my portfolio?

KNG and HIGH have a correlation of 0.14, 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 HIGH?

KNG has higher volatility (4.32%) compared to HIGH (2.43%). In terms of maximum drawdown, KNG dropped -35.12% vs HIGH's -9.50%.

Which ETF is better, KNG or HIGH?

On 3-year performance, KNG leads with 7.54% vs 2.88% for HIGH. On fees, HIGH is cheaper at 0.50% per year. On volatility, HIGH has been the lower-risk option at 2.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KNG or HIGH?

Over the 3-year period, KNG has performed better with a 7.54% return vs 2.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNG or HIGH?

HIGH is cheaper with a 0.50% expense ratio, compared with 0.75% for KNG.

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

KNG has the higher dividend yield at 8.22%, compared with 6.81% for HIGH.

What is the main difference between KNG and HIGH?

KNG is categorized as Dividend, while HIGH is Derivative Income. They also come from different issuers: First Trust and Simplify. Their fees differ too: 0.75% for KNG and 0.50% for HIGH.

Which has better risk-adjusted returns?

KNG currently has the higher Sharpe Ratio (1.28 vs -0.02), 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.