KNG vs. IDAIX
Compare and contrast key facts about FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and Delaware Ivy S&P 500 Dividend Aristocrats Index Fund (IDAIX).
KNG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Mar 26, 2018. IDAIX is managed by Ivy Funds. It was launched on Apr 19, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KNG or IDAIX.
Performance
KNG vs. IDAIX - Performance Comparison
Returns By Period
KNG
10.70%
-2.57%
5.70%
16.82%
8.82%
N/A
IDAIX
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| KNG | IDAIX |
|---|
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KNG vs. IDAIX - Expense Ratio Comparison
KNG has a 0.75% expense ratio, which is higher than IDAIX's 0.50% expense ratio.
Correlation
The correlation between KNG and IDAIX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
KNG vs. IDAIX - Risk-Adjusted Performance 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 Delaware Ivy S&P 500 Dividend Aristocrats Index Fund (IDAIX). 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.
Dividends
KNG vs. IDAIX - Dividend Comparison
KNG's dividend yield for the trailing twelve months is around 8.54%, while IDAIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 7.86% | 5.91% | 4.01% | 3.45% | 3.62% | 4.09% | 3.46% | 0.00% |
IDAIX Delaware Ivy S&P 500 Dividend Aristocrats Index Fund | 154.66% | 13.13% | 167.98% | 7.79% | 6.52% | 4.21% | 3.37% | 0.70% |
Drawdowns
KNG vs. IDAIX - Drawdown Comparison
Volatility
KNG vs. IDAIX - Volatility Comparison
FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a higher volatility of 2.62% compared to Delaware Ivy S&P 500 Dividend Aristocrats Index Fund (IDAIX) at 0.00%. This indicates that KNG's price experiences larger fluctuations and is considered to be riskier than IDAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.