KNG vs. KNGLX

Last updated Jun 24, 2026

KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) and KNGLX (CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund) are both funds - KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while KNGLX is a Derivative Income fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Both are passively managed. Over the past 5 years, KNG returned 5.39%/yr vs 4.41%/yr for KNGLX. Their correlation of 0.95 suggests significant overlap in exposure. KNG charges 0.75%/yr vs 1.20%/yr for KNGLX.

Performance

KNG vs. KNGLX - 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 CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with KNG having a 4.84% return and KNGLX slightly lower at 4.69%.

KNG

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

KNGLX

• 1D: -0.09%
• 1M: 1.53%
• YTD: 4.69%
• 6M: 4.22%
• 1Y: 10.14%
• 3Y*: 6.05%
• 5Y*: 4.41%
• 10Y*: —

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

KNG vs. KNGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	4.84%	6.63%	5.99%	7.48%	-7.03%	24.78%	7.21%	26.64%	-1.56%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	4.69%	6.43%	2.91%	6.46%	-7.29%	23.23%	7.08%	26.58%	-1.35%

Correlation

The correlation between KNG and KNGLX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018	0.95

The correlation between KNG and KNGLX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

KNG vs. KNGLX — Risk / Return Rank

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

KNG

KNG Risk / Return Rank: 27
KNG Sharpe Ratio Rank: 29
KNG Sortino Ratio Rank: 30
KNG Omega Ratio Rank: 26
KNG Calmar Ratio Rank: 26
KNG Martin Ratio Rank: 24

KNGLX

KNGLX Risk / Return Rank: 15
KNGLX Sharpe Ratio Rank: 16
KNGLX Sortino Ratio Rank: 18
KNGLX Omega Ratio Rank: 15
KNGLX Calmar Ratio Rank: 15
KNGLX Martin Ratio Rank: 13

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. KNGLX - 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 CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX). 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	KNGLX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.06	-0.04
Sortino ratio: Return per unit of downside risk	1.55	1.62	-0.07
Omega ratio: Gain probability vs. loss probability	1.18	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	1.22	1.29	-0.07
Martin ratio: Return relative to average drawdown	3.07	3.40	-0.33

KNG vs. KNGLX - Sharpe Ratio Comparison

The current KNG Sharpe Ratio is 1.01, which is comparable to the KNGLX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of KNG and KNGLX, 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. KNGLX - Drawdown Comparison

The maximum KNG drawdown since its inception was -35.12%, which is greater than KNGLX's maximum drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for KNG and KNGLX.

Drawdown Indicators

	KNG	KNGLX	Difference
Max Drawdown Largest peak-to-trough decline	-35.12%	-31.48%	-3.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-8.90%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-14.79%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-18.20%	-18.25%	+0.05%
Current Drawdown Current decline from peak	-3.46%	-3.70%	+0.24%
Average Drawdown Average peak-to-trough decline	-4.13%	-4.62%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	3.37%	+0.05%

Volatility

KNG vs. KNGLX - Volatility Comparison

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) have volatilities of 3.00% and 3.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNG	KNGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	3.15%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	7.89%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	10.86%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.58%	14.01%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.15%	17.12%	+0.03%

KNG vs. KNGLX - Expense Ratio Comparison

KNG has a 0.75% expense ratio, which is lower than KNGLX's 1.20% expense ratio.

Dividends

KNG vs. KNGLX - Dividend Comparison

KNG's dividend yield for the trailing twelve months is around 8.45%, less than KNGLX's 12.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	12.51%	8.02%	9.60%	7.99%	4.54%	4.41%	3.53%	4.53%	4.74%

Frequently Asked Questions

Can I hold both KNG and KNGLX in my portfolio?

With a correlation of 0.98, KNG and KNGLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, KNG or KNGLX?

KNGLX has higher volatility (3.15%) compared to KNG (3.00%). In terms of maximum drawdown, KNG dropped -35.12% vs KNGLX's -31.48%.

Which has better risk-adjusted returns?

KNGLX currently has the higher Sharpe Ratio (1.06 vs 1.01), 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.