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KNG vs. PFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KNG vs. PFN

Last updated Jun 24, 2026

KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) and PFN (PIMCO Income Strategy Fund II) are both funds - KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while PFN is a Multisector Bonds fund managed by PIMCO. Over the past 5 years, KNG returned 5.39%/yr vs 1.62%/yr for PFN. At a 0.33 correlation, their price movements are largely independent. KNG charges 0.75%/yr vs 1.74%/yr for PFN.

Performance

KNG vs. PFN - 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 PIMCO Income Strategy Fund II (PFN). 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 PFN's -3.70% return.

KNG

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

PFN

1D
0.29%
1M
0.33%
YTD
-3.70%
6M
-2.79%
1Y
5.34%
3Y*
10.39%
5Y*
1.62%
10Y*
7.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KNG vs. PFN - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%
PFN
PIMCO Income Strategy Fund II		-3.70%13.07%15.72%15.43%-17.65%5.14%3.97%21.84%-1.76%

Correlation

The correlation between KNG and PFN is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.25

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

0.33

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2018

0.33

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

PIMCO Income Strategy Fund II

Often compared with KNG:
KNG vs. NOBLKNG vs. SCHDKNG vs. JEPIKNG vs. DIVOKNG vs. SPYKNG vs. KNGLXKNG vs. DGT
Often compared with PFN:
PFN vs. PDIPFN vs. PCNPFN vs. PHKPFN vs. PTYPFN vs. GOFPFN vs. EICPFN vs. JEPI

Return for Risk

KNG vs. PFN — 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
PFN
PFN Risk / Return Rank: 77
Overall Rank
PFN Sharpe Ratio Rank: 77
Sharpe Ratio Rank
PFN Sortino Ratio Rank: 77
Sortino Ratio Rank
PFN Omega Ratio Rank: 77
Omega Ratio Rank
PFN Calmar Ratio Rank: 66
Calmar Ratio Rank
PFN 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. PFN - 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 PIMCO Income Strategy Fund II (PFN). 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.

KNGPFNDifference
Sharpe ratioReturn per unit of total volatility
1.01
0.53

+0.49

Sortino ratioReturn per unit of downside risk
1.55
0.82

+0.73

Omega ratioGain probability vs. loss probability

1.18

1.11

+0.07

Calmar ratioReturn relative to maximum drawdown

1.22

0.50

+0.72

Martin ratioReturn relative to average drawdown

3.07

1.82

+1.24

KNG vs. PFN - Sharpe Ratio Comparison

The current KNG Sharpe Ratio is 1.01, which is higher than the PFN Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of KNG and PFN, 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. PFN - Drawdown Comparison

The maximum KNG drawdown since its inception was -35.12%, smaller than the maximum PFN drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for KNG and PFN.

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Drawdown Indicators

KNGPFNDifference

Max Drawdown

Largest peak-to-trough decline

-35.12%

-80.08%

+44.96%

Max Drawdown (1Y)

Largest decline over 1 year

-8.61%

-10.77%

+2.16%

Max Drawdown (3Y)

Largest decline over 3 years

-14.24%

-14.31%

+0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-18.20%

-33.45%

+15.25%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.70%

—

Current Drawdown

Current decline from peak

-3.46%

-4.74%

+1.28%

Average Drawdown

Average peak-to-trough decline

-4.13%

-11.81%

+7.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.42%

2.93%

+0.49%

Volatility

KNG vs. PFN - Volatility Comparison

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a higher volatility of 3.00% compared to PIMCO Income Strategy Fund II (PFN) at 2.79%. This indicates that KNG's price experiences larger fluctuations and is considered to be riskier than PFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KNGPFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.00%

2.79%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

7.59%

9.01%

-1.42%

Volatility (1Y)

Calculated over the trailing 1-year period

10.41%

10.14%

+0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.58%

14.64%

-1.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.15%

18.19%

-1.04%

KNG vs. PFN - Expense Ratio Comparison

KNG has a 0.75% expense ratio, which is lower than PFN's 1.74% expense ratio.

Dividends

KNG vs. PFN - Dividend Comparison

KNG's dividend yield for the trailing twelve months is around 8.45%, less than PFN's 12.67% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
PFN
PIMCO Income Strategy Fund II		12.67%11.49%11.57%11.92%12.19%9.71%9.67%9.07%10.81%9.20%10.12%11.74%

Frequently Asked Questions

KNG and PFN have a correlation of 0.29, 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 PFN (2.79%). In terms of maximum drawdown, KNG dropped -35.12% vs PFN's -80.08%.

KNG currently has the higher Sharpe Ratio (1.01 vs 0.53), 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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