KNG vs. USFR
KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 5 years, KNG returned 5.39%/yr vs 3.71%/yr for USFR. At a correlation of -0.02, they often move in opposite directions. KNG charges 0.75%/yr vs 0.15%/yr for USFR.
Performance
KNG vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, KNG achieves a 4.84% return, which is significantly higher than USFR's 1.82% return.
KNG
- 1D
- 0.65%
- 1M
- 2.07%
- YTD
- 4.84%
- 6M
- 4.41%
- 1Y
- 10.46%
- 3Y*
- 7.42%
- 5Y*
- 5.39%
- 10Y*
- —
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
KNG vs. USFR - 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% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 1.38% |
Correlation
The correlation between KNG and USFR is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | -0.02 |
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Return for Risk
KNG vs. USFR — Risk / Return Rank
KNG
USFR
KNG vs. USFR - 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 WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.66 | ||
| Sortino ratioReturn per unit of downside risk | -48.58 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 13.31 | -12.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 201.33 | -200.11 |
| Martin ratioReturn relative to average drawdown | 3.07 | 779.76 | -776.69 |
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Drawdowns
KNG vs. USFR - Drawdown Comparison
The maximum KNG drawdown since its inception was -35.12%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for KNG and USFR.
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Drawdown Indicators
| KNG | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.12% | -1.36% | -33.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -0.02% | -8.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | -0.06% | -14.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -0.18% | -18.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -3.46% | 0.00% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -0.15% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 0.01% | +3.41% |
Volatility
KNG vs. USFR - Volatility Comparison
FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a higher volatility of 3.00% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that KNG's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNG | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 0.09% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 0.19% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.41% | 0.27% | +10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 0.40% | +13.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.15% | 0.78% | +16.37% |
KNG vs. USFR - Expense Ratio Comparison
KNG has a 0.75% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
KNG vs. USFR - Dividend Comparison
KNG's dividend yield for the trailing twelve months is around 8.45%, more than USFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
KNG and USFR have a correlation of -0.08, 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 USFR (0.09%). In terms of maximum drawdown, KNG dropped -35.12% vs USFR's -1.36%.
On 5-year performance, KNG leads with 5.39% vs 3.71% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KNG has performed better with a 5.39% return vs 3.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.75% for KNG.
KNG has the higher dividend yield at 8.45%, compared with 3.90% for USFR.
KNG is categorized as Dividend, while USFR is Government Bonds. KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.75% for KNG and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 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.
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