KNG vs. XYLD
Compare and contrast key facts about FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and Global X S&P 500 Covered Call ETF (XYLD).
KNG and XYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013. Both KNG and XYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KNG or XYLD.
Key characteristics
| KNG | XYLD | |
|---|---|---|
| YTD Return | 11.57% | 15.95% |
| 1Y Return | 21.20% | 19.15% |
| 3Y Return (Ann) | 4.62% | 4.74% |
| 5Y Return (Ann) | 8.90% | 6.65% |
| Sharpe Ratio | 2.29 | 2.78 |
| Sortino Ratio | 3.26 | 3.78 |
| Omega Ratio | 1.41 | 1.74 |
| Calmar Ratio | 2.37 | 3.01 |
| Martin Ratio | 10.95 | 24.27 |
| Ulcer Index | 1.92% | 0.79% |
| Daily Std Dev | 9.17% | 6.87% |
| Max Drawdown | -35.12% | -33.46% |
| Current Drawdown | -1.80% | -0.02% |
Correlation
The correlation between KNG and XYLD is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
KNG vs. XYLD - Performance Comparison
In the year-to-date period, KNG achieves a 11.57% return, which is significantly lower than XYLD's 15.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KNG vs. XYLD - Expense Ratio Comparison
KNG has a 0.75% expense ratio, which is higher than XYLD's 0.60% expense ratio.
Risk-Adjusted Performance
KNG vs. XYLD - 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 Global X S&P 500 Covered Call ETF (XYLD). 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. XYLD - Dividend Comparison
KNG's dividend yield for the trailing twelve months is around 8.47%, less than XYLD's 9.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.47% | 5.91% | 4.01% | 3.45% | 3.62% | 4.09% | 3.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 9.09% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
Drawdowns
KNG vs. XYLD - Drawdown Comparison
The maximum KNG drawdown since its inception was -35.12%, roughly equal to the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for KNG and XYLD. For additional features, visit the drawdowns tool.
Volatility
KNG vs. XYLD - Volatility Comparison
FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a higher volatility of 2.66% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.34%. This indicates that KNG's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.