KNGLX vs. KNG

Last updated Jun 24, 2026

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

Performance

KNGLX vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) and FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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

KNGLX

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

KNG

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

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

KNGLX vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
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%

Correlation

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

Return for Risk

KNGLX vs. KNG — Risk / Return Rank

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

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

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

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.

KNGLX vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) and FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). 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.

	KNGLX	KNG	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.01	+0.04
Sortino ratio: Return per unit of downside risk	1.62	1.55	+0.07
Omega ratio: Gain probability vs. loss probability	1.18	1.18	+0.01
Calmar ratio: Return relative to maximum drawdown	1.29	1.22	+0.07
Martin ratio: Return relative to average drawdown	3.40	3.07	+0.33

KNGLX vs. KNG - Sharpe Ratio Comparison

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

KNGLX vs. KNG - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

KNGLX vs. KNG - Volatility Comparison

CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) has a higher volatility of 3.15% compared to FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 3.00%. This indicates that KNGLX's price experiences larger fluctuations and is considered to be riskier than KNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

KNGLX vs. KNG - Expense Ratio Comparison

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

Dividends

KNGLX vs. KNG - Dividend Comparison

KNGLX's dividend yield for the trailing twelve months is around 12.51%, more than KNG's 8.45% 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 KNGLX and KNG in my portfolio?

With a correlation of 0.98, KNGLX and KNG 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, KNGLX or KNG?

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

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.