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KNGLX vs. KNGZ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

KNGLX vs. KNGZ

Last updated Apr 2, 2026

Compare and contrast key facts about CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) and First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ).

KNGLX is a passively managed fund by CBOE Vest that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Sep 10, 2017. KNGZ is a passively managed fund by First Trust that tracks the performance of the S&P 500 Sector-Neutral Dividend Aristocrats Index. It was launched on Jun 20, 2017. Both KNGLX and KNGZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

KNGLX vs. KNGZ - 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 First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ). The values are adjusted to include any dividend payments, if applicable.

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KNGLX vs. KNGZ - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
KNGLX
CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund		1.38%6.43%2.91%6.46%-7.29%23.23%7.08%26.58%-4.64%
KNGZ
First Trust S&P 500 Diversified Dividend Aristocrats ETF		1.03%14.27%11.05%9.77%-7.55%28.99%5.51%27.34%-7.50%

Returns By Period

In the year-to-date period, KNGLX achieves a 1.38% return, which is significantly higher than KNGZ's 1.03% return.

KNGLX

1D
1.21%
1M
-6.60%
YTD
1.38%
6M
3.23%
1Y
5.21%
3Y*
5.22%
5Y*
4.53%
10Y*
—

KNGZ

1D
-0.01%
1M
-5.18%
YTD
1.03%
6M
1.91%
1Y
15.28%
3Y*
11.31%
5Y*
7.74%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund

First Trust S&P 500 Diversified Dividend Aristocrats ETF

Often compared with KNGLX:
KNGLX vs. KNGKNGLX vs. NOBLKNGLX vs. HTGCKNGLX vs. SCHDKNGLX vs. DIVOKNGLX vs. DGROKNGLX vs. FDFIX
Often compared with KNGZ:
KNGZ vs. KNGKNGZ vs. SHRYKNGZ vs. RDVYKNGZ vs. DIVOKNGZ vs. SCHDKNGZ vs. VOOKNGZ vs. NOBL

KNGLX vs. KNGZ - Expense Ratio Comparison

KNGLX has a 1.20% expense ratio, which is higher than KNGZ's 0.50% expense ratio.

KNGLX
CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund
KNGZ
First Trust S&P 500 Diversified Dividend Aristocrats ETF

Return for Risk

KNGLX vs. KNGZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KNGLX
KNGLX Risk / Return Rank: 1313
Overall Rank
KNGLX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
KNGLX Sortino Ratio Rank: 1212
Sortino Ratio Rank
KNGLX Omega Ratio Rank: 1111
Omega Ratio Rank
KNGLX Calmar Ratio Rank: 1515
Calmar Ratio Rank
KNGLX Martin Ratio Rank: 1616
Martin Ratio Rank
KNGZ
KNGZ Risk / Return Rank: 4242
Overall Rank
KNGZ Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
KNGZ Sortino Ratio Rank: 4343
Sortino Ratio Rank
KNGZ Omega Ratio Rank: 4343
Omega Ratio Rank
KNGZ Calmar Ratio Rank: 3939
Calmar Ratio Rank
KNGZ Martin Ratio Rank: 4141
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.

KNGLX vs. KNGZ - 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 First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ). 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.

KNGLXKNGZDifference

Sharpe ratio

Return per unit of total volatility

0.36

0.82

-0.46

Sortino ratio

Return per unit of downside risk

0.63

1.26

-0.63

Omega ratio

Gain probability vs. loss probability

1.08

1.18

-0.10

Calmar ratio

Return relative to maximum drawdown

0.50

1.11

-0.61

Martin ratio

Return relative to average drawdown

1.88

4.26

-2.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNGLX vs. KNGZ - Sharpe Ratio Comparison

The current KNGLX Sharpe Ratio is 0.36, which is lower than the KNGZ Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of KNGLX and KNGZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

KNGLXKNGZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.36

0.82

-0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.49

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.53

-0.12

Correlation

The correlation between KNGLX and KNGZ is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

KNGLX vs. KNGZ - Dividend Comparison

KNGLX's dividend yield for the trailing twelve months is around 5.34%, more than KNGZ's 2.69% yield.

TTM202520242023202220212020201920182017
KNGLX
CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund		5.34%8.02%9.60%7.99%4.54%4.41%3.53%4.53%4.74%0.00%
KNGZ
First Trust S&P 500 Diversified Dividend Aristocrats ETF		2.69%2.70%2.55%3.10%2.52%1.95%2.44%2.85%4.09%1.10%

Drawdowns

KNGLX vs. KNGZ - Drawdown Comparison

The maximum KNGLX drawdown since its inception was -31.48%, smaller than the maximum KNGZ drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for KNGLX and KNGZ.

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Drawdown Indicators

KNGLXKNGZDifference

Max Drawdown

Largest peak-to-trough decline

-31.48%

-37.44%

+5.96%

Max Drawdown (1Y)

Largest decline over 1 year

-10.91%

-13.46%

+2.55%

Max Drawdown (5Y)

Largest decline over 5 years

-18.25%

-19.71%

+1.46%

Current Drawdown

Current decline from peak

-6.75%

-7.23%

+0.48%

Average Drawdown

Average peak-to-trough decline

-4.60%

-4.93%

+0.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

3.50%

-0.58%

Volatility

KNGLX vs. KNGZ - Volatility Comparison

The current volatility for CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) is 3.59%, while First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) has a volatility of 4.25%. This indicates that KNGLX experiences smaller price fluctuations and is considered to be less risky than KNGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KNGLXKNGZDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.59%

4.25%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

7.67%

10.17%

-2.50%

Volatility (1Y)

Calculated over the trailing 1-year period

14.30%

18.61%

-4.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.02%

16.03%

-2.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.26%

18.94%

-1.68%