Correlation
The correlation between KNGLX and NOBL is 0.79, 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.
KNGLX vs. NOBL
Compare and contrast key facts about CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
KNGLX is managed by CBOE Vest. It was launched on Sep 10, 2017. NOBL is a passively managed fund by ProShares that tracks the performance of the S&P 500 Dividend Aristocrats Index. It was launched on Oct 9, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KNGLX or NOBL.
Performance
KNGLX vs. NOBL - Performance Comparison
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Key characteristics
KNGLX:
0.37
NOBL:
0.43
KNGLX:
0.58
NOBL:
0.65
KNGLX:
1.08
NOBL:
1.08
KNGLX:
0.33
NOBL:
0.38
KNGLX:
1.05
NOBL:
1.18
KNGLX:
4.72%
NOBL:
4.97%
KNGLX:
15.03%
NOBL:
15.31%
KNGLX:
-35.33%
NOBL:
-35.44%
KNGLX:
-5.73%
NOBL:
-6.50%
Returns By Period
In the year-to-date period, KNGLX achieves a 1.43% return, which is significantly higher than NOBL's 1.29% return.
KNGLX
1.43%
2.01%
-5.73%
5.54%
4.93%
10.14%
N/A
NOBL
1.29%
2.21%
-6.50%
6.51%
5.13%
10.75%
9.40%
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KNGLX vs. NOBL - Expense Ratio Comparison
KNGLX has a 1.20% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Risk-Adjusted Performance
KNGLX vs. NOBL — Risk-Adjusted Performance Rank
KNGLX
NOBL
KNGLX vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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.
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Dividends
KNGLX vs. NOBL - Dividend Comparison
KNGLX's dividend yield for the trailing twelve months is around 11.67%, more than NOBL's 2.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund | 11.67% | 14.45% | 7.99% | 4.78% | 5.09% | 3.57% | 3.93% | 4.78% | 0.79% | 0.00% | 0.00% | 0.00% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.12% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% |
Drawdowns
KNGLX vs. NOBL - Drawdown Comparison
The maximum KNGLX drawdown since its inception was -35.33%, roughly equal to the maximum NOBL drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for KNGLX and NOBL.
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Volatility
KNGLX vs. NOBL - Volatility Comparison
The current volatility for CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) is 4.50%, while ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a volatility of 4.97%. This indicates that KNGLX experiences smaller price fluctuations and is considered to be less risky than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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