KNGLX vs. PUTW

Last updated Jul 15, 2026

KNGLX (CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund) and PUTW (WisdomTree Equity Premium Income Fund) are both Derivative Income funds - KNGLX tracks the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series while PUTW tracks the Volos U.S. Large Cap Target 2.5% PutWrite Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. KNGLX charges 1.20%/yr vs 0.44%/yr for PUTW.

Performance

KNGLX vs. PUTW - 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 WisdomTree Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KNGLX

• 1D: 0.26%
• 1M: 2.59%
• 6M: 5.47%
• YTD: 9.12%
• 1Y: 11.79%
• 3Y*: 6.39%
• 5Y*: 4.93%
• 10Y*: —

PUTW

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KNGLX vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	9.12%	6.43%	2.91%	6.46%	-7.29%	23.23%	7.08%	26.58%	-4.64%
PUTW WisdomTree Equity Premium Income Fund	0.00%	-2.80%	17.19%	14.01%	-11.11%	20.92%	1.67%	13.55%	-8.07%

Correlation

The correlation between KNGLX and PUTW is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 2, 2018	0.59

The correlation between KNGLX and PUTW shifts across timeframes, from 0.36 (3 years) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

KNGLX vs. PUTW — Risk / Return Rank

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

KNGLX

KNGLX Risk / Return Rank: 24
KNGLX Sharpe Ratio Rank: 26
KNGLX Sortino Ratio Rank: 28
KNGLX Omega Ratio Rank: 23
KNGLX Calmar Ratio Rank: 24
KNGLX Martin Ratio Rank: 19

PUTW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. PUTW - 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 WisdomTree Equity Premium Income Fund (PUTW). 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	PUTW	Difference
Sharpe ratio: Return per unit of total volatility	1.07	—	—
Sortino ratio: Return per unit of downside risk	1.65	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.33	—	—
Martin ratio: Return relative to average drawdown	3.47	—	—

Drawdowns

Drawdown Indicators

	KNGLX	PUTW	Difference
Max Drawdown Largest peak-to-trough decline	-31.48%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	—	—
Current Drawdown Current decline from peak	-1.29%	—	—
Average Drawdown Average peak-to-trough decline	-4.59%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	—	—

Volatility

Volatility by Period

	KNGLX	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.03%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	—	—

KNGLX vs. PUTW - Expense Ratio Comparison

KNGLX has a 1.20% expense ratio, which is higher than PUTW's 0.44% expense ratio.

Dividends

KNGLX vs. PUTW - Dividend Comparison

KNGLX's dividend yield for the trailing twelve months is around 12.29%, while PUTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	12.29%	8.02%	9.60%	7.99%	4.54%	4.41%	3.53%	4.53%	4.74%	0.00%	0.00%
PUTW WisdomTree Equity Premium Income Fund	0.00%	4.16%	11.99%	7.63%	2.16%	0.00%	1.43%	1.47%	5.49%	3.33%	2.27%

Frequently Asked Questions

Can I hold both KNGLX and PUTW in my portfolio?

KNGLX and PUTW have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.