KNGLX vs. TCBIX
KNGLX (CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund) and TCBIX (The Covered Bridge Fund) are both Derivative Income funds. Over the past 5 years, KNGLX returned 4.69%/yr vs 6.94%/yr for TCBIX. Their correlation of 0.83 means they have usually moved in the same direction. KNGLX charges 1.20%/yr vs 1.40%/yr for TCBIX.
Performance
KNGLX vs. TCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, KNGLX achieves a 9.30% return, which is significantly lower than TCBIX's 10.92% return.
KNGLX
- 1D
- -0.17%
- 1M
- -1.12%
- 6M
- 3.75%
- YTD
- 9.30%
- 1Y
- 13.75%
- 3Y*
- 5.85%
- 5Y*
- 4.69%
- 10Y*
- —
- ALL TIME*
- 7.65%
TCBIX
- 1D
- -0.10%
- 1M
- 1.59%
- 6M
- 7.01%
- YTD
- 10.92%
- 1Y
- 19.02%
- 3Y*
- 9.71%
- 5Y*
- 6.94%
- 10Y*
- 7.57%
- ALL TIME*
- 7.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
KNGLX vs. TCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund | 9.30% | 6.43% | 2.91% | 6.46% | -7.29% | 23.23% | 7.08% | 26.58% | -4.64% |
TCBIX The Covered Bridge Fund | 10.92% | 12.61% | 4.09% | 4.09% | 0.05% | 18.21% | -1.71% | 18.73% | -3.93% |
Correlation
The correlation between KNGLX and TCBIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2018 | 0.83 |
The correlation between KNGLX and TCBIX has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
KNGLX vs. TCBIX — Risk / Return Rank
KNGLX
TCBIX
KNGLX vs. TCBIX - 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 The Covered Bridge Fund (TCBIX). 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 | TCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.38 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.53 | -2.04 |
| Martin ratioReturn relative to average drawdown | 3.90 | 11.58 | -7.68 |
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Drawdowns
KNGLX vs. TCBIX - Drawdown Comparison
The maximum KNGLX drawdown since its inception was -31.48%, which is greater than TCBIX's maximum drawdown of -28.94%. Use the drawdown chart below to compare losses from any high point for KNGLX and TCBIX.
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Drawdown Indicators
| KNGLX | TCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.48% | -28.94% | -2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -5.26% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | -12.73% | -2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -18.25% | -17.07% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.94% | — |
Current DrawdownCurrent decline from peak | -2.21% | -0.31% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -3.45% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.60% | +1.79% |
Volatility
KNGLX vs. TCBIX - Volatility Comparison
CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) has a higher volatility of 4.79% compared to The Covered Bridge Fund (TCBIX) at 2.90%. This indicates that KNGLX's price experiences larger fluctuations and is considered to be riskier than TCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNGLX | TCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 2.90% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.79% | 6.45% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 8.77% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 12.20% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 13.51% | +3.59% |
KNGLX vs. TCBIX - Expense Ratio Comparison
KNGLX has a 1.20% expense ratio, which is lower than TCBIX's 1.40% expense ratio.
Dividends
KNGLX vs. TCBIX - Dividend Comparison
KNGLX's dividend yield for the trailing twelve months is around 12.27%, more than TCBIX's 8.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund | 12.27% | 8.02% | 9.60% | 7.99% | 4.54% | 4.41% | 3.53% | 4.53% | 4.74% | 0.00% | 0.00% | 0.00% |
TCBIX The Covered Bridge Fund | 8.34% | 8.24% | 7.47% | 7.34% | 8.09% | 6.00% | 4.70% | 6.77% | 11.55% | 7.32% | 7.32% | 5.36% |
Frequently Asked Questions
KNGLX and TCBIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNGLX has higher volatility (4.79%) compared to TCBIX (2.90%). In terms of maximum drawdown, KNGLX dropped -31.48% vs TCBIX's -28.94%.
TCBIX currently has the higher Sharpe Ratio (2.14 vs 1.17), 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.
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