Correlation
The correlation between KNGZ and KNG is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
KNGZ vs. KNG
Compare and contrast key facts about First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).
KNGZ and KNG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. KNG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Mar 26, 2018. Both KNGZ and KNG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KNGZ or KNG.
Performance
KNGZ vs. KNG - Performance Comparison
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Key characteristics
KNGZ:
0.27
KNG:
0.41
KNGZ:
0.54
KNG:
0.61
KNGZ:
1.07
KNG:
1.08
KNGZ:
0.27
KNG:
0.35
KNGZ:
0.90
KNG:
1.12
KNGZ:
5.88%
KNG:
4.49%
KNGZ:
18.29%
KNG:
13.68%
KNGZ:
-37.44%
KNG:
-35.12%
KNGZ:
-7.61%
KNG:
-5.79%
Returns By Period
In the year-to-date period, KNGZ achieves a 0.14% return, which is significantly lower than KNG's 1.25% return.
KNGZ
0.14%
4.12%
-7.23%
4.86%
5.22%
12.64%
N/A
KNG
1.25%
2.04%
-5.79%
5.59%
4.66%
10.03%
N/A
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KNGZ vs. KNG - Expense Ratio Comparison
KNGZ has a 0.50% expense ratio, which is lower than KNG's 0.75% expense ratio.
Risk-Adjusted Performance
KNGZ vs. KNG — Risk-Adjusted Performance Rank
KNGZ
KNG
KNGZ vs. KNG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) and FT Cboe 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.
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Dividends
KNGZ vs. KNG - Dividend Comparison
KNGZ's dividend yield for the trailing twelve months is around 2.64%, less than KNG's 9.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF | 2.64% | 2.55% | 3.10% | 2.52% | 1.95% | 2.44% | 2.85% | 4.09% | 1.10% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 9.11% | 9.08% | 5.91% | 4.00% | 3.45% | 3.40% | 4.09% | 3.46% | 0.00% |
Drawdowns
KNGZ vs. KNG - Drawdown Comparison
The maximum KNGZ drawdown since its inception was -37.44%, which is greater than KNG's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for KNGZ and KNG.
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Volatility
KNGZ vs. KNG - Volatility Comparison
First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) has a higher volatility of 5.73% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 4.36%. This indicates that KNGZ'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.
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