Correlation
The correlation between KNGZ and RDVY is 0.67, 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. RDVY
Compare and contrast key facts about First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) and First Trust Rising Dividend Achievers ETF (RDVY).
KNGZ and RDVY 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. RDVY is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Rising Dividend Achievers. It was launched on Jan 6, 2014. Both KNGZ and RDVY 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 RDVY.
Performance
KNGZ vs. RDVY - Performance Comparison
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Key characteristics
KNGZ:
0.27
RDVY:
0.59
KNGZ:
0.54
RDVY:
0.95
KNGZ:
1.07
RDVY:
1.12
KNGZ:
0.27
RDVY:
0.62
KNGZ:
0.90
RDVY:
2.09
KNGZ:
5.88%
RDVY:
5.62%
KNGZ:
18.29%
RDVY:
21.11%
KNGZ:
-37.44%
RDVY:
-40.60%
KNGZ:
-7.61%
RDVY:
-5.64%
Returns By Period
In the year-to-date period, KNGZ achieves a 0.14% return, which is significantly lower than RDVY's 2.21% return.
KNGZ
0.14%
4.73%
-7.23%
3.89%
5.22%
12.64%
N/A
RDVY
2.21%
5.34%
-5.53%
10.82%
10.80%
16.96%
12.35%
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KNGZ vs. RDVY - Expense Ratio Comparison
Both KNGZ and RDVY have an expense ratio of 0.50%.
Risk-Adjusted Performance
KNGZ vs. RDVY — Risk-Adjusted Performance Rank
KNGZ
RDVY
KNGZ vs. RDVY - 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 First Trust Rising Dividend Achievers ETF (RDVY). 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. RDVY - Dividend Comparison
KNGZ's dividend yield for the trailing twelve months is around 2.64%, more than RDVY's 1.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF | 2.64% | 2.55% | 3.11% | 2.52% | 1.95% | 2.44% | 2.85% | 4.10% | 1.11% | 0.00% | 0.00% | 0.00% |
RDVY First Trust Rising Dividend Achievers ETF | 1.67% | 1.65% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% | 1.91% |
Drawdowns
KNGZ vs. RDVY - Drawdown Comparison
The maximum KNGZ drawdown since its inception was -37.44%, smaller than the maximum RDVY drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for KNGZ and RDVY.
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Volatility
KNGZ vs. RDVY - Volatility Comparison
First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) has a higher volatility of 5.73% compared to First Trust Rising Dividend Achievers ETF (RDVY) at 5.26%. This indicates that KNGZ's price experiences larger fluctuations and is considered to be riskier than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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