KONG vs. QLVD
Compare and contrast key facts about Formidable Fortress ETF (KONG) and FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD).
KONG and QLVD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KONG is an actively managed fund by Formidable Asset Management. It was launched on Jul 22, 2021. QLVD is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Developed Markets ex US Quality Low Volatility Index. It was launched on Jul 15, 2019.
Performance
KONG vs. QLVD - Performance Comparison
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KONG vs. QLVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KONG Formidable Fortress ETF | -3.31% | 6.56% | 9.67% | 12.71% | -9.63% | 5.07% |
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund | 3.29% | 24.21% | 4.67% | 11.57% | -12.09% | 2.25% |
Returns By Period
In the year-to-date period, KONG achieves a -3.31% return, which is significantly lower than QLVD's 3.29% return.
KONG
- 1D
- 2.17%
- 1M
- -3.72%
- YTD
- -3.31%
- 6M
- -3.01%
- 1Y
- 4.56%
- 3Y*
- 6.40%
- 5Y*
- —
- 10Y*
- —
QLVD
- 1D
- 2.09%
- 1M
- -5.62%
- YTD
- 3.29%
- 6M
- 6.74%
- 1Y
- 17.40%
- 3Y*
- 12.29%
- 5Y*
- 7.17%
- 10Y*
- —
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KONG vs. QLVD - Expense Ratio Comparison
KONG has a 0.89% expense ratio, which is higher than QLVD's 0.32% expense ratio.
Return for Risk
KONG vs. QLVD — Risk / Return Rank
KONG
QLVD
KONG vs. QLVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Formidable Fortress ETF (KONG) and FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD). 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.
| KONG | QLVD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 1.41 | -1.09 |
Sortino ratioReturn per unit of downside risk | 0.57 | 2.00 | -1.43 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.28 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.11 | -1.54 |
Martin ratioReturn relative to average drawdown | 2.30 | 8.00 | -5.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KONG | QLVD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.41 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.50 | -0.22 |
Correlation
The correlation between KONG and QLVD is 0.60, 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.
Dividends
KONG vs. QLVD - Dividend Comparison
KONG's dividend yield for the trailing twelve months is around 0.38%, less than QLVD's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
KONG Formidable Fortress ETF | 0.38% | 0.37% | 0.78% | 0.69% | 0.49% | 0.12% | 0.00% | 0.00% |
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund | 2.77% | 2.87% | 3.01% | 3.33% | 2.47% | 3.06% | 1.78% | 1.06% |
Drawdowns
KONG vs. QLVD - Drawdown Comparison
The maximum KONG drawdown since its inception was -19.98%, smaller than the maximum QLVD drawdown of -28.20%. Use the drawdown chart below to compare losses from any high point for KONG and QLVD.
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Drawdown Indicators
| KONG | QLVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.98% | -28.20% | +8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -8.15% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.99% | — |
Current DrawdownCurrent decline from peak | -5.81% | -5.62% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -5.27% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.14% | +0.09% |
Volatility
KONG vs. QLVD - Volatility Comparison
The current volatility for Formidable Fortress ETF (KONG) is 4.49%, while FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) has a volatility of 5.23%. This indicates that KONG experiences smaller price fluctuations and is considered to be less risky than QLVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KONG | QLVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 5.23% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | 7.71% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 12.43% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 11.68% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.72% | 14.02% | +0.70% |