LEGR vs. KTOS

Last updated Jun 9, 2026

LEGR (First Trust Indxx Innovative Transaction & Process ETF) is Blockchain fund tracking the Indxx Blockchain Index, while KTOS (Kratos Defense & Security Solutions, Inc.) is a stock. Over the past 5 years, LEGR returned 11.39%/yr vs 16.85%/yr for KTOS. At a 0.42 correlation, their price movements are largely independent.

Performance

LEGR vs. KTOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process ETF (LEGR) and Kratos Defense & Security Solutions, Inc. (KTOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEGR achieves a 9.65% return, which is significantly higher than KTOS's -23.95% return.

LEGR

• 1D: 0.90%
• 1M: 0.84%
• YTD: 9.65%
• 6M: 12.21%
• 1Y: 26.49%
• 3Y*: 22.38%
• 5Y*: 11.39%
• 10Y*: —

KTOS

• 1D: -1.35%
• 1M: -0.28%
• YTD: -23.95%
• 6M: -25.06%
• 1Y: 42.65%
• 3Y*: 59.41%
• 5Y*: 16.85%
• 10Y*: 30.73%

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

LEGR vs. KTOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LEGR First Trust Indxx Innovative Transaction & Process ETF	9.65%	30.83%	16.25%	22.79%	-19.01%	17.91%	18.73%	27.99%	-14.11%
KTOS Kratos Defense & Security Solutions, Inc.	-23.95%	187.76%	30.01%	96.61%	-46.80%	-29.27%	52.30%	27.82%	26.37%

Correlation

The correlation between LEGR and KTOS is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018	0.42

The correlation between LEGR and KTOS shifts across timeframes, from 0.32 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LEGR vs. KTOS — Risk / Return Rank

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

LEGR

LEGR Risk / Return Rank: 60
LEGR Sharpe Ratio Rank: 63
LEGR Sortino Ratio Rank: 61
LEGR Omega Ratio Rank: 61
LEGR Calmar Ratio Rank: 57
LEGR Martin Ratio Rank: 59

KTOS

KTOS Risk / Return Rank: 60
KTOS Sharpe Ratio Rank: 62
KTOS Sortino Ratio Rank: 62
KTOS Omega Ratio Rank: 59
KTOS Calmar Ratio Rank: 58
KTOS Martin Ratio Rank: 57

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.

LEGR vs. KTOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) and Kratos Defense & Security Solutions, Inc. (KTOS). 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.

	LEGR	KTOS	Difference
Sharpe ratio: Return per unit of total volatility	1.89	0.60	+1.29
Sortino ratio: Return per unit of downside risk	2.56	1.28	+1.28
Omega ratio: Gain probability vs. loss probability	1.33	1.15	+0.18
Calmar ratio: Return relative to maximum drawdown	2.56	0.71	+1.85
Martin ratio: Return relative to average drawdown	9.59	1.47	+8.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEGR vs. KTOS - Sharpe Ratio Comparison

The current LEGR Sharpe Ratio is 1.89, which is higher than the KTOS Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of LEGR and KTOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LEGR	KTOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	0.60	+1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.32	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	-0.14	+0.72

Drawdowns

LEGR vs. KTOS - Drawdown Comparison

The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum KTOS drawdown of -99.81%. Use the drawdown chart below to compare losses from any high point for LEGR and KTOS.

Drawdown Indicators

	LEGR	KTOS	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-99.81%	+63.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-60.15%	+49.75%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	-60.15%	+45.90%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	-69.39%	+37.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-72.74%	—
Current Drawdown Current decline from peak	-3.89%	-96.34%	+92.45%
Average Drawdown Average peak-to-trough decline	-6.61%	-95.94%	+89.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	29.04%	-26.27%

Volatility

LEGR vs. KTOS - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 5.53%, while Kratos Defense & Security Solutions, Inc. (KTOS) has a volatility of 23.93%. This indicates that LEGR experiences smaller price fluctuations and is considered to be less risky than KTOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEGR	KTOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	23.93%	-18.40%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	56.47%	-44.66%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	71.96%	-57.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	52.22%	-35.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	50.78%	-30.44%

Dividends

LEGR vs. KTOS - Dividend Comparison

LEGR's dividend yield for the trailing twelve months is around 1.71%, while KTOS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KTOS Kratos Defense & Security Solutions, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.71%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%

Frequently Asked Questions

Can I hold both LEGR and KTOS in my portfolio?

LEGR and KTOS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEGR or KTOS?

KTOS has higher volatility (23.93%) compared to LEGR (5.53%). In terms of maximum drawdown, LEGR dropped -36.12% vs KTOS's -99.81%.

Which has better risk-adjusted returns?

LEGR currently has the higher Sharpe Ratio (1.89 vs 0.60), 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.