LMBS vs. KNG
LMBS (First Trust Low Duration Mortgage Opportunities ETF) and KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - LMBS is a Mortgage Backed Securities fund actively managed by First Trust, while KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. LMBS is actively managed, while KNG is passively managed. Over the past 5 years, LMBS returned 3.09%/yr vs 5.38%/yr for KNG. At a 0.05 correlation, their price movements are largely independent. LMBS charges 0.68%/yr vs 0.75%/yr for KNG.
Performance
LMBS vs. KNG - Performance Comparison
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Returns By Period
In the year-to-date period, LMBS achieves a 1.41% return, which is significantly lower than KNG's 4.17% return.
LMBS
- 1D
- -0.02%
- 1M
- 0.37%
- YTD
- 1.41%
- 6M
- 1.39%
- 1Y
- 5.62%
- 3Y*
- 5.79%
- 5Y*
- 3.09%
- 10Y*
- 2.66%
KNG
- 1D
- -0.26%
- 1M
- 1.42%
- YTD
- 4.17%
- 6M
- 3.47%
- 1Y
- 10.97%
- 3Y*
- 7.19%
- 5Y*
- 5.38%
- 10Y*
- —
LMBS vs. KNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LMBS First Trust Low Duration Mortgage Opportunities ETF | 1.41% | 7.05% | 5.15% | 6.10% | -3.07% | -0.91% | 1.64% | 4.10% | 1.59% |
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 4.17% | 6.63% | 5.99% | 7.48% | -7.03% | 24.78% | 7.21% | 26.64% | -1.56% |
Correlation
The correlation between LMBS and KNG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | 0.05 |
Over the past year, LMBS and KNG have become more correlated (0.31) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
LMBS vs. KNG — Risk / Return Rank
LMBS
KNG
LMBS vs. KNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Mortgage Opportunities ETF (LMBS) and FT 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.
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.
| LMBS | KNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.18 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 1.28 | +2.67 |
| Martin ratioReturn relative to average drawdown | 16.62 | 3.23 | +13.40 |
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Drawdowns
LMBS vs. KNG - Drawdown Comparison
The maximum LMBS drawdown since its inception was -6.49%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for LMBS and KNG.
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Drawdown Indicators
| LMBS | KNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.49% | -35.12% | +28.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -8.61% | +7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -1.72% | -14.24% | +12.52% |
Max Drawdown (5Y)Largest decline over 5 years | -6.06% | -18.20% | +12.14% |
Max Drawdown (10Y)Largest decline over 10 years | -6.49% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -4.08% | +3.88% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -4.13% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 3.41% | -3.07% |
Volatility
LMBS vs. KNG - Volatility Comparison
The current volatility for First Trust Low Duration Mortgage Opportunities ETF (LMBS) is 0.55%, while FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a volatility of 2.98%. This indicates that LMBS experiences smaller price fluctuations and is considered to be less risky than KNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMBS | KNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 2.98% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 7.57% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 10.41% | -8.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.57% | 13.58% | -11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.35% | 17.16% | -14.81% |
LMBS vs. KNG - Expense Ratio Comparison
LMBS has a 0.68% expense ratio, which is lower than KNG's 0.75% expense ratio.
Dividends
LMBS vs. KNG - Dividend Comparison
LMBS's dividend yield for the trailing twelve months is around 4.09%, less than KNG's 8.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.51% | 8.61% | 9.08% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% | 0.00% | 0.00% | 0.00% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.09% | 4.08% | 4.28% | 3.96% | 2.22% | 2.04% | 2.27% | 2.55% | 2.76% | 2.73% | 2.84% | 3.03% |
Frequently Asked Questions
LMBS and KNG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNG has higher volatility (2.98%) compared to LMBS (0.55%). In terms of maximum drawdown, LMBS dropped -6.49% vs KNG's -35.12%.
On 5-year performance, KNG leads with 5.38% vs 3.09% for LMBS. On fees, LMBS is cheaper at 0.68% per year. On volatility, LMBS has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KNG has performed better with a 5.38% return vs 3.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LMBS is cheaper with a 0.68% expense ratio, compared with 0.75% for KNG.
KNG has the higher dividend yield at 8.51%, compared with 4.09% for LMBS.
LMBS is categorized as Mortgage Backed Securities, while KNG is Dividend. Their fees differ too: 0.68% for LMBS and 0.75% for KNG.
LMBS currently has the higher Sharpe Ratio (2.91 vs 1.06), 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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