MSXAX vs. KNGLX

Last updated Apr 2, 2026

Compare and contrast key facts about NYLI S&P 500 Index Class A (MSXAX) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX).

MSXAX is a passively managed fund by New York Life that tracks the performance of the S&P 500 Index. It was launched on Jan 2, 2004. KNGLX is a passively managed fund by CBOE Vest that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Sep 10, 2017. Both MSXAX and KNGLX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MSXAX vs. KNGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI S&P 500 Index Class A (MSXAX) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX). The values are adjusted to include any dividend payments, if applicable.

MSXAX vs. KNGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MSXAX NYLI S&P 500 Index Class A	-4.45%	17.26%	23.98%	25.96%	-18.52%	28.13%	17.86%	30.69%	-5.50%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	1.38%	6.43%	2.91%	6.46%	-7.29%	23.23%	7.08%	26.58%	-4.64%

Returns By Period

In the year-to-date period, MSXAX achieves a -4.45% return, which is significantly lower than KNGLX's 1.38% return.

MSXAX

• 1D: 2.92%
• 1M: -5.05%
• YTD: -4.45%
• 6M: -2.39%
• 1Y: 16.74%
• 3Y*: 17.69%
• 5Y*: 11.23%
• 10Y*: 13.51%

KNGLX

• 1D: 1.21%
• 1M: -6.60%
• YTD: 1.38%
• 6M: 3.23%
• 1Y: 5.21%
• 3Y*: 5.22%
• 5Y*: 4.53%
• 10Y*: —

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

MSXAX vs. KNGLX - Expense Ratio Comparison

MSXAX has a 0.52% expense ratio, which is lower than KNGLX's 1.20% expense ratio.

KNGLX

CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund

MSXAX

NYLI S&P 500 Index Class A

Return for Risk

MSXAX vs. KNGLX — Risk / Return Rank

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

MSXAX

MSXAX Risk / Return Rank: 51
MSXAX Sharpe Ratio Rank: 44
MSXAX Sortino Ratio Rank: 48
MSXAX Omega Ratio Rank: 52
MSXAX Calmar Ratio Rank: 48
MSXAX Martin Ratio Rank: 61

KNGLX

KNGLX Risk / Return Rank: 13
KNGLX Sharpe Ratio Rank: 12
KNGLX Sortino Ratio Rank: 12
KNGLX Omega Ratio Rank: 11
KNGLX Calmar Ratio Rank: 15
KNGLX Martin Ratio Rank: 16

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.

MSXAX vs. KNGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI S&P 500 Index Class A (MSXAX) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX). 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.

	MSXAX	KNGLX	Difference
Sharpe ratio Return per unit of total volatility	0.95	0.36	+0.58
Sortino ratio Return per unit of downside risk	1.45	0.63	+0.83
Omega ratio Gain probability vs. loss probability	1.22	1.08	+0.14
Calmar ratio Return relative to maximum drawdown	1.28	0.50	+0.78
Martin ratio Return relative to average drawdown	6.10	1.88	+4.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSXAX vs. KNGLX - Sharpe Ratio Comparison

The current MSXAX Sharpe Ratio is 0.95, which is higher than the KNGLX Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of MSXAX and KNGLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSXAX	KNGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	0.36	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.33	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.41	+0.11

Correlation

The correlation between MSXAX and KNGLX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MSXAX vs. KNGLX - Dividend Comparison

MSXAX's dividend yield for the trailing twelve months is around 1.11%, less than KNGLX's 5.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSXAX NYLI S&P 500 Index Class A	1.11%	1.06%	5.20%	4.04%	10.30%	4.44%	8.78%	17.42%	14.49%	15.18%	9.63%	5.53%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	5.34%	8.02%	9.60%	7.99%	4.54%	4.41%	3.53%	4.53%	4.74%	0.00%	0.00%	0.00%

Drawdowns

MSXAX vs. KNGLX - Drawdown Comparison

The maximum MSXAX drawdown since its inception was -55.48%, which is greater than KNGLX's maximum drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for MSXAX and KNGLX.

Drawdown Indicators

	MSXAX	KNGLX	Difference
Max Drawdown Largest peak-to-trough decline	-55.48%	-31.48%	-24.00%
Max Drawdown (1Y) Largest decline over 1 year	-12.11%	-10.91%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-24.78%	-18.25%	-6.53%
Max Drawdown (10Y) Largest decline over 10 years	-33.79%	—	—
Current Drawdown Current decline from peak	-6.31%	-6.75%	+0.44%
Average Drawdown Average peak-to-trough decline	-7.21%	-4.60%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.92%	-0.38%

Volatility

MSXAX vs. KNGLX - Volatility Comparison

NYLI S&P 500 Index Class A (MSXAX) has a higher volatility of 5.35% compared to CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) at 3.59%. This indicates that MSXAX's price experiences larger fluctuations and is considered to be riskier than KNGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSXAX	KNGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	3.59%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	7.67%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	18.32%	14.30%	+4.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	14.02%	+2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	17.26%	+0.80%