NDJI vs. KNG
Compare and contrast key facts about Nationwide Dow Jones Risk-Managed Income ETF (NDJI) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).
NDJI and KNG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NDJI is an actively managed fund by Nationwide. It was launched on Dec 16, 2021. KNG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Mar 26, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDJI or KNG.
Key characteristics
| NDJI | KNG |
|---|
Correlation
The correlation between NDJI and KNG 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.
Performance
NDJI vs. KNG - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NDJI vs. KNG - Expense Ratio Comparison
NDJI has a 0.68% expense ratio, which is lower than KNG's 0.75% expense ratio.
Risk-Adjusted Performance
NDJI vs. KNG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Dow Jones Risk-Managed Income ETF (NDJI) and FT Cboe 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.
Dividends
NDJI vs. KNG - Dividend Comparison
NDJI has not paid dividends to shareholders, while KNG's dividend yield for the trailing twelve months is around 8.37%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
NDJI Nationwide Dow Jones Risk-Managed Income ETF | 2.78% | 6.74% | 7.69% | 0.57% | 0.00% | 0.00% | 0.00% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.37% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% |
Drawdowns
NDJI vs. KNG - Drawdown Comparison
Volatility
NDJI vs. KNG - Volatility Comparison
The current volatility for Nationwide Dow Jones Risk-Managed Income ETF (NDJI) is 0.00%, while FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a volatility of 2.97%. This indicates that NDJI 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.