NTRL vs. KNG

Last updated Jun 28, 2026

NTRL (First Trust Equity Market Neutral ETF) and KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - NTRL is a Equity Market Neutral 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. NTRL is actively managed, while KNG is passively managed. A 0.50 correlation means they provide meaningful diversification when combined. NTRL charges 0.95%/yr vs 0.75%/yr for KNG.

Performance

NTRL vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Equity Market Neutral ETF (NTRL) and FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NTRL

• 1D: -0.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KNG

• 1D: 1.08%
• 1M: 4.70%
• YTD: 7.61%
• 6M: 6.65%
• 1Y: 12.79%
• 3Y*: 7.78%
• 5Y*: 5.81%
• 10Y*: —

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

NTRL vs. KNG - Yearly Performance Comparison

	2026 (YTD)
NTRL First Trust Equity Market Neutral ETF	-1.23%
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	2.64%

Correlation

The correlation between NTRL and KNG is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026	0.50

Return for Risk

NTRL vs. KNG — Risk / Return Rank

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

NTRL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KNG

KNG Risk / Return Rank: 35
KNG Sharpe Ratio Rank: 38
KNG Sortino Ratio Rank: 41
KNG Omega Ratio Rank: 35
KNG Calmar Ratio Rank: 33
KNG Martin Ratio Rank: 29

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.

NTRL vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Equity Market Neutral ETF (NTRL) 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.

	NTRL	KNG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.27	—
Sortino ratio: Return per unit of downside risk	—	1.93	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.54	—
Martin ratio: Return relative to average drawdown	—	3.86	—

Drawdowns

NTRL vs. KNG - Drawdown Comparison

The maximum NTRL drawdown since its inception was -1.34%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for NTRL and KNG.

Drawdown Indicators

	NTRL	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-1.34%	-35.12%	+33.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.61%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.20%	—
Current Drawdown Current decline from peak	-1.34%	-0.91%	-0.43%
Average Drawdown Average peak-to-trough decline	-0.87%	-4.12%	+3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.42%	—

Volatility

Volatility by Period

	NTRL	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.80%	10.42%	+1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.80%	13.59%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.80%	17.15%	-5.35%

NTRL vs. KNG - Expense Ratio Comparison

NTRL has a 0.95% expense ratio, which is higher than KNG's 0.75% expense ratio.

Dividends

NTRL vs. KNG - Dividend Comparison

NTRL has not paid dividends to shareholders, while KNG's dividend yield for the trailing twelve months is around 8.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF	8.29%	8.61%	9.08%	5.91%	4.00%	3.45%	3.62%	4.09%	3.46%
NTRL First Trust Equity Market Neutral ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NTRL and KNG in my portfolio?

NTRL and KNG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NTRL or KNG?

On fees, KNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NTRL or KNG?

KNG is cheaper with a 0.75% expense ratio, compared with 0.95% for NTRL.

Which ETF pays a higher dividend yield, NTRL or KNG?

KNG has the higher dividend yield at 8.29%, compared with 0.00% for NTRL.

What is the main difference between NTRL and KNG?

NTRL is categorized as Equity Market Neutral, while KNG is Dividend. Their fees differ too: 0.95% for NTRL and 0.75% for KNG.