RDVI vs. KNG

Last updated Jun 5, 2026

RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers, while KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Both are passively managed. Over the past 3 years, RDVI returned 19.39%/yr vs 7.53%/yr for KNG. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

RDVI vs. KNG - Performance Comparison

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

Returns By Period

In the year-to-date period, RDVI achieves a 10.69% return, which is significantly higher than KNG's 3.13% return.

RDVI

• 1D: 1.15%
• 1M: 3.01%
• YTD: 10.69%
• 6M: 11.63%
• 1Y: 26.63%
• 3Y*: 19.39%
• 5Y*: —
• 10Y*: —

KNG

• 1D: 0.91%
• 1M: 0.83%
• YTD: 3.13%
• 6M: 3.55%
• 1Y: 8.66%
• 3Y*: 7.53%
• 5Y*: 4.50%
• 10Y*: —

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

RDVI vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	10.69%	17.93%	14.56%	18.63%	9.91%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	3.13%	6.63%	5.99%	7.48%	10.32%

Correlation

The correlation between RDVI and KNG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 21, 2022	0.76

The correlation between RDVI and KNG shifts across timeframes, from 0.65 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

RDVI vs. KNG - Sectors Allocation Comparison

Sectors	RDVI	KNG
Financial Services	36.5%	12.7%
Technology	17.6%	4.3%
Consumer Cyclical	12.2%	5.5%
Industrials	12.2%	20.3%
Healthcare	8.1%	10.1%
Communication Services	5.4%	-
Consumer Defensive	4.1%	23.5%
Energy	1.4%	3.0%
Utilities	1.4%	6.1%
Basic Materials	-	10.2%
Real Estate	-	4.4%

Return for Risk

RDVI vs. KNG — Risk / Return Rank

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

RDVI

RDVI Risk / Return Rank: 64
RDVI Sharpe Ratio Rank: 61
RDVI Sortino Ratio Rank: 63
RDVI Omega Ratio Rank: 60
RDVI Calmar Ratio Rank: 64
RDVI Martin Ratio Rank: 72

KNG

KNG Risk / Return Rank: 24
KNG Sharpe Ratio Rank: 25
KNG Sortino Ratio Rank: 25
KNG Omega Ratio Rank: 23
KNG Calmar Ratio Rank: 23
KNG Martin Ratio Rank: 22

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.

RDVI vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) 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.

	RDVI	KNG	Difference
Sharpe ratio: Return per unit of total volatility	2.01	0.85	+1.16
Sortino ratio: Return per unit of downside risk	2.90	1.32	+1.58
Omega ratio: Gain probability vs. loss probability	1.36	1.15	+0.21
Calmar ratio: Return relative to maximum drawdown	3.15	1.01	+2.14
Martin ratio: Return relative to average drawdown	13.31	2.61	+10.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDVI vs. KNG - Sharpe Ratio Comparison

The current RDVI Sharpe Ratio is 2.01, which is higher than the KNG Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of RDVI and KNG, 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

	RDVI	KNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	0.85	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.50	+0.71

Drawdowns

RDVI vs. KNG - Drawdown Comparison

The maximum RDVI drawdown since its inception was -18.35%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for RDVI and KNG.

Drawdown Indicators

	RDVI	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-35.12%	+16.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-8.61%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-14.24%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.20%	—
Current Drawdown Current decline from peak	0.00%	-5.03%	+5.03%
Average Drawdown Average peak-to-trough decline	-3.17%	-4.13%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	3.33%	-1.32%

Volatility

RDVI vs. KNG - Volatility Comparison

FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) has a higher volatility of 3.72% compared to FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 2.26%. This indicates that RDVI's price experiences larger fluctuations and is considered to be riskier than KNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDVI	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	2.26%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	7.44%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	10.22%	+3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	13.60%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	17.18%	-0.27%

RDVI vs. KNG - Expense Ratio Comparison

Both RDVI and KNG have an expense ratio of 0.75%.

Dividends

RDVI vs. KNG - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 7.85%, less than KNG's 8.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	8.59%	8.61%	9.08%	5.91%	4.00%	3.45%	3.62%	4.09%	3.46%
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.85%	8.10%	8.62%	8.45%	1.53%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDVI and KNG in my portfolio?

RDVI and KNG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDVI or KNG?

RDVI has higher volatility (3.72%) compared to KNG (2.26%). In terms of maximum drawdown, RDVI dropped -18.35% vs KNG's -35.12%.

Which ETF is better, RDVI or KNG?

On 3-year performance, RDVI leads with 19.39% vs 7.53% for KNG. Both ETFs have the same 0.75% expense ratio. On volatility, KNG has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVI or KNG?

Over the 3-year period, RDVI has performed better with a 19.39% return vs 7.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVI or KNG?

RDVI and KNG have the same expense ratio: 0.75% per year.

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

KNG has the higher dividend yield at 8.59%, compared with 7.85% for RDVI.

What is the main difference between RDVI and KNG?

RDVI is categorized as Derivative Income, while KNG is Dividend. RDVI tracks NASDAQ US Rising Dividend Achievers, while KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. They also come from different issuers: FT Vest and First Trust.

Which has better risk-adjusted returns?

RDVI currently has the higher Sharpe Ratio (2.01 vs 0.85), 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.