RDVY vs. KNGZ

Last updated Jun 5, 2026

RDVY (First Trust Rising Dividend Achievers ETF) and KNGZ (First Trust S&P 500 Diversified Dividend Aristocrats ETF) are both exchange-traded funds - RDVY is a Large Cap Blend Equities fund tracking the NASDAQ US Rising Dividend Achievers, while KNGZ is a S&P 500 fund tracking the S&P 500 Sector-Neutral Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, RDVY returned 11.26%/yr vs 9.34%/yr for KNGZ. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

RDVY vs. KNGZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Rising Dividend Achievers ETF (RDVY) and First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDVY achieves a 11.06% return, which is significantly lower than KNGZ's 17.00% return.

RDVY

• 1D: 1.13%
• 1M: 3.30%
• YTD: 11.06%
• 6M: 11.87%
• 1Y: 28.04%
• 3Y*: 21.09%
• 5Y*: 11.26%
• 10Y*: 15.65%

KNGZ

• 1D: 0.27%
• 1M: 7.21%
• YTD: 17.00%
• 6M: 16.85%
• 1Y: 32.10%
• 3Y*: 18.11%
• 5Y*: 9.34%
• 10Y*: —

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

RDVY vs. KNGZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDVY First Trust Rising Dividend Achievers ETF	11.06%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	37.71%	-9.92%	12.30%
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF	17.00%	14.27%	11.05%	9.77%	-7.55%	28.99%	5.51%	27.34%	-7.11%	9.90%

Correlation

The correlation between RDVY and KNGZ is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 23, 2017	0.74

The correlation between RDVY and KNGZ shifts across timeframes, from 0.74 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.

RDVY vs. KNGZ - Sectors Allocation Comparison

Sectors	RDVY	KNGZ
Financial Services	36.5%	14.9%
Technology	17.6%	14.9%
Consumer Cyclical	12.2%	11.9%
Industrials	12.2%	14.9%
Healthcare	8.1%	11.9%
Communication Services	5.4%	5.0%
Consumer Defensive	4.1%	6.9%
Energy	1.4%	4.0%
Utilities	1.4%	5.9%
Basic Materials	-	3.0%
Real Estate	-	5.9%

Return for Risk

RDVY vs. KNGZ — Risk / Return Rank

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

RDVY

RDVY Risk / Return Rank: 63
RDVY Sharpe Ratio Rank: 60
RDVY Sortino Ratio Rank: 62
RDVY Omega Ratio Rank: 59
RDVY Calmar Ratio Rank: 63
RDVY Martin Ratio Rank: 71

KNGZ

KNGZ Risk / Return Rank: 71
KNGZ Sharpe Ratio Rank: 74
KNGZ Sortino Ratio Rank: 77
KNGZ Omega Ratio Rank: 71
KNGZ Calmar Ratio Rank: 70
KNGZ Martin Ratio Rank: 64

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.

RDVY vs. KNGZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Rising Dividend Achievers ETF (RDVY) and First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ). 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.

	RDVY	KNGZ	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.38	-0.37
Sortino ratio: Return per unit of downside risk	2.87	3.37	-0.51
Omega ratio: Gain probability vs. loss probability	1.35	1.42	-0.06
Calmar ratio: Return relative to maximum drawdown	3.12	3.43	-0.31
Martin ratio: Return relative to average drawdown	13.11	11.53	+1.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDVY vs. KNGZ - Sharpe Ratio Comparison

The current RDVY Sharpe Ratio is 2.01, which is comparable to the KNGZ Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of RDVY and KNGZ, 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

	RDVY	KNGZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.38	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.58	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.62	+0.05

Drawdowns

RDVY vs. KNGZ - Drawdown Comparison

The maximum RDVY drawdown since its inception was -40.60%, which is greater than KNGZ's maximum drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for RDVY and KNGZ.

Drawdown Indicators

	RDVY	KNGZ	Difference
Max Drawdown Largest peak-to-trough decline	-40.60%	-37.44%	-3.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-9.41%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-19.11%	-19.70%	+0.59%
Max Drawdown (5Y) Largest decline over 5 years	-25.32%	-19.71%	-5.61%
Max Drawdown (10Y) Largest decline over 10 years	-40.60%	—	—
Current Drawdown Current decline from peak	0.00%	-0.74%	+0.74%
Average Drawdown Average peak-to-trough decline	-5.00%	-4.87%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.79%	-0.65%

Volatility

RDVY vs. KNGZ - Volatility Comparison

First Trust Rising Dividend Achievers ETF (RDVY) has a higher volatility of 4.01% compared to First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) at 3.76%. This indicates that RDVY's price experiences larger fluctuations and is considered to be riskier than KNGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDVY	KNGZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	3.76%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	9.90%	+1.09%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	13.55%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.92%	16.12%	+2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.11%	18.87%	+2.24%

RDVY vs. KNGZ - Expense Ratio Comparison

Both RDVY and KNGZ have an expense ratio of 0.50%.

Dividends

RDVY vs. KNGZ - Dividend Comparison

RDVY's dividend yield for the trailing twelve months is around 0.91%, less than KNGZ's 2.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF	2.32%	2.70%	2.55%	3.10%	2.52%	1.95%	2.44%	2.85%	4.09%	1.10%	0.00%	0.00%
RDVY First Trust Rising Dividend Achievers ETF	0.91%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%

Frequently Asked Questions

Can I hold both RDVY and KNGZ in my portfolio?

RDVY and KNGZ have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDVY or KNGZ?

RDVY has higher volatility (4.01%) compared to KNGZ (3.76%). In terms of maximum drawdown, RDVY dropped -40.60% vs KNGZ's -37.44%.

Which ETF is better, RDVY or KNGZ?

On 5-year performance, RDVY leads with 11.26% vs 9.34% for KNGZ. Both ETFs have the same 0.50% expense ratio. On volatility, KNGZ has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVY or KNGZ?

Over the 5-year period, RDVY has performed better with a 11.26% return vs 9.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVY or KNGZ?

RDVY and KNGZ have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, RDVY or KNGZ?

KNGZ has the higher dividend yield at 2.32%, compared with 0.91% for RDVY.

What is the main difference between RDVY and KNGZ?

RDVY is categorized as Large Cap Blend Equities, while KNGZ is S&P 500. RDVY tracks NASDAQ US Rising Dividend Achievers, while KNGZ tracks S&P 500 Sector-Neutral Dividend Aristocrats Index.

Which has better risk-adjusted returns?

KNGZ currently has the higher Sharpe Ratio (2.38 vs 2.01), 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.