SCJIX vs. KNGLX

Last updated Jun 4, 2026

SCJIX (Crossmark Steward Covered Call Income Fund) and KNGLX (CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund) are both Derivative Income funds. Over the past 5 years, SCJIX returned 9.71%/yr vs 3.44%/yr for KNGLX. A 0.75 correlation means they provide meaningful diversification when combined. SCJIX charges 1.00%/yr vs 1.20%/yr for KNGLX.

Performance

SCJIX vs. KNGLX - Performance Comparison

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

Returns By Period

In the year-to-date period, SCJIX achieves a 3.96% return, which is significantly higher than KNGLX's 2.66% return.

SCJIX

• 1D: -0.12%
• 1M: 2.84%
• YTD: 3.96%
• 6M: 4.82%
• 1Y: 16.51%
• 3Y*: 14.57%
• 5Y*: 9.71%
• 10Y*: —

KNGLX

• 1D: 0.27%
• 1M: 1.09%
• YTD: 2.66%
• 6M: 2.73%
• 1Y: 7.63%
• 3Y*: 5.89%
• 5Y*: 3.44%
• 10Y*: —

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

SCJIX vs. KNGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SCJIX Crossmark Steward Covered Call Income Fund	3.96%	13.28%	16.96%	19.43%	-12.28%	21.59%	6.97%	20.76%	-4.32%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	2.66%	6.43%	2.91%	6.46%	-7.29%	23.23%	7.08%	26.58%	-4.64%

Correlation

The correlation between SCJIX and KNGLX is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 3, 2018	0.75

Over the past year, the correlation between SCJIX and KNGLX has dropped to 0.52 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

SCJIX vs. KNGLX — Risk / Return Rank

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

SCJIX

SCJIX Risk / Return Rank: 43
SCJIX Sharpe Ratio Rank: 48
SCJIX Sortino Ratio Rank: 47
SCJIX Omega Ratio Rank: 53
SCJIX Calmar Ratio Rank: 28
SCJIX Martin Ratio Rank: 40

KNGLX

KNGLX Risk / Return Rank: 9
KNGLX Sharpe Ratio Rank: 9
KNGLX Sortino Ratio Rank: 9
KNGLX Omega Ratio Rank: 8
KNGLX Calmar Ratio Rank: 9
KNGLX Martin Ratio Rank: 8

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.

SCJIX vs. KNGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Crossmark Steward Covered Call Income Fund (SCJIX) 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.

	SCJIX	KNGLX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	0.74	+1.28
Sortino ratio: Return per unit of downside risk	2.88	1.16	+1.73
Omega ratio: Gain probability vs. loss probability	1.40	1.13	+0.27
Calmar ratio: Return relative to maximum drawdown	1.98	0.89	+1.09
Martin ratio: Return relative to average drawdown	8.63	2.40	+6.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCJIX vs. KNGLX - Sharpe Ratio Comparison

The current SCJIX Sharpe Ratio is 2.02, which is higher than the KNGLX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of SCJIX and KNGLX, 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

	SCJIX	KNGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	0.74	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.25	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.41	+0.24

Drawdowns

SCJIX vs. KNGLX - Drawdown Comparison

The maximum SCJIX drawdown since its inception was -29.38%, smaller than the maximum KNGLX drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for SCJIX and KNGLX.

Drawdown Indicators

	SCJIX	KNGLX	Difference
Max Drawdown Largest peak-to-trough decline	-29.38%	-31.48%	+2.10%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-8.90%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	-14.79%	-0.77%
Max Drawdown (5Y) Largest decline over 5 years	-18.12%	-18.25%	+0.13%
Current Drawdown Current decline from peak	-0.24%	-5.58%	+5.34%
Average Drawdown Average peak-to-trough decline	-3.62%	-4.62%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	3.27%	-1.32%

Volatility

SCJIX vs. KNGLX - Volatility Comparison

The current volatility for Crossmark Steward Covered Call Income Fund (SCJIX) is 1.48%, while CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) has a volatility of 2.78%. This indicates that SCJIX experiences smaller price fluctuations and is considered to be less risky than KNGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCJIX	KNGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	2.78%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	6.79%	7.71%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	8.34%	10.62%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.50%	14.02%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	17.15%	-2.26%

SCJIX vs. KNGLX - Expense Ratio Comparison

SCJIX has a 1.00% expense ratio, which is lower than KNGLX's 1.20% expense ratio.

Dividends

SCJIX vs. KNGLX - Dividend Comparison

SCJIX's dividend yield for the trailing twelve months is around 9.13%, less than KNGLX's 12.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	12.76%	8.02%	9.60%	7.99%	4.54%	4.41%	3.53%	4.53%	4.74%
SCJIX Crossmark Steward Covered Call Income Fund	9.13%	9.18%	12.61%	8.45%	9.53%	25.39%	15.45%	7.00%	10.68%

Frequently Asked Questions

Can I hold both SCJIX and KNGLX in my portfolio?

SCJIX and KNGLX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCJIX or KNGLX?

KNGLX has higher volatility (2.78%) compared to SCJIX (1.48%). In terms of maximum drawdown, SCJIX dropped -29.38% vs KNGLX's -31.48%.

Which has better risk-adjusted returns?

SCJIX currently has the higher Sharpe Ratio (2.02 vs 0.74), 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.