SHRY vs. KNG

Last updated Jun 4, 2026

SHRY (First Trust Bloomberg Shareholder Yield ETF) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - SHRY is a Large Cap Blend Equities fund tracking the Bloomberg Shareholder Yield Index - Benchmark TR Gross, 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 5 years, SHRY returned 7.87%/yr vs 4.31%/yr for KNG. Their correlation of 0.83 suggests significant overlap in exposure. SHRY charges 0.60%/yr vs 0.75%/yr for KNG.

Performance

SHRY vs. KNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Shareholder Yield ETF (SHRY) 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, SHRY achieves a 4.24% return, which is significantly higher than KNG's 2.20% return.

SHRY

• 1D: -0.83%
• 1M: -1.07%
• YTD: 4.24%
• 6M: 5.20%
• 1Y: 6.62%
• 3Y*: 13.90%
• 5Y*: 7.87%
• 10Y*: —

KNG

• 1D: -0.04%
• 1M: 0.89%
• YTD: 2.20%
• 6M: 2.33%
• 1Y: 7.44%
• 3Y*: 7.06%
• 5Y*: 4.31%
• 10Y*: —

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

SHRY vs. KNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SHRY First Trust Bloomberg Shareholder Yield ETF	4.24%	7.29%	17.27%	17.47%	-14.21%	30.50%	11.86%	30.69%	-8.34%
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	2.20%	6.63%	5.99%	7.48%	-7.03%	24.78%	7.21%	26.64%	-0.84%

Correlation

The correlation between SHRY and KNG is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.83

The correlation between SHRY and KNG has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

SHRY vs. KNG - Sectors Allocation Comparison

Sectors	SHRY	KNG
Financial Services	23.2%	12.7%
Technology	18.2%	4.3%
Communication Services	12.9%	-
Energy	10.7%	3.0%
Consumer Defensive	10.2%	23.5%
Healthcare	8.5%	10.1%
Industrials	8.1%	20.3%
Consumer Cyclical	7.5%	5.5%
Basic Materials	0.7%	10.2%
Real Estate	-	4.4%
Utilities	-	6.1%

Return for Risk

SHRY vs. KNG — Risk / Return Rank

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

SHRY

SHRY Risk / Return Rank: 20
SHRY Sharpe Ratio Rank: 19
SHRY Sortino Ratio Rank: 18
SHRY Omega Ratio Rank: 18
SHRY Calmar Ratio Rank: 21
SHRY Martin Ratio Rank: 22

KNG

KNG Risk / Return Rank: 20
KNG Sharpe Ratio Rank: 21
KNG Sortino Ratio Rank: 21
KNG Omega Ratio Rank: 19
KNG Calmar Ratio Rank: 20
KNG Martin Ratio Rank: 19

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.

SHRY vs. KNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Shareholder Yield ETF (SHRY) 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.

	SHRY	KNG	Difference
Sharpe ratio: Return per unit of total volatility	0.62	0.73	-0.12
Sortino ratio: Return per unit of downside risk	0.95	1.15	-0.20
Omega ratio: Gain probability vs. loss probability	1.11	1.13	-0.02
Calmar ratio: Return relative to maximum drawdown	0.92	0.87	+0.06
Martin ratio: Return relative to average drawdown	2.54	2.25	+0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHRY vs. KNG - Sharpe Ratio Comparison

The current SHRY Sharpe Ratio is 0.62, which is comparable to the KNG Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of SHRY 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

	SHRY	KNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	0.73	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.32	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.49	+0.11

Drawdowns

SHRY vs. KNG - Drawdown Comparison

The maximum SHRY drawdown since its inception was -36.67%, roughly equal to the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for SHRY and KNG.

Drawdown Indicators

	SHRY	KNG	Difference
Max Drawdown Largest peak-to-trough decline	-36.67%	-35.12%	-1.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-8.61%	+1.41%
Max Drawdown (3Y) Largest decline over 3 years	-15.34%	-14.24%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-23.94%	-18.20%	-5.74%
Current Drawdown Current decline from peak	-3.73%	-5.89%	+2.16%
Average Drawdown Average peak-to-trough decline	-5.03%	-4.13%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	3.32%	-0.70%

Volatility

SHRY vs. KNG - Volatility Comparison

First Trust Bloomberg Shareholder Yield ETF (SHRY) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) have volatilities of 2.31% and 2.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHRY	KNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.31%	2.29%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	7.51%	7.39%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	10.19%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	13.59%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	17.18%	+1.00%

SHRY vs. KNG - Expense Ratio Comparison

SHRY has a 0.60% expense ratio, which is lower than KNG's 0.75% expense ratio.

Dividends

SHRY vs. KNG - Dividend Comparison

SHRY's dividend yield for the trailing twelve months is around 1.69%, less than KNG's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF	8.67%	8.61%	9.08%	5.91%	4.00%	3.45%	3.62%	4.09%	3.46%	0.00%
SHRY First Trust Bloomberg Shareholder Yield ETF	1.69%	1.73%	1.76%	1.49%	1.52%	0.98%	1.65%	1.54%	1.89%	0.55%

Frequently Asked Questions

Can I hold both SHRY and KNG in my portfolio?

SHRY and KNG have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHRY or KNG?

SHRY has higher volatility (2.31%) compared to KNG (2.29%). In terms of maximum drawdown, SHRY dropped -36.67% vs KNG's -35.12%.

Which ETF is better, SHRY or KNG?

On 5-year performance, SHRY leads with 7.87% vs 4.31% for KNG. On fees, SHRY is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHRY or KNG?

Over the 5-year period, SHRY has performed better with a 7.87% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHRY or KNG?

SHRY is cheaper with a 0.60% expense ratio, compared with 0.75% for KNG.

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

KNG has the higher dividend yield at 8.67%, compared with 1.69% for SHRY.

What is the main difference between SHRY and KNG?

SHRY is categorized as Large Cap Blend Equities, while KNG is Dividend. SHRY tracks Bloomberg Shareholder Yield Index - Benchmark TR Gross, while KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Their fees differ too: 0.60% for SHRY and 0.75% for KNG.

Which has better risk-adjusted returns?

KNG currently has the higher Sharpe Ratio (0.73 vs 0.62), 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.