Correlation
The correlation between SHRY and KNGZ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SHRY vs. KNGZ
Compare and contrast key facts about First Trust Bloomberg Shareholder Yield ETF (SHRY) and First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ).
SHRY and KNGZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHRY is a passively managed fund by First Trust that tracks the performance of the Bloomberg Shareholder Yield Index - Benchmark TR Gross. It was launched on Jun 20, 2017. KNGZ is a passively managed fund by First Trust that tracks the performance of the S&P 500 Sector-Neutral Dividend Aristocrats Index. It was launched on Jun 20, 2017. Both SHRY and KNGZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHRY or KNGZ.
Performance
SHRY vs. KNGZ - Performance Comparison
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Key characteristics
SHRY:
0.65
KNGZ:
0.27
SHRY:
0.97
KNGZ:
0.54
SHRY:
1.14
KNGZ:
1.07
SHRY:
0.63
KNGZ:
0.27
SHRY:
2.32
KNGZ:
0.90
SHRY:
4.19%
KNGZ:
5.88%
SHRY:
15.90%
KNGZ:
18.29%
SHRY:
-36.67%
KNGZ:
-37.44%
SHRY:
-2.84%
KNGZ:
-7.61%
Returns By Period
In the year-to-date period, SHRY achieves a 4.27% return, which is significantly higher than KNGZ's 0.14% return.
SHRY
4.27%
4.69%
-2.84%
10.02%
11.08%
14.81%
N/A
KNGZ
0.14%
4.73%
-7.23%
3.89%
5.22%
12.64%
N/A
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SHRY vs. KNGZ - Expense Ratio Comparison
SHRY has a 0.60% expense ratio, which is higher than KNGZ's 0.50% expense ratio.
Risk-Adjusted Performance
SHRY vs. KNGZ — Risk-Adjusted Performance Rank
SHRY
KNGZ
SHRY vs. KNGZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Shareholder Yield ETF (SHRY) 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.
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Dividends
SHRY vs. KNGZ - Dividend Comparison
SHRY's dividend yield for the trailing twelve months is around 1.74%, less than KNGZ's 2.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SHRY First Trust Bloomberg Shareholder Yield ETF | 1.74% | 1.76% | 1.49% | 1.52% | 0.98% | 1.65% | 1.54% | 1.89% | 0.55% |
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF | 2.64% | 2.55% | 3.11% | 2.52% | 1.95% | 2.44% | 2.85% | 4.10% | 1.11% |
Drawdowns
SHRY vs. KNGZ - Drawdown Comparison
The maximum SHRY drawdown since its inception was -36.67%, roughly equal to the maximum KNGZ drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for SHRY and KNGZ.
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Volatility
SHRY vs. KNGZ - Volatility Comparison
The current volatility for First Trust Bloomberg Shareholder Yield ETF (SHRY) is 4.76%, while First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) has a volatility of 5.73%. This indicates that SHRY experiences smaller price fluctuations and is considered to be less risky than KNGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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