TCBIX vs. KNGLX
TCBIX (The Covered Bridge Fund) and KNGLX (CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund) are both Derivative Income funds. Over the past 5 years, TCBIX returned 6.94%/yr vs 4.69%/yr for KNGLX. Their correlation of 0.83 means they have usually moved in the same direction. TCBIX charges 1.40%/yr vs 1.20%/yr for KNGLX.
Performance
TCBIX vs. KNGLX - Performance Comparison
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Returns By Period
In the year-to-date period, TCBIX achieves a 10.92% return, which is significantly higher than KNGLX's 9.30% return.
TCBIX
- 1D
- -0.10%
- 1M
- 1.59%
- 6M
- 7.01%
- YTD
- 10.92%
- 1Y
- 19.02%
- 3Y*
- 9.71%
- 5Y*
- 6.94%
- 10Y*
- 7.57%
- ALL TIME*
- 7.25%
KNGLX
- 1D
- -0.17%
- 1M
- -1.12%
- 6M
- 3.75%
- YTD
- 9.30%
- 1Y
- 13.75%
- 3Y*
- 5.85%
- 5Y*
- 4.69%
- 10Y*
- —
- ALL TIME*
- 7.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TCBIX vs. KNGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TCBIX The Covered Bridge Fund | 10.92% | 12.61% | 4.09% | 4.09% | 0.05% | 18.21% | -1.71% | 18.73% | -3.93% |
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund | 9.30% | 6.43% | 2.91% | 6.46% | -7.29% | 23.23% | 7.08% | 26.58% | -4.64% |
Correlation
The correlation between TCBIX and KNGLX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2018 | 0.83 |
The correlation between TCBIX and KNGLX has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
TCBIX vs. KNGLX — Risk / Return Rank
TCBIX
KNGLX
TCBIX vs. KNGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Covered Bridge Fund (TCBIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TCBIX | KNGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.20 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 1.49 | +2.04 |
| Martin ratioReturn relative to average drawdown | 11.58 | 3.90 | +7.68 |
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Drawdowns
TCBIX vs. KNGLX - Drawdown Comparison
The maximum TCBIX drawdown since its inception was -28.94%, smaller than the maximum KNGLX drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for TCBIX and KNGLX.
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Drawdown Indicators
| TCBIX | KNGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -31.48% | +2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -8.90% | +3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -12.73% | -14.79% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -18.25% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -28.94% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -2.21% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -4.57% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.39% | -1.79% |
Volatility
TCBIX vs. KNGLX - Volatility Comparison
The current volatility for The Covered Bridge Fund (TCBIX) is 2.90%, while CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) has a volatility of 4.79%. This indicates that TCBIX 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.
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Volatility by Period
| TCBIX | KNGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 4.79% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 8.79% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 11.33% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.20% | 14.09% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 17.10% | -3.59% |
TCBIX vs. KNGLX - Expense Ratio Comparison
TCBIX has a 1.40% expense ratio, which is higher than KNGLX's 1.20% expense ratio.
Dividends
TCBIX vs. KNGLX - Dividend Comparison
TCBIX's dividend yield for the trailing twelve months is around 8.34%, less than KNGLX's 12.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund | 12.27% | 8.02% | 9.60% | 7.99% | 4.54% | 4.41% | 3.53% | 4.53% | 4.74% | 0.00% | 0.00% | 0.00% |
TCBIX The Covered Bridge Fund | 8.34% | 8.24% | 7.47% | 7.34% | 8.09% | 6.00% | 4.70% | 6.77% | 11.55% | 7.32% | 7.32% | 5.36% |
Frequently Asked Questions
TCBIX and KNGLX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNGLX has higher volatility (4.79%) compared to TCBIX (2.90%). In terms of maximum drawdown, TCBIX dropped -28.94% vs KNGLX's -31.48%.
TCBIX currently has the higher Sharpe Ratio (2.14 vs 1.17), 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.
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