TCBIX vs. KNGLX

Last updated Jun 4, 2026

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 6.57%/yr vs 3.44%/yr for KNGLX. Their correlation of 0.84 suggests significant overlap in exposure. TCBIX charges 1.40%/yr vs 1.20%/yr for KNGLX.

Performance

TCBIX vs. KNGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Covered Bridge Fund (TCBIX) 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, TCBIX achieves a 11.04% return, which is significantly higher than KNGLX's 2.66% return.

TCBIX

• 1D: 0.10%
• 1M: 3.71%
• YTD: 11.04%
• 6M: 10.90%
• 1Y: 21.98%
• 3Y*: 11.50%
• 5Y*: 6.57%
• 10Y*: 7.94%

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)

TCBIX vs. KNGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TCBIX The Covered Bridge Fund	11.04%	12.61%	4.09%	4.09%	0.05%	18.21%	-1.71%	18.73%	-4.78%
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 TCBIX and KNGLX 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	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 3, 2018	0.84

The correlation between TCBIX and KNGLX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

Return for Risk

TCBIX vs. KNGLX — Risk / Return Rank

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

TCBIX

TCBIX Risk / Return Rank: 82
TCBIX Sharpe Ratio Rank: 82
TCBIX Sortino Ratio Rank: 85
TCBIX Omega Ratio Rank: 75
TCBIX Calmar Ratio Rank: 88
TCBIX Martin Ratio Rank: 81

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.

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.

	TCBIX	KNGLX	Difference
Sharpe ratio Return per unit of total volatility	2.67	0.74	+1.93
Sortino ratio Return per unit of downside risk	4.03	1.16	+2.87
Omega ratio Gain probability vs. loss probability	1.49	1.13	+0.36
Calmar ratio Return relative to maximum drawdown	4.39	0.89	+3.50
Martin ratio Return relative to average drawdown	15.12	2.40	+12.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCBIX vs. KNGLX - Sharpe Ratio Comparison

The current TCBIX Sharpe Ratio is 2.67, which is higher than the KNGLX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of TCBIX 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

	TCBIX	KNGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	0.74	+1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.25	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.41	+0.15

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.

Drawdown Indicators

	TCBIX	KNGLX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	-5.58%	+5.58%
Average Drawdown Average peak-to-trough decline	-3.48%	-4.62%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	3.27%	-1.75%

Volatility

TCBIX vs. KNGLX - Volatility Comparison

The current volatility for The Covered Bridge Fund (TCBIX) is 2.29%, while CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) has a volatility of 2.78%. 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.

Volatility by Period

	TCBIX	KNGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	2.78%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	5.86%	7.71%	-1.85%
Volatility (1Y) Calculated over the trailing 1-year period	8.64%	10.62%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.16%	14.02%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.55%	17.15%	-3.60%

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 7.97%, less than KNGLX's 12.76% 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	12.76%	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	7.97%	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

Can I hold both TCBIX and KNGLX in my portfolio?

TCBIX and KNGLX 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, TCBIX or KNGLX?

KNGLX has higher volatility (2.78%) compared to TCBIX (2.29%). In terms of maximum drawdown, TCBIX dropped -28.94% vs KNGLX's -31.48%.

Which has better risk-adjusted returns?

TCBIX currently has the higher Sharpe Ratio (2.67 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.