XFEB vs. KNG
XFEB (FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - XFEB is a Defined Outcome fund actively managed by First Trust, while KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. XFEB is actively managed, while KNG is passively managed. Over the past year, XFEB returned 11.76% vs 9.82% for KNG. At a 0.50 correlation, their price movements are largely independent. XFEB charges 0.85%/yr vs 0.75%/yr for KNG.
Performance
XFEB vs. KNG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XFEB having a 3.94% return and KNG slightly lower at 3.81%.
XFEB
- 1D
- -0.61%
- 1M
- 0.39%
- YTD
- 3.94%
- 6M
- 4.63%
- 1Y
- 11.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KNG
- 1D
- 0.65%
- 1M
- 1.16%
- YTD
- 3.81%
- 6M
- 4.06%
- 1Y
- 9.82%
- 3Y*
- 7.72%
- 5Y*
- 4.64%
- 10Y*
- —
XFEB vs. KNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XFEB FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 3.94% | 9.12% | 9.39% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 3.81% | 6.63% | 5.93% |
Correlation
The correlation between XFEB and KNG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.50 |
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Return for Risk
XFEB vs. KNG — Risk / Return Rank
XFEB
KNG
XFEB vs. KNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB) 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.
| XFEB | KNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.17 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 1.15 | +1.72 |
| Martin ratioReturn relative to average drawdown | 16.74 | 2.95 | +13.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XFEB | KNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 0.96 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.50 | +0.89 |
Drawdowns
XFEB vs. KNG - Drawdown Comparison
The maximum XFEB drawdown since its inception was -9.07%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for XFEB and KNG.
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Drawdown Indicators
| XFEB | KNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.07% | -35.12% | +26.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -8.61% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.20% | — |
Current DrawdownCurrent decline from peak | -0.61% | -4.41% | +3.80% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -4.13% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 3.34% | -2.64% |
Volatility
XFEB vs. KNG - Volatility Comparison
The current volatility for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB) is 0.87%, while FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a volatility of 2.33%. This indicates that XFEB experiences smaller price fluctuations and is considered to be less risky than KNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFEB | KNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 2.33% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 7.45% | -3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 10.24% | -5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 13.60% | -6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 17.18% | -10.08% |
XFEB vs. KNG - Expense Ratio Comparison
XFEB has a 0.85% expense ratio, which is higher than KNG's 0.75% expense ratio.
Dividends
XFEB vs. KNG - Dividend Comparison
XFEB has not paid dividends to shareholders, while KNG's dividend yield for the trailing twelve months is around 8.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.54% | 8.61% | 9.08% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% |
XFEB FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XFEB and KNG have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNG has higher volatility (2.33%) compared to XFEB (0.87%). In terms of maximum drawdown, XFEB dropped -9.07% vs KNG's -35.12%.
On 1-year performance, XFEB leads with 11.76% vs 9.82% for KNG. On fees, KNG is cheaper at 0.75% per year. On volatility, XFEB has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XFEB has performed better with a 11.76% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KNG is cheaper with a 0.75% expense ratio, compared with 0.85% for XFEB.
KNG has the higher dividend yield at 8.54%, compared with 0.00% for XFEB.
XFEB is categorized as Defined Outcome, while KNG is Dividend. Their fees differ too: 0.85% for XFEB and 0.75% for KNG.
XFEB currently has the higher Sharpe Ratio (2.63 vs 0.96), 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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