ISSB vs KNG: Grades, Fees and Holdings Compared

IncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETF

ISSBFCboe

FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF

KNGACboe

Overlap

0.0%by weight

Expense ratio

KNG −0.40pt a year

ISSB1.14%KNG0.74%

Avg volume · 30D

KNG 232.2×the volume

ISSB1.34KKNG311K

ISSB vs KNG Performance

Jul 31, 2026 – Nov 2, 2026

+23.6%ISSB+5.4%KNG

Expense ratio: ISSB 1.14%; KNG 0.74%, better
Fund size: ISSB $2M; KNG $3.41B
1Y total return: ISSB No data; KNG +18.1%
Yield (12M): ISSB No data; KNG 8.04%
Holdings: ISSB 5; KNG 70
Avg volume (30D): ISSB 1.34K sh; KNG 311K sh, better
NAV per share: ISSB $19.38; KNG $51.65
52W range

ETF.net Grade

Pillar letters and Scores for ISSB, KNG, with each pillar’s weight
Pillar	ISSB	KNG
Cost30% weight	F6	B63Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	F19	B67Higher
Tradability15% weight	F3	A92Higher
Holdings10% weight	Not scored	A81
Durability5% weight	F13	A96Higher

Rank among Index Option Income funds

How we build Categories ›

Same Category. ISSB and KNG are both graded against the same 25 Index Option Income funds, so their Grades compare head to head.

Index Option Income⁠

Category · 25 funds

See all 25 ›

KNG ranks 3rd and ISSB 25th of 25 funds in the Index Option Income Category.

Rank 1ALQDWiShares Investment Grade Corporate Bond BuyWrite Strategy ETFScore 87
Rank 2AEFAAInvesco MSCI EAFE Income Advantage ETFScore 78
Rank 3AKNGFT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETFScore 73
Rank 4BIDUBAptus International Enhanced Yield ETFScore 68
Rank 24FDRMYXFUNDS MEMORY INCOME ETFScore 17
Rank 25FISSBIncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETFScore 8

Our read on each fund

ETF.net Research

ISSBFIncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETF

KNGAFT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF

In short

ISSB No data

KNG Dividend Aristocrats with an income motor bolted on. KNG equal-weights the S&P 500's 25-year dividend raisers, then sells calls on each stock, sized by rule to hit an income target above the index's yield. Monthly payer since 2018.

Stated mandate

ISSB No data

KNG The Fund seeks to track the price and yield of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series before fees and expenses.

Why people hold it

ISSB No data

KNG Base portfolio is the S&P 500 Dividend Aristocrats: roughly 140 companies that have raised dividends for at least 25 straight years, held equal-weighted instead of by market cap.cboe.com
The overlay is written stock by stock, not as one index-level call, and the call count floats by rule to chase an income target set against the S&P 500's dividend yield.sec.gov cboe.com
Calls cover only part of each position, so a slice of every holding stays uncapped. Income lands monthly.sec.gov
Running since 2018, well before the covered-call crowd showed up, and one of the stronger implementations in its peer group.

Worth knowing

ISSB No data

KNG Calls cap the upside on the covered portion of each stock, so in a fast rally those shares can lag the Aristocrats the fund holds outright.sec.gov
Coverage floats with option pricing, so how much of the portfolio is written against (and how much upside stays open) shifts over time.cboe.com sec.gov
Distributions can include return of capital, which trims your cost basis. At 0.74%, the fee sits about level with the 0.75% cohort median, and it prices like an options strategy.

Full ISSB profile⁠

Full KNG profile⁠

ISSB vs KNG Holdings

How ISSB and KNG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ISSB and 0.0% of KNG.

Level by level

Holdings0 in both0.0%
Countryby domicile92.9%

Sector

No Sector split for ISSB.

Country, concentration and asset class

Country by domicile

Country weights in ISSB and KNG, widest gap first
Country	More in ISSBMore in KNG	ISSB	KNG
United States	ISSB +6.9 points	99.5%	92.6%
United Kingdom	KNG +2.8 points	0.0%	2.8%
Switzerland	KNG +2.7 points	0.3%	3.0%
Ireland	KNG +1.6 points	0.0%	1.6%
Other countries (2)	ISSB +0.2 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

ISSB108.3%
KNG15.6%

Securities held

ISSB4
KNG69

Asset class

ISSB: Equity
KNG: Multi-Asset

Holdings

Only in ISSB4
In both0
Only in KNG69

Only in ISSB

4 securities, 73.3% of ISSB by weight

Spy 01/15/2027 670.01 C49.15%
Ibit Us 12/18/26 C4311.73%
First American Government Obligations Fund 12/01/203110.71%
Spy Us 11/06/26 P7501.67%

Only in KNG

69 securities, 100% of KNG by weight

Pentair plc1.78%
Roper Technologies, Inc.1.67%
PPG Industries, Inc.1.54%
Stanley Black & Decker, Inc.1.54%
General Dynamics Corporation1.54%
Erie Indemnity Company1.52%
NextEra Energy, Inc.1.52%
Lowe's Companies, Inc.1.51%
Johnson & Johnson1.51%
A.O. Smith Corporation1.50%
Abbott Laboratories1.50%
S&P Global Inc.1.50%
Ecolab Inc.1.49%
ExxonMobil Holdings Corp.1.49%
West Pharmaceutical Services, Inc.1.49%
Walmart Inc.1.49%
McDonald's Corporation1.49%
Amcor plc1.49%
Air Products and Chemicals, Inc.1.49%
Eversource Energy1.48%
Cincinnati Financial Corporation1.48%
Consolidated Edison, Inc.1.48%
Federal Realty Investment Trust1.48%
Hormel Foods Corporation1.48%
Dover Corporation1.48%
Chevron Corporation1.48%
The Clorox Company1.47%
Medtronic Plc1.47%
AbbVie Inc.1.47%
Nucor Corporation1.47%
Atmos Energy Corporation1.47%
Aflac Incorporated1.46%
FactSet Research Systems Inc.1.46%
The Procter & Gamble Company1.46%
Realty Income Corporation1.46%
Linde Plc1.46%
Chubb Limited1.46%
International Business Machines Corporation1.46%
Church & Dwight Co., Inc.1.45%
McCormick & Company, Incorporated1.45%
Colgate-Palmolive Company1.45%
PepsiCo, Inc.1.45%
Brown-Forman Corporation1.45%
Becton, Dickinson and Company1.45%
The J.M. Smucker Company1.44%
The Coca-Cola Company1.44%
Target Corporation1.44%
Kimberly-Clark Corporation1.44%
Emerson Electric Co.1.44%
Sysco Corporation1.44%

Weight gaps

ISSB and KNG share no securities.

All ISSB holdings⁠All 138 KNG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ISSB vs KNG Cost

Overpaying ISSB vs KNG

$6,613

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ISSB 1.14%
$20,920
KNG 0.74%
$14,307

Amount$10,000

Years30 years

Cost over time

ISSB 1.14%
KNG 0.74%
Overpaying

Year by year

Year	ISSB	KNG	Overpaying
10	$1,998	$1,319	$679
20	$7,462	$5,015	$2,447
30	$20,920	$14,307	$6,613

Expense ratio

1.14%ISSB
0.74%KNG, cheaper

KNG0.74%ISSB1.14%

0.34%1.34%

Middle half of Index Option Income funds
Median 0.81%

KNG 9th cheapest of 25 funds

ISSB 23rd cheapest of 25 funds

ISSB vs KNG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): ISSB No data; KNG 8.04%
Payout (12M): ISSB No data; KNG $4.22
Last payment: ISSB $0.07; KNG $0.35
Ex-dividend: ISSB Nov 2, 2026; KNG Oct 21, 2026
Paid on: ISSB Pays Nov 3, 2026; KNG Oct 30, 2026
Frequency: ISSB Weekly; KNG Monthly

Distribution history

Per share, 2026, same scale for both

ISSBWeekly · 40 paymentsAll ISSB payments⁠

KNGMonthly · 10 paymentsAll KNG payments⁠

ISSB vs KNG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ISSB No dataKNG 12.1%
Return per unit of riskSharpe ratio, 3 years: ISSB No dataKNG 0.64
Worst fallMax drawdown, 5 years: ISSB No dataKNG −18.2%
Market sensitivityBeta, 5 years: ISSB 1.71KNG 0.57; Market = 1

ISSB and KNG in the news

All news⁠

Category Review
Index option income was not one bet this year
Updated Oct 5, 2026KNG

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ISSB vs KNG

In short

Stated mandate

Why people hold it

Worth knowing

How ISSB and KNG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISSB

Only in KNG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Index option income was not one bet this year

How ISSB and KNG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISSB

Only in KNG

Weight gaps