KNG vs VAIE: Grades, Fees and Holdings Compared

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

KNGACboe

Vegashares US Equity Autocallable Income ETF

VAIEBNYSE Arca

Overlap

0.0%by weight

Expense ratio

KNG0.74%VAIE0.74%

Avg volume · 30D

KNG 6.2×the volume

KNG311KVAIE50.5K

KNG vs VAIE Performance

Jul 31, 2026 – Nov 2, 2026

+5.4%KNG−1.7%VAIE

Expense ratio: KNG 0.74%; VAIE 0.74%
Fund size: KNG $3.41B; VAIE $69M
1Y total return: KNG +18.1%; VAIE No data
Yield (12M): KNG 8.04%; VAIE No data
Holdings: KNG 70; VAIE 3
Avg volume (30D): KNG 311K sh, better; VAIE 50.5K sh
NAV per share: KNG $51.65; VAIE $23.26
52W range

ETF.net Grade

Pillar letters and Scores for KNG, VAIE, with each pillar’s weight
Pillar	KNG	VAIE
Cost30% weight	B63	B63
Mission25% weight	Not scored	Not scored
Risk15% weight	B67Higher	B60
Tradability15% weight	A92Higher	C45
Holdings10% weight	A81	Not scored
Durability5% weight	A96Higher	D34

Rank among Index Option Income funds

How we build Categories ›

Same Category. KNG and VAIE 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 VAIE 13th 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 12BOVMOverlay Shares Municipal Bond ETFScore 57
Rank 13BVAIEVegashares US Equity Autocallable Income ETFScore 55
Rank 14COVFOverlay Shares Foreign Equity ETFScore 47

Our read on each fund

ETF.net Research

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

VAIEBVegashares US Equity Autocallable Income ETF

In short

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.

VAIE No data

Stated mandate

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.

VAIE No data

Why people hold it

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.

VAIE No data

Worth knowing

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.

VAIE No data

Full KNG profile⁠

Full VAIE profile⁠

KNG vs VAIE Holdings

How KNG and VAIE differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Countryby domicile92.6%

Sector

No Sector split for VAIE.

Country, concentration and asset class

Country by domicile

Country weights in KNG and VAIE, widest gap first
Country	More in KNGMore in VAIE	KNG	VAIE
United States	VAIE +7.4 points	92.6%	100.0%
Switzerland	KNG +3.0 points	3.0%	0.0%
United Kingdom	KNG +2.8 points	2.8%	0.0%
Ireland	KNG +1.6 points	1.6%	0.0%

Concentration

Weight in the 10 largest Holdings

KNG15.6%
VAIE204.4%

Securities held

KNG69
VAIE2

Asset class

KNG: Multi-Asset
VAIE: Alternatives

Holdings

Only in KNG69
In both0
Only in VAIE2

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%

Only in VAIE

2 securities, 100% of VAIE by weight

United States Treasury Bill 11/19/2026103.77%
First American Government Obligations Fund 12/01/20310.30%

Weight gaps

KNG and VAIE share no securities.

All 138 KNG holdings⁠All VAIE 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.

KNG vs VAIE Cost

Same expense ratio

$14,307

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

KNG 0.74%
$14,307
VAIE 0.74%
$14,307

Amount$10,000

Years30 years

Cost over time

KNG 0.74%
VAIE 0.74%

Year by year

Year	KNG	VAIE
10	$1,319	$1,319
20	$5,015	$5,015
30	$14,307	$14,307

Expense ratio

0.74%KNG
0.74%VAIE

KNG0.74%VAIE0.74%

0.34%1.34%

Middle half of Index Option Income funds
Median 0.81%

KNG 9th cheapest of 25 funds

VAIE 9th cheapest of 25 funds

KNG vs VAIE Dividends

Last 12 months to Nov 2, 2026

Yield (12M): KNG 8.04%; VAIE No data
Payout (12M): KNG $4.22; VAIE No data
Last payment: KNG $0.35; VAIE $0.08
Ex-dividend: KNG Oct 21, 2026; VAIE Oct 29, 2026
Paid on: KNG Oct 30, 2026; VAIE Oct 30, 2026
Frequency: KNG Monthly; VAIE Weekly

Distribution history

Per share, 2026, same scale for both

KNGMonthly · 10 paymentsAll KNG payments⁠

VAIEWeekly · 24 paymentsAll VAIE payments⁠

KNG vs VAIE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: KNG 12.1%VAIE No data
Return per unit of riskSharpe ratio, 3 years: KNG 0.64VAIE No data
Worst fallMax drawdown, 5 years: KNG −18.2%VAIE No data
Market sensitivityBeta, 5 years: KNG 0.57VAIE 0.86; Market = 1

KNG and VAIE in the news

All news⁠

New ETFs
VegaShares' new autocallable ETF trades coupon for a deeper barrier
Oct 5, 2026VAIE
Category Review
Index option income was not one bet this year
Updated Oct 5, 2026KNG

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KNG vs VAIE

In short

Stated mandate

Why people hold it

Worth knowing

How KNG and VAIE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in KNG

Only in VAIE

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

VegaShares' new autocallable ETF trades coupon for a deeper barrier

Index option income was not one bet this year

How KNG and VAIE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in KNG

Only in VAIE

Weight gaps