KNG vs YMAG: Grades, Fees and Holdings Compared

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

KNGACboe

YieldMax Magnificent 7 Fund of Option Income ETF

YMAGDNYSE Arca

Overlap

0.0%by weight

Expense ratio

KNG −0.60pt a year

KNG0.74%YMAG1.34%

Avg volume · 30D

YMAG 3.3×the volume

KNG311KYMAG1.04M

KNG vs YMAG Performance

Oct 31, 2025 – Nov 2, 2026

+18.1%KNG+1.5%YMAG

Expense ratio: KNG 0.74%, better; YMAG 1.34%
Fund size: KNG $3.41B; YMAG $271M
1Y total return: KNG +18.1%, better; YMAG +1.5%
Yield (12M): KNG 8.04%; YMAG 47.99%, better
Holdings: KNG 70; YMAG 8
Avg volume (30D): KNG 311K sh; YMAG 1.04M sh, better
NAV per share: KNG $51.65; YMAG $10.53
52W range

ETF.net Grade

Pillar letters and Scores for KNG, YMAG, with each pillar’s weight
Pillar	KNG	YMAG
Cost30% weight	B63Higher	F0
Mission25% weight	Not scored	Not scored
Risk15% weight	B67Higher	D31
Tradability15% weight	A92Higher	B63
Holdings10% weight	A81Higher	C52
Durability5% weight	A96Higher	A71

Rank among Index Option Income funds

How we build Categories ›

Same Category. KNG and YMAG 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 YMAG 22nd 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 21DGIAXNicholas Global Equity and Income ETFScore 31
Rank 22DYMAGYieldMax Magnificent 7 Fund of Option Income ETFScore 30
Rank 23DSEMYGraniteShares YieldBOOST Semiconductor ETFScore 28

Our read on each fund

ETF.net Research

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

YMAGDYieldMax Magnificent 7 Fund of Option 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.

YMAG Seven YieldMax single-stock income funds, Apple to Tesla, in one weekly-paying ticker. You collect option premium on the Magnificent 7 instead of owning the shares: partial upside, full downside, and a fee well above its peer group.

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.

YMAG YMAG seeks current income as an actively managed fund of funds, primarily investing in other ETFs rather than individual-company securities.

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.

YMAG One trade instead of seven: near-equal slices of YieldMax's Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla option income funds in a single wrapper.sec.gov
Income lands weekly rather than quarterly, and shares change hands actively, so getting in and out is rarely the hard part.
The mandate is spelled out in plain terms: a fund of funds chasing current income off mega-cap tech, with no pretense of tracking an index.yieldmaxetfs.com

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.

YMAG The 1.34% fee sits well above the roughly 0.75% typical of its options-income peer group, and it stacks on the underlying funds' own costs.
By design you get only part of a Mag 7 rally (the underlying funds sell calls against it) while a selloff comes through in full.yieldmaxetfs.com sec.gov
Payouts routinely include return of capital: some of the cash is your own money coming back, which trims your cost basis.yieldmaxetfs.com

Full KNG profile⁠

Full YMAG profile⁠

KNG vs YMAG Holdings

How KNG and YMAG differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector10 Sectors13.4%
Countryby domicile92.6%

Sector

Sector weights in KNG and YMAG, widest gap first
Sector	More in KNGMore in YMAG	KNG	YMAG
Financials	YMAG +86.6 points	13.4%	100.0%
Consumer Staples	KNG +22.9 points	22.9%	0.0%
Industrials	KNG +19.6 points	19.6%	0.0%
Health Care	KNG +11.0 points	11.0%	0.0%
Materials	KNG +9.8 points	9.8%	0.0%
Consumer Discretionary	KNG +5.6 points	5.6%	0.0%
Utilities	KNG +5.3 points	5.3%	0.0%
Technology	KNG +5.3 points	5.3%	0.0%
Real Estate	KNG +3.8 points	3.8%	0.0%
Energy	KNG +3.4 points	3.4%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in KNG and YMAG, widest gap first
Country	More in KNGMore in YMAG	KNG	YMAG
United States	YMAG +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%
YMAG100.0%

Securities held

KNG69
YMAG8

Asset class

KNG: Multi-Asset
YMAG: Alternatives

Holdings

Only in KNG69
In both0
Only in YMAG8

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 YMAG

8 securities, 100% of YMAG by weight

YieldMax Tsla Option Income ETF15.74%
YieldMax AAPL Option Income Strategy ETF15.01%
YieldMax MSFT Option Income Strategy ETF14.59%
YieldMax NVDA Option Income Strategy ETF14.25%
YieldMax Amzn Option Income ETF13.95%
YieldMax Meta Option Income Strategy ETF13.26%
YieldMax GOOGL Option Income Strategy ETF12.25%
First American Government Obligations Fund 12/01/20310.97%

Weight gaps

KNG and YMAG share no securities.

All 138 KNG holdings⁠All 9 YMAG 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 YMAG Cost

Overpaying YMAG vs KNG

$9,658

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

KNG 0.74%
$14,307
YMAG 1.34%
$23,965

Amount$10,000

Years30 years

Cost over time

KNG 0.74%
YMAG 1.34%
Overpaying

Year by year

Year	KNG	YMAG	Overpaying
10	$1,319	$2,329	$1,010
20	$5,015	$8,621	$3,606
30	$14,307	$23,965	$9,658

Expense ratio

0.74%KNG, cheaper
1.34%YMAG

KNG0.74%YMAG1.34%

0.34%1.34%

Middle half of Index Option Income funds
Median 0.81%

KNG 9th cheapest of 25 funds

YMAG 25th cheapest of 25 funds

KNG vs YMAG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): KNG 8.04%; YMAG 47.99%, better
Payout (12M): KNG $4.22; YMAG $5.03
Last payment: KNG $0.35; YMAG $0.07
Ex-dividend: KNG Oct 21, 2026; YMAG Oct 28, 2026
Paid on: KNG Oct 30, 2026; YMAG Oct 29, 2026
Frequency: KNG Monthly; YMAG Weekly

Distribution history

Per share, 2026, same scale for both

KNGMonthly · 10 paymentsAll KNG payments⁠

YMAGWeekly · 43 paymentsAll YMAG payments⁠

KNG vs YMAG 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%YMAG 17.5%since Feb 2024
Return per unit of riskSharpe ratio, 3 years: KNG 0.64YMAG 0.93since Feb 2024
Worst fallMax drawdown, 5 years: KNG −18.2%YMAG −25.9%since Jan 2024
Market sensitivityBeta, 5 years: KNG 0.57YMAG 1.08; Market = 1

KNG and YMAG in the news

All news⁠

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

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