QDPL - KNG: Buy-Write ETF Lagging Peers For 3 Years

2024-05-24 18:04:23 ET

Summary

• FT Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF holds S&P 500 dividend aristocrats in equal-weight and sells covered calls options.
• KNG ETF valuation looks slightly better than the S&P 500, whereas growth and quality metrics are average.
• Compared to the S&P 500 Dividend Aristocrats Index, KNG has a higher yield, but a lower total return since the fund’s inception.
• KNG has beaten other S&P 500 buy-write ETFs since 2018, but it has been lagging them for 3 years.

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