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AFSM vs KONG

First Trust Active Factor Small Cap ETF vs Formidable Fortress ETF

AFSM

First Trust Active Factor Small Cap ETF

First Trust

Annual cost

0.75%

Fund size

$94M

KONG

Formidable Fortress ETF

Formidable Funds

Annual cost

0.89%

Fund size

$22M

Key differences

  • AFSM costs 0.14% less per year.
  • AFSM is significantly larger than KONG — larger funds tend to be more liquid and less likely to close.
  • AFSM is classified as equity, while KONG is alternative — different risk/return profiles.
  • AFSM follows a active selection strategy; KONG uses option income.
  • Over the last 3 years, AFSM has delivered higher annualized returns.

Side-by-side comparison

AFSMKONG
Annual cost (TER)0.75%0.89%
Fund size (AUM)$94M$22M
Since20192021
Dividend yield0.49%0.36%
Asset classequityalternative
Regionnorth america
Strategyactive selectionoption income
CAGR 1Y+32.0%+6.2%
CAGR 3Y+19.1%+9.3%
CAGR 5Y+8.9%N/A
Sharpe 3Y0.800.49
Volatility 1Y17.84%10.91%
Max drawdown-43.54%-19.98%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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