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FCEF vs KONG

First Trust Income Opportunity ETF vs Formidable Fortress ETF

FCEF

First Trust Income Opportunity ETF

Annual cost

3.69%

Fund size

$79M

KONG

Formidable Fortress ETF

Annual cost

0.89%

Fund size

$22M

Key differences

FCEF is a mixed asset ETF, while KONG is an alternative ETF. FCEF charges 3.69% a year and KONG 0.89%.

  • FCEF is a mixed asset fund, while KONG is an alternative fund. They carry different risk/return profiles.
  • FCEF follows a active selection strategy; KONG uses option income.
  • KONG costs 2.80% less per year.
  • FCEF is much larger than KONG. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, FCEF has delivered higher annualized returns.
  • FCEF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FCEFKONG
Annual cost (TER)3.69%0.89%
Fund size (AUM)$79M$22M
Since20162021
Dividend yield6.19%0.36%
Asset classmixed assetalternative
Region
Strategyactive selectionoption income
CAGR 1Y+15.3%+4.3%
CAGR 3Y+15.6%+8.4%
CAGR 5Y+5.8%N/A
Sharpe 3Y1.150.42
Volatility 1Y7.87%10.95%
Max drawdown-44.81%-19.98%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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