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FMCX vs KONG

FM Focus Equity ETF vs Formidable Fortress ETF

FMCX

FM Focus Equity ETF

First Manhattan Co.

Annual cost

0.71%

Fund size

$115M

KONG

Formidable Fortress ETF

Formidable Funds

Annual cost

0.89%

Fund size

$22M

Key differences

  • FMCX costs 0.18% less per year.
  • FMCX is significantly larger than KONG — larger funds tend to be more liquid and less likely to close.
  • FMCX is classified as equity, while KONG is alternative — different risk/return profiles.
  • FMCX follows a active selection strategy; KONG uses option income.
  • Over the last 3 years, FMCX has delivered higher annualized returns.

Side-by-side comparison

FMCXKONG
Annual cost (TER)0.71%0.89%
Fund size (AUM)$115M$22M
Since20222021
Dividend yield0.34%0.36%
Asset classequityalternative
Regionnorth america
Strategyactive selectionoption income
CAGR 1Y+18.7%+6.2%
CAGR 3Y+17.2%+9.3%
CAGR 5YN/AN/A
Sharpe 3Y0.950.49
Volatility 1Y12.96%10.91%
Max drawdown-17.70%-19.98%

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

Similar to FMCX and KONG