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SPDF vs KONG

Defender Risk Adaptive 500 ETF vs Formidable Fortress ETF

SPDF

Defender Risk Adaptive 500 ETF

Tamarisk Capital Management LLC

Annual cost

0.69%

Fund size

$5M

KONG

Formidable Fortress ETF

Formidable Funds

Annual cost

0.89%

Fund size

$22M

Key differences

  • SPDF costs 0.20% less per year.
  • KONG is significantly larger than SPDF — larger funds tend to be more liquid and less likely to close.
  • SPDF is classified as equity, while KONG is alternative — different risk/return profiles.
  • SPDF follows a active selection strategy; KONG uses option income.
  • KONG has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SPDFKONG
Annual cost (TER)0.69%0.89%
Fund size (AUM)$5M$22M
Since20262021
Dividend yield0.36%
Asset classequityalternative
Regionnorth america
Strategyactive selectionoption income
CAGR 1YN/A+6.2%
CAGR 3YN/A+9.3%
CAGR 5YN/AN/A
Sharpe 3YN/A0.49
Volatility 1Y10.91%
Max drawdown-1.90%-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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