Which is cheaper, KNG or NLSI?

KNG charges 0.74% a year and NLSI charges 2.89%, so KNG is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

KNG vs NLSI: Dividend Yield & Total Return

KNG and NLSI both write options for income.

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Net assets: $3.4bn on Nov 3, 2026 for FT Vest S&P 500 Dividend Aristocrats Target Income ETF, and $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF.

KNG on its own →NLSI on its own →

At a glance

8.8%

KNG cash paid, 1 year

5.0%

NLSI cash paid, since launch, Dec 10, 2025

+20.8%

KNG total return, 1 year

+17.7%

NLSI total return, since launch, Dec 10, 2025

KNG · 1 year to Nov 4, 2026 3.1 pts behind NOBL

KNG

+20.8%

NOBL

+23.9%

3.1 pts behind NOBL

KNG over 1 year: paid 8.8%, price +11.1%, total +20.8%, NOBL +23.9%, −3.1 pts. Data to Nov 4, 2026.

NOBL

+23.9%

KNG

+20.8%

8.8% of it arrived as cash

3.1 pts behind NOBL

Total return, distributions reinvested

3.1 pts behind NOBL

KNG over 1 year: paid 8.8%, price +11.1%, total +20.8%, NOBL +23.9%, −3.1 pts. Data to Nov 4, 2026.

NOBL

+23.9%

KNG

+20.8%

3.1 pts behind NOBL

8.8% of it arrived as cash. Total return, distributions reinvested. KNG over 1 year: paid 8.8%, price +11.1%, total +20.8%, NOBL +23.9%, −3.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

NLSI · since launch to Nov 4, 2026 5 pts ahead of SPY

NLSI

+17.7%

SPY

+12.7%

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5.0% as cash

5 pts ahead of SPY

Total return, distributions reinvested

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5 pts ahead of SPY

5.0% of it arrived as cash. Both charts share one scale, 0 to +23.9%. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +23.9%. Data to Nov 4, 2026.

Pair scorecard

KNG costs 2.15 points a year less; KNG is far larger, $3.4bn against $5.3m.

Points (pts) are percentage points.

KNG vs NLSI: Dividend Yield & Total Return
Measure	KNG	NLSI
Paid and earned
Measure	KNG	NLSI
Total return, 1 year	+20.8%	not published
Price change	rose 11.1% (1 year)	rose 12.0% (since Dec 10, 2025)
Return of capital, issuer estimate	80% of the Oct 30, 2026 payment	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	KNG	NLSI
Benchmark	S&P 500 Dividend Aristocrats, measured through NOBL	S&P 500, measured through SPY
Against its benchmark, same days	behind by 3.1 pts	ahead by 5.0 pts
Cost and size
Measure	KNG	NLSI
Expense ratio	0.74%	2.89%
Net assets, as of Oct 28, 2026	$3.4bn	$5.3m
Holdings
Measure	KNG	NLSI
Holdings in common	1%

Method

What they share

By the books each fund has filed, KNG and NLSI hold 1% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first KNG NLSI

Chevron Corporation 1.42% 4.51%

Caterpillar Inc. 1.21% -1.44%

Walmart Inc. 1.52% -1.47%

Air Products and Chemicals, Inc. 1.48% -1.88%

Aflac Incorporated 1.48% -1.89%

Fastenal Company 1.43% -1.90%

Ecolab Inc. 1.51% -1.99%

Only in one fund ↓

Only in KNG

Pentair plc 1.89%

Roper Technologies, Inc. 1.70%

Erie Indemnity Company 1.58%

The Clorox Company 1.58%

PPG Industries, Inc. 1.57%

Stanley Black & Decker, Inc. 1.57%

Abbott Laboratories 1.56%

General Dynamics Corporation 1.55%

Only in NLSI

Micron Technology Inc 12.00%

Marathon Petroleum Corp 5.94%

Valero Energy Corp 5.14%

Intuit Inc 4.45%

Walt Disney Co 4.42%

Phillips 66 4.39%

Comfort Systems USA Inc 4.30%

PayPal Holdings Inc 4.29%

Check overlap with more funds →

Side by side

KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF · Dividend stocks with call overlay on NOBL, paying monthly NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly

Issuer First Trust NEOS

Strategy dividend stocks with call overlay option income

Benchmark S&P 500 Dividend Aristocrats (NOBL) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.0% 5.6%

Expense ratio 0.74% 2.89%

Cash paid, 1 year 8.8% 5.0% (since launch, Dec 10, 2025)

Price change, 1 year +11.1% +12.0% (since launch, Dec 10, 2025)

Total return, 1 year +20.8% +17.7% (since launch, Dec 10, 2025)

Benchmark return, 1 year +23.9% +12.7% (since launch, Dec 10, 2025)

Ahead or behind −3.1 pts +5.0 pts (since launch, Dec 10, 2025)

Return of capital, latest estimate 80% 100%

Age 8.6 years 329 days

Net assets, KNG as of Nov 3, 2026 and NLSI as of Oct 28, 2026 $3.4bn $5.3m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: KNG vs NLSI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KNG	NLSI	KNG	NLSI	KNG	NLSI
3 months	+5.2%	+6.7%	2.0%	1.4%	−0.5 pts	+6.9 pts
6 months	+13.5%	+21.4%	4.3%	3.0%	−1.4 pts	+16.4 pts
1 year	+20.8%	–	8.8%	–	−3.1 pts	–
3 years	+41.8%	–	26.9%	–	−6.7 pts	–
Since launchNot the same days: KNG Mar 2018 · NLSI Dec 2025	+120.8%	+17.7%	61.2%	5.0%	−19.0 pts	+4.9 pts

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Alert

About each fund

KNG

Over the year to Nov 4, 2026, KNG paid 8.8% of its starting value in cash distributions while its price rose 11.1%. With every distribution reinvested, the fund returned +20.8%. S&P 500 Dividend Aristocrats (NOBL) returned +23.9% over the same days, so a holder was behind by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. First Trust estimates that 80% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

NLSI

Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, KNG or NLSI?: KNG charges 0.74% a year and NLSI charges 2.89%, so KNG is cheaper. Fees come from each fund's prospectus.

Other comparisons

KNG vs TPRY KNG vs OCTJ KNG vs OCTH KNG vs SPUT NLSI vs RDVI NLSI vs OVL NLSI vs PAPI NLSI vs TSPY

Where to next

S&P 500 Dividend Aristocrats (NOBL) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →KNG on its own →NLSI on its own →KNG dividend history →KNG holdings →NLSI dividend history →NLSI holdings →Method →Standards and sources →

Sources and dates

KNG filings on SEC EDGAR ↗

KNG prospectus with the expense ratio (SEC) ↗

KNG 19a-1 distribution notice ↗

First Trust page for KNG ↗

NLSI filings on SEC EDGAR ↗

NLSI prospectus with the expense ratio (SEC) ↗

NLSI 19a-1 distribution notice ↗

NEOS page for NLSI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, KNG against NLSI, data as of Nov 4, 2026. https://etfiq.com/compare/income/kng-vs-nlsi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.