Which paid more, KNG or OEI?

Over the year to Nov 4, 2026, KNG paid 8.8% of its starting price in cash and OEI paid 9.2%, so OEI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, KNG or OEI?

With every distribution reinvested, KNG returned +20.8% and OEI +12.9% over the year to Nov 4, 2026.

Which is cheaper, KNG or OEI?

KNG charges 0.74% a year and OEI charges 1.02%, so KNG is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

KNG vs OEI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OEI paid 9.2% of its price in cash against KNG’s 8.8%, though KNG returned more with it reinvested.

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Net assets: $3.4bn on Nov 3, 2026 for FT Vest S&P 500 Dividend Aristocrats Target Income ETF, and $46m on Jul 31, 2026 for Optimized Equity Income ETF.

KNG on its own →OEI on its own →

At a glance

8.8%

KNG cash paid, 1 year

9.2%

OEI cash paid, 1 year

+20.8%

KNG total return, 1 year

+12.9%

OEI total return, 1 year

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.

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

1.9 pts behind SPY

9.2% of it arrived as cash. Both charts share one scale, 0 to +23.9%. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

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

Pair scorecard

KNG costs 0.28 points a year less; their one-year returns differ by 7.9 points.

Points (pts) are percentage points.

KNG vs OEI: Dividend Yield & Total Return
Measure	KNG	OEI
Paid and earned
Measure	KNG	OEI
Total return, 1 year	+20.8%	+12.9%
Price change, 1 year	rose 11.1%	rose 3.0%
Return of capital, issuer estimate	80% of the Oct 30, 2026 payment
Against its benchmark
Measure	KNG	OEI
Benchmark	S&P 500 Dividend Aristocrats, measured through NOBL	S&P 500, measured through SPY
Cost and size
Measure	KNG	OEI
Expense ratio	0.74%	1.02%
Net assets, KNG as of Nov 3, 2026 and OEI as of Jul 31, 2026	$3.4bn	$46m
Holdings
Measure	KNG	OEI
Holdings in common	14%

ETFIQ Distribution Coverage Score · KNG scores higher How much of what it paid out did its total return cover?

IQ Income Score91.3KNG75.7OEI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

KNG 91.3

OEI 75.7

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

14%

By the books each fund has filed, KNG and OEI hold 14% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

14% in common

Positions both hold · largest shared weight first KNG OEI

Johnson & Johnson 1.48% 2.08%

AbbVie Inc. 1.44% 1.55%

ExxonMobil Holdings Corp. 1.43% 2.04%

Chevron Corporation 1.42% 1.29%

Walmart Inc. 1.52% 1.12%

The Procter & Gamble Company 1.48% 1.06%

Caterpillar Inc. 1.21% 1.03%

The Coca-Cola Company 1.46% 0.88%

Realty Income Corporation 1.49% 0.85%

Abbott Laboratories 1.56% 0.65%

PepsiCo, Inc. 1.46% 0.65%

McDonald's Corporation 1.53% 0.63%

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%

General Dynamics Corporation 1.55%

Lowe's Companies, Inc. 1.55%

Only in OEI

NVIDIA Corp 8.22%

Microsoft Corp 5.93%

Amazon.com Inc 4.51%

Apple Inc 4.23%

Alphabet Inc 3.44%

Broadcom Inc 3.01%

Alphabet Inc 2.76%

Micron Technology Inc 2.54%

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 OEI Optimized Equity Income ETF · Option income on SPY, paying monthly

Issuer First Trust Core Alternative

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% 9.6%

Expense ratio 0.74% 1.02%

Cash paid, 1 year 8.8% 9.2%

Price change, 1 year +11.1% +3.0%

Total return, 1 year +20.8% +12.9%

Benchmark return, 1 year +23.9% +14.8%

Ahead or behind −3.1 pts −1.9 pts

Return of capital, latest estimate 80% not published

Age 8.6 years 1.0 years

Net assets, KNG as of Nov 3, 2026 and OEI as of Jul 31, 2026 $3.4bn $46m

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 OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KNG	OEI	KNG	OEI	KNG	OEI
3 months	+5.2%	+3.3%	2.0%	2.4%	−0.5 pts	+3.4 pts
6 months	+13.5%	+6.3%	4.3%	4.7%	−1.4 pts	+1.3 pts
1 year	+20.8%	+12.9%	8.8%	9.2%	−3.1 pts	−1.9 pts
3 years	+41.8%	–	26.9%	–	−6.7 pts	–
Since launchNot the same days: KNG Mar 2018 · OEI Oct 2025	+120.8%	+15.0%	61.2%	9.4%	−19.0 pts	−1.1 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.

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

Questions people ask

Which paid more, KNG or OEI?: Over the year to Nov 4, 2026, KNG paid 8.8% of its starting price in cash and OEI paid 9.2%, so OEI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, KNG or OEI?: With every distribution reinvested, KNG returned +20.8% and OEI +12.9% over the year to Nov 4, 2026.
Which is cheaper, KNG or OEI?: KNG charges 0.74% a year and OEI charges 1.02%, so KNG is cheaper. Fees come from each fund's prospectus.

Other comparisons

KNG vs SPIN KNG vs ACKY KNG vs ACSP KNG vs XRMI OEI vs RDVI OEI vs OVL OEI vs PAPI OEI vs TSPY

Where to next

S&P 500 Dividend Aristocrats (NOBL) →S&P 500 (SPY) →KNG on its own →OEI on its own →KNG dividend history →KNG holdings →OEI dividend history →OEI 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 ↗

OEI filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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 OEI, data as of Nov 4, 2026. https://etfiq.com/compare/income/kng-vs-oei

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