CVMC vs KONG
Calvert US Mid-Cap Core Responsible Index ETF vs Formidable Fortress ETF
Which is better, CVMC or KONG?
CVMC has been ahead.
CVMC has a lower expense ratio. CVMC led over 1Y, 3Y and the full window. CVMC is less concentrated, with 5.9% of the fund in its ten largest positions against 43.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVMC | KONG |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.89% |
| AUM | $115M | $23M |
| Dividend Yield | 1.23% | 0.34% |
| Holdings | 1,184 | 106 |
| YTD Return | +14.85%Best | +8.48% |
| 1Y Return | +18.30%Best | +9.69% |
| 3Y Return (annualized) | +17.39%Best | +9.30% |
| 5Y Return (annualized) | - | +6.61% |
| Volatility (annualized) | 15.5% | 9.7%Best |
| Max Drawdown | -22.5% | -15.5%Best |
| $10,000 over 3.7 years | $14,930Best | $13,482 |
| Top 10 Weight | 5.9%Best | 43.3% |
| Fund Family | Calvert | Formidable Funds |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Jan 30, 2023 | Jul 21, 2021 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVMC vs KONG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
CVMC vs KONG Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is an ETF from Calvert and Formidable Fortress ETF (KONG) is an ETF from Formidable Funds. Over the past year CVMC returned +18.30% while KONG returned +9.69%. Year to date, CVMC is up 14.85% versus a gain of 8.48% for KONG.
Over three years, CVMC compounded at +17.39% per year against +9.30% for KONG. Across the full 4-year window we track, CVMC has the edge at +11.44% annualized vs +8.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVMC has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 9.7% for KONG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.5% for CVMC and -15.5% for KONG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVMC charges 0.15% per year while KONG charges 0.89%. On a $10,000 position that is $15 vs $89 annually, a gap of $74 per year that compounds over a long holding period. On income, CVMC currently yields 1.23% against 0.34% for KONG.
Holdings Overlap
3.2% of CVMC's money is in holdings KONG also owns. 40.1% of KONG's money is in holdings CVMC also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 595 positions we hold weights for in CVMC and 34 in KONG, against full books of 1,184 and 106.
What only one of them owns
Our book lists 21 positions for KONG that do not appear in our book for CVMC (60.8% of the fund), and 570 for CVMC that do not appear in KONG (94.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVMC | Weight in KONG | Difference |
|---|---|---|---|
| FASTFastenal Co. | 0.52% | 4.26% | 3.74% |
| EMEEmcor Group Inc | 0.35% | 4.19% | 3.84% |
| FFIVF5 Networks Inc. | 0.29% | 4.03% | 3.74% |
| IBKRInteractive Brokers Group Inc | 0.36% | 3.63% | 3.27% |
| SNASnap-On Inc. | 0.19% | 3.29% | 3.10% |
| CBOEC B O E Holdings Inc. | 0.26% | 3.00% | 2.74% |
| CHEChemed Corp | 0.07% | 3.04% | 2.97% |
| WSTWest Pharmaceutical Services Inc | 0.26% | 2.55% | 2.29% |
| PHMPultegroup Inc. | 0.24% | 2.56% | 2.32% |
| JKHYJack Henry & Associates Inc | 0.11% | 2.58% | 2.47% |
40.1% of KONG is already inside CVMC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVMC or KONG?
CVMC has an expense ratio of 0.15% while KONG charges 0.89%. CVMC is the cheaper option, by $74 a year on a $10,000 investment.
Which performed better, CVMC or KONG?
Over the past year CVMC returned +18.30% vs +9.69% for KONG, so CVMC leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +11.44% vs +8.41% for KONG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVMC or KONG?
CVMC has been the more volatile fund at 15.5% annualized versus 9.7% for KONG. Worst drawdown: CVMC -22.5% vs KONG -15.5%.
Should I hold both CVMC and KONG?
CVMC and KONG have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CVMC and KONG?
40.1% of KONG's money is in holdings CVMC also owns. 40.1% of KONG's is in holdings CVMC also owns. They hold 13 positions in common, counted across the 595 positions we hold weights for in CVMC and 34 in KONG.
Which pays a higher dividend, CVMC or KONG?
CVMC yields 1.23% while KONG yields 0.34%, so CVMC currently pays the higher dividend yield.
Is KONG better than CVMC?
CVMC has a lower expense ratio. CVMC led over 1Y, 3Y and the full window. CVMC is less concentrated, with 5.9% of the fund in its ten largest positions against 43.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.