IGR vs KONG
CBRE Global Real Estate Income Fund vs Formidable Fortress ETF
Which is better, IGR or KONG?
KONG has been ahead.
KONG has a lower expense ratio. KONG led over 1Y, 3Y, 5Y and the full window.
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 | IGR | KONG |
|---|---|---|
| Expense Ratio | 3.62% | 0.89%Best |
| AUM | $604M | $23M |
| Dividend Yield | 17.98% | 0.34% |
| Holdings | 83 | 106 |
| YTD Return | -5.11% | +8.48%Best |
| 1Y Return | -12.88% | +9.69%Best |
| 3Y Return (annualized) | +8.88% | +9.30%Best |
| 5Y Return (annualized) | -4.53% | +6.61%Best |
| Volatility (annualized) | 30.7% | 12.2%Best |
| Max Drawdown | -50.9% | -20.0%Best |
| $10,000 over 5 years | $7,931 | $13,772Best |
| Fund Family | CBRE Investment Management | Formidable Funds |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Feb 18, 2004 | Jul 21, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 22, 2021 to Oct 14, 2026 (5.2 years).
IGR 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 5.2 years both funds cover.
IGR vs KONG Performance
CBRE Global Real Estate Income Fund (IGR) is an ETF from CBRE Investment Management and Formidable Fortress ETF (KONG) is an ETF from Formidable Funds. Over the past year IGR returned -12.88% while KONG returned +9.69%. Year to date, IGR is down 5.11% versus a gain of 8.48% for KONG.
Over three years, IGR compounded at +8.88% per year against +9.30% for KONG; over five years the annualized figures are -4.53% and +6.61% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IGR has been the more volatile fund, with annualized monthly volatility of 30.7% compared with 12.2% 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 -50.9% for IGR and -20.0% 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 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IGR charges 3.62% per year while KONG charges 0.89%. On a $10,000 position that is $362 vs $89 annually, a gap of $273 per year that compounds over a long holding period. On income, IGR currently yields 17.98% against 0.34% for KONG.
Holdings Overlap
At least 2.4% of KONG's money is in holdings IGR also owns.
Only one direction is shown: for IGR, our book for it lists positions totalling 143.8% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
KONG and IGR share little of their money.
The two holdings books were reported 77 days apart, IGR as of Jun 30, 2026 and KONG as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 81 positions we hold weights for in IGR and 34 in KONG, against full books of 83 and 106.
Top Shared Holdings
| Stock | Weight in IGR | Weight in KONG | Difference |
|---|---|---|---|
| GLPIGaming And Leisure Properties Inc | 1.62% | 2.43% | 0.81% |
You are not choosing between two funds in isolation.
Whichever of IGR and KONG you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IGR or KONG?
IGR has an expense ratio of 3.62% while KONG charges 0.89%. KONG is the cheaper option, by $273 a year on a $10,000 investment.
Which performed better, IGR or KONG?
Over the past year IGR returned -12.88% vs +9.69% for KONG, so KONG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IGR or KONG?
IGR has been the more volatile fund at 30.7% annualized versus 12.2% for KONG. Worst drawdown: IGR -50.9% vs KONG -20.0%.
Should I hold both IGR and KONG?
IGR and KONG have a monthly-return correlation of 0.67, 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 IGR and KONG?
At least 2.4% of KONG's money is in holdings IGR also owns. Our book for IGR is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 81 positions we hold weights for in IGR and 34 in KONG.
Which pays a higher dividend, IGR or KONG?
IGR yields 17.98% while KONG yields 0.34%, so IGR currently pays the higher dividend yield.
Is KONG better than IGR?
KONG has a lower expense ratio. KONG led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.