KONG vs PGZ
Formidable Fortress ETF vs Principal Real Estate Income Fund
Which is better, KONG or PGZ?
Each has led over a different period.
KONG has a lower expense ratio. KONG led over 1Y, 5Y and the full window, PGZ over 3Y.
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 | KONG | PGZ |
|---|---|---|
| Expense Ratio | 0.89%Best | 2.16% |
| AUM | $23M | $69M |
| Dividend Yield | 0.34% | 12.28% |
| Holdings | 106 | 110 |
| YTD Return | +8.48%Best | -4.14% |
| 1Y Return | +9.69%Best | -4.95% |
| 3Y Return (annualized) | +9.30% | +10.97%Best |
| 5Y Return (annualized) | +6.61%Best | -0.32% |
| Volatility (annualized) | 12.2%Best | 17.9% |
| Max Drawdown | -20.0%Best | -35.3% |
| $10,000 over 5 years | $13,772Best | $9,841 |
| Fund Family | Formidable Funds | Principal Funds |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Jul 21, 2021 | Jun 26, 2013 |
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).
KONG vs PGZ 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.
KONG vs PGZ Performance
Formidable Fortress ETF (KONG) is an ETF from Formidable Funds and Principal Real Estate Income Fund (PGZ) is an ETF from Principal Funds. Over the past year KONG returned +9.69% while PGZ returned -4.95%. Year to date, KONG is up 8.48% versus a loss of 4.14% for PGZ.
Over three years, KONG compounded at +9.30% per year against +10.97% for PGZ; over five years the annualized figures are +6.61% and -0.32% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGZ has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -20.0% for KONG and -35.3% for PGZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
KONG charges 0.89% per year while PGZ charges 2.16%. On a $10,000 position that is $89 vs $216 annually, a gap of $127 per year that compounds over a long holding period. On income, KONG currently yields 0.34% against 12.28% for PGZ.
Holdings Overlap
At least 2.4% of KONG's money is in holdings PGZ also owns.
Stated as a floor: for PGZ, our book for it covers 59.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
KONG and PGZ share little of their money.
The two holdings books were reported 227 days apart, KONG as of Sep 15, 2026 and PGZ as of Jan 31, 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 34 positions we hold weights for in KONG and 61 in PGZ, against full books of 106 and 110.
Top Shared Holdings
| Stock | Weight in KONG | Weight in PGZ | Difference |
|---|---|---|---|
| GLPIGaming And Leisure Properties Inc | 2.43% | 1.46% | 0.97% |
You are not choosing between two funds in isolation.
Whichever of KONG and PGZ 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, KONG or PGZ?
KONG has an expense ratio of 0.89% while PGZ charges 2.16%. KONG is the cheaper option, by $127 a year on a $10,000 investment.
Which performed better, KONG or PGZ?
Over the past year KONG returned +9.69% vs -4.95% for PGZ, so KONG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KONG or PGZ?
PGZ has been the more volatile fund at 17.9% annualized versus 12.2% for KONG. Worst drawdown: KONG -20.0% vs PGZ -35.3%.
Should I hold both KONG and PGZ?
KONG and PGZ have a monthly-return correlation of 0.55, 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 KONG and PGZ?
At least 2.4% of KONG's money is in holdings PGZ also owns. Our book for PGZ is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 34 positions we hold weights for in KONG and 61 in PGZ.
Which pays a higher dividend, KONG or PGZ?
KONG yields 0.34% while PGZ yields 12.28%, so PGZ currently pays the higher dividend yield.
Is PGZ better than KONG?
KONG has a lower expense ratio. KONG led over 1Y, 5Y and the full window, PGZ over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.