KONG vs SAEF
Formidable Fortress ETF vs Schwab Ariel Opportunities ETF
Which is better, KONG or SAEF?
Each has led over a different period.
SAEF has a lower expense ratio. KONG led over the full window, SAEF over 1Y. SAEF is less concentrated, with 34.6% 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 | KONG | SAEF |
|---|---|---|
| Expense Ratio | 0.89% | 0.59%Best |
| AUM | $23M | $19M |
| Dividend Yield | 0.34% | 0.33% |
| Holdings | 106 | 59 |
| Volatility (annualized) | 11.8%Best | 24.6% |
| Max Drawdown | -18.3%Best | -28.1% |
| $10,000 over 4.7 years | $12,393Best | $9,883 |
| Top 10 Weight | 43.3% | 34.6%Best |
| Fund Family | Formidable Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Jul 21, 2021 | Nov 15, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 89 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. KONG has data through Oct 14, 2026 and SAEF through Jul 17, 2026.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Nov 16, 2021 to Jul 17, 2026 (4.7 years).
Risk: Volatility and Drawdowns
SAEF has been the more volatile fund, with annualized monthly volatility of 24.6% compared with 11.8% 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 -18.3% for KONG and -28.1% for SAEF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KONG charges 0.89% per year while SAEF charges 0.59%. On a $10,000 position that is $89 vs $59 annually, a gap of $30 per year that compounds over a long holding period. On income, KONG currently yields 0.34% against 0.33% for SAEF.
Holdings Overlap
3.3% of KONG's money is in holdings SAEF also owns. 1.1% of SAEF's money is in holdings KONG also owns.
KONG and SAEF share little of their money.
The two holdings books were reported 168 days apart, KONG as of Sep 15, 2026 and SAEF as of Mar 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 58 in SAEF, against full books of 106 and 59.
What only one of them owns
Our book lists 54 positions for SAEF that do not appear in our book for KONG (93.0% of the fund), and 33 for KONG that do not appear in SAEF (97.7%).
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 KONG | Weight in SAEF | Difference |
|---|---|---|---|
| SNASnap-On Inc. | 3.29% | 1.06% | 2.23% |
You are not choosing between two funds in isolation.
Whichever of KONG and SAEF 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 SAEF?
KONG has an expense ratio of 0.89% while SAEF charges 0.59%. SAEF is the cheaper option, by $30 a year on a $10,000 investment.
Which is riskier, KONG or SAEF?
SAEF has been the more volatile fund at 24.6% annualized versus 11.8% for KONG. Worst drawdown: KONG -18.3% vs SAEF -28.1%.
Should I hold both KONG and SAEF?
KONG and SAEF have a monthly-return correlation of 0.71, 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 SAEF?
3.3% of KONG's money is in holdings SAEF also owns. 1.1% of SAEF's is in holdings KONG also owns. They hold 1 positions in common, counted across the 34 positions we hold weights for in KONG and 58 in SAEF.
Which pays a higher dividend, KONG or SAEF?
KONG yields 0.34% while SAEF yields 0.33%, so KONG currently pays the higher dividend yield.
Is SAEF better than KONG?
SAEF has a lower expense ratio. KONG led over the full window, SAEF over 1Y. SAEF is less concentrated, with 34.6% 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.