Formidable Fortress ETF (KONG) Performance
KONG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.2% since Dec 31, 2025
- 1 year
- +8.4% total return
- 5 years
- +6.0% a year
- Since first price
- +5.7% a year since 2021
KONG trailing returns vs SPY, QQQ, AGG
| Period | KONG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.4% | +6.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.5% | +7.5% | +7.8% | +8.4% | −1.5% |
| YTD | +7.2% | +7.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.4% | +8.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +33.4%+10.1%/yr | +31.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +33.7%+6.0%/yr | +30.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJul 22, 2021 | +34.1%+5.7%/yr | +30.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KONG vs SPY
From Jul 22, 2021: KONG grew to $13,408, SPY to $18,719.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KONG returns by calendar year
3 of 4 full years positive. Best 2023 (+12.7%), worst 2022 (−9.6%). 2026 is year to date.
KONG annual returns table
| Year | KONG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.2% | −8.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.6% | −13.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.7% | −6.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.7% | −6.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −9.6% | −17.0% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KONG largest drawdowns
Now 2.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 30, 2021 | −20.0% | Jun 16, 2022 | Feb 23, 2024 | 11 months | 2.6 years |
| Nov 26, 2024 | −15.5% | Apr 8, 2025 | Dec 11, 2025 | 4 months | 1.0 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KONG risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +9.6% | +6.8% | +4.2% |
| Volatility (annualized) | 9.8% | 11.9% | 12.3% |
| Sharpe ratio | 0.55 | 0.31 | 0.12 |
| Sortino ratio | 0.80 | 0.47 | 0.17 |
| Best month | +5.1% | +7.0% | +7.0% |
| Worst month | −6.1% | −6.6% | −6.6% |
| Best 12 months | +21.5% | +21.5% | +21.5% |
| Worst 12 months | −1.5% | −9.6% | −11.4% |
| Positive months | 67% | 60% | 58% |
| Beta vs S&P 500 | 0.61 | 0.65 | — |
| Correlation with S&P 500 | 0.77 | 0.86 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KONG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 52 | −11.4% | +7.2% | +21.5% | 88% |
| 3-year (a year) | 28 | +1.7% | +8.4% | +12.4% | 100% |
| 5-year (a year) | 4 | +3.9% | +5.8% | +6.8% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
KONG performance overview
Formidable Fortress ETF (KONG) returned +8.4% over the past year and +6.0% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +5.7% a year, turning $10,000 into about $13,408. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.0%, from Jul 30, 2021 to Jun 16, 2022, and it took 1.7 years to get back to the old high. KONG finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+12.7%) and the worst 2022 (−9.6%). Volatility has been 12.3% a year.
Related: KONG chart, KONG holdings, KONG dividends, KONG valuation. See the KONG overview for the latest quote and fund facts.
KONG performance FAQ
What is the KONG return over the past year?
KONG returned +8.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.0%.
What is the average annual return of KONG?
KONG has returned +6.0% a year over 5 years, +5.7% a year since July 22, 2021 (total return, distributions reinvested).
How much would $10,000 invested in KONG be worth?
$10,000 invested in KONG at its first recorded close on July 22, 2021 would be worth about $13,408 on October 23, 2026 with distributions reinvested.
What was the worst year for KONG?
The worst calendar year was 2022, with a total return of −9.6%. The best was 2023 at +12.7%.
What is the biggest drawdown of KONG?
The largest peak-to-trough decline was −20.0% between July 30, 2021 and June 16, 2022. It recovered to the old high on February 23, 2024, 1.7 years after the bottom.
How volatile is KONG?
Over the past 3 years KONG had an annualized volatility of 9.8% and a Sharpe ratio of 0.55 (excess return over 1–3 month T-bills per unit of risk).