- CUSIP
- 56167N183
- Inception Date
- Sep 4, 2024
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
KHPI Performance Chart
Kensington Hedged Premium Income ETF (KHPI) is up 4.1% since the beginning of the year. KHPI is currently trading at $26 per share.
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Returns By Period
Kensington Hedged Premium Income ETF (KHPI) has returned 4.08% so far this year and 13.27% over the past 12 months.
Kensington Hedged Premium Income ETF
- 1D
- -1.53%
- 1M
- -0.30%
- YTD
- 4.08%
- 6M
- 3.13%
- 1Y
- 13.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
KHPI Monthly Returns History
Based on dividend-adjusted daily data since Sep 5, 2024, KHPI's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, an investment would double in approximately 6.5 years.
Historically, 73% of months were positive and 27% were negative. The best month was Apr 2026 with a return of +6.5%, while the worst month was Mar 2026 at -4.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 1 months.
On a daily basis, KHPI closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +5.6%, while the worst single day was Apr 4, 2025 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.83% | 0.40% | -4.68% | 6.50% | 2.72% | -1.42% | 4.08% | ||||||
| 2025 | 1.64% | 0.04% | -4.61% | 0.04% | 4.44% | 3.29% | 1.31% | 0.71% | 1.23% | 2.50% | 1.10% | -0.79% | 11.14% |
| 2024 | 2.06% | -1.10% | 3.98% | -0.64% | 4.29% |
Benchmark Metrics
Kensington Hedged Premium Income ETF has an annualized alpha of 1.80%, beta of 0.52, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since September 06, 2024.
- This ETF participated in 66.76% of S&P 500 Index downside but only 58.34% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.52 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.80%
- Beta
- 0.52
- R²
- 0.79
- Upside Capture
- 58.34%
- Downside Capture
- 66.76%
Expense Ratio
KHPI has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
KHPI ranks 60 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Kensington Hedged Premium Income ETF (KHPI) and compare them to S&P 500 Index.
| KHPI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.69 | -0.57 |
| Martin ratioReturn relative to average drawdown | 9.95 | 12.34 | -2.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Kensington Hedged Premium Income ETF provided a 8.98% dividend yield over the last twelve months, with an annual payout of $2.31 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.31 | $2.28 | $0.76 |
Dividend yield | 8.98% | 8.90% | 3.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Kensington Hedged Premium Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.19 | $0.19 | $0.18 | $0.19 | $0.20 | $0.00 | $0.96 | ||||||
| 2025 | $0.19 | $0.19 | $0.18 | $0.18 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.20 | $0.19 | $0.19 | $2.28 |
| 2024 | $0.19 | $0.19 | $0.16 | $0.22 | $0.76 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Kensington Hedged Premium Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Kensington Hedged Premium Income ETF was 10.58%, occurring on Apr 4, 2025. Recovery took 47 trading sessions.
The current Kensington Hedged Premium Income ETF drawdown is 1.79%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -10.58%Apr 2025 | 2mo 10d | 2mo 9d | 4mo 19dJan 2025 - Jun 2025 |
2026 pullback2026 | -6.55%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2025 pullback2025 | -2.07%Nov 2025 | 21d | 8d | 29dOct 2025 - Nov 2025 |
2026 pullback2026 | -1.79%Jun 2026 | 2d | — | 5d 12hJun 2026 - now |
2024 pullback2024 | -1.78%Dec 2024 | 9d | 28d | 1mo 7dDec 2024 - Jan 2025 |
Drawdown Indicators
| KHPI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.58% | -56.78% | +46.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -9.10% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.79% | -2.97% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -10.72% | +9.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.97% | -0.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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