Kensington Hedged Premium Income ETF (KHPI) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KHPI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KHPI
KHPI charges 0.96% annually. There are 142 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | KHPI vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | KHPI vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | KHPI vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | KHPI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 781.48M | Jul 2024 | KHPI vs QQA |
Best Risk-Adjusted Alternatives to KHPI
KHPI has a PortfoliosLab risk / return rank of 63. There are 65 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | KHPI vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 489.70M | Oct 2022 | KHPI vs BUCK | |
| Global X S&P 500 Covered Call ETF | 93 | 3.24B | Jun 2013 | KHPI vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | KHPI vs PBP | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | KHPI vs RYLD |
Top Performing KHPI Alternatives (YTD)
KHPI is at 6.36% YTD. There are 123 ETFs in the Derivative Income category with higher YTD returns, going as high as 146.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 146.74% | 114.09M | Jul 2025 | KHPI vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 134.95% | 22.04M | Oct 2025 | KHPI vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 87.43% | 382.78M | Sep 2023 | KHPI vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 60.69% | 106.87M | Oct 2023 | KHPI vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 58.34% | 64.01M | Dec 2024 | KHPI vs SOXY |
Lowest Volatility Alternatives to KHPI
KHPI has 7.56% 1-year volatility. There are 17 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.59%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.59% | 489.70M | Oct 2022 | KHPI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.92% | 112.06M | Aug 2022 | KHPI vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | KHPI vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | KHPI vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.30B | Dec 2015 | KHPI vs BUYW |
Lowest Drawdown Alternatives to KHPI
KHPI has a 1-year max drawdown of -6.55%. There are 30 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | KHPI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | KHPI vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | KHPI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | KHPI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | KHPI vs THTA |
Often Compared With KHPI
Investors most often compare KHPI with OVLH, QQQH, AQRIX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare KHPI with Any Fund or Stock
Compare KHPI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KHPI with funds that move differently
Kensington Hedged Premium Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KHPI.
Explore KHPI Diversifiers