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 132 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% | 29.28M | Nov 2024 | KHPI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | KHPI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | KHPI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | KHPI vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 352.13M | Dec 2007 | KHPI vs PBP |
Best Risk-Adjusted Alternatives to KHPI
KHPI has a PortfoliosLab risk / return rank of 57. There are 61 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | KHPI vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 474.96M | Oct 2022 | KHPI vs BUCK | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | KHPI vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 93 | 443.39M | Sep 2023 | KHPI vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | KHPI vs GOOY |
Top Performing KHPI Alternatives (YTD)
KHPI is at 5.95% YTD. There are 121 ETFs in the Derivative Income category with higher YTD returns, going as high as 207.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 207.86% | 27.86M | Oct 2025 | KHPI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 184.48% | 116.76M | Jul 2025 | KHPI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 109.12% | 443.39M | Sep 2023 | KHPI vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 89.76% | 127.56M | Oct 2023 | KHPI vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 70.96% | 1.16B | Apr 2025 | KHPI vs CHPY |
Lowest Volatility Alternatives to KHPI
KHPI has 7.53% 1-year volatility. There are 17 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | KHPI vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.45% | 206.17M | Apr 2026 | KHPI vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.86% | 88.48M | Feb 2025 | KHPI vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.26B | Dec 2015 | KHPI vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.08% | 726.94K | May 2026 | KHPI vs FIYY |
Lowest Drawdown Alternatives to KHPI
KHPI has a 1-year max drawdown of -6.55%. There are 27 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% | 474.96M | Oct 2022 | KHPI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | KHPI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | KHPI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | KHPI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | KHPI vs OMAH |
Often Compared With KHPI
Investors most often compare KHPI with OVLH, QQQH, AQRIX. These 20 comparison targets span 8 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