HOYY vs. KHPI

Last updated Jun 4, 2026

HOYY (GraniteShares YieldBOOST HOOD ETF) and KHPI (Kensington Hedged Premium Income ETF) are both Derivative Income funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. HOYY charges 1.07%/yr vs 0.96%/yr for KHPI.

Performance

HOYY vs. KHPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST HOOD ETF (HOYY) and Kensington Hedged Premium Income ETF (KHPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOYY achieves a -29.50% return, which is significantly lower than KHPI's 5.45% return.

HOYY

• 1D: -0.42%
• 1M: 0.36%
• YTD: -29.50%
• 6M: -37.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KHPI

• 1D: -0.50%
• 1M: 2.40%
• YTD: 5.45%
• 6M: 4.74%
• 1Y: 15.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HOYY vs. KHPI - Yearly Performance Comparison

	2026 (YTD)	2025
HOYY GraniteShares YieldBOOST HOOD ETF	-29.50%	-24.36%
KHPI Kensington Hedged Premium Income ETF	5.45%	2.80%

Correlation

The correlation between HOYY and KHPI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.54

Return for Risk

HOYY vs. KHPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KHPI

KHPI Risk / Return Rank: 60
KHPI Sharpe Ratio Rank: 62
KHPI Sortino Ratio Rank: 65
KHPI Omega Ratio Rank: 64
KHPI Calmar Ratio Rank: 48
KHPI Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HOYY vs. KHPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) and Kensington Hedged Premium Income ETF (KHPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HOYY	KHPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.65	1.28	-2.93

Drawdowns

HOYY vs. KHPI - Drawdown Comparison

The maximum HOYY drawdown since its inception was -51.54%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for HOYY and KHPI.

Drawdown Indicators

	HOYY	KHPI	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-10.58%	-40.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.55%	—
Current Drawdown Current decline from peak	-49.50%	-0.50%	-49.00%
Average Drawdown Average peak-to-trough decline	-32.56%	-1.23%	-31.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.39%	—

Volatility

Volatility by Period

	HOYY	KHPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.03%	7.24%	+29.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.03%	9.61%	+27.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.03%	9.61%	+27.42%

HOYY vs. KHPI - Expense Ratio Comparison

HOYY has a 1.07% expense ratio, which is higher than KHPI's 0.96% expense ratio.

Dividends

HOYY vs. KHPI - Dividend Comparison

HOYY's dividend yield for the trailing twelve months is around 187.33%, more than KHPI's 8.86% yield.

Position	TTM	2025	2024
HOYY GraniteShares YieldBOOST HOOD ETF	187.33%	50.51%	0.00%
KHPI Kensington Hedged Premium Income ETF	8.86%	8.90%	3.01%

Frequently Asked Questions

Can I hold both HOYY and KHPI in my portfolio?

HOYY and KHPI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOYY or KHPI?

On fees, KHPI is cheaper at 0.96% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOYY or KHPI?

KHPI is cheaper with a 0.96% expense ratio, compared with 1.07% for HOYY.

Which ETF pays a higher dividend yield, HOYY or KHPI?

HOYY has the higher dividend yield at 187.33%, compared with 8.86% for KHPI.

What is the main difference between HOYY and KHPI?

They also come from different issuers: GraniteShares and Kensington Asset Management. Their fees differ too: 1.07% for HOYY and 0.96% for KHPI.