KHPI vs. AMDW

Last updated Jun 4, 2026

KHPI (Kensington Hedged Premium Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. KHPI charges 0.96%/yr vs 0.99%/yr for AMDW.

Performance

KHPI vs. AMDW - Performance Comparison

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

Returns By Period

In the year-to-date period, KHPI achieves a 5.45% return, which is significantly lower than AMDW's 192.40% return.

KHPI

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

AMDW

• 1D: 4.91%
• 1M: 72.80%
• YTD: 192.40%
• 6M: 186.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KHPI vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
KHPI Kensington Hedged Premium Income ETF	5.45%	4.49%
AMDW Roundhill AMD WeeklyPay ETF	192.40%	34.24%

Correlation

The correlation between KHPI and AMDW is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.46

Return for Risk

KHPI vs. AMDW — 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.

KHPI vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kensington Hedged Premium Income ETF (KHPI) and Roundhill AMD WeeklyPay ETF (AMDW). 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.

	KHPI	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	2.10	—	—
Sortino ratio: Return per unit of downside risk	3.02	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.31	—	—
Martin ratio: Return relative to average drawdown	10.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KHPI	AMDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	4.83	-3.55

Drawdowns

KHPI vs. AMDW - Drawdown Comparison

The maximum KHPI drawdown since its inception was -10.58%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for KHPI and AMDW.

Drawdown Indicators

	KHPI	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-10.58%	-34.64%	+24.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	—	—
Current Drawdown Current decline from peak	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-1.23%	-14.66%	+13.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	—	—

Volatility

Volatility by Period

	KHPI	AMDW	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	7.24%	81.56%	-74.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.61%	81.56%	-71.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.61%	81.56%	-71.95%

KHPI vs. AMDW - Expense Ratio Comparison

KHPI has a 0.96% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

KHPI vs. AMDW - Dividend Comparison

KHPI's dividend yield for the trailing twelve months is around 8.86%, less than AMDW's 28.98% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	28.98%	34.78%	0.00%
KHPI Kensington Hedged Premium Income ETF	8.86%	8.90%	3.01%

Frequently Asked Questions

Can I hold both KHPI and AMDW in my portfolio?

KHPI and AMDW have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KHPI or AMDW?

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, KHPI or AMDW?

KHPI is cheaper with a 0.96% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 28.98%, compared with 8.86% for KHPI.

What is the main difference between KHPI and AMDW?

They also come from different issuers: Kensington Asset Management and Roundhill. Their fees differ too: 0.96% for KHPI and 0.99% for AMDW.