KHPI vs. RBLY
KHPI (Kensington Hedged Premium Income ETF) and RBLY (YieldMax RBLX Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. KHPI charges 0.96%/yr vs 0.99%/yr for RBLY.
Performance
KHPI vs. RBLY - Performance Comparison
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Returns By Period
In the year-to-date period, KHPI achieves a 5.95% return, which is significantly higher than RBLY's -34.06% return.
KHPI
- 1D
- -0.15%
- 1M
- 1.21%
- 6M
- 5.38%
- YTD
- 5.95%
- 1Y
- 11.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RBLY
- 1D
- -0.47%
- 1M
- 22.47%
- 6M
- -30.23%
- YTD
- -34.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KHPI vs. RBLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KHPI Kensington Hedged Premium Income ETF | 5.95% | 4.37% |
RBLY YieldMax RBLX Option Income Strategy ETF | -34.06% | -26.39% |
Correlation
The correlation between KHPI and RBLY is 0.26, 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 29, 2025 | 0.26 |
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Return for Risk
KHPI vs. RBLY — Risk / Return Rank
KHPI
RBLY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KHPI vs. RBLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kensington Hedged Premium Income ETF (KHPI) and YieldMax RBLX Option Income Strategy ETF (RBLY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KHPI | RBLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | — | — |
| Martin ratioReturn relative to average drawdown | 8.33 | — | — |
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Drawdowns
KHPI vs. RBLY - Drawdown Comparison
The maximum KHPI drawdown since its inception was -10.58%, smaller than the maximum RBLY drawdown of -66.96%. Use the drawdown chart below to compare losses from any high point for KHPI and RBLY.
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Drawdown Indicators
| KHPI | RBLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.58% | -66.96% | +56.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -58.11% | +57.96% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -36.04% | +34.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | — | — |
Volatility
KHPI vs. RBLY - Volatility Comparison
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Volatility by Period
| KHPI | RBLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.53% | 53.89% | -46.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.55% | 53.89% | -44.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 53.89% | -44.34% |
KHPI vs. RBLY - Expense Ratio Comparison
KHPI has a 0.96% expense ratio, which is lower than RBLY's 0.99% expense ratio.
Dividends
KHPI vs. RBLY - Dividend Comparison
KHPI's dividend yield for the trailing twelve months is around 8.90%, less than RBLY's 122.64% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KHPI Kensington Hedged Premium Income ETF | 8.90% | 8.90% | 3.01% |
RBLY YieldMax RBLX Option Income Strategy ETF | 122.64% | 36.84% | 0.00% |
Frequently Asked Questions
KHPI and RBLY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
KHPI is cheaper with a 0.96% expense ratio, compared with 0.99% for RBLY.
RBLY has the higher dividend yield at 122.64%, compared with 8.90% for KHPI.
They also come from different issuers: Kensington Asset Management and YieldMax. Their fees differ too: 0.96% for KHPI and 0.99% for RBLY.
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