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 0.22 correlation, their price movements are largely independent. KHPI charges 0.96%/yr vs 0.99%/yr for RBLY.
Performance
KHPI vs. RBLY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KHPI achieves a 5.45% return, which is significantly higher than RBLY's -45.56% return.
KHPI
- 1D
- -0.50%
- 1M
- 2.40%
- YTD
- 5.45%
- 6M
- 4.74%
- 1Y
- 15.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RBLY
- 1D
- -1.83%
- 1M
- -8.47%
- YTD
- -45.56%
- 6M
- -50.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KHPI vs. RBLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KHPI Kensington Hedged Premium Income ETF | 5.45% | 4.53% |
RBLY YieldMax RBLX Option Income Strategy ETF | -45.56% | -24.82% |
Correlation
The correlation between KHPI and RBLY is 0.22, 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 30, 2025 | 0.22 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KHPI vs. RBLY — Risk / Return Rank
KHPI
RBLY
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.
| KHPI | RBLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | — | — |
| Martin ratioReturn 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. | |||
Loading charts...
Sharpe Ratios by Period
| KHPI | RBLY | 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 | -1.25 | +2.53 |
Drawdowns
KHPI vs. RBLY - Drawdown Comparison
The maximum KHPI drawdown since its inception was -10.58%, smaller than the maximum RBLY drawdown of -65.81%. Use the drawdown chart below to compare losses from any high point for KHPI and RBLY.
Loading charts...
Drawdown Indicators
| KHPI | RBLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.58% | -65.81% | +55.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | — | — |
Current DrawdownCurrent decline from peak | -0.50% | -65.42% | +64.92% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -33.05% | +31.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | — | — |
Volatility
KHPI vs. RBLY - Volatility Comparison
Loading charts...
Volatility by Period
| KHPI | RBLY | 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% | 52.41% | -45.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.61% | 52.41% | -42.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.61% | 52.41% | -42.80% |
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 8.86%, less than RBLY's 127.58% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KHPI Kensington Hedged Premium Income ETF | 8.86% | 8.90% | 3.01% |
RBLY YieldMax RBLX Option Income Strategy ETF | 127.58% | 36.84% | 0.00% |
Frequently Asked Questions
KHPI and RBLY have a correlation of 0.22, 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 127.58%, compared with 8.86% 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.
Find the right allocation for KHPI and RBLY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer