LFGY vs. KHPI

Last updated Jun 5, 2026

LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and KHPI (Kensington Hedged Premium Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, LFGY returned 8.63% vs 14.92% for KHPI. A 0.58 correlation means they provide meaningful diversification when combined. LFGY charges 0.99%/yr vs 0.96%/yr for KHPI.

Performance

LFGY vs. KHPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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, LFGY achieves a 17.68% return, which is significantly higher than KHPI's 5.69% return.

LFGY

• 1D: 0.00%
• 1M: 2.32%
• YTD: 17.68%
• 6M: 7.03%
• 1Y: 8.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KHPI

• 1D: 0.23%
• 1M: 2.28%
• YTD: 5.69%
• 6M: 4.86%
• 1Y: 14.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LFGY vs. KHPI - Yearly Performance Comparison

	2026 (YTD)	2025
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	17.68%	-8.18%
KHPI Kensington Hedged Premium Income ETF	5.69%	11.32%

Correlation

The correlation between LFGY and KHPI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.58

The correlation between LFGY and KHPI has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

Return for Risk

LFGY vs. KHPI — Risk / Return Rank

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

LFGY

LFGY Risk / Return Rank: 13
LFGY Sharpe Ratio Rank: 13
LFGY Sortino Ratio Rank: 14
LFGY Omega Ratio Rank: 14
LFGY Calmar Ratio Rank: 12
LFGY Martin Ratio Rank: 12

KHPI

KHPI Risk / Return Rank: 60
KHPI Sharpe Ratio Rank: 63
KHPI Sortino Ratio Rank: 66
KHPI Omega Ratio Rank: 65
KHPI Calmar Ratio Rank: 47
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.

LFGY vs. KHPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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.

	LFGY	KHPI	Difference
Sharpe ratio: Return per unit of total volatility	0.23	2.07	-1.84
Sortino ratio: Return per unit of downside risk	0.57	2.99	-2.42
Omega ratio: Gain probability vs. loss probability	1.07	1.38	-0.31
Calmar ratio: Return relative to maximum drawdown	0.24	2.29	-2.05
Martin ratio: Return relative to average drawdown	0.53	10.77	-10.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LFGY vs. KHPI - Sharpe Ratio Comparison

The current LFGY Sharpe Ratio is 0.23, which is lower than the KHPI Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of LFGY and KHPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LFGY	KHPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	2.07	-1.84
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	1.29	-1.16

Drawdowns

LFGY vs. KHPI - Drawdown Comparison

The maximum LFGY drawdown since its inception was -35.94%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for LFGY and KHPI.

Drawdown Indicators

	LFGY	KHPI	Difference
Max Drawdown Largest peak-to-trough decline	-35.94%	-10.58%	-25.36%
Max Drawdown (1Y) Largest decline over 1 year	-35.94%	-6.55%	-29.39%
Current Drawdown Current decline from peak	-10.11%	-0.27%	-9.84%
Average Drawdown Average peak-to-trough decline	-14.06%	-1.23%	-12.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.43%	1.39%	+15.04%

Volatility

LFGY vs. KHPI - Volatility Comparison

YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 10.49% compared to Kensington Hedged Premium Income ETF (KHPI) at 2.19%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than KHPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFGY	KHPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.49%	2.19%	+8.30%
Volatility (6M) Calculated over the trailing 6-month period	30.08%	5.50%	+24.58%
Volatility (1Y) Calculated over the trailing 1-year period	37.07%	7.23%	+29.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.90%	9.60%	+32.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.90%	9.60%	+32.30%

LFGY vs. KHPI - Expense Ratio Comparison

LFGY has a 0.99% expense ratio, which is higher than KHPI's 0.96% expense ratio.

Dividends

LFGY vs. KHPI - Dividend Comparison

LFGY's dividend yield for the trailing twelve months is around 82.56%, more than KHPI's 8.84% yield.

Position	TTM	2025	2024
KHPI Kensington Hedged Premium Income ETF	8.84%	8.90%	3.01%
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	82.56%	94.90%	0.00%

Frequently Asked Questions

Can I hold both LFGY and KHPI in my portfolio?

LFGY and KHPI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFGY or KHPI?

LFGY has higher volatility (10.49%) compared to KHPI (2.19%). In terms of maximum drawdown, LFGY dropped -35.94% vs KHPI's -10.58%.

Which ETF is better, LFGY or KHPI?

On 1-year performance, KHPI leads with 14.92% vs 8.63% for LFGY. On fees, KHPI is cheaper at 0.96% per year. On volatility, KHPI has been the lower-risk option at 2.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFGY or KHPI?

Over the 1-year period, KHPI has performed better with a 14.92% return vs 8.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFGY or KHPI?

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

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

LFGY has the higher dividend yield at 82.56%, compared with 8.84% for KHPI.

What is the main difference between LFGY and KHPI?

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

Which has better risk-adjusted returns?

KHPI currently has the higher Sharpe Ratio (2.07 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.