MSTW vs. KHPI
MSTW (Roundhill MSTR WeeklyPay ETF) and KHPI (Kensington Hedged Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 0.96%/yr for KHPI.
Performance
MSTW vs. KHPI - Performance Comparison
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Returns By Period
In the year-to-date period, MSTW achieves a -16.42% return, which is significantly lower than KHPI's 5.98% return.
MSTW
- 1D
- -10.09%
- 1M
- -27.42%
- YTD
- -16.42%
- 6M
- -33.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KHPI
- 1D
- 0.11%
- 1M
- 2.91%
- YTD
- 5.98%
- 6M
- 5.50%
- 1Y
- 15.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW vs. KHPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | -16.42% | -71.42% |
KHPI Kensington Hedged Premium Income ETF | 5.98% | 4.49% |
Correlation
The correlation between MSTW and KHPI is 0.44, 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 | 0.44 |
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Return for Risk
MSTW vs. KHPI — Risk / Return Rank
MSTW
KHPI
MSTW vs. KHPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) 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.
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Sharpe Ratios by Period
| MSTW | KHPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.92 | 1.32 | -2.24 |
Drawdowns
MSTW vs. KHPI - Drawdown Comparison
The maximum MSTW drawdown since its inception was -81.85%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for MSTW and KHPI.
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Drawdown Indicators
| MSTW | KHPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.85% | -10.58% | -71.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.55% | — |
Current DrawdownCurrent decline from peak | -76.11% | 0.00% | -76.11% |
Average DrawdownAverage peak-to-trough decline | -54.38% | -1.23% | -53.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.39% | — |
Volatility
MSTW vs. KHPI - Volatility Comparison
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Volatility by Period
| MSTW | KHPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.79% | 7.22% | +81.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.79% | 9.61% | +79.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.79% | 9.61% | +79.18% |
MSTW vs. KHPI - Expense Ratio Comparison
MSTW has a 0.99% expense ratio, which is higher than KHPI's 0.96% expense ratio.
Dividends
MSTW vs. KHPI - Dividend Comparison
MSTW's dividend yield for the trailing twelve months is around 219.17%, more than KHPI's 8.82% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KHPI Kensington Hedged Premium Income ETF | 8.82% | 8.90% | 3.01% |
MSTW Roundhill MSTR WeeklyPay ETF | 219.17% | 106.94% | 0.00% |
Frequently Asked Questions
MSTW and KHPI have a correlation of 0.44, 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 MSTW.
MSTW has the higher dividend yield at 219.17%, compared with 8.82% for KHPI.
They also come from different issuers: Roundhill and Kensington Asset Management. Their fees differ too: 0.99% for MSTW and 0.96% for KHPI.
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