NVIT vs. KHPI

Last updated Apr 1, 2026

Compare and contrast key facts about YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) and Kensington Hedged Premium Income ETF (KHPI).

NVIT and KHPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVIT is an actively managed fund by YieldMax. It was launched on Nov 17, 2025. KHPI is an actively managed fund by Kensington Asset Management. It was launched on Sep 4, 2024.

Performance

NVIT vs. KHPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) and Kensington Hedged Premium Income ETF (KHPI). The values are adjusted to include any dividend payments, if applicable.

NVIT vs. KHPI - Yearly Performance Comparison

	2026 (YTD)	2025
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF	-1.07%	3.48%
KHPI Kensington Hedged Premium Income ETF	-3.49%	1.59%

Returns By Period

In the year-to-date period, NVIT achieves a -1.07% return, which is significantly higher than KHPI's -3.49% return.

NVIT

• 1D: 4.79%
• 1M: 0.77%
• YTD: -1.07%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KHPI

• 1D: 1.47%
• 1M: -4.68%
• YTD: -3.49%
• 6M: -0.79%
• 1Y: 10.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVIT vs. KHPI - Expense Ratio Comparison

NVIT has a 1.08% expense ratio, which is higher than KHPI's 0.96% expense ratio.

NVIT

YieldMax NVDA Performance & Distribution Target 25 ETF

KHPI

Kensington Hedged Premium Income ETF

Return for Risk

NVIT vs. KHPI — Risk / Return Rank

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

KHPI

KHPI Risk / Return Rank: 61
KHPI Sharpe Ratio Rank: 54
KHPI Sortino Ratio Rank: 55
KHPI Omega Ratio Rank: 60
KHPI Calmar Ratio Rank: 64
KHPI Martin Ratio Rank: 71

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.

NVIT vs. KHPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) 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.

Sharpe Ratios by Period

	NVIT	KHPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.76	-0.53

Correlation

The correlation between NVIT and KHPI is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NVIT vs. KHPI - Dividend Comparison

NVIT's dividend yield for the trailing twelve months is around 9.08%, less than KHPI's 9.44% yield.

	TTM	2025	2024
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF	9.08%	2.37%	0.00%
KHPI Kensington Hedged Premium Income ETF	9.44%	8.90%	3.01%

Drawdowns

NVIT vs. KHPI - Drawdown Comparison

The maximum NVIT drawdown since its inception was -11.11%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for NVIT and KHPI.

Drawdown Indicators

	NVIT	KHPI	Difference
Max Drawdown Largest peak-to-trough decline	-11.11%	-10.58%	-0.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.55%	—
Current Drawdown Current decline from peak	-6.86%	-5.18%	-1.68%
Average Drawdown Average peak-to-trough decline	-2.65%	-1.27%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.46%	—

Volatility

Volatility by Period

	NVIT	KHPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.12%	10.96%	+18.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.12%	9.79%	+19.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.12%	9.79%	+19.33%