PLT vs. KHPI

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Leveraged Long + Income PLTR ETF (PLT) and Kensington Hedged Premium Income ETF (KHPI).

PLT and KHPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PLT is an actively managed fund by Defiance. It was launched on Aug 18, 2025. KHPI is an actively managed fund by Kensington Asset Management. It was launched on Sep 4, 2024.

Performance

PLT vs. KHPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Leveraged Long + Income PLTR ETF (PLT) and Kensington Hedged Premium Income ETF (KHPI). The values are adjusted to include any dividend payments, if applicable.

PLT vs. KHPI - Yearly Performance Comparison

	2026 (YTD)	2025
PLT Defiance Leveraged Long + Income PLTR ETF	-11.99%	13.15%
KHPI Kensington Hedged Premium Income ETF	-3.49%	4.89%

Returns By Period

In the year-to-date period, PLT achieves a -11.99% return, which is significantly lower than KHPI's -3.49% return.

PLT

• 1D: 0.00%
• 1M: 0.00%
• YTD: -11.99%
• 6M: -22.31%
• 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)

PLT vs. KHPI - Expense Ratio Comparison

PLT has a 1.51% expense ratio, which is higher than KHPI's 0.96% expense ratio.

PLT

Defiance Leveraged Long + Income PLTR ETF

KHPI

Kensington Hedged Premium Income ETF

Return for Risk

PLT 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.

PLT vs. KHPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income PLTR ETF (PLT) 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

	PLT	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	-0.01	0.76	-0.77

Correlation

The correlation between PLT and KHPI is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PLT vs. KHPI - Dividend Comparison

PLT's dividend yield for the trailing twelve months is around 38.02%, more than KHPI's 9.44% yield.

	TTM	2025	2024
PLT Defiance Leveraged Long + Income PLTR ETF	38.02%	29.28%	0.00%
KHPI Kensington Hedged Premium Income ETF	9.44%	8.90%	3.01%

Drawdowns

PLT vs. KHPI - Drawdown Comparison

The maximum PLT drawdown since its inception was -43.74%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for PLT and KHPI.

Drawdown Indicators

	PLT	KHPI	Difference
Max Drawdown Largest peak-to-trough decline	-43.74%	-10.58%	-33.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.55%	—
Current Drawdown Current decline from peak	-38.06%	-5.18%	-32.88%
Average Drawdown Average peak-to-trough decline	-21.80%	-1.27%	-20.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.46%	—

Volatility

Volatility by Period

	PLT	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	69.38%	10.96%	+58.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.38%	9.79%	+59.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.38%	9.79%	+59.59%