PLT vs. KHPI

Last updated Jun 3, 2026

PLT (Defiance Leveraged Long + Income PLTR ETF) and KHPI (Kensington Hedged Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. PLT charges 1.51%/yr vs 0.96%/yr for KHPI.

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.

Returns By Period

In the year-to-date period, PLT achieves a -11.99% return, which is significantly lower than KHPI's 5.98% return.

PLT

• 1D: 0.00%
• 1M: 0.00%
• YTD: -11.99%
• 6M: -7.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KHPI

• 1D: 0.11%
• 1M: 2.91%
• YTD: 5.98%
• 6M: 5.50%
• 1Y: 15.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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	5.98%	4.89%

Correlation

The correlation between PLT and KHPI is 0.27, 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 Aug 20, 2025	0.27

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: 63
KHPI Sharpe Ratio Rank: 66
KHPI Sortino Ratio Rank: 69
KHPI Omega Ratio Rank: 68
KHPI Calmar Ratio Rank: 49
KHPI Martin Ratio Rank: 64

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	—	2.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	1.32	-1.33

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%	0.00%	-38.06%
Average Drawdown Average peak-to-trough decline	-25.54%	-1.23%	-24.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.39%	—

Volatility

Volatility by Period

	PLT	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	60.83%	7.22%	+53.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.83%	9.61%	+51.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.83%	9.61%	+51.22%

PLT vs. KHPI - Expense Ratio Comparison

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

Dividends

PLT vs. KHPI - Dividend Comparison

PLT's dividend yield for the trailing twelve months is around 38.02%, more than KHPI's 8.82% yield.

Position	TTM	2025	2024
KHPI Kensington Hedged Premium Income ETF	8.82%	8.90%	3.01%
PLT Defiance Leveraged Long + Income PLTR ETF	38.02%	29.28%	0.00%

Frequently Asked Questions

Can I hold both PLT and KHPI in my portfolio?

PLT and KHPI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLT or KHPI?

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.

Which ETF is cheaper, PLT or KHPI?

KHPI is cheaper with a 0.96% expense ratio, compared with 1.51% for PLT.

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

PLT has the higher dividend yield at 38.02%, compared with 8.82% for KHPI.

What is the main difference between PLT and KHPI?

They also come from different issuers: Defiance and Kensington Asset Management. Their fees differ too: 1.51% for PLT and 0.96% for KHPI.