QYLD vs. KHPI
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Kensington Hedged Premium Income ETF (KHPI).
QYLD and KHPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. KHPI is an actively managed fund by Kensington Asset Management. It was launched on Sep 4, 2024.
Performance
QYLD vs. KHPI - Performance Comparison
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QYLD vs. KHPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 0.61% | 9.28% | 8.71% |
KHPI Kensington Hedged Premium Income ETF | -3.02% | 11.14% | 4.29% |
Returns By Period
In the year-to-date period, QYLD achieves a 0.61% return, which is significantly higher than KHPI's -3.02% return.
QYLD
- 1D
- 0.58%
- 1M
- -1.11%
- YTD
- 0.61%
- 6M
- 7.46%
- 1Y
- 16.36%
- 3Y*
- 13.19%
- 5Y*
- 7.01%
- 10Y*
- 8.96%
KHPI
- 1D
- 0.50%
- 1M
- -4.24%
- YTD
- -3.02%
- 6M
- -0.73%
- 1Y
- 10.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QYLD vs. KHPI - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is lower than KHPI's 0.96% expense ratio.
Return for Risk
QYLD vs. KHPI — Risk / Return Rank
QYLD
KHPI
QYLD vs. KHPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) 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.
| QYLD | KHPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.97 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.46 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.70 | -0.13 |
Martin ratioReturn relative to average drawdown | 10.32 | 7.46 | +2.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QYLD | KHPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.97 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.80 | -0.24 |
Correlation
The correlation between QYLD and KHPI is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QYLD vs. KHPI - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.85%, more than KHPI's 9.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.85% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
KHPI Kensington Hedged Premium Income ETF | 9.39% | 8.90% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. KHPI - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for QYLD and KHPI.
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Drawdown Indicators
| QYLD | KHPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -10.58% | -14.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -6.55% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -1.84% | -4.71% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -1.28% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.49% | +0.16% |
Volatility
QYLD vs. KHPI - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 4.90% compared to Kensington Hedged Premium Income ETF (KHPI) at 3.26%. This indicates that QYLD'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.
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Volatility by Period
| QYLD | KHPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 3.26% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 5.28% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 10.97% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 9.78% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 9.78% | +5.73% |