RBLY vs. KHPI
RBLY (YieldMax RBLX Option Income Strategy ETF) and KHPI (Kensington Hedged Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. RBLY charges 0.99%/yr vs 0.96%/yr for KHPI.
Performance
RBLY vs. KHPI - Performance Comparison
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Returns By Period
In the year-to-date period, RBLY achieves a -45.56% return, which is significantly lower than KHPI's 5.45% return.
RBLY
- 1D
- -1.83%
- 1M
- -8.47%
- YTD
- -45.56%
- 6M
- -50.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KHPI
- 1D
- -0.50%
- 1M
- 2.40%
- YTD
- 5.45%
- 6M
- 4.74%
- 1Y
- 15.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RBLY vs. KHPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RBLY YieldMax RBLX Option Income Strategy ETF | -45.56% | -24.82% |
KHPI Kensington Hedged Premium Income ETF | 5.45% | 4.53% |
Correlation
The correlation between RBLY and KHPI is 0.22, 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 30, 2025 | 0.22 |
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Return for Risk
RBLY vs. KHPI — Risk / Return Rank
RBLY
KHPI
RBLY vs. KHPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax RBLX Option Income Strategy ETF (RBLY) 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
| RBLY | KHPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.25 | 1.28 | -2.53 |
Drawdowns
RBLY vs. KHPI - Drawdown Comparison
The maximum RBLY drawdown since its inception was -65.81%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for RBLY and KHPI.
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Drawdown Indicators
| RBLY | KHPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.81% | -10.58% | -55.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.55% | — |
Current DrawdownCurrent decline from peak | -65.42% | -0.50% | -64.92% |
Average DrawdownAverage peak-to-trough decline | -33.05% | -1.23% | -31.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.39% | — |
Volatility
RBLY vs. KHPI - Volatility Comparison
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Volatility by Period
| RBLY | KHPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.41% | 7.24% | +45.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.41% | 9.61% | +42.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.41% | 9.61% | +42.80% |
RBLY vs. KHPI - Expense Ratio Comparison
RBLY has a 0.99% expense ratio, which is higher than KHPI's 0.96% expense ratio.
Dividends
RBLY vs. KHPI - Dividend Comparison
RBLY's dividend yield for the trailing twelve months is around 127.58%, more than KHPI's 8.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KHPI Kensington Hedged Premium Income ETF | 8.86% | 8.90% | 3.01% |
RBLY YieldMax RBLX Option Income Strategy ETF | 127.58% | 36.84% | 0.00% |
Frequently Asked Questions
RBLY and KHPI have a correlation of 0.22, 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 RBLY.
RBLY has the higher dividend yield at 127.58%, compared with 8.86% for KHPI.
They also come from different issuers: YieldMax and Kensington Asset Management. Their fees differ too: 0.99% for RBLY and 0.96% for KHPI.
Find the right allocation for RBLY and KHPI
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