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 0.26 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 -41.87% return, which is significantly lower than KHPI's 4.52% return.
RBLY
- 1D
- 0.36%
- 1M
- -2.49%
- YTD
- -41.87%
- 6M
- -41.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KHPI
- 1D
- -0.69%
- 1M
- -0.18%
- YTD
- 4.52%
- 6M
- 4.13%
- 1Y
- 12.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RBLY vs. KHPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RBLY YieldMax RBLX Option Income Strategy ETF | -41.87% | -26.39% |
KHPI Kensington Hedged Premium Income ETF | 4.52% | 4.37% |
Correlation
The correlation between RBLY and KHPI is 0.26, 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 29, 2025 | 0.26 |
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Return for Risk
RBLY vs. KHPI — Risk / Return Rank
RBLY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RBLY | KHPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.95 | — |
| Martin ratioReturn relative to average drawdown | — | 8.96 | — |
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Drawdowns
RBLY vs. KHPI - Drawdown Comparison
The maximum RBLY drawdown since its inception was -66.96%, 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 | -66.96% | -10.58% | -56.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.55% | — |
Current DrawdownCurrent decline from peak | -63.07% | -1.37% | -61.70% |
Average DrawdownAverage peak-to-trough decline | -34.71% | -1.23% | -33.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.42% | — |
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 | — | 2.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.90% | 7.60% | +45.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.90% | 9.67% | +43.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.90% | 9.67% | +43.23% |
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 128.08%, more than KHPI's 8.94% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KHPI Kensington Hedged Premium Income ETF | 8.94% | 8.90% | 3.01% |
RBLY YieldMax RBLX Option Income Strategy ETF | 128.08% | 36.84% | 0.00% |
Frequently Asked Questions
RBLY and KHPI have a correlation of 0.26, 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 128.08%, compared with 8.94% 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.
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