SLTY vs. KHPI
SLTY (YieldMax Ultra Short Option Income Strategy ETF) and KHPI (Kensington Hedged Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.54, they often move in opposite directions. SLTY charges 1.24%/yr vs 0.96%/yr for KHPI.
Performance
SLTY vs. KHPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLTY achieves a -6.01% return, which is significantly lower than KHPI's 5.45% return.
SLTY
- 1D
- 0.65%
- 1M
- -1.73%
- YTD
- -6.01%
- 6M
- -5.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KHPI
- 1D
- -0.50%
- 1M
- 2.40%
- YTD
- 5.45%
- 6M
- 4.74%
- 1Y
- 15.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLTY vs. KHPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | -6.01% | -12.17% |
KHPI Kensington Hedged Premium Income ETF | 5.45% | 4.81% |
Correlation
The correlation between SLTY and KHPI is -0.54, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | -0.54 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLTY vs. KHPI — Risk / Return Rank
SLTY
KHPI
SLTY vs. KHPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) 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.
Loading charts...
Sharpe Ratios by Period
| SLTY | 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 | -1.19 | 1.28 | -2.47 |
Drawdowns
SLTY vs. KHPI - Drawdown Comparison
The maximum SLTY drawdown since its inception was -20.88%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for SLTY and KHPI.
Loading charts...
Drawdown Indicators
| SLTY | KHPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.88% | -10.58% | -10.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.55% | — |
Current DrawdownCurrent decline from peak | -17.45% | -0.50% | -16.95% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -1.23% | -12.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.39% | — |
Volatility
SLTY vs. KHPI - Volatility Comparison
Loading charts...
Volatility by Period
| SLTY | 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 | 18.42% | 7.24% | +11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 9.61% | +8.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 9.61% | +8.81% |
SLTY vs. KHPI - Expense Ratio Comparison
SLTY has a 1.24% expense ratio, which is higher than KHPI's 0.96% expense ratio.
Dividends
SLTY vs. KHPI - Dividend Comparison
SLTY's dividend yield for the trailing twelve months is around 74.24%, more than KHPI's 8.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KHPI Kensington Hedged Premium Income ETF | 8.86% | 8.90% | 3.01% |
SLTY YieldMax Ultra Short Option Income Strategy ETF | 74.24% | 29.68% | 0.00% |
Frequently Asked Questions
SLTY and KHPI have a correlation of -0.54, 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 1.24% for SLTY.
SLTY has the higher dividend yield at 74.24%, compared with 8.86% for KHPI.
They also come from different issuers: YieldMax and Kensington Asset Management. Their fees differ too: 1.24% for SLTY and 0.96% for KHPI.
Find the right allocation for SLTY and KHPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer