WTPI vs. KHPI
Compare and contrast key facts about WisdomTree Equity Premium Income Fund (WTPI) and Kensington Hedged Premium Income ETF (KHPI).
WTPI and KHPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTPI is a passively managed fund by WisdomTree that tracks the performance of the Volos U.S. Large Cap Target 2.5% PutWrite Index. It was launched on Feb 24, 2016. KHPI is an actively managed fund by Kensington Asset Management. It was launched on Sep 4, 2024.
Performance
WTPI vs. KHPI - Performance Comparison
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WTPI vs. KHPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | -1.66% | 14.45% | 5.42% |
KHPI Kensington Hedged Premium Income ETF | -3.49% | 11.14% | 4.29% |
Returns By Period
In the year-to-date period, WTPI achieves a -1.66% return, which is significantly higher than KHPI's -3.49% return.
WTPI
- 1D
- 2.60%
- 1M
- -3.50%
- YTD
- -1.66%
- 6M
- 1.99%
- 1Y
- 15.64%
- 3Y*
- 13.04%
- 5Y*
- 9.37%
- 10Y*
- 7.80%
KHPI
- 1D
- 1.47%
- 1M
- -4.68%
- YTD
- -3.49%
- 6M
- -0.79%
- 1Y
- 10.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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WTPI vs. KHPI - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is lower than KHPI's 0.96% expense ratio.
Return for Risk
WTPI vs. KHPI — Risk / Return Rank
WTPI
KHPI
WTPI vs. KHPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) 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.
| WTPI | KHPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.97 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.46 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.64 | -0.01 |
Martin ratioReturn relative to average drawdown | 8.70 | 7.34 | +1.36 |
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
| WTPI | KHPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.97 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.76 | -0.16 |
Correlation
The correlation between WTPI and KHPI is 0.73, 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
WTPI vs. KHPI - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.37%, more than KHPI's 9.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 12.37% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
KHPI Kensington Hedged Premium Income ETF | 9.44% | 8.90% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WTPI vs. KHPI - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for WTPI and KHPI.
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Drawdown Indicators
| WTPI | KHPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -10.58% | -17.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -6.55% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -4.73% | -5.18% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -1.27% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.46% | +0.39% |
Volatility
WTPI vs. KHPI - Volatility Comparison
WisdomTree Equity Premium Income Fund (WTPI) has a higher volatility of 4.77% compared to Kensington Hedged Premium Income ETF (KHPI) at 3.18%. This indicates that WTPI'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
| WTPI | KHPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 3.18% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 5.25% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 10.96% | +3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 9.79% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 9.79% | +3.44% |