BUFT vs KHPI
FT Vest Buffered Allocation Defensive ETF vs Kensington Hedged Premium Income ETF
Which is better, BUFT or KHPI?
BUFT has been ahead.
KHPI has a lower expense ratio. BUFT led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BUFT | KHPI |
|---|---|---|
| Expense Ratio | 1.21% | 0.98%Best |
| AUM | $163M | $443M |
| Dividend Yield | 0.00% | 9.00% |
| Holdings | 16 | 7 |
| YTD Return | +7.51%Best | +0.58% |
| 1Y Return | +9.79%Best | +2.47% |
| 3Y Return (annualized) | +9.83% | - |
| 5Y Return (annualized) | +5.81% | - |
| Volatility (annualized) | 3.3%Best | 8.5% |
| Max Drawdown | -8.0%Best | -10.6% |
| $10,000 over 2.1 years | $12,016Best | $11,577 |
| Fund Family | First Trust Portfolios (US) | Kensington Funds |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Oct 26, 2021 | Sep 4, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
BUFT vs KHPI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
BUFT vs KHPI Performance
FT Vest Buffered Allocation Defensive ETF (BUFT) is an ETF from First Trust Portfolios (US) and Kensington Hedged Premium Income ETF (KHPI) is an ETF from Kensington Funds. Over the past year BUFT returned +9.79% while KHPI returned +2.47%. Year to date, BUFT is up 7.51% versus a gain of 0.58% for KHPI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KHPI has been the more volatile fund, with annualized monthly volatility of 8.5% compared with 3.3% for BUFT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.0% for BUFT and -10.6% for KHPI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BUFT charges 1.21% per year while KHPI charges 0.98%. On a $10,000 position that is $121 vs $98 annually, a gap of $23 per year that compounds over a long holding period. On income, BUFT currently yields 0.00% against 9.00% for KHPI.
Holdings Overlap
We hold position weights for 7 holdings in BUFT and 1 in KHPI, totalling 99.9% and 100.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 7 positions we hold weights for in BUFT and 1 in KHPI, against full books of 16 and 7.
You are not choosing between two funds in isolation.
Whichever of BUFT and KHPI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BUFT or KHPI?
BUFT has an expense ratio of 1.21% while KHPI charges 0.98%. KHPI is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, BUFT or KHPI?
Over the past year BUFT returned +9.79% vs +2.47% for KHPI, so BUFT leads on 1-year performance. Over the longest common window we track (2 years), BUFT annualized +9.14% vs +7.22% for KHPI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUFT or KHPI?
KHPI has been the more volatile fund at 8.5% annualized versus 3.3% for BUFT. Worst drawdown: BUFT -8.0% vs KHPI -10.6%.
Should I hold both BUFT and KHPI?
BUFT and KHPI have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BUFT or KHPI?
BUFT yields 0.00% while KHPI yields 9.00%, so KHPI currently pays the higher dividend yield.
Is KHPI better than BUFT?
KHPI has a lower expense ratio. BUFT led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.