DLNV vs KHPI
FT Vest US Equity Dual Directional Buffer ETF - November vs Kensington Hedged Premium Income ETF
Which is better, DLNV or KHPI?
DLNV has been ahead.
DLNV has a lower expense ratio. DLNV led over 1Y.
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 | DLNV | KHPI |
|---|---|---|
| Expense Ratio | 0.85%Best | 0.98% |
| AUM | $20M | $443M |
| Dividend Yield | 0.00% | 9.00% |
| Holdings | 12 | 7 |
| YTD Return | +8.86%Best | +0.58% |
| 1Y Return | +10.74%Best | +2.47% |
| Fund Family | First Trust Portfolios (US) | Kensington Funds |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Nov 21, 2025 | Sep 4, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
DLNV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
DLNV vs KHPI Performance
FT Vest US Equity Dual Directional Buffer ETF - November (DLNV) 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 DLNV returned +10.74% while KHPI returned +2.47%. Year to date, DLNV is up 8.86% versus a gain of 0.58% for KHPI.
Past performance does not guarantee future results.
Fees and Cost Over Time
DLNV charges 0.85% per year while KHPI charges 0.98%. On a $10,000 position that is $85 vs $98 annually, a gap of $13 per year that compounds over a long holding period. On income, DLNV currently yields 0.00% against 9.00% for KHPI.
You are not choosing between two funds in isolation.
Whichever of DLNV and KHPI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
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Frequently Asked Questions
Which is cheaper, DLNV or KHPI?
DLNV has an expense ratio of 0.85% while KHPI charges 0.98%. DLNV is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, DLNV or KHPI?
Over the past year DLNV returned +10.74% vs +2.47% for KHPI, so DLNV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which pays a higher dividend, DLNV or KHPI?
DLNV yields 0.00% while KHPI yields 9.00%, so KHPI currently pays the higher dividend yield.
Is KHPI better than DLNV?
DLNV has a lower expense ratio. DLNV led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.