HEDG vs KHPI
Equable Shares Hedged Equity ETF vs Kensington Hedged Premium Income ETF
Which is better, HEDG or KHPI?
HEDG has been ahead.
HEDG has a lower expense ratio. HEDG 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 | HEDG | KHPI |
|---|---|---|
| Expense Ratio | 0.96%Best | 0.98% |
| AUM | $465M | $443M |
| Dividend Yield | 2.78% | 9.00% |
| Holdings | 10 | 7 |
| YTD Return | +6.78%Best | +0.58% |
| 1Y Return | +10.34%Best | +2.47% |
| Volatility (annualized) | 3.6%Best | 8.8% |
| Max Drawdown | -3.9%Best | -8.1% |
| $10,000 over 1 years | $11,015Best | $10,234 |
| Fund Family | Equable Shares | Kensington Funds |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Oct 13, 2025 | Sep 4, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 13, 2025 to Oct 14, 2026 (1 years).
HEDG 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 1 years both funds cover.
HEDG vs KHPI Performance
Equable Shares Hedged Equity ETF (HEDG) is an ETF from Equable Shares and Kensington Hedged Premium Income ETF (KHPI) is an ETF from Kensington Funds. Over the past year HEDG returned +10.34% while KHPI returned +2.47%. Year to date, HEDG is up 6.78% 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 8.8% compared with 3.6% for HEDG. 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 -3.9% for HEDG and -8.1% 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEDG charges 0.96% per year while KHPI charges 0.98%. On a $10,000 position that is $96 vs $98 annually, a gap of $2 per year that compounds over a long holding period. On income, HEDG currently yields 2.78% against 9.00% for KHPI.
Holdings Overlap
We hold position weights for 10 holdings in HEDG and 1 in KHPI, totalling 104.3% 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 10 positions we hold weights for in HEDG and 1 in KHPI, against full books of 10 and 7.
What only one of them owns
Measured across the 10 and 1 positions we hold weights for.
KHPI holds 1 position HEDG does not, 100.2% of the fund.
Largest: VOO 100.22%
You are not choosing between two funds in isolation.
Whichever of HEDG 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, HEDG or KHPI?
HEDG has an expense ratio of 0.96% while KHPI charges 0.98%. HEDG is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, HEDG or KHPI?
Over the past year HEDG returned +10.34% vs +2.47% for KHPI, so HEDG leads on 1-year performance. Over the longest common window we track (1 years), HEDG annualized +10.15% vs +2.34% for KHPI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEDG or KHPI?
KHPI has been the more volatile fund at 8.8% annualized versus 3.6% for HEDG. Worst drawdown: HEDG -3.9% vs KHPI -8.1%.
Should I hold both HEDG and KHPI?
HEDG and KHPI have a monthly-return correlation of 0.86, 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, HEDG or KHPI?
HEDG yields 2.78% while KHPI yields 9.00%, so KHPI currently pays the higher dividend yield.
Is KHPI better than HEDG?
HEDG has a lower expense ratio. HEDG 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.