KHPI vs XSEP
Kensington Hedged Premium Income ETF vs FT Vest US Equity Enhance & Moderate Buffer ETF - September
Which is better, KHPI or XSEP?
XSEP has been ahead.
XSEP has a lower expense ratio. XSEP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | KHPI | XSEP |
|---|---|---|
| Expense Ratio | 0.98% | 0.85%Best |
| AUM | $443M | $100M |
| Dividend Yield | 9.00% | 0.00% |
| Holdings | 7 | 12 |
| YTD Return | +0.58% | +7.30%Best |
| 1Y Return | +2.47% | +9.65%Best |
| 3Y Return (annualized) | - | +9.88% |
| Volatility (annualized) | 8.5% | 4.5%Best |
| Max Drawdown | -10.6% | -9.2%Best |
| $10,000 over 2.1 years | $11,577 | $11,917Best |
| Fund Family | Kensington Funds | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Sep 4, 2024 | Sep 21, 2022 |
Not shown on this pair: 5Y Return (annualized), 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).
KHPI vs XSEP 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.
KHPI vs XSEP Performance
Kensington Hedged Premium Income ETF (KHPI) is an ETF from Kensington Funds and FT Vest US Equity Enhance & Moderate Buffer ETF - September (XSEP) is an ETF from First Trust Portfolios (US). Over the past year KHPI returned +2.47% while XSEP returned +9.65%. Year to date, KHPI is up 0.58% versus a gain of 7.30% for XSEP.
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 4.5% for XSEP. 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 -10.6% for KHPI and -9.2% for XSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
KHPI charges 0.98% per year while XSEP charges 0.85%. On a $10,000 position that is $98 vs $85 annually, a gap of $13 per year that compounds over a long holding period. On income, KHPI currently yields 9.00% against 0.00% for XSEP.
You are not choosing between two funds in isolation.
Whichever of KHPI and XSEP 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, KHPI or XSEP?
KHPI has an expense ratio of 0.98% while XSEP charges 0.85%. XSEP is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, KHPI or XSEP?
Over the past year KHPI returned +2.47% vs +9.65% for XSEP, so XSEP leads on 1-year performance. Over the longest common window we track (2 years), KHPI annualized +7.22% vs +8.71% for XSEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KHPI or XSEP?
KHPI has been the more volatile fund at 8.5% annualized versus 4.5% for XSEP. Worst drawdown: KHPI -10.6% vs XSEP -9.2%.
Should I hold both KHPI and XSEP?
KHPI and XSEP have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, KHPI or XSEP?
KHPI yields 9.00% while XSEP yields 0.00%, so KHPI currently pays the higher dividend yield.
Is XSEP better than KHPI?
XSEP has a lower expense ratio. XSEP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.