Kensington Hedged Premium Income ETF (KHPI) Performance
KHPI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.5% since Dec 31, 2025
- 1 year
- +9.6% total return
- Since first price
- +25.8% since 2024
KHPI trailing returns vs SPY, QQQ, AGG
| Period | KHPI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.6% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +0.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.1% | +1.4% | +7.8% | +8.4% | −1.5% |
| YTD | +8.5% | +1.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.6% | +0.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 5, 2024 | +25.8% | +4.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KHPI vs SPY
From Sep 5, 2024: KHPI grew to $12,579, SPY to $14,190.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KHPI returns by calendar year
1 of 1 full years positive. Best 2025 (+11.1%), worst 2025 (+11.1%). 2026 is year to date.
KHPI annual returns table
| Year | KHPI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.5% | −6.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.1% | −10.6% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KHPI largest drawdowns
Now 0.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2025 | −10.6% | Apr 4, 2025 | Jun 12, 2025 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KHPI risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +10.5% |
| Volatility (annualized) | 8.5% |
| Sharpe ratio | 0.76 |
| Sortino ratio | 1.25 |
| Best month | +6.5% |
| Worst month | −4.7% |
| Best 12 months | +17.7% |
| Worst 12 months | +10.3% |
| Positive months | 75% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KHPI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | +8.9% | +11.2% | +17.7% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
KHPI performance overview
Kensington Hedged Premium Income ETF (KHPI) returned +9.6% over the past year, with distributions reinvested. Since its first recorded price on Sep 5, 2024 it has returned +25.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −10.6%, from Jan 23, 2025 to Apr 4, 2025, and it took 2 months to get back to the old high. Volatility has been 8.5% a year.
Related: KHPI chart, KHPI dividends. See the KHPI overview for the latest quote and fund facts.
KHPI performance FAQ
What is the KHPI return over the past year?
KHPI returned +9.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.2%.
How much would $10,000 invested in KHPI be worth?
$10,000 invested in KHPI at its first recorded close on September 5, 2024 would be worth about $12,579 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of KHPI?
The largest peak-to-trough decline was −10.6% between January 23, 2025 and April 4, 2025. It recovered to the old high on June 12, 2025, 2 months after the bottom.
How volatile is KHPI?
Over the past history KHPI had an annualized volatility of 8.5% and a Sharpe ratio of 0.76 (excess return over 1–3 month T-bills per unit of risk).