BUFR vs KHPI
FT Vest Laddered Buffer ETF vs Kensington Hedged Premium Income ETF
Which is better, BUFR or KHPI?
BUFR has been ahead.
BUFR has a lower expense ratio. BUFR 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 | BUFR | KHPI |
|---|---|---|
| Expense Ratio | 0.95%Best | 0.98% |
| AUM | $10.7B | $442M |
| Dividend Yield | 0.00% | 8.98% |
| Holdings | 26 | 7 |
| YTD Return | +10.61%Best | +1.29% |
| 1Y Return | +13.80%Best | +3.06% |
| 3Y Return (annualized) | +15.42% | - |
| 5Y Return (annualized) | +10.50% | - |
| Volatility (annualized) | 6.8%Best | 8.5% |
| Max Drawdown | -12.8% | -10.6%Best |
| $10,000 over 2.1 years | $12,979Best | $11,661 |
| Fund Family | First Trust Portfolios (US) | Kensington Funds |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 10, 2020 | 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 12, 2026 (2.1 years).
BUFR 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.
BUFR vs KHPI Performance
FT Vest Laddered Buffer ETF (BUFR) 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 BUFR returned +13.80% while KHPI returned +3.06%. Year to date, BUFR is up 10.61% versus a gain of 1.29% 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 6.8% for BUFR. 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 -12.8% for BUFR 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BUFR charges 0.95% per year while KHPI charges 0.98%. On a $10,000 position that is $95 vs $98 annually, a gap of $3 per year that compounds over a long holding period. On income, BUFR currently yields 0.00% against 8.98% for KHPI.
Holdings Overlap
We hold position weights for 12 holdings in BUFR and 1 in KHPI, totalling 99.9% and 99.2% 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 12 positions we hold weights for in BUFR and 1 in KHPI, against full books of 26 and 7.
You are not choosing between two funds in isolation.
Whichever of BUFR 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, BUFR or KHPI?
BUFR has an expense ratio of 0.95% while KHPI charges 0.98%. BUFR is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, BUFR or KHPI?
Over the past year BUFR returned +13.80% vs +3.06% for KHPI, so BUFR leads on 1-year performance. Over the longest common window we track (2 years), BUFR annualized +13.22% vs +7.59% for KHPI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUFR or KHPI?
KHPI has been the more volatile fund at 8.5% annualized versus 6.8% for BUFR. Worst drawdown: BUFR -12.8% vs KHPI -10.6%.
Should I hold both BUFR and KHPI?
BUFR and KHPI 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, BUFR or KHPI?
BUFR yields 0.00% while KHPI yields 8.98%, so KHPI currently pays the higher dividend yield.
Is KHPI better than BUFR?
BUFR has a lower expense ratio. BUFR 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.