IVV vs KHPI
iShares Core S&P 500 ETF vs Kensington Hedged Premium Income ETF
Which is better, IVV or KHPI?
Large Cap Blend against Option Writing.
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | IVV | KHPI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.98% |
| AUM | $876.4B | $426M |
| Dividend Yield | 1.06% | 8.95% |
| Holdings | 508 | 7 |
| YTD Return | +11.03%Best | -0.08% |
| 1Y Return | +15.62%Best | +2.28% |
| 3Y Return (annualized) | +20.81% | - |
| 5Y Return (annualized) | +12.61% | - |
| Volatility (annualized) | 12.8% | 8.7%Best |
| Max Drawdown | -18.8% | -10.6%Best |
| $10,000 over 2 years | $14,002Best | $11,481 |
| Fund Family | iShares by BlackRock (US) | Kensington Funds |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | May 15, 2000 | Sep 4, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 5, 2024 to Sep 16, 2026 (2 years).
IVV 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 years both funds cover.
IVV vs KHPI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Kensington Hedged Premium Income ETF (KHPI) is an ETF from Kensington Funds. Over the past year IVV returned +15.62% while KHPI returned +2.28%. Year to date, IVV is up 11.03% versus a loss of 0.08% for KHPI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 8.7% for KHPI. 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 -18.8% for IVV 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while KHPI charges 0.98%. On a $10,000 position that is $3 vs $98 annually, a gap of $95 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 8.95% for KHPI.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 1 in KHPI, totalling 99.3% and 100.0% 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 490 positions we hold weights for in IVV and 1 in KHPI, against full books of 508 and 7.
You are not choosing between two funds in isolation.
Whichever of IVV 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, IVV or KHPI?
IVV has an expense ratio of 0.03% while KHPI charges 0.98%. IVV is the cheaper option, by $95 a year on a $10,000 investment.
Which performed better, IVV or KHPI?
Over the past year IVV returned +15.62% vs +2.28% for KHPI, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +18.33% vs +7.15% for KHPI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KHPI?
IVV has been the more volatile fund at 12.8% annualized versus 8.7% for KHPI. Worst drawdown: IVV -18.8% vs KHPI -10.6%.
Should I hold both IVV and KHPI?
IVV and KHPI have a monthly-return correlation of 0.93, 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, IVV or KHPI?
IVV yields 1.06% while KHPI yields 8.95%, so KHPI currently pays the higher dividend yield.
Is KHPI better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.