IVV vs KHPI
iShares Core S&P 500 ETF vs Kensington Hedged Premium Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | KHPI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.98% | |
| AUM | $907.0B | $428M | |
| Dividend Yield | 1.10% | 8.95% | |
| Holdings | 508 | 7 | |
| YTD Return | +12.28% | +1.21% | |
| 1Y Return | +20.94% | +5.01% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 8.9% | |
| Max Drawdown | -56.5% | -10.6% | |
| Fund Family | iShares by BlackRock (US) | Kensington Funds | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Sep 4, 2024 |
IVV vs KHPI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Kensington Hedged Premium Income ETF (KHPI) is a ETF from Kensington Funds. Over the past year IVV returned +20.94% while KHPI returned +5.01%. Year to date, IVV is up 12.28% versus a gain of 1.21% for KHPI.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.9% 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 -56.5% for IVV and -10.6% for KHPI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.94. 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 1.10% against 8.95% for KHPI.
Holdings Overlap
IVV and KHPI share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $95 per year of difference.
Which performed better, IVV or KHPI?
Over the past year IVV returned +20.94% vs +5.01% for KHPI, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs +8.13% for KHPI. Past performance does not guarantee future results.
Which is riskier, IVV or KHPI?
IVV has been the more volatile fund at 15.1% annualized versus 8.9% for KHPI. Worst drawdown: IVV -56.5% vs KHPI -10.6%.
Should I hold both IVV and KHPI?
IVV and KHPI have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and KHPI?
IVV and KHPI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or KHPI?
IVV yields 1.10% while KHPI yields 8.95%, so KHPI currently pays the higher dividend yield.
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