KHPI vs SCHD
KHPI vs SCHD
Kensington Hedged Premium Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | KHPI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.06% | |
| AUM | $413M | $103.7B | |
| Dividend Yield | 8.96% | 3.31% | |
| Holdings | 7 | 104 | |
| YTD Return | +2.57% | +24.26% | |
| 1Y Return | +6.98% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 8.9% | 13.6% | |
| Max Drawdown | -10.6% | -33.4% | |
| Fund Family | Kensington Funds | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Sep 4, 2024 | Oct 20, 2011 |
KHPI vs SCHD Performance
Kensington Hedged Premium Income ETF (KHPI) is a ETF from Kensington Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year KHPI returned +6.98% while SCHD returned +31.38%. Year to date, KHPI is up 2.57% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -10.6% for KHPI and -33.4% for SCHD. 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KHPI charges 0.98% per year while SCHD charges 0.06%. On a $10,000 position that is $98 vs $6 annually, a gap of $92 per year that compounds over a long holding period. On income, KHPI currently yields 8.96% against 3.31% for SCHD.
Holdings Overlap
KHPI and SCHD share 0 holdings out of 101 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, KHPI or SCHD?
KHPI has an expense ratio of 0.98% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, KHPI or SCHD?
Over the past year KHPI returned +6.98% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), KHPI annualized +9.05% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, KHPI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 8.9% for KHPI. Worst drawdown: KHPI -10.6% vs SCHD -33.4%.
Should I hold both KHPI and SCHD?
KHPI and SCHD have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KHPI and SCHD?
KHPI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, KHPI or SCHD?
KHPI yields 8.96% while SCHD yields 3.31%, so KHPI currently pays the higher dividend yield.
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