KHPI vs VTI
Kensington Hedged Premium Income ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | KHPI | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.03% | |
| AUM | $413M | $663.5B | |
| Dividend Yield | 8.96% | 1.07% | |
| Holdings | 7 | 3,543 | |
| YTD Return | +2.96% | +14.96% | |
| 1Y Return | +6.56% | +22.39% | |
| 3Y Return (annualized) | - | +21.51% | |
| 5Y Return (annualized) | - | +12.36% | |
| Volatility (annualized) | 8.9% | 15.4% | |
| Max Drawdown | -10.6% | -56.6% | |
| Fund Family | Kensington Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 4, 2024 | May 24, 2001 |
KHPI vs VTI Performance
Kensington Hedged Premium Income ETF (KHPI) is a ETF from Kensington Funds and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year KHPI returned +6.56% while VTI returned +22.39%. Year to date, KHPI is up 2.96% versus a gain of 14.96% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -56.6% for VTI. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
KHPI charges 0.98% per year while VTI charges 0.03%. On a $10,000 position that is $98 vs $3 annually, a gap of $95 per year that compounds over a long holding period. On income, KHPI currently yields 8.96% against 1.07% for VTI.
Holdings Overlap
KHPI and VTI share 0 holdings out of 2784 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 VTI?
KHPI has an expense ratio of 0.98% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, KHPI or VTI?
Over the past year KHPI returned +6.56% vs +22.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), KHPI annualized +9.18% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, KHPI or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 8.9% for KHPI. Worst drawdown: KHPI -10.6% vs VTI -56.6%.
Should I hold both KHPI and VTI?
KHPI and VTI have a monthly-return correlation of 0.93, 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 KHPI and VTI?
KHPI and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2784 unique securities.
Which pays a higher dividend, KHPI or VTI?
KHPI yields 8.96% while VTI yields 1.07%, so KHPI currently pays the higher dividend yield.
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