KHPI vs VTI
Kensington Hedged Premium Income ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, KHPI or VTI?
Option Writing against Large Cap Blend.
VTI has a lower expense ratio. VTI 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 | KHPI | VTI |
|---|---|---|
| Expense Ratio | 0.98% | 0.03%Best |
| AUM | $426M | $666.9B |
| Dividend Yield | 8.95% | 1.03% |
| Holdings | 7 | 3,543 |
| YTD Return | -0.08% | +11.06%Best |
| 1Y Return | +2.28% | +15.41%Best |
| 3Y Return (annualized) | - | +20.48% |
| 5Y Return (annualized) | - | +11.52% |
| Volatility (annualized) | 8.7%Best | 13.1% |
| Max Drawdown | -10.6%Best | -19.3% |
| $10,000 over 2 years | $11,481 | $13,974Best |
| Fund Family | Kensington Funds | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Sep 4, 2024 | May 24, 2001 |
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).
KHPI vs VTI 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.
KHPI vs VTI Performance
Kensington Hedged Premium Income ETF (KHPI) is an ETF from Kensington Funds and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year KHPI returned +2.28% while VTI returned +15.41%. Year to date, KHPI is down 0.08% versus a gain of 11.06% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 13.1% 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 -10.6% for KHPI and -19.3% for VTI. 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
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 8.95% against 1.03% for VTI.
Holdings Overlap
We hold position weights for 1 holding in KHPI and 3,463 in VTI, totalling 100.0% and 98.1% 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 1 positions we hold weights for in KHPI and 3,463 in VTI, against full books of 7 and 3,543.
You are not choosing between two funds in isolation.
Whichever of KHPI and VTI 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, KHPI or VTI?
KHPI has an expense ratio of 0.98% while VTI charges 0.03%. VTI is the cheaper option, by $95 a year on a $10,000 investment.
Which performed better, KHPI or VTI?
Over the past year KHPI returned +2.28% vs +15.41% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), KHPI annualized +7.15% vs +18.21% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KHPI or VTI?
VTI has been the more volatile fund at 13.1% annualized versus 8.7% for KHPI. Worst drawdown: KHPI -10.6% vs VTI -19.3%.
Should I hold both KHPI and VTI?
KHPI and VTI 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, KHPI or VTI?
KHPI yields 8.95% while VTI yields 1.03%, so KHPI currently pays the higher dividend yield.
Is VTI better than KHPI?
VTI has a lower expense ratio. VTI 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.