Data as of Oct 28, 2026.
IVV vs KHPI: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to KHPI's +8.9%, and IVV charges 0.03% to KHPI's 0.98%.
askIQ about this page
askIQ about IVV and KHPI
Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF.
Pair scorecard
IVV costs 0.95 points a year less; their one-year returns differ by 4.8 points.
| Measure | IVV | KHPI |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +8.9% |
| Price change, 1 year | rose 12.4% | fell 0.5% |
| Latest payout, annualized | 8.9% | |
| Against its benchmark | ||
| What it tracks | S&P 500 | Benchmark: S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 4.7 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.98% |
| Net assets, IVV as of Oct 27, 2026 and KHPI as of Jun 30, 2026 | $885.1bn | $401m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Sep 13, 2024 to Oct 23, 2026 · 110 weekly returns · each against SPYIVV returned more: +39.0% to +24.2%. KHPI swung less: 8.8% to 14.8%. KHPI fell less at its worst: −10.5% to −16.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | KHPI | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +39.0% | +24.2% | IVV | Price change plus distributions, reinvested. | |
| Annualized | +16.8% | +10.8% | IVV | Total return as a yearly rate. | |
| Price return | +35.1% | +2.9% | IVV | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 14.8% | 8.8% | KHPI | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 9.7% | 5.7% | KHPI | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.9% | −10.5% | KHPI | Deepest fall from a high to the low after it. | |
| Upside capture | 100.9% | 42.7% | 100.0% | IVV | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.5% | 55.8% | 100.0% | KHPI | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.01 | 0.55 | 1.00 | KHPI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.85 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.85 | 0.75 | IVV | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.30 | 1.16 | IVV | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.125 | 0.119 | 0.125 | IVV (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.00 | 1.02 | KHPI (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | −0.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.05 | −0.15 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.5% to +0.5% | −5.0% to +4.3% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.22 | −0.80 | IVV | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 7.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 110 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and KHPI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
IVV and KHPI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
KHPI
Over the year to Oct 28, 2026, KHPI paid 8.8% of its starting value in cash distributions while its price fell 0.5%. With every distribution reinvested, the fund returned +8.9%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 4.7 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 8.9%, paid monthly.
Questions people ask
- Are IVV and KHPI in the same category?
- IVV is a stock ETF and KHPI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, IVV or KHPI?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and KHPI +8.9%.
- Which is cheaper, IVV or KHPI?
- IVV is cheaper, by 0.95 percentage points a year. That is about $95 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, IVV against KHPI, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-khpi
ETFIQ. (Oct 28, 2026). IVV against KHPI. Retrieved from https://etfiq.com/compare/any/ivv-vs-khpi
[IVV against KHPI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-khpi)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.