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Data as of Nov 4, 2026.

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Income ETFs

KHPI vs OARK: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OARK paid 33.3% of its price in cash against KHPI’s 9.0%, though KHPI returned more with it reinvested.

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Net assets: $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF, and $38m on Nov 3, 2026 for YieldMax Innovation Option Income Strategy ETF.

KHPI on its own →OARK on its own →
At a glance
9.0%
KHPI cash paid, 1 year
33.3%
OARK cash paid, 1 year
+9.5%
KHPI total return, 1 year
−2.6%
OARK total return, 1 year
KHPI · 1 year to Nov 4, 2026 5.3 pts behind SPY
KHPI
+9.5%
SPY
+14.8%

5.3 pts behind SPY

KHPI over 1 year: paid 9.0%, price +0.1%, total +9.5%, SPY +14.8%, −5.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

KHPI

+9.5%

9.0% of it arrived as cash

5.3 pts behind SPY

Total return, distributions reinvested

5.3 pts behind SPY

KHPI over 1 year: paid 9.0%, price +0.1%, total +9.5%, SPY +14.8%, −5.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

KHPI

+9.5%

5.3 pts behind SPY

9.0% of it arrived as cash. Total return, distributions reinvested. KHPI over 1 year: paid 9.0%, price +0.1%, total +9.5%, SPY +14.8%, −5.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
OARK · 1 year to Nov 4, 2026 1.1 pts ahead of ARKK
OARK
−2.6%
ARKK
−3.7%

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

Total return, distributions reinvested

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

33.3% of it arrived as cash. Both charts share one scale, with zero at the line. OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

KHPI costs 0.02 points a year less; their one-year returns differ by 12.1 points.

Points (pts) are percentage points.

KHPI vs OARK: Dividend Yield & Total Return
MeasureKHPIOARK
Paid and earned
Total return, 1 year+9.5%−2.6%
Price change, 1 yearrose 0.1%fell 36.6%
Return of capital, issuer estimate100% of the Nov 2, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYARK Innovation ETF, measured through ARKK
Cost and size
Expense ratio0.98%1.00%
Net assets, KHPI as of Jun 30, 2026 and OARK as of Nov 3, 2026$401m$38m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · KHPI scores higher How much of what it paid out did its total return cover?
IQ Income Score62KHPI15.3OARK

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

0%

By the books each fund has filed, KHPI and OARK hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first KHPI OARK
Only in one fund ↓
Only in KHPI
Vanguard S&P 500 ETF 100.06%
Only in OARK
United States Treasury Note/Bond 3.375% 09/15/2027 31.70%
United States Treasury Note/Bond 2.375% 05/15/2027 25.99%
2ARKK US 11/20/26 C85.01 FLX 1.48%
ARKK US 11/06/26 C83 0.25%
ARKK US 11/06/26 C84 0.07%
ARKK US 11/06/26 C82 -0.16%
ARKK US 11/06/26 C81 -0.68%
2ARKK US 11/20/26 P85.01 FLX -7.39%
Check overlap with more funds →

Side by side

KHPI Kensington Hedged Premium Income ETF · Covered call on SPY, paying monthly OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly
Issuer Kensington YieldMax
Strategy covered call synthetic covered call
Benchmark S&P 500 (SPY) ARK Innovation ETF (ARKK)
Pays monthly weekly
Payout rate, annualized 9.1% 31.8%
Expense ratio 0.98% 1.00%
Cash paid, 1 year 9.0% 33.3%
Price change, 1 year +0.1% −36.6%
Total return, 1 year +9.5% −2.6%
Benchmark return, 1 year +14.8% −3.7%
Ahead or behind −5.3 pts +1.1 pts
Return of capital, latest estimate 100% not published
Age 2.2 years 3.9 years
Net assets, KHPI as of Jun 30, 2026 and OARK as of Nov 3, 2026 $401m $38m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: KHPI vs OARK: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowKHPIOARKKHPIOARKKHPIOARK
3 months+0.8%+1.6%2.2%8.3%+0.9 pts−3.9 pts
6 months+4.6%−2.3%4.5%17.8%−0.5 pts−3.3 pts
1 year+9.5%−2.6%9.0%33.3%−5.3 pts+1.1 pts
3 years–+62.6%–95.8%–−36.1 pts
Since launchNot the same days: KHPI Sep 2024 · OARK Nov 2022+26.2%+47.8%19.9%90.4%−17.0 pts−75.3 pts

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About each fund
KHPI

Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +9.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 5.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.1%, paid monthly. Kensington estimates that 100% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

OARK

Over the year to Nov 4, 2026, OARK paid 33.3% of its starting value in cash distributions while its price fell 36.6%. With every distribution reinvested, the fund returned −2.6%. ARK Innovation ETF (ARKK) returned −3.7% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.8%, paid weekly.

Questions people ask

Which paid more, KHPI or OARK?
Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting price in cash and OARK paid 33.3%, so OARK paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, KHPI or OARK?
With every distribution reinvested, KHPI returned +9.5% and OARK −2.6% over the year to Nov 4, 2026.
Which is cheaper, KHPI or OARK?
KHPI charges 0.98% a year and OARK charges 1.00%, so KHPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
KHPI vs MAGYKHPI vs YQQQKHPI vs XSHPKHPI vs PCOVOARK vs OMAHOARK vs XYLDOARK vs SPYIOARK vs PBP
Where to next
S&P 500 (SPY) →ARK Innovation ETF (ARKK) →KHPI on its own →OARK on its own →KHPI dividend history →KHPI holdings →OARK dividend history →OARK holdings →Method →Standards and sources →
Sources and dates
KHPI filings on SEC EDGAR ↗
KHPI prospectus with the expense ratio (SEC) ↗
KHPI 19a-1 distribution notice ↗
Kensington website ↗
OARK filings on SEC EDGAR ↗
OARK prospectus with the expense ratio (SEC) ↗
OARK 19a-1 distribution notice ↗
YieldMax page for OARK ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, KHPI against OARK, data as of Nov 4, 2026. https://etfiq.com/compare/income/khpi-vs-oark

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.