Which paid more, KHPI or OEI?

Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?

With every distribution reinvested, KHPI returned +9.5% and OEI +12.9% over the year to Nov 4, 2026.

Which is cheaper, KHPI or OEI?

KHPI charges 0.98% a year and OEI charges 1.02%, so KHPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

KHPI vs OEI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OEI paid 9.2% of its price in cash against KHPI’s 9.0%, and returned more with it reinvested.

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Net assets: $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF, and $46m on Jul 31, 2026 for Optimized Equity Income ETF.

KHPI on its own →OEI on its own →

At a glance

9.0%

KHPI cash paid, 1 year

9.2%

OEI cash paid, 1 year

+9.5%

KHPI total return, 1 year

+12.9%

OEI 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%

9.0% cash

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.

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Both charts share one scale, 0 to +14.8%. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

KHPI costs 0.04 points a year less; their one-year returns differ by 3.4 points.

Points (pts) are percentage points.

KHPI vs OEI: Dividend Yield & Total Return
Measure	KHPI	OEI
Paid and earned
Measure	KHPI	OEI
Total return, 1 year	+9.5%	+12.9%
Price change, 1 year	rose 0.1%	rose 3.0%
Return of capital, issuer estimate	100% of the Nov 2, 2026 payment
Against its benchmark
Measure	KHPI	OEI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	KHPI	OEI
Expense ratio	0.98%	1.02%
Net assets, KHPI as of Jun 30, 2026 and OEI as of Jul 31, 2026	$401m	$46m
Holdings
Measure	KHPI	OEI
Holdings in common	0%

ETFIQ Distribution Coverage Score · OEI scores higher How much of what it paid out did its total return cover?

IQ Income Score62KHPI75.7OEI

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

KHPI 62

OEI 75.7

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

By the books each fund has filed, KHPI and OEI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first KHPI OEI

Only in one fund ↓

Only in KHPI

Vanguard S&P 500 ETF 100.06%

Only in OEI

NVIDIA Corp 8.22%

Microsoft Corp 5.93%

Amazon.com Inc 4.51%

Apple Inc 4.23%

Alphabet Inc 3.44%

Broadcom Inc 3.01%

Alphabet Inc 2.76%

Micron Technology Inc 2.54%

Check overlap with more funds →

Side by side

KHPI Kensington Hedged Premium Income ETF · Covered call on SPY, paying monthly OEI Optimized Equity Income ETF · Option income on SPY, paying monthly

Issuer Kensington Core Alternative

Strategy covered call option income

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 9.1% 9.6%

Expense ratio 0.98% 1.02%

Cash paid, 1 year 9.0% 9.2%

Price change, 1 year +0.1% +3.0%

Total return, 1 year +9.5% +12.9%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −5.3 pts −1.9 pts

Return of capital, latest estimate 100% not published

Age 2.2 years 1.0 years

Net assets, KHPI as of Jun 30, 2026 and OEI as of Jul 31, 2026 $401m $46m

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 OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KHPI	OEI	KHPI	OEI	KHPI	OEI
3 months	+0.8%	+3.3%	2.2%	2.4%	+0.9 pts	+3.4 pts
6 months	+4.6%	+6.3%	4.5%	4.7%	−0.5 pts	+1.3 pts
1 year	+9.5%	+12.9%	9.0%	9.2%	−5.3 pts	−1.9 pts
Since launchNot the same days: KHPI Sep 2024 · OEI Oct 2025	+26.2%	+15.0%	19.9%	9.4%	−17.0 pts	−1.1 pts

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Alert

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.

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

Questions people ask

Which paid more, KHPI or OEI?: Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?: With every distribution reinvested, KHPI returned +9.5% and OEI +12.9% over the year to Nov 4, 2026.
Which is cheaper, KHPI or OEI?: KHPI charges 0.98% a year and OEI charges 1.02%, so KHPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

KHPI vs XSPI KHPI vs SEPI KHPI vs XDTE KHPI vs PBP OEI vs BALI OEI vs PBP OEI vs XDTE OEI vs ROCY

Where to next

S&P 500 (SPY) →KHPI on its own →OEI on its own →KHPI dividend history →KHPI holdings →OEI dividend history →OEI 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 ↗

OEI filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

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 OEI, data as of Nov 4, 2026. https://etfiq.com/compare/income/khpi-vs-oei

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