Data as of Nov 4, 2026.
KHPI vs PCOV: Dividend Yield & Total Return
KHPI and PCOV both write options for income.
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Net assets: $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF, and $10m on Nov 2, 2026 for Principal Equity Premium Income ETF.
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.Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
Total return, distributions reinvested
Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
1.9% of it arrived as cash. Both charts share one scale, with zero at the line. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PCOV costs 0.64 points a year less.
Points (pts) are percentage points.
| Measure | KHPI | PCOV |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +9.5% | not published |
| Price change | rose 0.1% (1 year) | fell 2.0% (since Aug 19, 2026) |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | not published |
| Cost and size | ||
| Expense ratio | 0.98% | 0.34% |
| Net assets, KHPI as of Jun 30, 2026 and PCOV as of Nov 2, 2026 | $401m | $10m |
| Holdings | ||
| Holdings in common | not published | |
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | KHPI | PCOV | KHPI | PCOV | KHPI | PCOV |
| 3 months | +0.8% | – | 2.2% | – | +0.9 pts | – |
| 6 months | +4.6% | – | 4.5% | – | −0.5 pts | – |
| 1 year | +9.5% | – | 9.0% | – | −5.3 pts | – |
| Since launchNot the same days: KHPI Sep 2024 · PCOV Aug 2026 | +26.2% | −0.1% | 19.9% | 1.9% | −17.0 pts | not measured |
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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.
PCOV
Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.
Questions people ask
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How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, KHPI against PCOV, data as of Nov 4, 2026. https://etfiq.com/compare/income/khpi-vs-pcov
ETFIQ. (Nov 4, 2026). KHPI against PCOV. Retrieved from https://etfiq.com/compare/income/khpi-vs-pcov
[KHPI against PCOV (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/khpi-vs-pcov)
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