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Data as of Nov 4, 2026.

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Income ETFs

KHPI vs QLDY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QLDY paid 35.3% of its price in cash against KHPI’s 9.0% and the two finished level on total return.

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askIQ about KHPI and QLDY

Net assets: $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF, and $53m on Nov 3, 2026 for Defiance Nasdaq 100 LightningSpread Income ETF.

KHPI on its own →QLDY on its own →
At a glance
9.0%
KHPI cash paid, 1 year
35.3%
QLDY cash paid, 1 year
+9.5%
KHPI total return, 1 year
+9.1%
QLDY 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.
QLDY · 1 year to Nov 4, 2026 3.2 pts behind QQQ
QLDY
+9.1%
QQQ
+12.3%

3.2 pts behind QQQ

QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QLDY

+9.1%

35.3% of it arrived as cash

3.2 pts behind QQQ

Total return, distributions reinvested

3.2 pts behind QQQ

QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QLDY

+9.1%

35.3% cash

3.2 pts behind QQQ

35.3% of it arrived as cash. Both charts share one scale, with zero at the line. QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

KHPI costs 0.06 points a year less; their one-year returns differ by 0.4 points.

Points (pts) are percentage points.

KHPI vs QLDY: Dividend Yield & Total Return
MeasureKHPIQLDY
Paid and earned
Total return, 1 year+9.5%+9.1%
Price change, 1 yearrose 0.1%fell 27.2%
Return of capital, issuer estimate100% of the Nov 2, 2026 payment0% of the Nov 2, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYNasdaq-100, measured through QQQ
Cost and size
Expense ratio0.98%1.04%
Net assets, KHPI as of Jun 30, 2026 and QLDY as of Nov 3, 2026$401m$53m
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 Score62KHPI24.9QLDY

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 QLDY 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 QLDY
Only in one fund ↓
Only in KHPI
Vanguard S&P 500 ETF 100.06%
Only in QLDY
Ndx 12/18/2026 2001.44 C 92.84%
United States Treasury Note/bond 2.375% 05/15/2027 0.49%
Exchange Put Opt 11/26 28320 0.15%
Xnd 12/18/2026 10.44 C 0.05%
Nasdaq-1 Put Opt 11/26 28470 -0.24%
Check overlap with more funds →

Side by side

KHPI Kensington Hedged Premium Income ETF · Covered call on SPY, paying monthly QLDY Defiance Nasdaq 100 LightningSpread Income ETF · Option income on QQQ, paying weekly
Issuer Kensington Defiance
Strategy covered call option income
Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)
Pays monthly weekly
Payout rate, annualized 9.1% 19.7%
Expense ratio 0.98% 1.04%
Cash paid, 1 year 9.0% 35.3%
Price change, 1 year +0.1% −27.2%
Total return, 1 year +9.5% +9.1%
Benchmark return, 1 year +14.8% +12.3%
Ahead or behind −5.3 pts −3.2 pts
Return of capital, latest estimate 100% 0%
Age 2.2 years 1.1 years
Net assets, KHPI as of Jun 30, 2026 and QLDY as of Nov 3, 2026 $401m $53m

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 QLDY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowKHPIQLDYKHPIQLDYKHPIQLDY
3 months+0.8%−4.5%2.2%9.5%+0.9 pts−1.1 pts
6 months+4.6%−3.1%4.5%18.5%−0.5 pts−2.8 pts
1 year+9.5%+9.1%9.0%35.3%−5.3 pts−3.2 pts
Since launchNot the same days: KHPI Sep 2024 · QLDY Sep 2025+26.2%+13.2%19.9%39.1%−17.0 pts−3.7 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.

QLDY

Over the year to Nov 4, 2026, QLDY paid 35.3% of its starting value in cash distributions while its price fell 27.2%. With every distribution reinvested, the fund returned +9.1%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 3.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 19.7%, paid weekly. Defiance estimates that 0% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, KHPI or QLDY?
Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting price in cash and QLDY paid 35.3%, so QLDY 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 QLDY?
With every distribution reinvested, KHPI returned +9.5% and QLDY +9.1% over the year to Nov 4, 2026.
Which is cheaper, KHPI or QLDY?
KHPI charges 0.98% a year and QLDY charges 1.04%, so KHPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
KHPI vs QDTYKHPI vs QDTEKHPI vs QYLDKHPI vs QQQIQLDY vs PBPQLDY vs XDTEQLDY vs ROCYQLDY vs SEPI
Where to next
S&P 500 (SPY) →Nasdaq-100 (QQQ) →KHPI on its own →QLDY on its own →KHPI dividend history →KHPI holdings →QLDY dividend history →QLDY 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 ↗
QLDY filings on SEC EDGAR ↗
QLDY prospectus with the expense ratio (SEC) ↗
QLDY 19a-1 distribution notice ↗
Defiance page for QLDY ↗

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.

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

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