Which paid more, KHPI or QQQY?

Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting price in cash and QQQY paid 29.9%, so QQQY 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 QQQY?

With every distribution reinvested, KHPI returned +9.5% and QQQY +13.6% over the year to Nov 4, 2026.

Which is cheaper, KHPI or QQQY?

KHPI charges 0.98% a year and QQQY charges 1.01%, so KHPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

KHPI vs QQQY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QQQY paid 29.9% 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 $178m on Nov 3, 2026 for Defiance Nasdaq 100 Weekly Distribution ETF.

KHPI on its own →QQQY on its own →

At a glance

9.0%

KHPI cash paid, 1 year

29.9%

QQQY cash paid, 1 year

+9.5%

KHPI total return, 1 year

+13.6%

QQQY 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.

QQQY · 1 year to Nov 4, 2026 1.3 pts ahead of QQQ

QQQY

+13.6%

QQQ

+12.3%

1.3 pts ahead of QQQ

QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QQQY

+13.6%

29.9% of it arrived as cash

1.3 pts ahead of QQQ

Total return, distributions reinvested

1.3 pts ahead of QQQ

QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QQQY

+13.6%

29.9% as cash

1.3 pts ahead of QQQ

29.9% of it arrived as cash. Both charts share one scale, with zero at the line. QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

KHPI costs 0.03 points a year less; their one-year returns differ by 4.1 points.

Points (pts) are percentage points.

KHPI vs QQQY: Dividend Yield & Total Return
Measure	KHPI	QQQY
Paid and earned
Measure	KHPI	QQQY
Total return, 1 year	+9.5%	+13.6%
Price change, 1 year	rose 0.1%	fell 17.8%
Return of capital, issuer estimate	100% of the Nov 2, 2026 payment	81% of the Oct 30, 2026 payment
Against its benchmark
Measure	KHPI	QQQY
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	KHPI	QQQY
Expense ratio	0.98%	1.01%
Net assets, KHPI as of Jun 30, 2026 and QQQY as of Nov 3, 2026	$401m	$178m
Holdings
Measure	KHPI	QQQY
Holdings in common	0%

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

IQ Income Score62KHPI33.8QQQY

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

QQQY 33.8

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 QQQY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first KHPI QQQY

Only in one fund ↓

Only in KHPI

Vanguard S&P 500 ETF 100.06%

Only in QQQY

Ndx 12/18/2026 1000.34 C 98.45%

Ndx 11/05/2026 28516.79 C 0.38%

Ndx 11/05/2026 28437.17 C -0.51%

Check overlap with more funds →

Side by side

KHPI Kensington Hedged Premium Income ETF · Covered call on SPY, paying monthly QQQY Defiance Nasdaq 100 Weekly Distribution 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% 31.5%

Expense ratio 0.98% 1.01%

Cash paid, 1 year 9.0% 29.9%

Price change, 1 year +0.1% −17.8%

Total return, 1 year +9.5% +13.6%

Benchmark return, 1 year +14.8% +12.3%

Ahead or behind −5.3 pts +1.3 pts

Return of capital, latest estimate 100% 81%

Age 2.2 years 3.1 years

Net assets, KHPI as of Jun 30, 2026 and QQQY as of Nov 3, 2026 $401m $178m

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 QQQY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KHPI	QQQY	KHPI	QQQY	KHPI	QQQY
3 months	+0.8%	−3.5%	2.2%	7.3%	+0.9 pts	−0.1 pts
6 months	+4.6%	+0.4%	4.5%	15.4%	−0.5 pts	+0.7 pts
1 year	+9.5%	+13.6%	9.0%	29.9%	−5.3 pts	+1.3 pts
3 years	–	+51.9%	–	88.2%	–	−39.4 pts
Since launchNot the same days: KHPI Sep 2024 · QQQY Sep 2023	+26.2%	+49.8%	19.9%	88.1%	−17.0 pts	−37.0 pts

– means no data for this window. Open this comparison in the app →

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.

QQQY

Over the year to Nov 4, 2026, QQQY paid 29.9% of its starting value in cash distributions while its price fell 17.8%. With every distribution reinvested, the fund returned +13.6%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.5%, paid weekly. Defiance estimates that 81% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, KHPI or QQQY?: Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting price in cash and QQQY paid 29.9%, so QQQY 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 QQQY?: With every distribution reinvested, KHPI returned +9.5% and QQQY +13.6% over the year to Nov 4, 2026.
Which is cheaper, KHPI or QQQY?: KHPI charges 0.98% a year and QQQY charges 1.01%, so KHPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

KHPI vs QRMI KHPI vs KIQQ KHPI vs QQQI KHPI vs QYLG QQQY vs PBP QQQY vs XDTE QQQY vs ROCY QQQY vs SEPI

Where to next

S&P 500 (SPY) →Nasdaq-100 (QQQ) →KHPI on its own →QQQY on its own →KHPI dividend history →KHPI holdings →QQQY dividend history →QQQY 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 ↗

QQQY filings on SEC EDGAR ↗

QQQY prospectus with the expense ratio (SEC) ↗

QQQY 19a-1 distribution notice ↗

Defiance page for QQQY ↗

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

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