Which paid more, KHPI or QXQ?

Over the year to Nov 12, 2026, KHPI paid 8.9% of its starting price in cash and QXQ paid 15.1%, so QXQ 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 QXQ?

With every distribution reinvested, KHPI returned +8.9% and QXQ +12.1% over the year to Nov 12, 2026.

Which is cheaper, KHPI or QXQ?

KHPI and QXQ both charge 0.98% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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KHPI vs QXQ: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+3.2 pts

1 year to Nov 12, 2026: QXQ ahead, total return

Fee gap

0.00 pts

A year: both 0.98%, per filings dated Jan 5, 2026 and Apr 29, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

Both cost 0.98% a year; their one-year returns differ by 3.2 points.

Points (pts) are percentage points.

KHPI vs QXQ: Dividend Yield & Total Return
Measure	KHPI	QXQ
Paid and earned
Measure	KHPI	QXQ
Total return, 1 year	+8.9%	+12.1%
Price change, 1 year	fell 0.5%	fell 4.7%
Return of capital, issuer estimate	100% of the Nov 2, 2026 payment
Against its benchmark
Measure	KHPI	QXQ
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	KHPI	QXQ
Expense ratio	0.98%	0.98%
Net assets, KHPI as of Jun 30, 2026 and QXQ as of Aug 31, 2026	$401m	$82m
Holdings
Measure	KHPI	QXQ
Holdings in common	not published

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

IQ Income Score61.4KHPI52QXQ

How much of its payouts the fund's total return covered, ranked against 171 income ETFs not writing on a single company. 100 is best. How it is computed

KHPI 61.4

QXQ 52

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

Key numbers

8.9%

KHPI cash paid, 1 year

15.1%

QXQ cash paid, 1 year

+8.9%

KHPI total return, 1 year

+12.1%

QXQ total return, 1 year

KHPI · 1 year to Nov 12, 2026 3.1 pts behind SPY

KHPI

+8.9%

SPY

+12.0%

3.1 pts behind SPY

KHPI over 1 year: paid 8.9%, price −0.5%, total +8.9%, SPY +12.0%, −3.1 pts. Data to Nov 12, 2026.

SPY

+12.0%

KHPI

+8.9%

8.9% of it arrived as cash

3.1 pts behind SPY

Total return, distributions reinvested

3.1 pts behind SPY

KHPI over 1 year: paid 8.9%, price −0.5%, total +8.9%, SPY +12.0%, −3.1 pts. Data to Nov 12, 2026.

SPY

+12.0%

KHPI

+8.9%

8.9% as cash

3.1 pts behind SPY

8.9% of it arrived as cash. Total return, distributions reinvested. KHPI over 1 year: paid 8.9%, price −0.5%, total +8.9%, SPY +12.0%, −3.1 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

QXQ · 1 year to Nov 12, 2026 0.8 pts ahead of QQQ

QXQ

+12.1%

QQQ

+11.3%

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% of it arrived as cash

0.8 pts ahead of QQQ

Total return, distributions reinvested

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% as cash

0.8 pts ahead of QQQ

15.1% of it arrived as cash. Both charts share one scale, with zero at the line. QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

KHPI Kensington Hedged Premium Income ETF · Covered call on SPY, paying monthly QXQ SGI Enhanced Nasdaq-100 ETF · Covered call on QQQ, paying quarterly

Issuer Kensington SGI

Strategy covered call covered call

Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)

Pays monthly quarterly

Payout rate, annualized 9.1% 1.0%

Expense ratio 0.98% 0.98%

Cash paid, 1 year 8.9% 15.1%

Price change, 1 year −0.5% −4.7%

Total return, 1 year +8.9% +12.1%

Benchmark return, 1 year +12.0% +11.3%

Ahead or behind −3.1 pts +0.8 pts

Return of capital, latest estimate 100% not published

Age 2.2 years 2.4 years

Net assets, KHPI as of Jun 30, 2026 and QXQ as of Aug 31, 2026 $401m $82m

As of Nov 12, 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 QXQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KHPI	QXQ	KHPI	QXQ	KHPI	QXQ
3 months	0.0%	−5.4%	2.2%	0.2%	+2.4 pts	+0.5 pts
6 months	+3.2%	−3.8%	4.5%	0.5%	+1.5 pts	+0.4 pts
1 year	+8.9%	+12.1%	8.9%	15.1%	−3.1 pts	+0.8 pts
Since launchNot the same days: KHPI Sep 2024 · QXQ Jun 2024	+25.8%	+47.7%	19.9%	22.8%	−15.5 pts	+2.2 pts

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About each fund

KHPI

Over the year to Nov 12, 2026, KHPI paid 8.9% of its starting value in cash distributions while its price fell 0.5%. With every distribution reinvested, the fund returned +8.9%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was behind by 3.1 pts. At its price on Nov 12, 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.

QXQ

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting value in cash distributions while its price fell 4.7%. With every distribution reinvested, the fund returned +12.1%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 1.0%, paid quarterly.

Questions people ask

Which paid more, KHPI or QXQ?: Over the year to Nov 12, 2026, KHPI paid 8.9% of its starting price in cash and QXQ paid 15.1%, so QXQ 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 QXQ?: With every distribution reinvested, KHPI returned +8.9% and QXQ +12.1% over the year to Nov 12, 2026.
Which is cheaper, KHPI or QXQ?: KHPI and QXQ both charge 0.98% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

KHPI vs QQQY KHPI vs QYLG KHPI vs TDAQ KHPI vs CAIQ QXQ vs SPYI QXQ vs PBP QXQ vs XDTE QXQ vs ROCY

Where to next

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

QXQ filings on SEC EDGAR ↗

QXQ prospectus with the expense ratio (SEC) ↗

SGI 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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, KHPI against QXQ, data as of Nov 12, 2026. https://etfiq.com/compare/income/khpi-vs-qxq

Open data →

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

Net assets: $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF, and $82m on Aug 31, 2026 for SGI Enhanced Nasdaq-100 ETF.

KHPI on its own →QXQ on its own →

Growth of 100

KHPI and QXQ

Total return, distributions reinvested, 1 year.

KHPI +8.9%QXQ +12.1%

Nov 12, 2025Nov 12, 2026

KHPI +8.9%, QXQ +12.1%: QXQ +3.2 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.