Data as of Nov 4, 2026.
KHPI vs QYLD: Dividend Yield & Total Return
Over the year to Nov 4, 2026, QYLD paid 12.3% 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 $8.5bn on Oct 12, 2026 for Global X NASDAQ 100 Covered Call 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, 2026.4.2 pts ahead of QQQ
QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QYLD
+16.5%
12.3% of it arrived as cash
4.2 pts ahead of QQQ
Total return, distributions reinvested
4.2 pts ahead of QQQ
QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QYLD
+16.5%
12.3% as cash
4.2 pts ahead of QQQ
12.3% of it arrived as cash. Both charts share one scale, 0 to +16.5%. QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +16.5%. Data to Nov 4, 2026.Pair scorecard
QYLD costs 0.38 points a year less; their one-year returns differ by 7.0 points.
Points (pts) are percentage points.
| Measure | KHPI | QYLD |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +9.5% | +16.5% |
| Price change, 1 year | rose 0.1% | rose 3.3% |
| Return of capital, issuer estimate | 100% of the Nov 2, 2026 payment | 99% of the Sep 24, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.98% | 0.60% |
| Net assets, KHPI as of Jun 30, 2026 and QYLD as of Oct 12, 2026 | $401m | $8.5bn |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
Risk and return
Sep 13, 2024 to Oct 30, 2026 · 111 weekly returnsEach against its own benchmark: KHPI against SPY, Sep 13, 2024 to Oct 30, 2026; QYLD against QQQ, Dec 20, 2013 to Oct 30, 2026.
From Sep 2024 to Oct 2026, QYLD returned more: +29.8% to +23.8%. KHPI swung less: 8.8% to 11.7%. KHPI fell less at its worst: −10.5% to −17.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | KHPI | QYLD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +23.8% | +29.8% | QYLD | Price change plus distributions, reinvested. |
| Annualized | +10.5% | +13.0% | QYLD | Total return as a yearly rate. |
| Price return | +1.9% | −0.7% | KHPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 8.8% | 11.7% | KHPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 5.7% | 8.5% | KHPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −10.5% | −17.5% | KHPI | Deepest fall from a high to the low after it. |
| Upside capture | 42.7% | 37.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 55.8% | 64.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.55 | 0.55 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.85 | 0.77 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.72 | 0.75 | QYLD (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.12 | 1.04 | KHPI (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.115 | 0.127 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.00 | 0.74 | KHPI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | QQQ | The ETF each fund is measured against. | |
| Alpha | −0.3% a year | −2.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.15 | −1.37 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −5.0% to +4.3% | −5.5% to +1.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.78 | −0.93 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.4% | 10.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 111 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, KHPI and QYLD hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
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 | QYLD | KHPI | QYLD | KHPI | QYLD |
| 3 months | +0.8% | +2.4% | 2.2% | 3.0% | +0.9 pts | +5.9 pts |
| 6 months | +4.6% | +5.4% | 4.5% | 6.0% | −0.5 pts | +5.8 pts |
| 1 year | +9.5% | +16.5% | 9.0% | 12.3% | −5.3 pts | +4.2 pts |
| 3 years | – | +52.7% | – | 37.9% | – | −38.6 pts |
| Since launchNot the same days: KHPI Sep 2024 · QYLD Dec 2013 | +26.2% | +194.8% | 19.9% | 117.5% | −17.0 pts | −610.5 pts |
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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.
QYLD
Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting value in cash distributions while its price rose 3.3%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 99% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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 QYLD, data as of Nov 4, 2026. https://etfiq.com/compare/income/khpi-vs-qyld
ETFIQ. (Nov 4, 2026). KHPI against QYLD. Retrieved from https://etfiq.com/compare/income/khpi-vs-qyld
[KHPI against QYLD (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/khpi-vs-qyld)
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