Which is cheaper, KHPI or RECI?

KHPI charges 0.98% a year and RECI charges 0.30%, so RECI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

KHPI vs RECI: Dividend Yield & Total Return

KHPI and RECI both write options for income.

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Net assets: $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF, beside Columbia Research Enhanced Core Premium Income ETF.

KHPI on its own →RECI on its own →

At a glance

9.0%

KHPI cash paid, 1 year

1.5%

RECI cash paid, since launch, Jul 14, 2026

+9.5%

KHPI total return, 1 year

+3.7%

RECI total return, since launch, Jul 14, 2026

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.

RECI · since launch to Nov 4, 2026 Not measured

RECI

+3.7%

none

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

Total return, distributions reinvested

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

1.5% of it arrived as cash. Both charts share one scale, 0 to +14.8%. RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

RECI costs 0.68 points a year less.

Points (pts) are percentage points.

KHPI vs RECI: Dividend Yield & Total Return
Measure	KHPI	RECI
Paid and earned
Measure	KHPI	RECI
Total return, 1 year	+9.5%	not published
Price change	rose 0.1% (1 year)	rose 2.1% (since Jul 14, 2026)
Return of capital, issuer estimate	100% of the Nov 2, 2026 payment	78% of the Oct 5, 2026 payment
Against its benchmark
Measure	KHPI	RECI
Benchmark	S&P 500, measured through SPY	not published
Cost and size
Measure	KHPI	RECI
Expense ratio	0.98%	0.30%
Net assets	$401m	not read by ETFIQ
Holdings
Measure	KHPI	RECI
Holdings in common	not published

Method

Side by side

KHPI Kensington Hedged Premium Income ETF · Covered call on SPY, paying monthly RECI Columbia Research Enhanced Core Premium Income ETF · Covered call, paying monthly

Issuer Kensington Columbia

Strategy covered call covered call

Benchmark S&P 500 (SPY) none

Pays monthly monthly

Payout rate, annualized 9.1% 8.0%

Expense ratio 0.98% 0.30%

Cash paid, 1 year 9.0% 1.5% (since launch, Jul 14, 2026)

Price change, 1 year +0.1% +2.1% (since launch, Jul 14, 2026)

Total return, 1 year +9.5% +3.7% (since launch, Jul 14, 2026)

Benchmark return, 1 year +14.8% not published

Ahead or behind −5.3 pts not available

Return of capital, latest estimate 100% 78%

Age 2.2 years 113 days

Net assets $401m not read by ETFIQ

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 RECI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KHPI	RECI	KHPI	RECI	KHPI	RECI
3 months	+0.8%	+3.5%	2.2%	1.5%	+0.9 pts	not measured
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 · RECI Jul 2026	+26.2%	+3.7%	19.9%	1.5%	−17.0 pts	not measured

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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.

RECI

Over the period from its first trade on Jul 14, 2026 to Nov 4, 2026, RECI paid 1.5% of its starting value in cash distributions while its price rose 2.1%. With every distribution reinvested, the fund returned +3.7%. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. Columbia estimates that 78% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, KHPI or RECI?: KHPI charges 0.98% a year and RECI charges 0.30%, so RECI is cheaper. Fees come from each fund's prospectus.

Other comparisons

KHPI vs CDPI KHPI vs QQDH KHPI vs RDVI KHPI vs TMGN RECI vs PBP RECI vs XDTE RECI vs ROCY RECI vs SEPI

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →KHPI on its own →RECI on its own →KHPI dividend history →KHPI holdings →RECI 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 ↗

RECI filings on SEC EDGAR ↗

RECI prospectus with the expense ratio (SEC) ↗

RECI 19a-1 distribution notice ↗

Columbia website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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