Which paid more, KHPI or SPIN?

Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting price in cash and SPIN paid 5.1%, so KHPI 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 SPIN?

With every distribution reinvested, KHPI returned +9.5% and SPIN +9.3% over the year to Nov 4, 2026.

Which is cheaper, KHPI or SPIN?

KHPI charges 0.98% a year and SPIN charges 0.25%, so SPIN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

KHPI vs SPIN: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, KHPI paid 9.0% of its price in cash against SPIN’s 5.1% and the two finished level on total return.

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Net assets: $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF, and $45m on Nov 3, 2026 for State Street US Equity Premium Income ETF.

KHPI on its own →SPIN on its own →

At a glance

9.0%

KHPI cash paid, 1 year

5.1%

SPIN cash paid, 1 year

+9.5%

KHPI total return, 1 year

+9.3%

SPIN 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.

SPIN · 1 year to Nov 4, 2026 5.5 pts behind SPY

SPIN

+9.3%

SPY

+14.8%

5.5 pts behind SPY

SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPIN

+9.3%

5.1% of it arrived as cash

5.5 pts behind SPY

Total return, distributions reinvested

5.5 pts behind SPY

SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPIN

+9.3%

5.5 pts behind SPY

5.1% of it arrived as cash. Both charts share one scale, 0 to +14.8%. SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

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

Pair scorecard

SPIN costs 0.73 points a year less; their one-year returns differ by 0.2 points.

Points (pts) are percentage points.

KHPI vs SPIN: Dividend Yield & Total Return
Measure	KHPI	SPIN
Paid and earned
Measure	KHPI	SPIN
Total return, 1 year	+9.5%	+9.3%
Price change, 1 year	rose 0.1%	rose 3.9%
Return of capital, issuer estimate	100% of the Nov 2, 2026 payment	97% of the Nov 5, 2026 payment
Against its benchmark
Measure	KHPI	SPIN
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	KHPI	SPIN
Expense ratio	0.98%	0.25%
Net assets, KHPI as of Jun 30, 2026 and SPIN as of Nov 3, 2026	$401m	$45m
Holdings
Measure	KHPI	SPIN
Holdings in common	0%

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

IQ Income Score62KHPI84.1SPIN

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

SPIN 84.1

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 SPIN hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first KHPI SPIN

Only in one fund ↓

Only in KHPI

Vanguard S&P 500 ETF 100.06%

Only in SPIN

NVIDIA CORP 9.22%

MICROSOFT CORP 7.47%

APPLE INC 6.03%

AMAZON.COM INC 4.87%

ALPHABET INC CL A 4.59%

BROADCOM INC 3.37%

META PLATFORMS INC CLASS A 2.93%

ELI LILLY + CO 2.50%

Check overlap with more funds →

Side by side

KHPI Kensington Hedged Premium Income ETF · Covered call on SPY, paying monthly SPIN State Street US Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer Kensington State Street

Strategy covered call covered call

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 9.1% 5.5%

Expense ratio 0.98% 0.25%

Cash paid, 1 year 9.0% 5.1%

Price change, 1 year +0.1% +3.9%

Total return, 1 year +9.5% +9.3%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −5.3 pts −5.5 pts

Return of capital, latest estimate 100% 97%

Age 2.2 years 2.2 years

Net assets, KHPI as of Jun 30, 2026 and SPIN as of Nov 3, 2026 $401m $45m

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 SPIN: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KHPI	SPIN	KHPI	SPIN	KHPI	SPIN
3 months	+0.8%	+0.8%	2.2%	0.9%	+0.9 pts	+0.9 pts
6 months	+4.6%	+6.0%	4.5%	1.9%	−0.5 pts	+1.0 pts
1 year	+9.5%	+9.3%	9.0%	5.1%	−5.3 pts	−5.5 pts
Since launchKHPI Sep 2024 · SPIN Sep 2024	+26.2%	+30.3%	19.9%	16.0%	−17.0 pts	−12.9 pts

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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.

SPIN

Over the year to Nov 4, 2026, SPIN paid 5.1% of its starting value in cash distributions while its price rose 3.9%. With every distribution reinvested, the fund returned +9.3%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 5.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.5%, paid monthly. State Street estimates that 97% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, KHPI or SPIN?: Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting price in cash and SPIN paid 5.1%, so KHPI 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 SPIN?: With every distribution reinvested, KHPI returned +9.5% and SPIN +9.3% over the year to Nov 4, 2026.
Which is cheaper, KHPI or SPIN?: KHPI charges 0.98% a year and SPIN charges 0.25%, so SPIN is cheaper. Fees come from each fund's prospectus.

Other comparisons

KHPI vs ACKY KHPI vs OEI KHPI vs ACSP KHPI vs BIGY SPIN vs PBP SPIN vs XDTE SPIN vs ROCY SPIN vs SEPI

Where to next

S&P 500 (SPY) →KHPI on its own →SPIN on its own →KHPI dividend history →KHPI holdings →SPIN dividend history →SPIN 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 ↗

SPIN filings on SEC EDGAR ↗

SPIN prospectus with the expense ratio (SEC) ↗

SPIN 19a-1 distribution notice ↗

State Street 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.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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