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Data as of Nov 4, 2026.

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Income ETFs

KHPI vs SPUT: 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 SPUT’s 4.8%, though SPUT returned more with it reinvested.

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Net assets: $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF, and $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.

KHPI on its own →SPUT on its own →
At a glance
9.0%
KHPI cash paid, 1 year
4.8%
SPUT cash paid, 1 year
+9.5%
KHPI total return, 1 year
+10.7%
SPUT 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.
SPUT · 1 year to Nov 4, 2026 4.1 pts behind SPY
SPUT
+10.7%
SPY
+14.8%

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.8% of it arrived as cash

4.1 pts behind SPY

Total return, distributions reinvested

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.1 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, 0 to +14.8%. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

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

Pair scorecard

SPUT costs 0.19 points a year less; their one-year returns differ by 1.2 points.

Points (pts) are percentage points.

KHPI vs SPUT: Dividend Yield & Total Return
MeasureKHPISPUT
Paid and earned
Total return, 1 year+9.5%+10.7%
Price change, 1 yearrose 0.1%rose 5.7%
Return of capital, issuer estimate100% of the Nov 2, 2026 payment58% of the Nov 2, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYS&P 500, measured through SPY
Cost and size
Expense ratio0.98%0.79%
Net assets, KHPI as of Jun 30, 2026 and SPUT as of Nov 4, 2026$401m$17m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · SPUT scores higher How much of what it paid out did its total return cover?
IQ Income Score62KHPI88.9SPUT

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

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

0%

By the books each fund has filed, KHPI and SPUT hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first KHPI SPUT
Only in one fund ↓
Only in KHPI
Vanguard S&P 500 ETF 100.06%
Only in SPUT
NVIDIA Corp 3.71%
Apple Inc 3.50%
Microsoft Corp 2.70%
Amazon.com Inc 2.06%
Alphabet Inc 1.64%
Broadcom Inc 1.43%
Alphabet Inc 1.43%
Meta Platforms Inc 0.97%
Check overlap with more funds →

Side by side

KHPI Kensington Hedged Premium Income ETF · Covered call on SPY, paying monthly SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly
Issuer Kensington Innovator
Strategy covered call put-selling overlay
Benchmark S&P 500 (SPY) S&P 500 (SPY)
Pays monthly monthly
Payout rate, annualized 9.1% 3.6%
Expense ratio 0.98% 0.79%
Cash paid, 1 year 9.0% 4.8%
Price change, 1 year +0.1% +5.7%
Total return, 1 year +9.5% +10.7%
Benchmark return, 1 year +14.8% +14.8%
Ahead or behind −5.3 pts −4.1 pts
Return of capital, latest estimate 100% 58%
Age 2.2 years 1.6 years
Net assets, KHPI as of Jun 30, 2026 and SPUT as of Nov 4, 2026 $401m $17m

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 SPUT: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowKHPISPUTKHPISPUTKHPISPUT
3 months+0.8%+0.9%2.2%1.0%+0.9 pts+1.0 pts
6 months+4.6%+3.4%4.5%1.9%−0.5 pts−1.6 pts
1 year+9.5%+10.7%9.0%4.8%−5.3 pts−4.0 pts
Since launchNot the same days: KHPI Sep 2024 · SPUT Mar 2025+26.2%+23.3%19.9%9.1%−17.0 pts−15.6 pts

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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.

SPUT

Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, KHPI or SPUT?
Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting price in cash and SPUT paid 4.8%, 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 SPUT?
With every distribution reinvested, KHPI returned +9.5% and SPUT +10.7% over the year to Nov 4, 2026.
Which is cheaper, KHPI or SPUT?
KHPI charges 0.98% a year and SPUT charges 0.79%, so SPUT is cheaper. Fees come from each fund's prospectus.
Other comparisons
KHPI vs SPINKHPI vs NLSIKHPI vs TPRYKHPI vs DUBSSPUT vs DUBSSPUT vs PBPSPUT vs XDTESPUT vs ROCY
Where to next
S&P 500 (SPY) →KHPI on its own →SPUT on its own →KHPI dividend history →KHPI holdings →SPUT dividend history →SPUT 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 ↗
SPUT filings on SEC EDGAR ↗
SPUT prospectus with the expense ratio (SEC) ↗
SPUT 19a-1 distribution notice ↗
Innovator page for SPUT ↗

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

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