KHPIvsOVLETF Comparison
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Kensington Hedged Premium Income ETF (KHPI) and Overlay Shares Large Cap Equity ETF (OVL) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. KHPI is more expensive with a Total Expense Ratio (TER) of 0.96%, versus 0.79% for OVL. KHPI is up 2.69% year-to-date (YTD) with +$97M in YTD flows. OVL performs better with 6.99% YTD performance, and +$26M in YTD flows. Run a side-by-side ETF comparison of KHPI and OVL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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KHPI vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KHPI OVL | +7.66%+13.53% | +1.68%+4.40% | +2.69%+6.99% | +18.25%+36.73% | n/a+87.12% | n/a+84.04% |
| Flows | KHPI OVL | +$18M+$34M | +$67M+$27M | +$97M+$26M | +$235M-$12M | --$7M | -+$14M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KHPI OVL | +9.12%+17.20% | +7.04%+14.34% | n/a+17.07% | n/a+18.95% |
| Max drawdown | KHPI OVL | -6.36%-8.71% | -6.36%-8.71% | n/a-21.55% | n/a-28.68% |
| Max drawdown duration | KHPI OVL | 50d47d | 50d47d | n/a133d | n/a745d |
Trading data
KHPI | OVL | |
Last sale 4/27/2026 at 1:30 PM | $25.76 | $55.47 |
| Previous close 04/27/2026 | $25.77 | $55.40 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
KHPI | OVL | |
|---|---|---|
| Last price | $25.76 | $55.47 |
| 1D performance | -0.06% | +0.13% |
| AuM | $361.72 M | $215.09 M |
| E/R | 0.96% | 0.79% |
Characteristics
KHPI | OVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Kensington Asset Management | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 3, 2024 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
KHPI
USA
95.48%
Other
4.52%
OVL
USA
96.79%
Other
3.21%
Sectors
KHPI
Information Techn.
33.46%
Financials
10.11%
Communication Ser.
10.1%
Consumer Discreti.
9.88%
Health Care
9.2%
Industrials
8.21%
Other
19.04%
OVL
Information Techn.
33.91%
Financials
10.25%
Communication Ser.
10.23%
Consumer Discreti.
10.02%
Health Care
9.32%
Industrials
8.33%
Other
17.93%
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Diversification
KHPI
Total weight of top 15 holdings out of 15
41.85%
OVL
Total weight of top 15 holdings out of 15
42.43%
Top 15 holdings
Data as of March 31, 2026
KHPI
NVIDIA
7.48%
APPLE
6.57%
MICROSOFT-T
4.85%
AMAZON.COM INC
3.59%
ALPHABET INC-CL
2.95%
BROADCOM LIMITED
2.59%
ALPHABET INC-CL
2.37%
META PLATFORMS
2.21%
TESLA
1.84%
BERKSHIRE HATHWAY
1.55%
JPMORGAN CHASE
1.32%
LILLY
1.29%
EXXON
1.25%
JOHNSON&JOHNSON
1.04%
WALMART INC
0.96%
OVL
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.92%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.34%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about KHPI and OVL
How have the KHPI and OVL ETFs performed in 2026?
As of April 27, 2026, KHPI is up 2.69% year-to-date (YTD), while OVL has returned 6.99%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: KHPI or OVL?
Year-to-date, the KHPI ETF saw +$97M in flows, compared to +$26M for OVL.
Which ETF is more volatile: KHPI or OVL?
Over the past year, KHPI had a volatility of 7.04%, while OVL experienced 14.34%.
Which ETF is bigger: KHPI or OVL?
As of April 27, 2026, KHPI holds $361.72 M in assets under management (AUM), while OVL manages $215.09 M.
What sectors do the KHPI and OVL ETFs invest in?
KHPI leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, OVL focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the KHPI ETF and OVL ETF?
KHPI top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: KHPI or OVL?
KHPI holds 503 securities with 41.85% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.43%.
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