KHPIvsTSPYETF Comparison
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Kensington Hedged Premium Income ETF (KHPI) and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. KHPI is more expensive with a Total Expense Ratio (TER) of 0.96%, versus 0.71% for TSPY. KHPI is up 5.85% year-to-date (YTD) with +$146M in YTD flows. TSPY performs better with 7.3% YTD performance, and +$132M in YTD flows. Run a side-by-side ETF comparison of KHPI and TSPY 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 TSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KHPI TSPY | +0.78%+0.05% | +3.37%+4.08% | +5.85%+7.30% | +10.60%+16.73% | n/an/a | n/an/a |
| Flows | KHPI TSPY | +$8M+$21M | +$48M+$42M | +$146M+$132M | +$253M+$252M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KHPI TSPY | +7.07%+12.64% | +6.90%+12.55% | n/an/a | n/an/a |
| Max drawdown | KHPI TSPY | -2.78%-4.47% | -6.36%-9.44% | n/an/a | n/an/a |
| Max drawdown duration | KHPI TSPY | 37d56d | 50d73d | n/an/a | n/an/a |
Trading data
KHPI | TSPY | |
Last sale 7/29/2026 at 1:30 PM | $25.81 | $24.74 |
| Previous close 07/28/2026 | $25.97 | $25.25 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
KHPI | TSPY | |
|---|---|---|
| Last price | $25.81 | $24.74 |
| 1D performance | -0.62% | -2.02% |
| AuM | $413.08 M | $300.41 M |
| E/R | 0.96% | 0.71% |
Characteristics
KHPI | TSPY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Kensington Asset Management | TappAlpha |
| Benchmark | - | - |
| N° of holdings | 496 | 496 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 3, 2024 | August 14, 2024 |
| ESG | No | No |
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Exposure
Countries
KHPI
USA
95.65%
Other
4.35%
TSPY
USA
96.59%
Other
3.41%
Sectors
KHPI
Technology
45.01%
Finance
12.77%
Consumer Non-Cycl.
8.62%
Healthcare
8.52%
Industrials
7.81%
Other
17.26%
TSPY
Technology
45.45%
Finance
12.89%
Consumer Non-Cycl.
8.71%
Healthcare
8.61%
Industrials
7.89%
Other
16.45%
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Diversification
KHPI
Total weight of top 15 holdings out of 15
42.29%
TSPY
Total weight of top 15 holdings out of 15
42.7%
Top 15 holdings
Data as of June 30, 2026
KHPI
NVIDIA Corp.
7.38%
Apple, Inc.
6.47%
Microsoft Corp.
4.22%
Amazon.com, Inc.
3.55%
Alphabet, Inc.
3.19%
Broadcom Inc.
2.72%
Alphabet, Inc.
2.54%
Micron Technology, Inc.
1.98%
Meta Platforms, Inc.
1.88%
Tesla, Inc.
1.80%
Eli Lilly & Co.
1.45%
Advanced Micro Devices, Inc.
1.44%
Berkshire Hathaway, Inc.
1.40%
JPMorgan Chase & Co.
1.23%
Intel Corp.
1.01%
TSPY
NVIDIA Corp.
7.45%
Apple, Inc.
6.54%
Microsoft Corp.
4.26%
Amazon.com, Inc.
3.59%
Alphabet, Inc.
3.22%
Broadcom Inc.
2.75%
Alphabet, Inc.
2.57%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.82%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.46%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.25%
Intel Corp.
1.01%
Frequently asked questions about KHPI and TSPY
How have the KHPI and TSPY ETFs performed in 2026?
As of July 28, 2026, KHPI is up 5.85% year-to-date (YTD), while TSPY has returned 7.3%. That puts TSPY better performer ahead so far this year.
Which ETF is attracting more investor money: KHPI or TSPY?
Year-to-date, the KHPI ETF saw +$146M in flows, compared to +$132M for TSPY.
Which ETF is more volatile: KHPI or TSPY?
Over the past year, KHPI had a volatility of 6.9%, while TSPY experienced 12.55%.
Which ETF is bigger: KHPI or TSPY?
As of July 28, 2026, KHPI holds $413.08 M in assets under management (AUM), while TSPY manages $300.41 M.
What sectors do the KHPI and TSPY ETFs invest in?
KHPI leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, TSPY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the KHPI ETF and TSPY ETF?
KHPI top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. TSPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: KHPI or TSPY?
KHPI holds 503 securities with 42.29% of its assets in the top 15. TSPY has 503 securities and a top 15 weight of 42.7%.
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