UMAYvsKHPIETF Comparison
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Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) and Kensington Hedged Premium Income ETF (KHPI) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. UMAY is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.96% for KHPI. UMAY is up 3.9% year-to-date (YTD) with +$78M in YTD flows. KHPI performs better with 6.02% YTD performance, and +$142M in YTD flows. Run a side-by-side ETF comparison of UMAY and KHPI 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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UMAY vs KHPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UMAY KHPI | +0.69%+1.02% | +1.87%+3.49% | +3.90%+6.02% | +8.12%+11.51% | +34.78%n/a | +36.35%n/a |
| Flows | UMAY KHPI | -$5M+$9M | +$80M+$55M | +$78M+$142M | +$73M+$254M | +$33M- | +$71M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UMAY KHPI | +5.63%+7.12% | +3.84%+6.87% | +7.92%n/a | +8.75%n/a |
| Max drawdown | UMAY KHPI | -1.84%-2.78% | -1.84%-6.36% | -10.44%n/a | -12.43%n/a |
| Max drawdown duration | UMAY KHPI | 30d37d | 30d50d | 86dn/a | 622dn/a |
Trading data
UMAY | KHPI | |
Last sale 7/17/2026 at 1:30 PM | $38.00 | $26.03 |
| Previous close 07/16/2026 | $38.14 | $26.07 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
UMAY | KHPI | |
|---|---|---|
| Last price | $38.00 | $26.03 |
| 1D performance | -0.37% | -0.15% |
| AuM | $138.60 M | $409.83 M |
| E/R | 0.79% | 0.96% |
Characteristics
UMAY | KHPI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | Kensington Asset Management |
| Benchmark | - | - |
| N° of holdings | 500 | 500 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2020 | September 3, 2024 |
| ESG | No | No |
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Exposure
Countries
UMAY
USA
98.82%
Other
1.18%
KHPI
USA
97.84%
Other
2.16%
Sectors
UMAY
Technology
47.45%
Finance
12.64%
Consumer Non-Cycl.
9.31%
Healthcare
8.22%
Industrials
7.69%
Other
14.7%
KHPI
Technology
46.98%
Finance
12.51%
Consumer Non-Cycl.
9.22%
Healthcare
8.13%
Industrials
7.61%
Other
15.55%
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Diversification
UMAY
Total weight of top 15 holdings out of 15
45.86%
KHPI
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of May 31, 2026
UMAY
NVIDIA Corp.
7.99%
Apple, Inc.
7.14%
Microsoft Corp.
5.21%
Amazon.com, Inc.
4.12%
Alphabet, Inc.
3.45%
Broadcom Inc.
3.30%
Alphabet, Inc.
2.74%
Meta Platforms, Inc.
2.15%
Tesla, Inc.
1.91%
Micron Technology, Inc.
1.70%
Eli Lilly & Co.
1.36%
Berkshire Hathaway, Inc.
1.36%
Advanced Micro Devices, Inc.
1.31%
JPMorgan Chase & Co.
1.17%
Exxon Mobil Corp.
0.95%
KHPI
NVIDIA Corp.
7.91%
Apple, Inc.
7.06%
Microsoft Corp.
5.16%
Amazon.com, Inc.
4.08%
Alphabet, Inc.
3.41%
Broadcom Inc.
3.27%
Alphabet, Inc.
2.71%
Meta Platforms, Inc.
2.13%
Tesla, Inc.
1.89%
Micron Technology, Inc.
1.69%
Eli Lilly & Co.
1.35%
Berkshire Hathaway, Inc.
1.34%
Advanced Micro Devices, Inc.
1.30%
JPMorgan Chase & Co.
1.16%
Exxon Mobil Corp.
0.94%
Frequently asked questions about UMAY and KHPI
How have the UMAY and KHPI ETFs performed in 2026?
As of July 17, 2026, UMAY is up 3.9% year-to-date (YTD), while KHPI has returned 6.02%. That puts KHPI better performer ahead so far this year.
Which ETF is attracting more investor money: UMAY or KHPI?
Year-to-date, the UMAY ETF saw +$78M in flows, compared to +$142M for KHPI.
Which ETF is more volatile: UMAY or KHPI?
Over the past year, UMAY had a volatility of 3.84%, while KHPI experienced 6.87%.
Which ETF is bigger: UMAY or KHPI?
As of July 17, 2026, UMAY holds $138.60 M in assets under management (AUM), while KHPI manages $409.83 M.
What sectors do the UMAY and KHPI ETFs invest in?
UMAY leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, KHPI focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the UMAY ETF and KHPI ETF?
UMAY top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. KHPI holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: UMAY or KHPI?
UMAY holds 503 securities with 45.86% of its assets in the top 15. KHPI has 503 securities and a top 15 weight of 45.4%.
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