(KHPI) Kensington Hedged Premium - Ratings and Ratios
Equity, Options, Call, Put, S&P500
Dividends
| Dividend Yield | 8.94% |
| Yield on Cost 5y | 10.37% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 100.0% |
| Payout Ratio | - |
| Risk via 10d forecast | |
|---|---|
| Volatility | 9.67% |
| Value at Risk 5%th | 16.0% |
| Relative Tail Risk | 0.24% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.54 |
| Alpha | 1.14 |
| CAGR/Max DD | 1.18 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.322 |
| Beta | 0.497 |
| Beta Downside | 0.505 |
| Drawdowns 3y | |
|---|---|
| Max DD | 10.58% |
| Mean DD | 1.25% |
| Median DD | 0.48% |
Description: KHPI Kensington Hedged Premium November 15, 2025
The Kensington Hedged Premium Income ETF (KHPI) follows the MerQube Hedged Premium Income Index methodology: it holds the Vanguard S&P 500 ETF (VOO) for full market exposure while simultaneously selling 1-month call spreads and buying 3-month put spreads on the SPDR S&P 500 ETF (SPY). This structure seeks to capture option premium income and to hedge downside risk, keeping the fund fully invested in U.S. large-cap equities but with a non-diversified, option-overlay profile.
Key metrics that investors typically watch for this type of strategy include the annualized option-premium yield (historically around 5-7% in low-volatility environments), the fund’s expense ratio (approximately 0.75% p.a.), and the prevailing level of market implied volatility (the CBOE VIX has hovered near 18-20 points in 2024, influencing both premium income and hedge costs). The fund’s performance is also sensitive to macro drivers such as Federal Reserve policy-higher rates tend to elevate equity volatility, which can boost option premiums but increase hedge costs.
If you want a deeper, data-driven look at KHPI’s risk-adjusted returns and scenario analyses, ValueRay’s analytics platform offers a useful toolbox for further research.
What is the price of KHPI shares?
Over the past week, the price has changed by -0.80%, over one month by +0.40%, over three months by +3.20% and over the past year by +10.49%.
Is KHPI a buy, sell or hold?
What are the forecasts/targets for the KHPI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 29.2 | 12.8% |
KHPI Fundamental Data Overview December 02, 2025
Beta = 0.0
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 240.8m USD (240.8m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 240.8m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 240.8m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.85% (E(240.8m)/V(240.8m) * Re(7.85%) + (debt-free company))
Discount Rate = 7.85% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for KHPI ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle