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ETFs

GraniteShares HIPS US High Income ETF

HIPS
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jan 6, 2015
Expense Ratio
2.88%
Type
US Diversified
Fund Owner
GraniteShares
Volume (1m avg. daily)
$204,527
AUM
$57,330,859
Associated Index
EQM High Income Pass-Through securities Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with HIPS
Trade HIPS Options

What is HIPS?

The GraniteShares HIPS US High Income ETF seeks to track the performance, before fees and expenses, of the EQM High Income Pass-Through Securities Index. HIPS provides a simple and diversified exposure to 4 alternative income categories - MLPs, REITs, BDCs and Closed-end funds. HIPS pays a monthly distribution providing a regular and steady source of income. The Fund tracked the TFMS HIPS Index until March 15, 2023.

1M
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YTD
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3Y
Max
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HIPS
Performance Measures**

for the time period Dec 18, 2017 to Dec 4, 2025

Returns

1M Trailing Return: 3.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -0.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -53.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 19.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.32

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.08

The annualized return divided by the max drawdown for the selected time period.

ETFs related toHIPS

ETFs correlated to HIPS include IWS, KBWD, DON

HIPS
GraniteShares Gold Trust - GraniteShares HIPS US High Income ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial ETF
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
DIV
Global X Funds - Global X SuperDividend U.S. ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

HIPS is a US Diversified ETF. The GraniteShares HIPS US High Income ETF seeks to track the performance, before fees and expenses, of the EQM High Income Pass-Through Securities Index. HIPS provides a simple and diversified exposure to 4 alternative income categories - MLPs, REITs, BDCs and Closed-end funds. HIPS pays a monthly distribution providing a regular and steady source of income. The Fund tracked the TFMS HIPS Index until March 15, 2023.

HIPS tracks the EQM High Income Pass-Through securities Index.

No, HIPS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HIPS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HIPS is 0.0169%. This is the percent change in the value of HIPS over the most recent 1-month period. The 3-month return on HIPS is 0.0634%. This is the percent change in the value of HIPS over the most recent 3-month period.

The standard deviation of HIPS for the past year is 0.1525%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HIPS include AOR, DRSK, and FPEI.

ETFs correlated to HIPS include IWS, KBWD, and DON.

ETFs that are inversely correlated to HIPS include RWM, SRTY, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.