GraniteShares HIPS US High Income ETF
$11.23−0.08 (−0.75%)
- Expense ratio
- 1.17%
- Fund size
- $120M
- 1Y return
- +5.4%
- Yield · Last 12 months
- 11.41%
- Holdings
- 41
- Volume · 30D
- 0.1M sh
- NAV per share
- $11.33
- 52W range
The ETF.net HIPS Grade
Score 34 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 11Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 21Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 73Category rank
Our read on HIPS
DHIPS shops in a corner most index funds skip: a roughly 40-name basket of US pass-through securities, screened for lower volatility, paying out monthly. Income mandate first, cheap beta second.
The fund passively seeks to track, before fees and expenses, the EQM High Income Pass-Through Securities Index, using replication or representative sampling of its components.
Why people hold it
- One ticket to the pass-through corner of the US market: it tracks the EQM High Income Pass-Through Securities Index instead of a plain-vanilla stock benchmark.graniteshares.com
- Distributions land monthly, which matches how income spenders actually budget.
- Rules first: passive replication or sampling of the index, with a volatility screen written into the methodology rather than left to a manager's discretion.graniteshares.com
- Live since 2015, so this is a seasoned niche product with a decade-plus track record, not a fresh launch chasing a theme.
Worth knowing
- Cost is the headline trade-off: 1.17% a year against a 0.45% median for index trackers in its peer group, one of the steepest fees among them.
- Concentrated by design: about 40 yield-heavy names, so a single holding or sector stumble carries far more weight than in a broad market fund.
- Smaller and only moderately traded next to mainstream index funds, which can mean wider bid-ask spreads at the moment you place an order.
HIPS Holdings
- Stocks
- 41
- 31%
- DMLP
Sectors
- Energy35.1%
- Financials33.7%
- Real Estate27.2%
- Materials4.0%
- Communication0.0%
- Technology0.0%
Geography
- United States100.00%
HIPS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HIPS |
|---|---|
| Year to date | +4.2% |
| 1 month | −3.3% |
| 3 months | +2.3% |
| 1 year | +5.4% |
| 3 years | +8.6% |
| 5 years | +4.3% |
| 10 years | +4.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HIPS |
|---|---|---|
| 2026 YTD | +4.2% | |
| 2025 | +1.0% | |
| 2024 | +13.7% | |
| 2023 | +16.1% | |
| 2022 | −13.4% | |
| 2021 | +21.7% | |
| 2020 | −11.5% |
HIPS in the news
ETF.net Research hasn’t filed on HIPS yet — coverage lands here as it’s written.
HIPS Dividends
- 11.41%
- $1.29
- $0.11 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 31, 2026 | $0.11 |
| Jul 29, 2026 | Jul 31, 2026 | $0.11 |
| Jun 26, 2026 | Jun 30, 2026 | $0.11 |
| May 27, 2026 | May 29, 2026 | $0.11 |
| Apr 28, 2026 | Apr 30, 2026 | $0.11 |
| Mar 27, 2026 | Mar 31, 2026 | $0.11 |
| Feb 25, 2026 | Feb 27, 2026 | $0.11 |
| Jan 28, 2026 | Jan 30, 2026 | $0.11 |
| Dec 29, 2025 | Dec 31, 2025 | $0.11 |
| Nov 25, 2025 | Nov 28, 2025 | $0.11 |
| Oct 29, 2025 | Oct 31, 2025 | $0.11 |
| Sep 26, 2025 | Sep 30, 2025 | $0.11 |
HIPS Risk
- 9.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.58
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.63
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HIPS Cost
- The middle half of Multi-Asset Income funds
- Median 0.65%
13 of the 15 Multi-Asset Income funds charge less.