HIPS GraniteShares HIPS US High Income ETF
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 11.85 | Day Range | 11.84 – 11.90 |
| 52-Week Range | 11.28 – 12.30 | Volume | 43.43K |
| Avg Volume | 60.83K | AUM | $120.2M (Aug 26, 2026) |
| Expense Ratio | 1.17% | Yield (TTM) | 10.89% |
| NAV | 11.84 | Premium/Discount | +0.34% indicative |
| Inception | Jan 06, 2015 | Holdings | 41 |
| Issuer | GraniteShares | Exchange | AMEX |
| Category | Leveraged | Index Tracked | Not stated in source data |
| CUSIP | 38747R306 | ISIN | US38747R3066 |
| Structure | Leveraged | ||
| Management | Not stated in source data | ||
About this ETF
HIPS offers a twist on the popular multi-asset income space: a focus on pass-through securities (those that pass on most of their income to their owners). The owners pay taxes on that income, while the entities themselves dont, thereby eliminating the double taxation associated with stock dividends. The portfolio allocates equally to four alternative income segments: closed-end funds (CEFs), business development companies (BDCs), real estate investment trusts (REITs), and energy master limited partnerships (MLPs). The top 10 securities with the highest dividend yield and lowest volatility in each segment are selected and weighted equally. It should be noted that while income from REITs, MLPs and BDCs can be high, these are typically taxed at ordinary-income rates instead of the beneficial qualified dividends rate. As such, investors in taxable accounts should consider their after-tax yield. Before March 16, 2023, the fund tracked the TFMS HIPS Index.
Description from the fund data provider · profile as of Aug 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +2.78% | +1.20% | -0.67% | +1.46% | -2.71% | -0.50% | -5.08% | -4.02% | -4.46% |
| Total return | +3.67% | +4.04% | +4.96% | +8.22% | +8.62% | +10.55% | +4.97% | +5.08% | +4.24% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.17% | Annual cost of a $10,000 investment | $117.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 41 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Dorchester Minerals | DMLP | 3.22% | 0 | $3.8M |
| 2 | Plains All American Pipeline LP | PAA | 3.19% | 0 | $3.8M |
| 3 | Western Midstream Partners LP | WES | 3.05% | 0 | $3.6M |
| 4 | CVR Partners LP and CVR Nitrogen Finance… | UAN | 3.01% | 0 | $3.6M |
| 5 | KIMBELL ROYALTY PARTNERS LP | KRP | 2.97% | 0 | $3.6M |
| 6 | Delek Logistics Partners LP | DKL | 2.94% | 0 | $3.5M |
| 7 | Two Harbors Investment Corp. | TWO | 2.83% | 0 | $3.4M |
| 8 | Capital Southwest Corporation | CSWC | 2.77% | 0 | $3.3M |
| 9 | Alliance Resource Partners, L.P. | ARLP | 2.77% | 0 | $3.3M |
| 10 | Enterprise Products Partners L | EPD | 2.76% | 0 | $3.3M |
| 11 | MPLX LP | MPLX | 2.71% | 0 | $3.2M |
| 12 | Black Stone Minerals LP | BSM | 2.71% | 0 | $3.2M |
| 13 | BlackRock Enhanced Large Cap Core Fund Inc | CII | 2.58% | 0 | $3.1M |
| 14 | Barings BDC Inc. | BBDC | 2.58% | 0 | $3.1M |
| 15 | Goldman Sachs BDC Inc | GSBD | 2.56% | 0 | $3.1M |
| 16 | Annaly Capital Management, Inc. | NLY | 2.51% | 0 | $3.0M |
| 17 | Agnc Investment Corp | AGNC | 2.50% | 0 | $3.0M |
| 18 | Ellington Financial Inc | 0A26.L | 2.46% | 0 | $2.9M |
| 19 | GOLUB CAP BDC INC COM | GBDC | 2.42% | 0 | $2.9M |
| 20 | NUVEEN FLOAT RATE INC FD | JFR | 2.40% | 0 | $2.9M |
| 21 | Western Asset High Income Fund II Inc. | HIX | 2.39% | 0 | $2.9M |
| 22 | Franklin Limited Duration Income Trust | FTF | 2.33% | 0 | $2.8M |
| 23 | Dynex Capital Inc | DX | 2.33% | 0 | $2.8M |
| 24 | Pimco High Income Fund | PHK | 2.32% | 0 | $2.8M |
| 25 | ARMOUR Residential REIT Inc. | ARR | 2.31% | 0 | $2.8M |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 10.89% | Paid (last 12 months) | $1.2900 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Jul 29, 2026 | Last payment | $0.1075 (Jul 31, 2026) |
| Growth 1Y | 0.00% | Growth 3Y / 5Y (ann.) | -0.08% / +1.66% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Jul 29, 2026 | Jul 29, 2026 | Jul 31, 2026 | $0.1075 |
| Jun 26, 2026 | Jun 26, 2026 | Jun 30, 2026 | $0.1075 |
| May 27, 2026 | May 27, 2026 | May 29, 2026 | $0.1075 |
| Apr 28, 2026 | Apr 28, 2026 | Apr 30, 2026 | $0.1075 |
| Mar 27, 2026 | Mar 27, 2026 | Mar 31, 2026 | $0.1075 |
| Feb 25, 2026 | Feb 25, 2026 | Feb 27, 2026 | $0.1075 |
| Jan 28, 2026 | Jan 28, 2026 | Jan 30, 2026 | $0.1075 |
| Dec 29, 2025 | Dec 29, 2025 | Dec 31, 2025 | $0.1075 |
| Nov 25, 2025 | Nov 25, 2025 | Nov 28, 2025 | $0.1075 |
| Oct 29, 2025 | Oct 29, 2025 | Oct 31, 2025 | $0.1075 |
| Sep 26, 2025 | Sep 26, 2025 | Sep 30, 2025 | $0.1075 |
| Aug 27, 2025 | Aug 27, 2025 | Aug 29, 2025 | $0.1075 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 9.69% / 11.84% | Sharpe 1Y / 3Y | 0.562 / 0.65 |
| Max drawdown 1Y / 3Y | -6.21% / -15.32% | Sortino 1Y | 0.795 |
| Beta vs S&P 500 (3Y) | 0.476 | Correlation vs S&P 500 (1Y) | 0.38 |
| Downside deviation 1Y | 6.85% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 43.43K | Average volume | 60.83K |
| AUM | $120.2M | Premium/Discount | +0.34% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $420.0K | +0.35% | $119.8M → $120.2M |
| 1 Week | $1.2M | +0.97% | $118.6M → $120.2M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for HIPS
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.