GraniteShares HIPS US High Income ETF (HIPS)

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GraniteShares HIPS US High Income ETF (HIPS) is up 4.1% since the beginning of the year. HIPS is currently trading at $12 per share. Investors who bought $1,000 worth of HIPS shares 5 years ago would now be looking at an investment worth $1,227.

GraniteShares HIPS US High Income ETF (HIPS) has returned 4.11% so far this year and 8.09% over the past 12 months. Over the last ten years, HIPS has returned 5.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 7, 2015, HIPS's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.

Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +17.9%, while the worst month was Mar 2020 at -36.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HIPS closed higher 51% of trading days. The best single day was Mar 25, 2020 with a return of +10.6%, while the worst single day was Mar 18, 2020 at -17.5%.

GraniteShares HIPS US High Income ETF has an annualized alpha of -2.92%, beta of 0.66, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since January 08, 2015.

• This ETF participated in 102.56% of S&P 500 Index downside but only 69.76% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.66 may look defensive, but with R2 of 0.42 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

HIPS has a high expense ratio of 3.19%, indicating above-average management fees.

HIPS ranks 24 for risk / return — below 24% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) and compare them to S&P 500 Index.

GraniteShares HIPS US High Income ETF provided a 11.10% dividend yield over the last twelve months, with an annual payout of $1.29 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for GraniteShares HIPS US High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the GraniteShares HIPS US High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the GraniteShares HIPS US High Income ETF was 53.14%, occurring on Mar 23, 2020. Recovery took 284 trading sessions.

The current GraniteShares HIPS US High Income ETF drawdown is 3.46%.

The chart below shows the rolling one-month volatility.