GraniteShares HIPS US High Income ETF (HIPS) belongs to the Diversified Portfolio category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HIPS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HIPS
HIPS charges 3.19% annually. There are 73 ETFs in the Diversified Portfolio category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify US Equity PLUS Managed Futures Strategy E... | 0.10% | 167.39M | Dec 2025 | HIPS vs CTAP | |
| iShares Core 30/70 Conservative Allocation ETF | 0.15% | 809.63M | Nov 2008 | HIPS vs AOK | |
| iShares Core 80/20 Aggressive Allocation ETF | 0.15% | 3.21B | Nov 2008 | HIPS vs AOA | |
| iShares Core 60/40 Balanced Allocation ETF | 0.15% | 3.67B | Nov 2008 | HIPS vs AOR | |
| iShares ESG Aware Growth Allocation ETF | 0.18% | 32.94M | Jun 2020 | HIPS vs EAOR |
Best Risk-Adjusted Alternatives to HIPS
HIPS has a PortfoliosLab risk / return rank of 20. There are 61 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Income Focus ETF | 90 | 1.65B | Jun 2023 | HIPS vs INCM | |
| Avantis Moderate Allocation ETF | 85 | 76.06M | Jun 2023 | HIPS vs AVMA | |
| iShares Morningstar Multi-Asset Income ETF | 83 | 124.92M | Apr 2012 | HIPS vs IYLD | |
| Alpha Architect High Inflation And Deflation ETF | 82 | 100.05M | Nov 2022 | HIPS vs HIDE | |
| Cambria Global Asset Allocation ETF | 80 | 72.21M | Dec 2014 | HIPS vs GAA |
Top Performing HIPS Alternatives (YTD)
HIPS is at 5.64% YTD. There are 46 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 35.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Adaptive Core ETF | 35.25% | 16.56M | Nov 2021 | HIPS vs RULE | |
| WisdomTree Emerging Markets Efficient Core Fund | 23.38% | 55.78M | May 2021 | HIPS vs NTSE | |
| STF Tactical Growth ETF | 17.27% | 41.36M | May 2022 | HIPS vs TUG | |
| Myriad Dynamic Asset Allocation ETF | 17.03% | 444.94M | Oct 2025 | HIPS vs MDAA | |
| STF Tactical Growth & Income ETF | 16.88% | 76.94M | May 2022 | HIPS vs TUGN |
Lowest Volatility Alternatives to HIPS
HIPS has 9.71% 1-year volatility. There are 35 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FlexShares Real Assets Allocation Index Fund | 0.00% | 7.49M | Nov 2015 | HIPS vs ASET | |
| Prospera Income ETF | 2.87% | 2.20M | Sep 2025 | HIPS vs THRV | |
| First Trust High Income Strategic Focus ETF | 3.32% | 99.40M | Aug 2014 | HIPS vs HISF | |
| Mindful Conservative ETF | 4.25% | 26.13M | Nov 2021 | HIPS vs MFUL | |
| Brookstone Yield ETF | 4.50% | 44.82M | Sep 2023 | HIPS vs BAMY |
Lowest Drawdown Alternatives to HIPS
HIPS has a 1-year max drawdown of -6.15%. There are 25 ETFs in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -2.48%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Brookstone Yield ETF | -2.48% | 44.82M | Sep 2023 | HIPS vs BAMY | |
| First Trust High Income Strategic Focus ETF | -2.90% | 99.40M | Aug 2014 | HIPS vs HISF | |
| Franklin Income Focus ETF | -3.19% | 1.65B | Jun 2023 | HIPS vs INCM | |
| Alpha Architect High Inflation And Deflation ETF | -3.31% | 100.05M | Nov 2022 | HIPS vs HIDE | |
| Mindful Conservative ETF | -3.36% | 26.13M | Nov 2021 | HIPS vs MFUL |
Other ETFs from GraniteShares
The 10 most viewed GraniteShares ETFs shown here include NVDL, TSYY, BAR and span 8 categories. AUM among these funds goes as high as $4B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long NVDA Daily ETF | Leveraged Equities, Technology Equities | 17 | 13.75% | 3.82B | Dec 2022 | HIPS vs NVDL | |
| GraniteShares YieldBOOST TSLA ETF | Derivative Income, Options Trading, Actively Managed | 6 | -17.42% | 73.72M | Dec 2024 | HIPS vs TSYY | |
| GraniteShares Gold Trust | Gold, Precious Metals | 24 | -6.07% | 1.37B | Aug 2017 | HIPS vs BAR | |
| GraniteShares 2x Long PLTR Daily ETF | Leveraged Equities | 6 | -54.43% | 295.90M | Sep 2024 | HIPS vs PTIR | |
| GraniteShares 2x Long AMD Daily ETF | Leveraged Equities | 94 | 328.94% | 1.30B | Mar 2024 | HIPS vs AMDL | |
| GraniteShares Platinum Trust | Precious Metals | 18 | -18.35% | 169.16M | Jan 2018 | HIPS vs PLTM | |
| GraniteShares 2x Long MU Daily ETF | Leveraged Equities | 98 | 504.58% | 923.53M | Nov 2024 | HIPS vs MULL | |
| GraniteShares 2x Short NVDA Daily ETF | Inverse Equities | 3 | -36.36% | 53.76M | Aug 2023 | HIPS vs NVD | |
| GraniteShares 2x Short TSLA Daily ETF | Inverse Equities | 3 | -1.03% | 29.93M | Aug 2023 | HIPS vs TSDD | |
| GraniteShares 2x Long META Daily ETF | Leveraged Equities | 7 | -7.72% | 229.45M | Dec 2022 | HIPS vs FBL |
Often Compared With HIPS
Investors most often compare HIPS with FRIAX, AMLP, YYY. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare HIPS with Any Fund or Stock
Compare HIPS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HIPS with funds that move differently
GraniteShares HIPS US High Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HIPS.
Explore HIPS Diversifiers