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 71 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% | 177.84M | Dec 2025 | HIPS vs CTAP | |
| PIMCO U.S. Stocks PLUS Active Bond ETF | 0.18% | 52.96M | Jan 2026 | HIPS vs SPLS | |
| iShares ESG Aware Aggressive Allocation ETF | 0.18% | 37.39M | Jun 2020 | HIPS vs EAOA | |
| iShares ESG Aware Conservative Allocation ETF | 0.18% | 9.22M | Jun 2020 | HIPS vs EAOK | |
| iShares ESG Aware Moderate Allocation ETF | 0.18% | 8.63M | Jun 2020 | HIPS vs EAOM |
Best Risk-Adjusted Alternatives to HIPS
HIPS has a PortfoliosLab risk / return rank of 20. There are 63 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Income Focus ETF | 89 | 1.54B | Jun 2023 | HIPS vs INCM | |
| Draco Evolution AI ETF | 87 | 20.72M | Jul 2024 | HIPS vs DRAI | |
| WisdomTree Emerging Markets Efficient Core Fund | 87 | 53.56M | May 2021 | HIPS vs NTSE | |
| VanEck Inflation Allocation ETF | 85 | 969.68M | Apr 2018 | HIPS vs RAAX | |
| Cabana Target Leading Sector Moderate ETF | 82 | 114.31M | Jul 2021 | HIPS vs CLSM |
Top Performing HIPS Alternatives (YTD)
HIPS is at 3.28% YTD. There are 60 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 45.39%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Adaptive Core ETF | 45.39% | 12.20M | Nov 2021 | HIPS vs RULE | |
| WisdomTree Emerging Markets Efficient Core Fund | 32.02% | 53.56M | May 2021 | HIPS vs NTSE | |
| Myriad Dynamic Asset Allocation ETF | 23.50% | — | Oct 2025 | HIPS vs MDAA | |
| Simplify US Equity PLUS Managed Futures Strategy E... | 21.95% | 177.84M | Dec 2025 | HIPS vs CTAP | |
| Cabana Target Leading Sector Moderate ETF | 20.45% | 114.31M | Jul 2021 | HIPS vs CLSM |
Lowest Volatility Alternatives to HIPS
HIPS has 9.57% 1-year volatility. There are 39 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 | 2.89% | 2.20M | Sep 2025 | HIPS vs THRV | |
| First Trust High Income Strategic Focus ETF | 3.32% | 95.53M | Aug 2014 | HIPS vs HISF | |
| Mindful Conservative ETF | 3.93% | 26.13M | Nov 2021 | HIPS vs MFUL | |
| Alpha Architect High Inflation And Deflation ETF | 4.43% | 100.05M | Nov 2022 | HIPS vs HIDE |
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 -2.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Alpha Architect High Inflation And Deflation ETF | -2.31% | 100.05M | Nov 2022 | HIPS vs HIDE | |
| Brookstone Yield ETF | -2.48% | 45.58M | Sep 2023 | HIPS vs BAMY | |
| First Trust High Income Strategic Focus ETF | -2.90% | 95.53M | Aug 2014 | HIPS vs HISF | |
| Franklin Income Focus ETF | -3.19% | 1.54B | Jun 2023 | HIPS vs INCM | |
| 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 5 categories. AUM among these funds goes as high as $5B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long NVDA Daily ETF | Leveraged Equities | 34 | 19.95% | 4.62B | Dec 2022 | HIPS vs NVDL | |
| GraniteShares YieldBOOST TSLA ETF | Derivative Income | 5 | -16.60% | 108.03M | Dec 2024 | HIPS vs TSYY | |
| GraniteShares Gold Trust | Gold, Precious Metals | 32 | 2.94% | 1.49B | Aug 2017 | HIPS vs BAR | |
| GraniteShares 2x Long PLTR Daily ETF | Leveraged Equities | 8 | -46.20% | 406.46M | Sep 2024 | HIPS vs PTIR | |
| GraniteShares 2x Long AMD Daily ETF | Leveraged Equities | 96 | 395.18% | 1.66B | Mar 2024 | HIPS vs AMDL | |
| GraniteShares Platinum Trust | Precious Metals | 36 | -9.33% | 206.40M | Jan 2018 | HIPS vs PLTM | |
| GraniteShares 2x Short TSLA Daily ETF | Inverse Equities | 3 | -4.27% | 40.02M | Aug 2023 | HIPS vs TSDD | |
| GraniteShares 2x Long META Daily ETF | Leveraged Equities | 5 | -19.72% | 257.21M | Dec 2022 | HIPS vs FBL | |
| GraniteShares 2x Short NVDA Daily ETF | Inverse Equities | 1 | -34.83% | 68.19M | Aug 2023 | HIPS vs NVD | |
| GraniteShares 2x Long TSLA Daily ETF | Leveraged Equities | 12 | -20.05% | 145.60M | Aug 2023 | HIPS vs TSLR |
Often Compared With HIPS
Investors most often compare HIPS with FRIAX, AMLP, YYY. These 20 comparison targets span 12 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