PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HIPS vs. EAOK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HIPS vs. EAOK

Last updated Jun 5, 2026

HIPS (GraniteShares HIPS US High Income ETF) and EAOK (iShares ESG Aware Conservative Allocation ETF) are both Diversified Portfolio funds - HIPS tracks the TFMS HIPS Index while EAOK tracks the BlackRock ESG Aware Conservative Allocation Index. Both are passively managed. Over the past 5 years, HIPS returned 4.21%/yr vs 3.23%/yr for EAOK. A 0.54 correlation means they provide meaningful diversification when combined. HIPS charges 3.19%/yr vs 0.18%/yr for EAOK.

Performance

HIPS vs. EAOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares HIPS US High Income ETF (HIPS) and iShares ESG Aware Conservative Allocation ETF (EAOK). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, HIPS achieves a 4.55% return, which is significantly higher than EAOK's 4.05% return.

HIPS

1D
1.23%
1M
-2.34%
YTD
4.55%
6M
3.39%
1Y
7.93%
3Y*
11.34%
5Y*
4.21%
10Y*
5.57%

EAOK

1D
0.19%
1M
1.57%
YTD
4.05%
6M
4.24%
1Y
11.91%
3Y*
8.91%
5Y*
3.23%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HIPS vs. EAOK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
HIPS
GraniteShares HIPS US High Income ETF		4.55%1.00%13.71%16.09%-13.47%22.65%18.08%
EAOK
iShares ESG Aware Conservative Allocation ETF		4.05%11.47%5.81%10.13%-14.92%4.32%8.01%

Correlation

The correlation between HIPS and EAOK is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2020

0.54

The correlation between HIPS and EAOK shifts across timeframes, from 0.41 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

HIPS vs. EAOK - Sectors Allocation Comparison

Sectors
HIPS
EAOK

Energy

32.7%
1.1%

Real Estate

31.7%
0.6%

Financial Services

31.6%
4.8%

Basic Materials

4.0%
0.8%

Communication Services

0.0%
2.6%

Consumer Cyclical

-

2.7%

Consumer Defensive

-

1.3%

Healthcare

-

2.4%

Industrials

-

3.2%

Technology

-

10.2%

Utilities

-

0.8%

Energy

HIPS
32.7%
EAOK
1.1%

Real Estate

HIPS
31.7%
EAOK
0.6%

Financial Services

HIPS
31.6%
EAOK
4.8%

Basic Materials

HIPS
4.0%
EAOK
0.8%

Communication Services

HIPS
0.0%
EAOK
2.6%

Consumer Cyclical

HIPS

-

EAOK
2.7%

Consumer Defensive

HIPS

-

EAOK
1.3%

Healthcare

HIPS

-

EAOK
2.4%

Industrials

HIPS

-

EAOK
3.2%

Technology

HIPS

-

EAOK
10.2%

Utilities

HIPS

-

EAOK
0.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

GraniteShares HIPS US High Income ETF

iShares ESG Aware Conservative Allocation ETF

Often compared with HIPS:
HIPS vs. FRIAXHIPS vs. AMLPHIPS vs. YYYHIPS vs. JEPIHIPS vs. JNKHIPS vs. SCHDHIPS vs. EPI
Often compared with EAOK:
EAOK vs. AOKEAOK vs. EAOMEAOK vs. PBLEAOK vs. DRAIEAOK vs. TSPXEAOK vs. CGBLEAOK vs. SPY

Return for Risk

HIPS vs. EAOK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HIPS
HIPS Risk / Return Rank: 2525
Overall Rank
HIPS Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
HIPS Sortino Ratio Rank: 2323
Sortino Ratio Rank
HIPS Omega Ratio Rank: 2222
Omega Ratio Rank
HIPS Calmar Ratio Rank: 2727
Calmar Ratio Rank
HIPS Martin Ratio Rank: 2626
Martin Ratio Rank
EAOK
EAOK Risk / Return Rank: 6666
Overall Rank
EAOK Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
EAOK Sortino Ratio Rank: 7272
Sortino Ratio Rank
EAOK Omega Ratio Rank: 7272
Omega Ratio Rank
EAOK Calmar Ratio Rank: 5656
Calmar Ratio Rank
EAOK Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIPS vs. EAOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) and iShares ESG Aware Conservative Allocation ETF (EAOK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

HIPSEAOKDifference
Sharpe ratioReturn per unit of total volatility
0.83
2.19

-1.35

Sortino ratioReturn per unit of downside risk
1.21
3.19

-1.98

Omega ratioGain probability vs. loss probability

1.14

1.42

-0.27

Calmar ratioReturn relative to maximum drawdown

1.29

2.70

-1.40

Martin ratioReturn relative to average drawdown

3.46

11.80

-8.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIPS vs. EAOK - Sharpe Ratio Comparison

The current HIPS Sharpe Ratio is 0.83, which is lower than the EAOK Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of HIPS and EAOK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

HIPSEAOKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.83

2.19

-1.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.46

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.65

-0.42

Drawdowns

HIPS vs. EAOK - Drawdown Comparison

The maximum HIPS drawdown since its inception was -53.14%, which is greater than EAOK's maximum drawdown of -19.91%. Use the drawdown chart below to compare losses from any high point for HIPS and EAOK.

Loading charts...

Drawdown Indicators

HIPSEAOKDifference

Max Drawdown

Largest peak-to-trough decline

-53.14%

-19.91%

-33.23%

Max Drawdown (1Y)

Largest decline over 1 year

-6.15%

-4.43%

-1.72%

Max Drawdown (3Y)

Largest decline over 3 years

-15.41%

-7.08%

-8.33%

Max Drawdown (5Y)

Largest decline over 5 years

-21.28%

-19.91%

-1.37%

Max Drawdown (10Y)

Largest decline over 10 years

-53.14%

—

—

Current Drawdown

Current decline from peak

-3.05%

-0.20%

-2.85%

Average Drawdown

Average peak-to-trough decline

-7.39%

-5.02%

-2.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.30%

1.01%

+1.29%

Volatility

HIPS vs. EAOK - Volatility Comparison

GraniteShares HIPS US High Income ETF (HIPS) has a higher volatility of 2.25% compared to iShares ESG Aware Conservative Allocation ETF (EAOK) at 2.02%. This indicates that HIPS's price experiences larger fluctuations and is considered to be riskier than EAOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HIPSEAOKDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.25%

2.02%

+0.23%

Volatility (6M)

Calculated over the trailing 6-month period

7.14%

4.48%

+2.66%

Volatility (1Y)

Calculated over the trailing 1-year period

9.60%

5.49%

+4.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.31%

7.04%

+6.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.08%

6.82%

+11.26%

HIPS vs. EAOK - Expense Ratio Comparison

HIPS has a 3.19% expense ratio, which is higher than EAOK's 0.18% expense ratio.

Dividends

HIPS vs. EAOK - Dividend Comparison

HIPS's dividend yield for the trailing twelve months is around 11.05%, more than EAOK's 3.17% yield.

PositionTTM20252024202320222021202020192018201720162015
EAOK
iShares ESG Aware Conservative Allocation ETF		3.17%3.18%3.15%2.80%2.27%1.19%1.00%0.00%0.00%0.00%0.00%0.00%
HIPS
GraniteShares HIPS US High Income ETF		11.05%11.04%10.04%10.32%10.76%8.43%9.50%6.93%8.66%7.28%7.20%8.17%

Frequently Asked Questions

HIPS and EAOK have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HIPS has higher volatility (2.25%) compared to EAOK (2.02%). In terms of maximum drawdown, HIPS dropped -53.14% vs EAOK's -19.91%.

On 5-year performance, HIPS leads with 4.21% vs 3.23% for EAOK. On fees, EAOK is cheaper at 0.18% per year. On volatility, EAOK has been the lower-risk option at 2.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, HIPS has performed better with a 4.21% return vs 3.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EAOK is cheaper with a 0.18% expense ratio, compared with 3.19% for HIPS.

HIPS has the higher dividend yield at 11.05%, compared with 3.17% for EAOK.

HIPS tracks TFMS HIPS Index, while EAOK tracks BlackRock ESG Aware Conservative Allocation Index. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 3.19% for HIPS and 0.18% for EAOK.

EAOK currently has the higher Sharpe Ratio (2.19 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for HIPS and EAOK

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer