HIPS vs. EPI
Compare and contrast key facts about GraniteShares HIPS US High Income ETF (HIPS) and WisdomTree India Earnings Fund (EPI).
HIPS and EPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIPS is a passively managed fund by GraniteShares that tracks the performance of the TFMS HIPS Index. It was launched on Jan 6, 2015. EPI is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree India Earnings Index. It was launched on Feb 22, 2008. Both HIPS and EPI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIPS or EPI.
Key characteristics
| HIPS | EPI | |
|---|---|---|
| YTD Return | 12.67% | 16.12% |
| 1Y Return | 21.78% | 29.30% |
| 3Y Return (Ann) | 3.46% | 9.45% |
| 5Y Return (Ann) | 4.94% | 16.30% |
| Sharpe Ratio | 2.25 | 1.80 |
| Sortino Ratio | 3.05 | 2.20 |
| Omega Ratio | 1.43 | 1.36 |
| Calmar Ratio | 2.19 | 3.76 |
| Martin Ratio | 17.87 | 11.57 |
| Ulcer Index | 1.19% | 2.56% |
| Daily Std Dev | 9.47% | 16.42% |
| Max Drawdown | -53.14% | -66.21% |
| Current Drawdown | 0.00% | -6.32% |
Correlation
The correlation between HIPS and EPI is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HIPS vs. EPI - Performance Comparison
In the year-to-date period, HIPS achieves a 12.67% return, which is significantly lower than EPI's 16.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HIPS vs. EPI - Expense Ratio Comparison
HIPS has a 3.19% expense ratio, which is higher than EPI's 0.84% expense ratio.
Risk-Adjusted Performance
HIPS vs. EPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) and WisdomTree India Earnings Fund (EPI). 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.
Dividends
HIPS vs. EPI - Dividend Comparison
HIPS's dividend yield for the trailing twelve months is around 10.01%, while EPI has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 10.01% | 10.37% | 10.81% | 8.47% | 9.54% | 7.59% | 8.70% | 7.31% | 7.24% | 6.51% | 0.00% | 0.00% |
EPI WisdomTree India Earnings Fund | 0.00% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.04% | 1.20% | 1.02% | 0.75% |
Drawdowns
HIPS vs. EPI - Drawdown Comparison
The maximum HIPS drawdown since its inception was -53.14%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for HIPS and EPI. For additional features, visit the drawdowns tool.
Volatility
HIPS vs. EPI - Volatility Comparison
The current volatility for GraniteShares HIPS US High Income ETF (HIPS) is 2.55%, while WisdomTree India Earnings Fund (EPI) has a volatility of 3.55%. This indicates that HIPS experiences smaller price fluctuations and is considered to be less risky than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.