HIPS vs. FRIAX
Compare and contrast key facts about GraniteShares HIPS US High Income ETF (HIPS) and Franklin Income Fund Advisor Class (FRIAX).
HIPS is a passively managed fund by GraniteShares that tracks the performance of the TFMS HIPS Index. It was launched on Jan 6, 2015. FRIAX is managed by Franklin Templeton. It was launched on Aug 28, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIPS or FRIAX.
Correlation
The correlation between HIPS and FRIAX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HIPS vs. FRIAX - Performance Comparison
Key characteristics
HIPS:
0.33
FRIAX:
0.90
HIPS:
0.51
FRIAX:
1.29
HIPS:
1.09
FRIAX:
1.21
HIPS:
0.31
FRIAX:
1.01
HIPS:
1.44
FRIAX:
4.39
HIPS:
3.30%
FRIAX:
1.63%
HIPS:
14.63%
FRIAX:
7.91%
HIPS:
-53.14%
FRIAX:
-44.47%
HIPS:
-8.66%
FRIAX:
-2.87%
Returns By Period
In the year-to-date period, HIPS achieves a -4.23% return, which is significantly lower than FRIAX's 0.14% return. Over the past 10 years, HIPS has underperformed FRIAX with an annualized return of 3.68%, while FRIAX has yielded a comparatively higher 5.06% annualized return.
HIPS
-4.23%
-6.54%
-1.80%
4.07%
13.69%
3.68%
FRIAX
0.14%
-2.50%
-1.46%
6.68%
8.81%
5.06%
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HIPS vs. FRIAX - Expense Ratio Comparison
HIPS has a 3.19% expense ratio, which is higher than FRIAX's 0.46% expense ratio.
Risk-Adjusted Performance
HIPS vs. FRIAX — Risk-Adjusted Performance Rank
HIPS
FRIAX
HIPS vs. FRIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) and Franklin Income Fund Advisor Class (FRIAX). 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. FRIAX - Dividend Comparison
HIPS's dividend yield for the trailing twelve months is around 10.74%, more than FRIAX's 5.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 10.74% | 10.04% | 10.32% | 10.76% | 8.43% | 9.50% | 7.56% | 8.66% | 7.28% | 7.20% | 7.44% | 0.00% |
FRIAX Franklin Income Fund Advisor Class | 5.74% | 5.64% | 5.71% | 5.60% | 4.80% | 5.26% | 5.15% | 5.67% | 5.08% | 5.25% | 5.77% | 5.08% |
Drawdowns
HIPS vs. FRIAX - Drawdown Comparison
The maximum HIPS drawdown since its inception was -53.14%, which is greater than FRIAX's maximum drawdown of -44.47%. Use the drawdown chart below to compare losses from any high point for HIPS and FRIAX. For additional features, visit the drawdowns tool.
Volatility
HIPS vs. FRIAX - Volatility Comparison
GraniteShares HIPS US High Income ETF (HIPS) has a higher volatility of 11.63% compared to Franklin Income Fund Advisor Class (FRIAX) at 5.77%. This indicates that HIPS's price experiences larger fluctuations and is considered to be riskier than FRIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.