HIPS vs. HISF
Compare and contrast key facts about GraniteShares HIPS US High Income ETF (HIPS) and First Trust High Income Strategic Focus ETF (HISF).
HIPS and HISF 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. HISF is an actively managed fund by First Trust. It was launched on Aug 13, 2014.
Performance
HIPS vs. HISF - Performance Comparison
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HIPS vs. HISF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 1.17% | 1.00% | 12.49% |
HISF First Trust High Income Strategic Focus ETF | -0.74% | 8.39% | 3.30% |
Returns By Period
In the year-to-date period, HIPS achieves a 1.17% return, which is significantly higher than HISF's -0.74% return.
HIPS
- 1D
- -0.46%
- 1M
- -2.33%
- YTD
- 1.17%
- 6M
- 2.76%
- 1Y
- 0.21%
- 3Y*
- 10.15%
- 5Y*
- 5.30%
- 10Y*
- 6.08%
HISF
- 1D
- 0.00%
- 1M
- -1.61%
- YTD
- -0.74%
- 6M
- 0.44%
- 1Y
- 4.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HIPS vs. HISF - Expense Ratio Comparison
HIPS has a 3.19% expense ratio, which is higher than HISF's 0.87% expense ratio.
Return for Risk
HIPS vs. HISF — Risk / Return Rank
HIPS
HISF
HIPS vs. HISF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) and First Trust High Income Strategic Focus ETF (HISF). 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.
| HIPS | HISF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.01 | 1.34 | -1.32 |
Sortino ratioReturn per unit of downside risk | 0.12 | 1.86 | -1.74 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.25 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 1.79 | -1.74 |
Martin ratioReturn relative to average drawdown | 0.20 | 7.34 | -7.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIPS | HISF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 1.34 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.32 | -1.10 |
Correlation
The correlation between HIPS and HISF is 0.24, 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.
Dividends
HIPS vs. HISF - Dividend Comparison
HIPS's dividend yield for the trailing twelve months is around 11.22%, more than HISF's 4.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 11.22% | 11.04% | 10.04% | 10.32% | 10.76% | 8.43% | 9.50% | 6.93% | 8.66% | 7.28% | 7.20% | 8.17% |
HISF First Trust High Income Strategic Focus ETF | 4.92% | 4.69% | 3.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HIPS vs. HISF - Drawdown Comparison
The maximum HIPS drawdown since its inception was -53.14%, which is greater than HISF's maximum drawdown of -3.86%. Use the drawdown chart below to compare losses from any high point for HIPS and HISF.
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Drawdown Indicators
| HIPS | HISF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.14% | -3.86% | -49.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -2.90% | -10.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.14% | — | — |
Current DrawdownCurrent decline from peak | -3.69% | -1.96% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -0.86% | -6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 0.71% | +2.83% |
Volatility
HIPS vs. HISF - Volatility Comparison
GraniteShares HIPS US High Income ETF (HIPS) has a higher volatility of 3.83% compared to First Trust High Income Strategic Focus ETF (HISF) at 1.75%. This indicates that HIPS's price experiences larger fluctuations and is considered to be riskier than HISF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIPS | HISF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 1.75% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 2.26% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 3.67% | +11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.33% | 3.95% | +9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.13% | 3.95% | +14.18% |