HIPS vs. IBTG
HIPS (GraniteShares HIPS US High Income ETF) and IBTG (iShares iBonds Dec 2026 Term Treasury ETF) are both exchange-traded funds - HIPS is a Diversified Portfolio fund tracking the TFMS HIPS Index, while IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, HIPS returned 4.36%/yr vs 0.85%/yr for IBTG. Their -0.00 correlation means they have often moved in opposite directions in the past. HIPS charges 3.19%/yr vs 0.07%/yr for IBTG.
Performance
HIPS vs. IBTG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIPS achieves a 5.17% return, which is significantly higher than IBTG's 2.08% return.
HIPS
- 1D
- -0.73%
- 1M
- 1.11%
- 6M
- 1.97%
- YTD
- 5.17%
- 1Y
- 5.57%
- 3Y*
- 9.09%
- 5Y*
- 4.36%
- 10Y*
- 4.88%
- ALL TIME*
- 4.18%
IBTG
- 1D
- 0.02%
- 1M
- 0.34%
- 6M
- 1.75%
- YTD
- 2.08%
- 1Y
- 3.88%
- 3Y*
- 4.40%
- 5Y*
- 0.85%
- 10Y*
- —
- ALL TIME*
- 1.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $972.31K | $741.20K | $722.64K | |
| $12.55M | $10.72M | $10.41M |
HIPS vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 5.17% | 1.00% | 13.71% | 16.09% | -13.47% | 22.65% | -4.71% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 2.08% | 4.40% | 3.97% | 4.34% | -8.18% | -3.04% | 4.23% |
Correlation
The correlation between HIPS and IBTG is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | -0.00 |
The correlation between HIPS and IBTG shifts across timeframes, from -0.06 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIPS vs. IBTG — Risk / Return Rank
HIPS
IBTG
HIPS vs. IBTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) and iShares iBonds Dec 2026 Term Treasury ETF (IBTG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HIPS | IBTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.94 | ||
| Sortino ratioReturn per unit of downside risk | -19.57 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 4.40 | -3.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 59.52 | -58.61 |
| Martin ratioReturn relative to average drawdown | 2.05 | 265.61 | -263.56 |
Loading charts...
Drawdowns
HIPS vs. IBTG - Drawdown Comparison
The maximum HIPS drawdown since its inception was -53.14%, which is greater than IBTG's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for HIPS and IBTG.
Loading charts...
Drawdown Indicators
| HIPS | IBTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.14% | -13.62% | -39.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -0.07% | -6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.41% | -1.11% | -14.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.28% | -11.96% | -9.32% |
Max Drawdown (10Y)Largest decline over 10 years | -53.14% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | 0.00% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -4.76% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 0.01% | +2.71% |
Volatility
HIPS vs. IBTG - Volatility Comparison
GraniteShares HIPS US High Income ETF (HIPS) has a higher volatility of 2.27% compared to iShares iBonds Dec 2026 Term Treasury ETF (IBTG) at 0.11%. This indicates that HIPS's price experiences larger fluctuations and is considered to be riskier than IBTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIPS | IBTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 0.11% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 6.97% | 0.29% | +6.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.74% | 0.46% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 3.23% | +9.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.95% | 3.40% | +14.55% |
HIPS vs. IBTG - Expense Ratio Comparison
HIPS has a 3.19% expense ratio, which is higher than IBTG's 0.07% expense ratio.
Dividends
HIPS vs. IBTG - Dividend Comparison
HIPS's dividend yield for the trailing twelve months is around 11.20%, more than IBTG's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 11.20% | 11.04% | 10.04% | 10.32% | 10.76% | 8.43% | 9.50% | 6.93% | 8.66% | 7.28% | 7.20% | 8.17% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.90% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIPS and IBTG have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIPS has higher volatility (2.27%) compared to IBTG (0.11%). In terms of maximum drawdown, HIPS dropped -53.14% vs IBTG's -13.62%.
On 5-year performance, HIPS leads with 4.36% vs 0.85% for IBTG. On fees, IBTG is cheaper at 0.07% per year. On volatility, IBTG has been the lower-risk option at 0.11%. 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 4.36% return vs 0.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTG is cheaper with a 0.07% expense ratio, compared with 3.19% for HIPS.
HIPS has the higher dividend yield at 11.20%, compared with 3.90% for IBTG.
HIPS is categorized as Diversified Portfolio, while IBTG is Government Bonds. HIPS tracks TFMS HIPS Index, while IBTG tracks ICE 2026 Maturity US Treasury Index. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 3.19% for HIPS and 0.07% for IBTG.
IBTG currently has the higher Sharpe Ratio (8.51 vs 0.57), 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.
Find the right allocation for HIPS and IBTG
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