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HIPS vs. JNK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HIPS and JNK is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.7

Performance

HIPS vs. JNK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares HIPS US High Income ETF (HIPS) and SPDR Barclays High Yield Bond ETF (JNK). The values are adjusted to include any dividend payments, if applicable.

35.00%40.00%45.00%50.00%55.00%60.00%NovemberDecember2025FebruaryMarchApril
45.46%
48.92%
HIPS
JNK

Key characteristics

Sharpe Ratio

HIPS:

0.32

JNK:

1.40

Sortino Ratio

HIPS:

0.49

JNK:

2.06

Omega Ratio

HIPS:

1.08

JNK:

1.29

Calmar Ratio

HIPS:

0.30

JNK:

1.64

Martin Ratio

HIPS:

1.38

JNK:

8.53

Ulcer Index

HIPS:

3.34%

JNK:

0.96%

Daily Std Dev

HIPS:

14.63%

JNK:

5.86%

Max Drawdown

HIPS:

-53.14%

JNK:

-38.48%

Current Drawdown

HIPS:

-8.34%

JNK:

-1.07%

Returns By Period

In the year-to-date period, HIPS achieves a -3.89% return, which is significantly lower than JNK's 1.20% return. Both investments have delivered pretty close results over the past 10 years, with HIPS having a 3.71% annualized return and JNK not far behind at 3.62%.


HIPS

YTD

-3.89%

1M

-6.24%

6M

-1.53%

1Y

4.94%

5Y*

13.76%

10Y*

3.71%

JNK

YTD

1.20%

1M

-0.02%

6M

1.92%

1Y

8.71%

5Y*

5.62%

10Y*

3.62%

*Annualized

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HIPS vs. JNK - Expense Ratio Comparison

HIPS has a 3.19% expense ratio, which is higher than JNK's 0.40% expense ratio.


Expense ratio chart for HIPS: current value is 3.19%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HIPS: 3.19%
Expense ratio chart for JNK: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
JNK: 0.40%

Risk-Adjusted Performance

HIPS vs. JNK — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIPS
The Risk-Adjusted Performance Rank of HIPS is 4343
Overall Rank
The Sharpe Ratio Rank of HIPS is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of HIPS is 3838
Sortino Ratio Rank
The Omega Ratio Rank of HIPS is 4545
Omega Ratio Rank
The Calmar Ratio Rank of HIPS is 4545
Calmar Ratio Rank
The Martin Ratio Rank of HIPS is 4848
Martin Ratio Rank

JNK
The Risk-Adjusted Performance Rank of JNK is 9090
Overall Rank
The Sharpe Ratio Rank of JNK is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of JNK is 8989
Sortino Ratio Rank
The Omega Ratio Rank of JNK is 8989
Omega Ratio Rank
The Calmar Ratio Rank of JNK is 9191
Calmar Ratio Rank
The Martin Ratio Rank of JNK is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HIPS vs. JNK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) and SPDR Barclays High Yield Bond ETF (JNK). 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.


The chart of Sharpe ratio for HIPS, currently valued at 0.32, compared to the broader market-1.000.001.002.003.004.00
HIPS: 0.32
JNK: 1.40
The chart of Sortino ratio for HIPS, currently valued at 0.49, compared to the broader market-2.000.002.004.006.008.00
HIPS: 0.49
JNK: 2.06
The chart of Omega ratio for HIPS, currently valued at 1.08, compared to the broader market0.501.001.502.002.50
HIPS: 1.08
JNK: 1.29
The chart of Calmar ratio for HIPS, currently valued at 0.30, compared to the broader market0.002.004.006.008.0010.0012.00
HIPS: 0.30
JNK: 1.64
The chart of Martin ratio for HIPS, currently valued at 1.38, compared to the broader market0.0020.0040.0060.00
HIPS: 1.38
JNK: 8.53

The current HIPS Sharpe Ratio is 0.32, which is lower than the JNK Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of HIPS and JNK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.32
1.40
HIPS
JNK

Dividends

HIPS vs. JNK - Dividend Comparison

HIPS's dividend yield for the trailing twelve months is around 10.71%, more than JNK's 6.69% yield.


TTM20242023202220212020201920182017201620152014
HIPS
GraniteShares HIPS US High Income ETF
10.71%10.04%10.32%10.76%8.43%9.50%7.56%8.66%7.28%7.20%7.44%0.00%
JNK
SPDR Barclays High Yield Bond ETF
6.69%6.63%6.38%6.06%4.27%5.11%5.44%5.90%5.60%6.06%6.59%5.99%

Drawdowns

HIPS vs. JNK - Drawdown Comparison

The maximum HIPS drawdown since its inception was -53.14%, which is greater than JNK's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for HIPS and JNK. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-8.34%
-1.07%
HIPS
JNK

Volatility

HIPS vs. JNK - Volatility Comparison

GraniteShares HIPS US High Income ETF (HIPS) has a higher volatility of 11.64% compared to SPDR Barclays High Yield Bond ETF (JNK) at 4.32%. This indicates that HIPS's price experiences larger fluctuations and is considered to be riskier than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
11.64%
4.32%
HIPS
JNK