HIPS vs. THRV
HIPS (GraniteShares HIPS US High Income ETF) and THRV (Prospera Income ETF) are both Diversified Portfolio funds. HIPS is passively managed, while THRV is actively managed. At a 0.46 correlation, their price movements are largely independent. HIPS charges 3.19%/yr vs 1.80%/yr for THRV.
Performance
HIPS vs. THRV - Performance Comparison
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Returns By Period
In the year-to-date period, HIPS achieves a 5.64% return, which is significantly higher than THRV's 2.26% return.
HIPS
- 1D
- 0.39%
- 1M
- 2.62%
- 6M
- 1.64%
- YTD
- 5.64%
- 1Y
- 5.37%
- 3Y*
- 9.84%
- 5Y*
- 4.79%
- 10Y*
- 5.24%
THRV
- 1D
- -0.03%
- 1M
- 0.13%
- 6M
- 1.37%
- YTD
- 2.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIPS vs. THRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 5.64% | 1.40% |
THRV Prospera Income ETF | 2.26% | 0.15% |
Correlation
The correlation between HIPS and THRV is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.46 |
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Return for Risk
HIPS vs. THRV — Risk / Return Rank
HIPS
THRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HIPS vs. THRV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) and Prospera Income ETF (THRV). 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 | THRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | — | — |
| Martin ratioReturn relative to average drawdown | 2.01 | — | — |
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Drawdowns
HIPS vs. THRV - Drawdown Comparison
The maximum HIPS drawdown since its inception was -53.14%, which is greater than THRV's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for HIPS and THRV.
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Drawdown Indicators
| HIPS | THRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.14% | -1.50% | -51.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.41% | — | — |
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 | -2.04% | -0.12% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -0.43% | -6.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | — | — |
Volatility
HIPS vs. THRV - Volatility Comparison
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Volatility by Period
| HIPS | THRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 2.87% | +6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.26% | 2.87% | +10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 2.87% | +15.10% |
HIPS vs. THRV - Expense Ratio Comparison
HIPS has a 3.19% expense ratio, which is higher than THRV's 1.80% expense ratio.
Dividends
HIPS vs. THRV - Dividend Comparison
HIPS's dividend yield for the trailing twelve months is around 11.04%, more than THRV's 5.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 11.04% | 11.04% | 10.04% | 10.32% | 10.76% | 8.43% | 9.50% | 6.93% | 8.66% | 7.28% | 7.20% | 8.17% |
THRV Prospera Income ETF | 5.38% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIPS and THRV have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, THRV is cheaper at 1.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
THRV is cheaper with a 1.80% expense ratio, compared with 3.19% for HIPS.
HIPS has the higher dividend yield at 11.04%, compared with 5.38% for THRV.
They also come from different issuers: GraniteShares and Prospera Funds. Their fees differ too: 3.19% for HIPS and 1.80% for THRV.
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