HIPS vs. YYY
HIPS (GraniteShares HIPS US High Income ETF) and YYY (Amplify CEF High Income ETF) are both Diversified Portfolio funds - HIPS tracks the TFMS HIPS Index while YYY tracks the Nasdaq CEF High Income™ Index. Both are passively managed. Over the past 10 years, HIPS returned 5.02%/yr vs 5.27%/yr for YYY. Their 0.60 correlation means they have sometimes moved together and sometimes differently. HIPS charges 3.19%/yr vs 3.23%/yr for YYY.
Performance
HIPS vs. YYY - Performance Comparison
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Returns By Period
In the year-to-date period, HIPS achieves a 4.62% return, which is significantly lower than YYY's 5.30% return. Both investments have delivered pretty close results over the past 10 years, with HIPS having a 5.02% annualized return and YYY not far ahead at 5.27%.
HIPS
- 1D
- 0.00%
- 1M
- 0.85%
- 6M
- 1.87%
- YTD
- 4.62%
- 1Y
- 5.67%
- 3Y*
- 8.76%
- 5Y*
- 4.33%
- 10Y*
- 5.02%
- ALL TIME*
- 4.14%
YYY
- 1D
- 0.09%
- 1M
- -1.29%
- 6M
- 2.97%
- YTD
- 5.30%
- 1Y
- 9.88%
- 3Y*
- 11.24%
- 5Y*
- 3.33%
- 10Y*
- 5.27%
- ALL TIME*
- 5.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $944.69K | $745.01K | $727.53K | |
| $3.24M | $3.27M | $4.35M |
HIPS vs. YYY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 4.62% | 1.00% | 13.71% | 16.09% | -13.47% | 22.65% | -11.74% | 22.94% | -9.30% | 6.30% |
YYY Amplify CEF High Income ETF | 5.30% | 13.08% | 11.86% | 12.98% | -21.78% | 14.13% | -0.86% | 21.87% | -10.21% | 13.86% |
Correlation
The correlation between HIPS and YYY is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2015 | 0.60 |
The correlation between HIPS and YYY shifts across timeframes, from 0.46 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HIPS vs. YYY — Risk / Return Rank
HIPS
YYY
HIPS vs. YYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) and Amplify CEF High Income ETF (YYY). 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 | YYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.20 | -0.41 |
| Martin ratioReturn relative to average drawdown | 1.81 | 5.14 | -3.33 |
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Drawdowns
HIPS vs. YYY - Drawdown Comparison
The maximum HIPS drawdown since its inception was -53.14%, which is greater than YYY's maximum drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for HIPS and YYY.
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Drawdown Indicators
| HIPS | YYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.14% | -42.52% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -8.07% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -15.41% | -13.47% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -21.28% | -27.71% | +6.43% |
Max Drawdown (10Y)Largest decline over 10 years | -53.14% | -42.52% | -10.62% |
Current DrawdownCurrent decline from peak | -2.99% | -1.55% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -6.77% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 1.89% | +0.82% |
Volatility
HIPS vs. YYY - Volatility Comparison
GraniteShares HIPS US High Income ETF (HIPS) and Amplify CEF High Income ETF (YYY) have volatilities of 1.99% and 2.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIPS | YYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 2.00% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 7.33% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 8.77% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 11.35% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 13.87% | +4.09% |
HIPS vs. YYY - Expense Ratio Comparison
HIPS has a 3.19% expense ratio, which is lower than YYY's 3.23% expense ratio.
Dividends
HIPS vs. YYY - Dividend Comparison
HIPS's dividend yield for the trailing twelve months is around 11.26%, less than YYY's 12.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 11.26% | 11.04% | 10.04% | 10.32% | 10.76% | 8.43% | 9.50% | 6.93% | 8.66% | 7.28% | 7.20% | 8.17% |
YYY Amplify CEF High Income ETF | 12.79% | 12.51% | 12.50% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.16% | 10.34% | 10.77% |
Frequently Asked Questions
HIPS and YYY 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.
YYY has higher volatility (2.00%) compared to HIPS (1.99%). In terms of maximum drawdown, HIPS dropped -53.14% vs YYY's -42.52%.
On 10-year performance, YYY leads with 5.27% vs 5.02% for HIPS. On fees, HIPS is cheaper at 3.19% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YYY has performed better with a 5.27% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HIPS is cheaper with a 3.19% expense ratio, compared with 3.23% for YYY.
YYY has the higher dividend yield at 12.79%, compared with 11.26% for HIPS.
HIPS tracks TFMS HIPS Index, while YYY tracks Nasdaq CEF High Income™ Index. They also come from different issuers: GraniteShares and Amplify. Their fees differ too: 3.19% for HIPS and 3.23% for YYY.
YYY currently has the higher Sharpe Ratio (1.11 vs 0.51), 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.
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