GraniteShares HIPS US High Income ETF (HIPS)

NYSE Arca: HIPSExchange-traded fund from Graniteshares.

  • Expense ratio2.07%
  • Net assets$94.3M
  • Dividend yield12.00%
  • 1-year return+0.66%
  • Holdings39

HIPS ETF price chart

HIPS quote & trading statistics

HIPS performance

Annual returns & drawdowns →
  • YTD-1.69%
  • 1 year+0.66%
  • 3 years+7.63%/yr
  • 5 years+2.08%/yr
  • 10 years+4.50%/yr
1Y volatility
12.09%
3Y volatility
10.44%
3Y Sharpe ratio
0.28

Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.

HIPS top 10 holdings

All holdings →
#SymbolNameWeight
1DMLPDorchester Minerals LP3.15%
2ARLPAlliance Resource Partners LP3.05%
3MPLXMPLX LP3.02%
4KRPKimbell Royalty Partners LP3.00%
5EPDEnterprise Products Partners LP2.97%
6BSMBlack Stone Minerals LP2.92%
7UANCVR Partners LP2.87%
8CIIBlackRock Enhanced Capital and Income Closed Fund2.86%
9CSWCCapital Southwest Corporation2.85%
10DKLDelek Logistics Partners LP2.76%

The top 10 holdings make up 29.5% of the fund (39 holdings in total). As of October 25, 2026.

HIPS sector weights

Energy
34.5%
Financial Services
31.2%
Real Estate
27.4%
Basic Materials
3.8%

HIPS region weights

North America
102.5%
Europe Developed
0.2%

HIPS asset allocation

U.S. stocks
71.2%
Bonds
26.2%
Other
2.0%
Not classified
0.4%
Non-U.S. stocks
0.1%

HIPS market-cap breakdown

Micro cap
54.5%
Mid cap
11.2%
Small cap
6.3%
Large cap
0.1%

About GraniteShares HIPS US High Income ETF

The fund employs a passive management-or indexing-investment approach designed to track the performance of the index. The rules-based index measures the performance of up to 40 high income U.S.-listed securities that typically have pass-through structures that require them to distribute substantially all of their earnings to shareholders as cash distributions. This high income, pass-through strategy is known as HIPS.

HIPS ETF FAQ

What is the HIPS expense ratio?

GraniteShares HIPS US High Income ETF has a net expense ratio of 2.07%, or $207.00 a year for every $10,000 invested.

How much money is in HIPS?

GraniteShares HIPS US High Income ETF has about $94.3M in net assets.

What are the top holdings of HIPS?

The largest positions in HIPS are Dorchester Minerals LP (3.15%), Alliance Resource Partners LP (3.05%), MPLX LP (3.02%). The fund holds 39 securities in total.

How has HIPS performed?

HIPS returned +0.66% over the past year and +2.08% a year over the past five years, including reinvested distributions.

Does HIPS pay dividends?

HIPS has a dividend yield of 12.00% and pays distributions monthly.

When was HIPS launched?

GraniteShares HIPS US High Income ETF began trading on January 7, 2015.