GraniteShares HIPS US High Income ETF (HIPS)
| Assets | $100.03M |
| Expense Ratio | 1.17% |
| PE Ratio | n/a |
| Shares Out | 8.20M |
| Dividend (ttm) | $1.29 |
| Dividend Yield | 10.69% |
| Ex-Dividend Date | Jan 28, 2026 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| Volume | 43,594 |
| Open | 12.07 |
| Previous Close | 12.15 |
| Day's Range | 11.99 - 12.11 |
| 52-Week Low | 10.87 |
| 52-Week High | 13.38 |
| Beta | 0.68 |
| Holdings | 42 |
| Inception Date | Jan 6, 2015 |
About HIPS
Fund Home PageThe GraniteShares HIPS US High Income ETF (HIPS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an equal-weighted index of US-listed assets that produce high income and pass through that income without being taxed at the constituent level. The portfolio includes REITs, MLPs, BDCs, and closed-end funds. HIPS was launched on Jan 6, 2015 and is issued by GraniteShares.
Top 10 Holdings
27.71% of assets| Name | Symbol | Weight |
|---|---|---|
| Delek Logistics Partners, LP | DKL | 2.92% |
| Prospect Capital Corporation | PSEC | 2.88% |
| Kimbell Royalty Partners, LP | KRP | 2.87% |
| Enterprise Products Partners L.P. | EPD | 2.79% |
| Dorchester Minerals, L.P. | DMLP | 2.78% |
| CVR Partners, LP | UAN | 2.72% |
| Plains All American Pipeline, L.P. | PAA | 2.72% |
| Black Stone Minerals, L.P. | BSM | 2.71% |
| Alliance Resource Partners, L.P. | ARLP | 2.67% |
| Western Midstream Partners, LP | WES | 2.64% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 28, 2026 | $0.1075 | Jan 30, 2026 |
| Dec 29, 2025 | $0.1075 | Dec 31, 2025 |
| Nov 25, 2025 | $0.1075 | Nov 28, 2025 |
| Oct 29, 2025 | $0.1075 | Oct 31, 2025 |
| Sep 26, 2025 | $0.1075 | Sep 30, 2025 |
| Aug 27, 2025 | $0.1075 | Aug 29, 2025 |
Performance
HIPS had a total return of 1.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.22%.
News
How Income Investors Could Capitalize on a Rate Pause
Income-focused investors have had plenty of factors to keep in consideration as of late. The latest CPI report showed that consumer prices rose at an annual rate of 2.6% in December, which was actuall...
HIPS: The Index Change Was Not An Improvement
GraniteShares HIPS US High Income ETF receives a renewed "Sell" rating due to persistent underperformance and structural capital erosion. HIPS invests equally in CEFs, BDCs, REITs, and MLPs, all categ...
HIPS: Paying Out More Than It Earns (Rating Downgrade)
GraniteShares HIPS US High Income ETF offers high yield via diversified exposure to REITs, CEFs, MLPs, and BDCs. HIPS's 11.2% yield is attractive, but persistent NAV erosion and underperformance versu...
HIPS: Not A Buy And Hold, 10% Yield
The GraniteShares HIPS US High Income ETF (HIPS) tracks the EQM High Income Pass-Through Securities Index, equally weighting 40 holdings across MLPs, BDCs, CEFs, and REITs. HIPS is a volatile, risk-on...
Get Paid Weekly From A Variety Of Options Income ETFs
Weekly income ETFs are booming, with new funds leveraging 0DTE options strategies to generate high-yield, frequent distributions for passive income seekers. Roundhill, YieldMax, Rex Shares, and Granit...
HIPS: Return Of Capital Distributions Can Be Good
HIPS offers a high dividend yield of 10.8% and monthly distributions, making it attractive for income-focused investors, especially retirees. The fund blends REITs, CEFs, MLPs, and BDCs, aiming for ta...
HIPS: The Underlying Index Changed, The Issue Stays The Same
GraniteShares HIPS US High Income ETF holds an equal weight portfolio in CEFs, MLPs, REITs, and BDCs. The change in underlying index last month was not a major one.
HIPS: This ETF Doesn't Lie In A Favorable Spot Right Now
HIPS is an ETF that has the potential to lure investors in with its high yield. But this strategy is built for bull markets in high yield bonds. We are not in one.
HIPS: It's Hard To Make A Good Recipe With Bad Ingredients
HIPS is a high-yield ETF with a portfolio diversified in CEFs, MLPs, mortgage REITs, and BDCs. The yield is very attractive, but price history shows a steep capital decay.
HIPS: A High Yield With 3 Red Flags
HIPS is an income fund invested in CEFs, MLPs, REITs, and BDCs.
HIPS: Diversified Multi-Asset Class ETF, Strong 8.0% Dividend Yield, But Better Choices Out There
A reader and subscriber asked for my thoughts on HIPS. HIPS is a diversified multi-asset class index ETF, offering investors a strong 8.0% dividend yield.
HIPS: A Defense Of Income Investing
Why capital appreciation is a flawed strategy for income generation. Why bonds may not be the solution to the U.S. "Income Crisis".
HIPS: Yield Is Its Only Good Feature
With CDs earning below inflation (and not even close), investors in need of income are searching for high quality investments to meet that need. Not sure HIPS meets that goal. Smart income investors d...
US is in an 'income crisis,' says issuer whose ETF offers a 10% annual yield
In an "income-starved environment," high-income strategies may be good alternatives for investors, says GraniteShares founder and CEO Will Rhind.
Pros and cons of high-income investing with two ETF analysts
GraniteShares CEO Will Rhind and ETF Trends CIO Dave Nadig break down the risks and rewards of plays such as GraniteShares' HIPS ETF. With CNBC's Eric Chemi.