GraniteShares HIPS US High Income ETF (HIPS)
| 14.31 Delayed Data As of 2:08pm ET |  +0.04 / +0.28%Today’s Change | 7.68 Today|||52-Week Range 16.01 | +5.38% Year-to-Date |
Investment Objective
The investment seeks to track the performance, before fees and expenses, of the TFMS HIPS Index. 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 60 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.
Latest HIPS News
No recent news for GraniteShares HIPS US High Income ETF.
Performance
| 1 month | +2.55% | 3 years | +2.74% | |
| 3 months | +7.35% | 5 years | +7.96% | |
| 1 year | -3.32% | Since inception | +2.12% |
Data through 02/27/2021
Quote Details
| Previous close | $14.27 |
| Open day’s range | 14.27 – 14.32 |
| Net asset value (NAV) | 14.02 (02/26/2021) |
| Daily volume | 39,285 |
| Average volume (3 months) | 39,844 |
Data as of 2:08pm ET, 03/02/2021
Peer Comparisonvs. Allocation--85%+ equity ETFs
| HIPS | Category | |
|---|---|---|
| Performance 5-yr return | +7.96% | +11.03% |
| Expense Gross exp ratio | 1.27% | 1.24% |
| Risk 5 year sharpe ratio | 0.37 | 0.77 |
| Net assets | $27.7M | $1.1B |
| Average market cap | $7.2B | $55.9B |
| Average P/E | 16.2 | 25.1 |
| Dividend / Share | -- | 0.17% |
Competitors
| FFSG FormulaFolios Smart Growth ETF |
Holdings
Top 5 SectorsPortfolio weighting
| Business service | -- |
| Consumer goods | -- |
| Consumer service | -- |
| Energy | -- |
| Financial service | -- |
Top 10 HoldingsPortfolio weighting
| VTA Invesco Dynamic Credit Opportunities Fund | 3.79% |
| BGB Blackstone Strategic Credit Fund | 3.76% |
| DSU BlackRock Debt Strategies Fund Inc | 3.73% |
| BOE BlackRock Enhanced Global Dividend Trust | 3.69% |
| BIT BlackRock Multi-Sector Income Trust | 3.67% |
| EVV Eaton Vance Limited Duration Income Fund | 3.66% |
| AOD Aberdeen Total Dynamic Dividend Fund | 3.65% |
| FAX Aberdeen Asia-Pacific Income Fund Inc | 3.64% |
| HQH Tekla Healthcare Investors | 3.62% |
| ISD PGIM High Yield Bond Fund, Inc. | 3.60% |
