GraniteShares HIPS US High Income ETF (HIPS)
| 13.81 Delayed Data As of Jan 22 |  -0.06 / -0.43%Today’s Change | 7.68 Today|||52-Week Range 17.31 | +1.69% 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 | +3.05% | 3 years | -0.40% | |
| 3 months | +17.87% | 5 years | +7.45% | |
| 1 year | -11.52% | Since inception | +1.57% |
Data through 01/23/2021
Quote Details
| Previous close | $13.87 |
| Open day’s range | 13.77 – 13.81 |
| Net asset value (NAV) | 13.76 (01/22/2021) |
| Daily volume | 37,953 |
| Average volume (3 months) | 29,441 |
Data as of 2:23pm ET, 01/22/2021
Peer Comparisonvs. Allocation--85%+ equity ETFs
| HIPS | Category | |
|---|---|---|
| Performance 5-yr return | +7.45% | +11.03% |
| Expense Gross exp ratio | 1.27% | 1.23% |
| Risk 5 year sharpe ratio | 0.29 | 0.68 |
| Net assets | $22.9M | $1.1B |
| Average market cap | $4.4B | $54.6B |
| Average P/E | 17.7 | 26.1 |
| 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
| GLO Clough Global Opportunities Fund | 3.05% |
| HIX Western Asset High Income Fund II | 2.93% |
| AVK Advent Convertible & Income Fund | 2.92% |
| TY Tri-Continental Corporation | 2.89% |
| EHI Western Asset Global High Income Fund | 2.87% |
| HIO Western Asset High Income Opportunity Fund Inc. | 2.86% |
| BGY BlackRock Enhanced International Dividend Trust | 2.78% |
| BOE BlackRock Enhanced Global Dividend Trust | 2.73% |
| CNS Cohen & Steers Inc | 2.72% |
| AOD Aberdeen Total Dynamic Dividend Fund | 2.71% |
