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HIPS ETF · GraniteShares HIPS US High Income ETF
The HIPS Exchange Traded Fund (ETF) is provided by GraniteShares. It is built to track an index: EQM High Income Pass-Through Securities Index. The HIPS ETF provides physical exposure, so by buying it you actually own parts of all the 37 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofUncategorized Equities1M perf.-1.81%
Last price
$11.59
1M perf.
-1.85%
1M flows
+€1M
AuM
€85M
E/R
1.17%
Rating
Not rated
ESG Consensus®
HIPS
$11.59
Performance & flows
December 11, 2025 → March 11, 2026
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HIPS
$11.71
+1.71%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.85% | +1.71% | +3.16% | +36.60% | +32.80% | +0.19% | +2.36% | +2.36% | |
| Flows |
Key fund info
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
38747R306
ISIN
US38747R3066
AuM
€85M
E/R
1.17%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/11/2026
$11.74
1D NAV change
+0.67%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
37
Inception date
1/6/2015
Jurisdiction
United States
Distribution
United States Minor Outlying Islands
United States
Legal structure
Open-end Management Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
EQM High Income Pass-Through Securities Index
Asset class
Factors
N/A
Investment strategy
The GraniteShares HIPS US High Income ETF seeks to track the performance, before fees and expenses, of the EQM High Income Pass-Through Securities Index.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.71% | +3.16% | +36.60% | +32.80% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
93.40%
Unavailable
6.60%
Sectors
Financials
36.60%
Energy
23.84%
Materials
2.64%
Unavailable
36.92%
Diversification
Total weight of top 15 holdings out of 37
Top 15 holdings
Data as of January 31, 2026
DORCHESTER MINERALS UNT
KIMBELL ROYALTY PARTNERS
DELEK LOGISTICS PARTNERS LP
BLACK STONE MINERALS LP
PROSPECT CAPITAL
US90187B8046
PLAINS ALL AMERICAN PIPELINE UNT
CVR PARTNERS UNT
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US68571X3017
US64128C1062
CAPITAL SOUTHWEST
AGNC INVESTMENT CORP
WESTERN MIDSTREAM PARTNERS LP
MPLX COMMON UNITS
US95766J1025
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
EQM High Income Pass-Through Securities Index - USD
Index ticker
HIPSTR Index
Index dividend policy
GTR
Replication method
Replication model
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
GraniteShares
GraniteShares ID Card
Number of funds
135
Total AuM
€9.51B
Expense ratio range
0.1749% - 59.05%
Average expense ratio
4.6837%
Top 5 funds by GraniteShares
| AuM | ||
|---|---|---|
NVDL | GraniteShares 2x Long NVDA Daily ETF | €3.72B |
BAR | GraniteShares Gold Trust ETF | €1.58B |
CONL | GraniteShares 2x Long COIN Daily ETF | €500M |
AMDL | GraniteShares 2x Long AMD Daily ETF | €464M |
PTIR | GraniteShares 2x Long PLTR Daily ETF | €424M |
Frequently asked questions about HIPS
What does GraniteShares HIPS US High Income ETF, HIPS, invest in?
HIPS is a Passive ETF. This ETF provides exposure to Other Equities.
Which benchmark or index does HIPS replicate?
HIPS tracks the EQM High Income Pass-Through Securities Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of HIPS?
HIPS carries a total expense ratio (TER) of 1.17%, indicating the annual cost for holding the fund.
When was HIPS launched?
HIPS was introduced to the market on January 6, 2015. It trades on United States Minor Outlying Islands, among other exchanges
Who is the ETF issuer of HIPS?
GraniteShares HIPS US High Income ETF, HIPS, is provided by GraniteShares. Learn more about GraniteShares here.
What is the current assets under management (AUM) of HIPS?
HIPS oversees €85M in assets as of March 11, 2026.
How has HIPS performed lately?
Based on data from March 11, 2026, HIPS returned -1.85% over the past month, 1.71% over the last three months and 2.36% year-to-date.
What are the latest inflows or outflows for HIPS?
As of March 11, 2026, HIPS recorded net flows of +€1M over the last month and -€9.9M year-to-date.
Does HIPS distribute dividends?
HIPS follows a distributing dividend policy, meaning it pays out income to investors. As of March 11, 2026, its 12-month trailing yield was 10.98%.
What are the main country or region exposures of HIPS?
As of January 31, 2026, HIPS has significant geographic allocations in USA.
In which sector or theme does HIPS invest in?
As of January 31, 2026, HIPS focuses largely on Financials, Energy and Materials.
How many securities does HIPS hold and how diversified is it?
As of January 31, 2026, HIPS holds 37 positions in its portfolio, with 39.80% of assets concentrated in its top 15 holdings.
What are the main positions in HIPS?
As of January 31, 2026, HIPS top three holdings include DORCHESTER MINERALS UNT, KIMBELL ROYALTY PARTNERS and DELEK LOGISTICS PARTNERS LP.
What is the base currency of HIPS?
The base currency of HIPS is USD.
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