ATLASGraniteShares HIPS US High Income ETF (HIPS): outlook, holdings and fees
GraniteShares HIPS US High Income ETF (HIPS) is an exchange-traded fund and is managed by Graniteshares. The expense ratio is 2.07% and the yield is 12.00%. The ten largest holdings are 29% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on HIPS
| Last price | $10.64 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 56% |
| Likely 1-month range (50%) | $10.45 – $10.94 |
| Normal 1-day range (±1σ) | ±0.8% |
| Distribution yield | 12.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
HIPS fund facts
| Issuer | Graniteshares |
|---|---|
| Theme | Bonds (broad) |
| Assets under management | $95.8M |
| Expense ratio | 2.07% |
| Number of holdings | 39 |
| Portfolio turnover | 109% |
| Inception | Jan 7, 2015 |
| Exchange | NYSE |
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 top holdings
| Holding | Sector | Weight |
|---|---|---|
| Dorchester Minerals LP DMLP | Energy | 3.17% |
| Black Stone Minerals LP BSM | Energy | 2.93% |
| Capital Southwest Corporation CSWC | Financial Services | 2.81% |
| Alliance Resource Partners LP ARLP | Energy | 2.85% |
| BlackRock Enhanced Capital and Income Closed Fund CII | Financial Services | 2.92% |
| MPLX LP MPLX | Energy | 2.86% |
| Enterprise Products Partners LP EPD | Energy | 2.81% |
| CVR Partners LP UAN | Basic Materials | 2.96% |
| FS KKR Capital Corp FSK | Financial Services | 2.68% |
| Delek Logistics Partners LP DKL | Energy | 2.76% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
HIPS sector breakdown
| Sector | Weight |
|---|---|
| Energy | 34.4% |
| Financial Services | 32.5% |
| Real Estate | 29.2% |
| Basic Materials | 4.0% |
By region: North America 99.9%, Europe Developed 0.2%.
HIPS returns and risk
| Year to date | -1.0% |
|---|---|
| 1 year | +1.3% |
| 3 years (annualised) | +7.8% |
| 5 years (annualised) | +2.9% |
| 10 years (annualised) | +4.4% |
| Volatility (3 years) | 10.4% |
| Sharpe ratio (3 years) | 0.28 |
Past returns do not guarantee future results.
HIPS: frequently asked questions
What does HIPS invest in?
GraniteShares HIPS US High Income ETF invests in a portfolio of securities. Its largest holdings are Dorchester Minerals LP (3.2%), Black Stone Minerals LP (2.9%), Capital Southwest Corporation (2.8%), Alliance Resource Partners LP (2.9%), BlackRock Enhanced Capital and Income Closed Fund (2.9%).
What is the HIPS expense ratio?
2.07% a year: about $207.00 for every $10,000 invested.
What is the HIPS dividend yield?
12.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will HIPS go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 56%, with a likely range (50%) of $10.45 to $10.94 from $10.64 today. It is a probability, not a prediction.
How has HIPS performed?
Year to date -1.0%, one year +1.3%, three years +7.8% a year, five years +2.9% a year. Past returns do not guarantee future results.
Similar ETFs: Bonds (broad)
- Vanguard Total Bond Market ETF (BND)
- Vanguard Tax-Exempt Bond ETF (VTEB)
- Vanguard Short-Term Bond ETF (BSV)
- JPMorgan Equity Premium Income ETF (JEPI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
- Vanguard Intermediate-Term Bond ETF (BIV)
- NEOS S&P 500 High Income ETF (SPYI)
- Dimensional Core Fixed Income ETF (DFCF)
Educational information, not investment advice. Disclaimer