HIPS/ GraniteShares HIPS US High Income ETF
Comprehensive risk audit, payout history, and forward-looking dividend projections.
What This Page Shows
- Dividend yield and net yield after fees (0.00% vs 0.00%)
- Risk tier classification: Tier 4 Volatility Harvest
- TTM NAV change: -10.0%
- Income sustainability flags and payout history trends
DivAgent Audit Brief
HIPS is a Tier 4 Volatility Harvest asset yielding 0.00%. It utilizes an aggressive options strategy to generate income, resulting in high immediate yield but significant risk of NAV erosion. Warning: NAV has declined -10.0% over the TTM.
Provider
GraniteShares
Sector
—
Asset Class
—
Expense Ratio
1.17%
AUM
$108.05M
Inception
—
Distribution
monthly
NAV Change (1Y)
-10.0%
Who Should Buy HIPS?
HIPS is best suited for Income Maximizers. The fund generates a 0.00% yield through collecting dividends from portfolio companies.
Aggressive income seekers who prioritize high current cash flow over capital appreciation.
You are building a 'forever portfolio' and cannot tolerate NAV (share price) decline.
Quick Audit
- TypeTraditional Equity
- ComplexityHigh
- Tax EfficiencyLow (Ordinary Income)
- VolatilityModerate (Lower Beta)
Comparing stated yield to actual total return performance
Yield ≠ Returns
This high-yield fund is experiencing significant NAV erosion. While the stated yield is 0.0%, your actual return is only -10.0% due to principal decline.
High-Yield Strategy Note: Tier 4 funds use aggressive income strategies. Always evaluate total return alongside yield to understand true performance.
Liquidity Warning: High Risk
HIPS has high liquidity risk. You may experience wide bid-ask spreads and significant slippage when entering or exiting positions. Consider using limit orders and avoid market orders for large positions.
Institutional Data Locked
Advanced liquidity metrics for Tier 4 assets are available to Premium members.
Unlock MetricsDivAgent Analyst Verdict
“HIPS is currently serving as a high-yield accelerator. Investors should be aware that a traditional equity holding that pays dividends from corporate earnings and cash flow. focused on long-term sustainability and potential dividend growth.”
Risk Profile Audit
Classified as high risk to principal. Significant NAV erosion is possible during volatile markets. Suitable only for income-focused satellite positions.
Price Chart
Live DataCalculate Your Returns
Estimate income for HIPS
~84.10 shares at $11.89
Estimates use the latest forecasted distribution and are not guarantees.
Track HIPS in DivAgentVerified Payout History
Last 5 of 20 Payments| Ex-Dividend Date | Amount | Frequency | Status |
|---|---|---|---|
| Jan 28, 2026 | $0.1080 | Monthly | PAID |
| Dec 29, 2025 | $0.1080 | Monthly | PAID |
| Nov 25, 2025 | $0.1080 | Monthly | PAID |
| Oct 29, 2025 | $0.1080 | Monthly | PAID |
| Sep 26, 2025 | $0.1080 | Monthly | PAID |
+15 more dividends hidden | |||
15 more dividends available
Upgrade to Premium to see up to 10 historical dividends, or Pro for unlimited access.
Compare HIPS Alternatives
See All ComparisonsHIPS FAQ
Common questions about HIPS dividends, safety, and performance
Institutional Analysis Context
This FAQ section provides institutional-grade analysis of HIPS. DivAgent evaluates dividend ETFs using a proprietary 5-Tier Risk Spectrum that measures income sustainability, NAV erosion risk, and distribution source quality. Data is updated daily from market sources.
DivAgent Data Methodology
Risk Tier Classification
Our 5-Tier Risk Spectrum is not an editorial opinion. It is a quantitative scoring model derived from 36-month volatility, max drawdown depth, and option skew (for derivative funds). A "Tier 1" rating implies volatility comparable to short-term treasuries, while "Tier 5" indicates localized volatility exceeding the S&P 500.
NAV Erosion Calculation
We calculate "Erosion" by stripping out distribution payments to isolate the price performance of the underlying collateral. If a fund's share price drops by more than its distribution yield over a rolling 12-month period, it is flagged as eroding capital. This protects investors from "Yield Traps" that return their own principal as taxable income.
Yield vs. Income
DivAgent distinguishes between "SEC Yield" (standardized) and "Distribution Rate" (cash-on-cash). For option-income ETFs (e.g., Covered Calls), we prioritize the Trailing 12-Month (TTM) distribution rate as a more accurate reflection of realized income, while flagging that future payouts fluctuate with implied volatility.
Performance Benchmarking
All "Total Return" metrics differ from price return. We assume immediate reinvestment of all dividends (DRIP) on the pay date, with no tax friction. This "Net Total Return" metric allows for a true apples-to-apples comparison between high-yield/flat-price funds and low-yield/high-growth funds.