# HIPS ETF returns, drawdowns and dividends

> HIPS (GraniteShares HIPS US High Income ETF): 1-year total return -0.94%, price return -10.49%, max drawdown 15.32%, trailing yield 11.31%. Daily data through Oct. 26, 2026.

Source: https://findetfstock.com/etf/hips/ · Prices through: 2026-10-26 · Data: Yahoo Finance daily closes and ex-dividend amounts

GraniteShares HIPS US High Income ETF (option income ETF). Total assets: $104M, average daily dollar volume $898K (3 months), as of 2026-10-26 (Yahoo Finance; fund net assets, all share classes).

HIPS lost 0.94% over the past year with dividends reinvested (-10.49% on price alone), based on closing prices through Oct. 26, 2026. Over the last 5.3 years (since July 16, 2021) it gained 15.98% with dividends reinvested, or +2.85% a year. Its largest fall from a peak over the past year was 15.32%, and it closed 34.07% below its highest close since July 16, 2021 ($15.93 on Nov. 16, 2021). It pays dividends monthly: $1.19 per share over the last 12 months, a trailing yield of 11.31%. 

## Returns by period

| Period | Since | Total return | Price return |
|---|---|---|---|
| 1 month | 2026-09-25 | -4.81% | -4.81% |
| 3 months | 2026-07-24 | -7.26% | -8.96% |
| 6 months | 2026-04-24 | -7.89% | -12.05% |
| Year to date | 2025-12-31 | -3.23% | -10.10% |
| 1 year | 2025-10-24 | -0.94% | -10.49% |
| 3 years | 2023-10-26 | +23.05% (+7.16%/yr) | -9.56% (-3.29%/yr) |
| 5 years | 2021-07-16 | +15.98% (+2.85%/yr) | -31.24% (-6.85%/yr) |

Total return reinvests every dividend at the ex-dividend date close. Price return excludes dividends.

## Did the payouts keep up with the price?

Over the past year HIPS paid out 10.13% of its starting price in distributions, while its price changed -10.49%. Reinvesting every payment gave a total return of -0.94%. The distributions did not make up for the fall in price, so a holder ended the year with less than they started with, even counting every payment.

## Calendar-year returns

| Year | Total return | Price return |
|---|---|---|
| 2026 (year to date) | -3.23% | -10.10% |
| 2025 | +1.03% | -9.12% |
| 2024 | +13.78% | +2.82% |
| 2023 | +16.17% | +4.25% |
| 2022 | -13.47% | -21.60% |

## Drawdowns

| Measure | Value |
|---|---|
| Max drawdown, 1 year | 15.32% |
| Max drawdown, 3 years | 22.40% |
| Max drawdown, 5 years | 34.76% |
| Highest close since 2021-07-16 | $15.93 on 2021-11-16 (-34.07% from there) |
| 52-week closing range | $10.39 to $12.27 |

Deepest fall in the stored history: 34.76%, from 2021-11-16 to 2026-10-19, not yet recovered.

## Dividends

Trailing 12 months: $1.19 per share in 11 payments, yield 11.31%. Last ex-dividend date: 2026-08-27 ($0.11).

| Year | Dividends per share | Payments |
|---|---|---|
| 2026 (so far) | $0.86 | 8 |
| 2025 | $1.30 | 12 |
| 2024 | $1.30 | 12 |
| 2023 | $1.30 | 12 |
| 2022 | $1.30 | 12 |

Historical data for research and education, not investment advice. Methodology: https://findetfstock.com/methodology/