HIPS vs IVV
GraniteShares HIPS US High Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HIPS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.17% | 0.03% | |
| AUM | $119M | $907.0B | |
| Dividend Yield | 11.25% | 1.10% | |
| Holdings | 81 | 508 | |
| YTD Return | +6.56% | +12.96% | |
| 1Y Return | +8.33% | +20.70% | |
| 3Y Return (annualized) | +10.44% | +22.10% | |
| 5Y Return (annualized) | +4.96% | +13.40% | |
| Volatility (annualized) | 18.5% | 15.1% | |
| Max Drawdown | -61.6% | -56.5% | |
| Fund Family | GraniteShares | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jan 7, 2015 | May 15, 2000 |
HIPS vs IVV Performance
GraniteShares HIPS US High Income ETF (HIPS) is a ETF from GraniteShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HIPS returned +8.33% while IVV returned +20.70%. Year to date, HIPS is up 6.56% versus a gain of 12.96% for IVV.
Over three years, HIPS compounded at +10.44% per year against +22.10% for IVV; over five years the annualized figures are +4.96% and +13.40% respectively. Across the full 12-year window we track, IVV has the edge at +7.01% annualized vs +0.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HIPS has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -61.6% for HIPS and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HIPS charges 1.17% per year while IVV charges 0.03%. On a $10,000 position that is $117 vs $3 annually, a gap of $114 per year that compounds over a long holding period. On income, HIPS currently yields 11.25% against 1.10% for IVV.
Holdings Overlap
HIPS and IVV share 0 holdings out of 545 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HIPS or IVV?
HIPS has an expense ratio of 1.17% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $114 per year of difference.
Which performed better, HIPS or IVV?
Over the past year HIPS returned +8.33% vs +20.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (12 years), HIPS annualized +0.15% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, HIPS or IVV?
HIPS has been the more volatile fund at 18.5% annualized versus 15.1% for IVV. Worst drawdown: HIPS -61.6% vs IVV -56.5%.
Should I hold both HIPS and IVV?
HIPS and IVV have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HIPS and IVV?
HIPS and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 545 unique securities.
Which pays a higher dividend, HIPS or IVV?
HIPS yields 11.25% while IVV yields 1.10%, so HIPS currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.