HIPS vs PBTP

Comparison between GraniteShares HIPS US High Income ETF (HIPS, ETF) and INVESCO 0-5 YR US TIPS ETF (PBTP, ETF).

5-Year PerformanceHIPS has outperformed PBTP, delivering a return of +4.8% compared to +3.1%

HIPS vs PBTP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HIPS(ETF)	PBTP(ETF)
Net Assets	$116M	$116M
Expense Ratio	1.17%	0.07%
Max Drawdown	61.65%	9.90%
Sharpe Ratio	0.48	-0.69
5Y Beta	0.48	-0.01
P/E Ratio	15.29	N/A
Forward P/E	10.20	N/A
PEG Ratio	0.09	N/A
5Y Dividends CAGR	1.61%	27.17%
P/S Ratio	2.41	N/A
P/B Ratio	1.12	N/A

Net Assets

HIPS

$116M

PBTP

$116M

Expense Ratio

HIPS

1.17%

Winner

PBTP

0.07%

Max Drawdown

HIPS

61.65%

Winner

PBTP

9.90%

Sharpe Ratio

Winner

HIPS

0.48

PBTP

-0.69

5Y Beta

HIPS

0.48

Winner

PBTP

-0.01

P/E Ratio

HIPS

15.29

PBTP

N/A

Forward P/E

HIPS

10.20

PBTP

N/A

PEG Ratio

HIPS

0.09

PBTP

N/A

5Y Dividends CAGR

HIPS

1.61%

Winner

PBTP

27.17%

P/S Ratio

HIPS

2.41

PBTP

N/A

P/B Ratio

HIPS

1.12

PBTP

N/A

HIPS vs PBTP - Historical Returns

Returns include dividend reinvestment.

Period	HIPS	PBTP
1 month	+3.70%	+0.51%
3 months	+4.06%	+0.41%
6 months	+5.53%	+1.53%
1 year	+8.55%	+2.84%
5 years(CAGR)	+4.83%	+3.13%
10 years(CAGR)	+5.14%	+3.35%
Max(CAGR)	+4.45%	+3.35%

Winner

HIPS

+3.70%

PBTP

+0.51%

Winner

HIPS

+4.06%

PBTP

+0.41%

Winner

HIPS

+5.53%

PBTP

+1.53%

Winner

HIPS

+8.55%

PBTP

+2.84%

5Y(CAGR)

Winner

HIPS

+4.83%

PBTP

+3.13%

10Y(CAGR)

Winner

HIPS

+5.14%

PBTP

+3.35%

Max(CAGR)

Winner

HIPS

+4.45%

PBTP

+3.35%

HIPS vs PBTP - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	HIPS	PBTP
2026	+7.13%	+2.24%
2025	+0.92%	+5.90%
2024	+14.22%	+4.79%
2023	+14.87%	+4.57%
2022	-13.14%	-3.02%
2021	+24.50%	+5.41%
2020	-11.19%	+4.75%
2019	+22.36%	+4.74%
2018	-10.35%	+0.59%
2017	+5.25%	+0.04%
2016	+22.17%	N/A
2015	-15.30%	N/A

HIPS vs PBTP Drawdown Comparison

The maximum drawdown for HIPS was -53.03%, occurring on Mar 23, 2020. Recovery took 302 trading sessions.

The maximum drawdown for PBTP was -5.44%, occurring on Sep 30, 2022. Recovery took 443 trading sessions.

The current HIPS drawdown is -0.17%.

Rank	HIPS	PBTP
#1	-53.03% Feb 20, 2020 - May 3, 2021	-5.44% Mar 11, 2022 - Dec 14, 2023
#2	-32.09% Feb 5, 2015 - Dec 9, 2016	-5.35% Mar 5, 2020 - Jun 8, 2020
#3	-21.31% Nov 16, 2021 - Feb 23, 2024	-2.18% Nov 17, 2021 - Mar 1, 2022
#4	-18.70% Aug 24, 2018 - Apr 15, 2019	-1.04% Nov 15, 2018 - Jan 31, 2019
#5	-15.41% Feb 20, 2025 - Jan 14, 2026	-1.03% Apr 30, 2025 - Jun 26, 2025
#6	-11.12% Jan 23, 2018 - Jul 6, 2018	-1.00% Apr 3, 2025 - Apr 28, 2025
#7	-6.26% Jun 14, 2021 - Oct 14, 2021	-0.97% Aug 24, 2018 - Nov 15, 2018
#8	-5.73% Apr 15, 2019 - Jul 16, 2019	-0.81% Sep 24, 2024 - Jan 15, 2025
#9	-5.69% Jul 19, 2017 - Jan 16, 2018	-0.75% Jun 2, 2026 - Aug 20, 2026
#10	-5.59% May 1, 2026 - Aug 14, 2026	-0.68% Jan 31, 2024 - Mar 1, 2024
#11	-5.44% Jul 31, 2024 - Aug 26, 2024	-0.66% Mar 17, 2026 - Apr 7, 2026
#12	-4.87% Dec 2, 2024 - Feb 14, 2025	-0.63% Aug 3, 2021 - Aug 27, 2021
#13	-4.63% Jul 24, 2019 - Sep 19, 2019	-0.63% May 18, 2021 - Jul 2, 2021
#14	-4.52% Jan 16, 2026 - Apr 15, 2026	-0.60% Feb 12, 2021 - Mar 2, 2021
#15	-4.42% Feb 21, 2017 - Apr 25, 2017	-0.53% Oct 22, 2025 - Jan 7, 2026

Correlation

Correlation between HIPS and PBTP is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2015 - 2026)

HIPS vs PBTP dividend yield comparison.

Year	HIPS	PBTP
2026	6.35%	2.77%
2025	11.04%	3.82%
2024	10.04%	2.59%
2023	10.32%	2.36%
2022	10.76%	5.33%
2021	8.43%	3.12%
2020	9.50%	1.25%
2019	6.93%	2.12%
2018	8.66%	2.33%
2017	7.28%	0.73%
2016	7.20%	0.00%
2015	8.17%	0.00%