HYGW vs HIPS
Comparison between ISHARES HIGH YIELD CORPORATE BOND BUYWRITE STRATEGY ETF (HYGW, ETF) and GraniteShares HIPS US High Income ETF (HIPS, ETF).
HYGW vs HIPS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HYGW
$110M
Winner
HIPS
$110M
Expense Ratio
Winner
HYGW
0.69%
HIPS
1.17%
Max Drawdown
Winner
HYGW
27.84%
HIPS
61.65%
Sharpe Ratio
Winner
HYGW
0.57
HIPS
0.02
5Y Beta
Winner
HYGW
0.16
HIPS
0.49
P/E Ratio
HYGW
N/A
HIPS
17.55
Forward P/E
HYGW
N/A
HIPS
10.14
PEG Ratio
HYGW
N/A
HIPS
0.25
5Y Dividends CAGR
HYGW
N/A
HIPS
1.61%
P/S Ratio
HYGW
N/A
HIPS
2.58
P/B Ratio
HYGW
N/A
HIPS
1.09
HYGW vs HIPS - Holdings Comparison
HYGW and HIPS have 0 common holdings. Overlap is 0.00%
HYGW's top 25 holdings weight is 99.86%. HIPS's top 25 holdings weight is 66.46%.
| Rank | HYGW | HIPS |
|---|---|---|
| #1 | ISHARES IBOXX $ HIGH YIELD CORP BD ETF (HYG) - 99.86% | PLAINS ALL AMERICAN PIPELINE LP (PAA) - 3.01% |
| #2 | N/A | DELEK LOGISTICS PARTNERS LP (DKL) - 2.95% |
| #3 | N/A | DORCHESTER MINERALS LP (DMLP) - 2.94% |
| #4 | N/A | KIMBELL ROYALTY PARTNERS LP (KRP) - 2.92% |
| #5 | N/A | TWO HARBORS INVESTMENT CORP (TWO) - 2.92% |
| #6 | N/A | CVR PARTNERS LP (UAN) - 2.84% |
| #7 | N/A | BLACKROCK ENHANCED CAP&INC FUND, INC (CII) - 2.83% |
| #8 | N/A | WESTERN MIDSTREAM PARTNERS LP (WES) - 2.82% |
| #9 | N/A | CAPITAL SOUTHWEST CORP (CSWC) - 2.75% |
| #10 | N/A | MPLX LP PARTNERSHIP UNITS (MPLX) - 2.72% |
| #11 | N/A | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 2.72% |
| #12 | N/A | ALLIANCE RESOURCE PARTNERS LP (ARLP) - 2.61% |
| #13 | N/A | AGNC INVESTMENT CORP (AGNC) - 2.60% |
| #14 | N/A | BLACK STONE MINERALS LP PARTNERSHIP UNITS (BSM) - 2.60% |
| #15 | N/A | GOLDMAN SACHS BDC INC (GSBD) - 2.55% |
| #16 | N/A | NUVEEN FLOATING RATE INCOME FUND (JFR) - 2.52% |
| #17 | N/A | ANNALY CAPITAL MANAGEMENT INC (NLY) - 2.50% |
| #18 | N/A | ELLINGTON FINANCIAL INC (EFC) - 2.50% |
| #19 | N/A | ARMOUR RESIDENTIAL REIT INC (ARR) - 2.49% |
| #20 | N/A | WESTERN ASSET HIGH INCOME FUND II INC (HIX) - 2.48% |
| #21 | N/A | PIMCO HIGH INCOME FUND (PHK) - 2.47% |
| #22 | N/A | GOLUB CAPITAL BDC INC (GBDC) - 2.45% |
| #23 | N/A | ORCHID ISLAND CAPITAL INC (ORC) - 2.43% |
| #24 | N/A | BARINGS BDC INC (BBDC) - 2.42% |
| #25 | N/A | BLACKROCK DEBT STRATEGIES FUND INC (DSU) - 2.42% |
| Total Holdings | 1 | 41 |
HYGW vs HIPS - Historical Returns
Returns include dividend reinvestment.
1M
HYGW
-0.20%
Winner
HIPS
+2.40%
3M
Winner
HYGW
+1.08%
HIPS
-0.69%
6M
Winner
HYGW
+1.57%
HIPS
-0.13%
1Y
Winner
HYGW
+5.50%
HIPS
+3.30%
5Y(CAGR)
HYGW
N/A
HIPS
+4.36%
10Y(CAGR)
HYGW
N/A
HIPS
+4.86%
Max(CAGR)
Winner
HYGW
+5.67%
HIPS
+4.16%
HYGW vs HIPS - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | HYGW | HIPS |
|---|---|---|
| 2026 | +1.94% | +3.30% |
| 2025 | +6.12% | +0.92% |
| 2024 | +7.01% | +14.22% |
| 2023 | +7.10% | +14.87% |
| 2022 | -0.15% | -13.14% |
| 2021 | N/A | +24.50% |
| 2020 | N/A | -11.19% |
| 2019 | N/A | +22.36% |
| 2018 | N/A | -10.35% |
| 2017 | N/A | +5.25% |
| 2016 | N/A | +22.17% |
| 2015 | N/A | -15.30% |
HYGW vs HIPS Drawdown Comparison
The maximum drawdown for HYGW was -5.49%, occurring on Sep 27, 2022. Recovery took 92 trading sessions.
The maximum drawdown for HIPS was -53.03%, occurring on Mar 23, 2020. Recovery took 302 trading sessions.
The current HYGW drawdown is -0.59%. The current HIPS drawdown is -3.27%.
| Rank | HYGW | HIPS |
|---|---|---|
| #1 | -5.49% Aug 25, 2022 - Jan 6, 2023 | -53.03% Feb 20, 2020 - May 3, 2021 |
| #2 | -3.65% Jul 31, 2023 - Jan 8, 2024 | -32.09% Feb 5, 2015 - Dec 9, 2016 |
| #3 | -3.41% Feb 28, 2025 - Jun 2, 2025 | -21.31% Nov 16, 2021 - Feb 23, 2024 |
| #4 | -2.90% Feb 2, 2023 - Apr 21, 2023 | -18.70% Aug 24, 2018 - Apr 15, 2019 |
| #5 | -1.82% Feb 19, 2026 - May 1, 2026 | -15.41% Feb 20, 2025 - Jan 14, 2026 |
| #6 | -1.33% Apr 8, 2024 - May 21, 2024 | -11.12% Jan 23, 2018 - Jul 6, 2018 |
| #7 | -0.93% Dec 17, 2024 - Jan 30, 2025 | -6.26% Jun 14, 2021 - Oct 14, 2021 |
| #8 | -0.92% Aug 1, 2024 - Aug 9, 2024 | -5.73% Apr 15, 2019 - Jul 16, 2019 |
| #9 | -0.92% Jun 30, 2023 - Jul 12, 2023 | -5.69% Jul 19, 2017 - Jan 16, 2018 |
| #10 | -0.90% Oct 1, 2025 - Oct 15, 2025 | -5.59% May 1, 2026 - Jun 17, 2026 |
| #11 | -0.90% May 10, 2023 - Jun 2, 2023 | -5.44% Jul 31, 2024 - Aug 26, 2024 |
| #12 | -0.86% Nov 8, 2024 - Dec 5, 2024 | -4.87% Dec 2, 2024 - Feb 14, 2025 |
| #13 | -0.68% Nov 11, 2025 - Nov 28, 2025 | -4.63% Jul 24, 2019 - Sep 19, 2019 |
| #14 | -0.68% Jul 26, 2023 - Jul 31, 2023 | -4.52% Jan 16, 2026 - Apr 15, 2026 |
| #15 | -0.66% Jun 15, 2023 - Jun 28, 2023 | -4.42% Feb 21, 2017 - Apr 25, 2017 |
Correlation
Correlation between HYGW and HIPS is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2015 - 2026)
HYGW vs HIPS dividend yield comparison.
| Year | HYGW | HIPS |
|---|---|---|
| 2026 | 5.60% | 5.59% |
| 2025 | 12.53% | 11.04% |
| 2024 | 12.30% | 10.04% |
| 2023 | 15.98% | 10.32% |
| 2022 | 8.71% | 10.76% |
| 2021 | 0.00% | 8.43% |
| 2020 | 0.00% | 9.50% |
| 2019 | 0.00% | 6.93% |
| 2018 | 0.00% | 8.66% |
| 2017 | 0.00% | 7.28% |
| 2016 | 0.00% | 7.20% |
| 2015 | 0.00% | 8.17% |
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