HIPSvsMDIVETF Comparison
VS
ETF 2
MDIV
First Trust Multi-Asset Diversified Income Index Fund ETF
This fund is part of
Multi-Asset: Aggressive
-0.59%
GraniteShares HIPS US High Income ETF (HIPS) belongs to the Uncategorized Equities segment. First Trust Multi-Asset Diversified Income Index Fund ETF (MDIV) is part of the Multi-Asset: Aggressive segment. HIPS's top 3 sector exposures are Finance, Energy and Non-Corporate. In contrast, MDIV's top sector exposures are Finance, Energy and Consumer Non-Cyclicals. HIPS is more expensive with a Total Expense Ratio (TER) of 1.17%, versus 0.83% for MDIV. HIPS is up 8.25% year-to-date (YTD) with +$13M in YTD flows. MDIV performs better with 13.84% YTD performance, and +$11M in YTD flows. Run a side-by-side ETF comparison of HIPS and MDIV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HIPS vs MDIV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HIPS MDIV | +3.47%+0.20% | +3.97%+4.03% | +8.25%+13.84% | +8.04%+13.29% | +32.60%+39.58% | +27.05%+41.56% |
| Flows | HIPS MDIV | +$9M+$4M | +$19M+$14M | +$13M+$11M | +$14M-$16M | +$71M-$42M | +$81M-$40M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HIPS MDIV | +8.27%+5.83% | +9.36%+6.12% | +11.47%+8.50% | +12.73%+10.54% |
| Max drawdown | HIPS MDIV | -2.84%-1.74% | -5.97%-3.43% | -15.07%-9.28% | -20.84%-13.07% |
| Max drawdown duration | HIPS MDIV | 36d11d | 105d118d | 317d263d | 843d313d |
Trading data
HIPS | MDIV | |
Last sale 9/2/2026 at 1:30 PM | $11.71 | $16.74 |
| Previous close 09/01/2026 | $11.72 | $16.69 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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HIPS | MDIV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
HIPS | MDIV | |
|---|---|---|
| Last price | $11.71 | $16.74 |
| 1D performance | -0.04% | +0.30% |
| AuM | $122.79 M | $431.40 M |
| E/R | 1.17% | 0.83% |
Characteristics
HIPS | MDIV | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | GraniteShares | First Trust |
| Benchmark | EQM High Income Pass-Through Securities Index | NASDAQ US Multi-Asset Diversified Income Index |
| N° of holdings | 36 | 358 |
| Asset class | Equities | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 6, 2015 | August 13, 2012 |
| ESG | No | No |
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Exposure
Countries
HIPS
USA
87.56%
Other
12.44%
MDIV
USA
92.42%
Other
7.58%
Sectors
HIPS
Finance
54.11%
Energy
18.09%
Non-Corporate
12.15%
Other
15.64%
MDIV
Finance
51.85%
Energy
16.55%
Consumer Non-Cycl.
8.28%
Other
23.33%
Diversification
HIPS
Total weight of top 15 holdings out of 15
43.64%
MDIV
Total weight of top 15 holdings out of 15
19.27%
Top 15 holdings
Data as of July 31, 2026
HIPS
Delek Logistics Partners LP
3.40%
Plains All American Pipeline LP
3.27%
CVR Partners LP
3.20%
Dorchester Minerals LP
3.19%
Kimbell Royalty Partners LP
3.01%
Western Midstream Partners LP
3.00%
Two Harbors Investment Corp.
2.92%
Alliance Resource Partners LP
2.84%
Black Stone Minerals LP
2.82%
Enterprise Products Partners LP
2.81%
MPLX LP
2.78%
Capital Southwest Corp
2.72%
Blackrock Enhanced Large Cap Core Fund, Inc.
2.65%
Annaly Capital Management, Inc.
2.51%
AGNC Investment Corp.
2.51%
MDIV
TXO Partners LP
1.64%
AGNC Investment Corp.
1.58%
Annaly Capital Management, Inc.
1.50%
Mach Natural Resources LP
1.46%
MFA Financial, Inc.
1.44%
Icahn Enterprises LP
1.38%
PennyMac Mortgage Investment Trust
1.36%
Rithm Capital Corp.
1.28%
CrossAmerica Partners LP
1.19%
Dorchester Minerals LP
1.14%
Kimbell Royalty Partners LP
1.11%
Alliance Resource Partners LP
1.06%
Black Stone Minerals LP
1.05%
Conagra Brands, Inc.
1.05%
Western Midstream Partners LP
1.03%
Frequently asked questions about HIPS and MDIV
How have the HIPS and MDIV ETFs performed in 2026?
As of August 31, 2026, HIPS is up 8.25% year-to-date (YTD), while MDIV has returned 13.84%. That puts MDIV better performer ahead so far this year.
Which ETF is attracting more investor money: HIPS or MDIV?
Year-to-date, the HIPS ETF saw +$13M in flows, compared to +$11M for MDIV.
Which ETF is more volatile: HIPS or MDIV?
Over the past year, HIPS had a volatility of 9.36%, while MDIV experienced 6.12%.
Which ETF is bigger: HIPS or MDIV?
As of August 31, 2026, HIPS holds $122.79 M in assets under management (AUM), while MDIV manages $431.40 M.
What sectors do the HIPS and MDIV ETFs invest in?
HIPS leans toward sectors like Finance, Energy and Non-Corporate. Meanwhile, MDIV focuses on Finance, Energy and Consumer Non-Cyclicals.
What are the top holdings of the HIPS ETF and MDIV ETF?
HIPS top holdings include Delek Logistics Partners LP, Plains All American Pipeline LP and CVR Partners LP. MDIV holds in its top three: TXO Partners LP, AGNC Investment Corp. and Annaly Capital Management, Inc..
Which ETF is more diversified: HIPS or MDIV?
HIPS holds 40 securities with 43.64% of its assets in the top 15. MDIV has 370 securities and a top 15 weight of 19.27%.
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Latest news about HIPS & MDIV
GraniteShares HIPS US High Income ETF
August 4, 2023
HIPS
Multi-Asset Class ETFs – minimize the stress of asset allocation
June 10, 2022
MDIV
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