MDIVvsHIPSETF Comparison
ETF 1
MDIV
First Trust Multi-Asset Diversified Income Index Fund ETF
This fund is part of
Multi-Asset: Aggressive
-0.64%
VS
First Trust Multi-Asset Diversified Income Index Fund ETF (MDIV) belongs to the Multi-Asset: Aggressive segment. GraniteShares HIPS US High Income ETF (HIPS) is part of the Uncategorized Equities segment. MDIV's top 3 sector exposures are Finance, Energy and Consumer Non-Cyclicals. In contrast, HIPS's top sector exposures are Finance, Non-Corporate and Energy. MDIV is less expensive with a Total Expense Ratio (TER) of 0.83%, versus 1.17% for HIPS. MDIV is up 13.56% year-to-date (YTD) with +$11M in YTD flows. HIPS performs worse with 7.33% YTD performance, and +$18M in YTD flows. Run a side-by-side ETF comparison of MDIV and HIPS 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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MDIV vs HIPS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MDIV HIPS | +0.27%+0.31% | +2.91%+4.17% | +13.56%+7.33% | +12.93%+6.49% | +40.00%+31.83% | +41.30%+25.48% |
| Flows | MDIV HIPS | +$2M+$8M | +$12M+$15M | +$11M+$18M | -$10M+$14M | -$41M+$75M | -$39M+$85M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDIV HIPS | +5.50%+7.28% | +6.09%+9.34% | +8.47%+11.45% | +10.53%+12.72% |
| Max drawdown | MDIV HIPS | -1.74%-1.91% | -3.43%-5.97% | -9.28%-15.07% | -13.07%-20.84% |
| Max drawdown duration | MDIV HIPS | 11d12d | 118d105d | 263d317d | 313d843d |
Trading data
MDIV | HIPS | |
Last sale 9/11/2026 at 1:30 PM | $16.61 | $11.58 |
| Previous close 09/10/2026 | $16.60 | $11.53 |
| Consolidated volume 09/10/2026 | ||
| 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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MDIV | HIPS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
MDIV | HIPS | |
|---|---|---|
| Last price | $16.61 | $11.58 |
| 1D performance | +0.06% | +0.43% |
| AuM | $430.35 M | $125.82 M |
| E/R | 0.83% | 1.17% |
Characteristics
MDIV | HIPS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | GraniteShares |
| Benchmark | NASDAQ US Multi-Asset Diversified Income Index | EQM High Income Pass-Through Securities Index |
| N° of holdings | 358 | 40 |
| Asset class | Alternative | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 13, 2012 | January 6, 2015 |
| ESG | No | No |
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Exposure
Countries
MDIV
USA
92.42%
Other
7.58%
HIPS
USA
99.35%
Other
0.65%
Sectors
MDIV
Finance
51.85%
Energy
16.55%
Consumer Non-Cycl.
8.28%
Other
23.33%
HIPS
Finance
54.11%
Non-Corporate
23.95%
Energy
18.09%
Other
3.85%
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Diversification
MDIV
Total weight of top 15 holdings out of 15
19.27%
HIPS
Total weight of top 15 holdings out of 15
43.64%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about MDIV and HIPS
How have the MDIV and HIPS ETFs performed in 2026?
As of September 9, 2026, MDIV is up 13.56% year-to-date (YTD), while HIPS has returned 7.33%. That puts MDIV better performer ahead so far this year.
Which ETF is attracting more investor money: MDIV or HIPS?
Year-to-date, the MDIV ETF saw +$11M in flows, compared to +$18M for HIPS.
Which ETF is more volatile: MDIV or HIPS?
Over the past year, MDIV had a volatility of 6.09%, while HIPS experienced 9.34%.
Which ETF is bigger: MDIV or HIPS?
As of September 9, 2026, MDIV holds $430.35 M in assets under management (AUM), while HIPS manages $125.82 M.
What sectors do the MDIV and HIPS ETFs invest in?
MDIV leans toward sectors like Finance, Energy and Consumer Non-Cyclicals. Meanwhile, HIPS focuses on Finance, Non-Corporate and Energy.
What are the top holdings of the MDIV ETF and HIPS ETF?
MDIV top holdings include TXO Partners LP, AGNC Investment Corp. and Annaly Capital Management, Inc.. HIPS holds in its top three: Delek Logistics Partners LP, Plains All American Pipeline LP and CVR Partners LP.
Which ETF is more diversified: MDIV or HIPS?
MDIV holds 370 securities with 19.27% of its assets in the top 15. HIPS has 40 securities and a top 15 weight of 43.64%.
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Latest news about MDIV & HIPS
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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