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Two Blokes Mon at 2:30 PM -
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The GraniteShares HIPS US High Income ETF (HIPS) tracks the EQM High Income Pass-Through Securities Index, equally weighting 40 holdings across MLPs, BDCs, CEFs, and REITs. HIPS is a volatile, risk-on fund with a 3-year standard deviation of 14.2% and a Sharpe ratio of 0.42, experiencing significant drawdowns. Due to NAV erosion in components like Annaly (NLY), which lost 50% in price over a decade, HIPS is not ideal for long-term holding.
