Overview Holdings Performance Dividends Similar Etfs Correlations

35 Stocks and 65 ETFs for diversifying HIPS (GraniteShares HIPS US High Income ETF)

The least correlated asset to HIPS (GraniteShares HIPS US High Income ETF) is ETF DWSH (ADVISORSHARES DORSEY WRIGHT SHORT ETF). The correlation is -0.8349.

Stocks that lowly correlated with HIPS

Symbol	Name	Market cap	Sector	Industry	Correlation
ELOG	Eastern International Ltd	$9.59M	Industrials	Integrated Freight & Logistics	-0.81
GTERU	Globa Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)	$53M	Financial Services	Shell Companies	-0.73
CCII	Cohen Circle Acquisition Corp II - Class A	$269M	Financial Services	Shell Companies	-0.65
INACR	Indigo Acquisition Corp Right	$448K	N/A	N/A	-0.64
HCMAU	HCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)	$77M	Financial Services	Shell Companies	-0.64
LCCCR	Lakeshore Acquisition III Corp	$349K	N/A	N/A	-0.63
VNMEU	Vendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)	$52M	Financial Services	Shell Companies	-0.61
CCIIW	Cohen Circle Acquisition Corp II - Warrants(01/07/2030)	$3.81M	N/A	N/A	-0.60
VNMEW	Vendome Acquisition Corporation I Warrant	$2.70M	N/A	N/A	-0.60
ORIQU	Origin Investment Corp I - Units (1 Ord Cls & 1/2 War)	$22M	Financial Services	Shell Companies	-0.59
HVMCU	Highview Merger Corp - Units (1 Ord Cls A & 1/2 War)	$52M	Financial Services	Shell Companies	-0.58
CCIIU	Cohen Circle Acquisition Corp II - Units (1 Ord Cls A & 1/4 War)	$80M	Financial Services	Shell Companies	-0.56
DFDV	DeFi Development Corp	$91M	Financial Services	Asset Management	-0.54
PROP	Prairie Operating Co. Common Stock	$60M	Energy	Oil & Gas E&p	-0.54
LWACW	LightWave Acquisition Corp - Warrants (06/06/2030)	$178M	N/A	N/A	-0.53
INACU	Indigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$34M	Financial Services	Shell Companies	-0.53
OFSSO	OFS Capital Corp	$341M	N/A	N/A	-0.52
NUTR	Nusatrip Inc	$174M	Consumer Cyclical	Travel Services	-0.52
MKLYU	McKinley Acquisition Corp - Units (1 Ord Cls A & 1 Rts)	$59M	Financial Services	Shell Companies	-0.51
BOWN	Bowen Acquisition Corp	$21M	Financial Services	Shell Companies	-0.50
RYOJ	rYojbaba Co. Ltd	$51M	Industrials	Consulting Services	-0.47
TVACW	Texas Ventures Acquisition III Corp - Warrants (23/04/2030)	$153M	N/A	N/A	-0.47
CCCX	Churchill Capital Corp X - Class A	$570M	Financial Services	Shell Companies	-0.47
MBVIU	M3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)	$77M	Financial Services	Shell Companies	-0.46
YSXT	Ysx Tech Co.Ltd - Class A	$20M	Industrials	Specialty Business Services	-0.45
BOWNU	Bowen Acquisition Corp - Units (1 Ordinary share & 1 Right)	$30M	Financial Services	Shell Companies	-0.44
RDAG	Republic Digital Acquisition Co. - Class A	$311M	Financial Services	Shell Companies	-0.43
EFTY	Etoiles Capital Group Co Ltd - Class A	$287M	Industrials	Consulting Services	-0.43
GTERR	Globa Terra Acquisition Corporation Rights	$407K	N/A	N/A	-0.43
PLT	N/A	$508M	N/A	N/A	-0.43
NPAC	New Providence Acquisition Corp III - Class A	$398M	Financial Services	Shell Companies	-0.43
CRAQ	Cal Redwood Acquisition Corp	$320M	Financial Services	Shell Companies	-0.43
TACH	Titan Acquisition Corp - Class A	$288M	Financial Services	Shell Companies	-0.42
LOAR	Loar Holdings Inc	$6.61B	Industrials	Aerospace & Defense	-0.42
KCHV	Kochav Defense Acquisition Corp - Class A	$263M	Financial Services	Shell Companies	-0.41

ETFs that lowly correlated with HIPS

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.83
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.82
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.82
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.81
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.81
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.80
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.80
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.80
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.79
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.79
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.79
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.78
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.78
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.77
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.76
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.74
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.74
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.73
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.73
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.73
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.73
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.73
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.73
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.72
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.72
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.70
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.69
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.68
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.68
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.68
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.68
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$82M	0.79%	Jun 28, 2024	-0.67
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	$131M	N/A	May 28, 2015	-0.66
DUG	ProShares UltraShort Energy	$27M	N/A	Jan 30, 2007	-0.66
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.65
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.64
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.63
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$49M	N/A	Nov 6, 2008	-0.62
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.61
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$895M	N/A	Nov 24, 2008	-0.61
WTID	Bank of Montreal	$18M	N/A	Feb 16, 2023	-0.60
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.60
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.59
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.58
OILD	Bank of Montreal	$53M	N/A	Nov 8, 2021	-0.58
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.58
DVUT	WEBS Defined Volatility XLU ETF	$273K	0.89%	Jul 22, 2025	-0.58
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.56
TLTX	GLOBAL X TREASURY BOND ENHANCED INCOME ETF	$14M	0.29%	Jul 15, 2025	-0.55
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.55
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.55
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.53
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.53
GGOV	iShares Global Government Bond USD Hedged Active	$2.90B	0.39%	Jun 25, 2025	-0.52
METD	DIREXION DAILY META BEAR 1X SHARES	$7.90M	1.02%	Jun 5, 2024	-0.52
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.50
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$35M	0.50%	Mar 6, 2024	-0.49
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3.20M	N/A	Jun 16, 2009	-0.46
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.44
RGTU	TRADR 2X LONG RGTI DAILY ETF	$14M	N/A	Jun 23, 2025	-0.44
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$29M	N/A	Jul 16, 2009	-0.43
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.43
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.80M	1.01%	Oct 2, 2024	-0.43
NVDS	Tradr 1.5X Short NVDA Daily ETF	$18M	N/A	Jul 13, 2022	-0.42
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.42