HIPS vs MDIV
GraniteShares HIPS US High Income ETF compared with Multi-Asset Diversified Income Index Fund on yield, payout growth, payment schedule, cost and risk.
HIPS
GraniteShares HIPS US High Income ETF
TTM yield · Monthly
MDIV
Multi-Asset Diversified Income Index Fund
TTM yield · Monthly
Quick take
- HIPS yields more today: 11.02% vs 6.83% (forward).
- MDIV has grown its payout faster: 6.8%/yr vs 0.0%/yr over the last 5 years.
- Both pay every month.
- Over the last year MDIV delivered the higher total return: +10.1% vs +7.0% (price change plus payouts).
- MDIV is cheaper to own: 0.71% vs 1.17% expense ratio.
- HIPS has the steadier distribution: consistency 100/100 vs 66/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | HIPS | MDIV |
|---|---|---|
| Share price | $11.76 | $16.76 |
| TTM yield | 11.02% | 6.83% |
| Forward yield | 11.02% | 6.83% |
| Annual payout per share | $1.296 | $1.145 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 26, 2026 (est.) | Sep 20, 2026 (est.) |
| Expense ratio | 1.17% | 0.71% |
| 1-year payout growth | +0.0% | +10.6% |
| 5-year payout CAGR | +0.0% | +6.8% |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 100/100 | 66/100 |
| 1-year total return | +7.0% | +10.1% |
| 1-year price return | -3.6% | +3.1% |
| Size (market cap / AUM) | 122.8M | 431.4M |
| Years paying | 11.6 | 14.0 |
| Sector / category | Aggressive Allocation | Aggressive Allocation |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| HIPS | MDIV | |
|---|---|---|
| Shares | 850.3 | 596.7 |
| Income per year | $1,102 | $683 |
| Income per month (avg) | $92 | $57 |
At forward yields, before taxes. Model HIPS · Model MDIV
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| HIPS Sep 26, 2026 | Oct 10, 2026 | $0.108 | Est. |
| HIPS Oct 26, 2026 | Nov 9, 2026 | $0.108 | Est. |
| HIPS Nov 25, 2026 | Dec 9, 2026 | $0.108 | Est. |
| MDIV Sep 20, 2026 | Sep 28, 2026 | $0.0954 | Est. |
| MDIV Oct 20, 2026 | Oct 28, 2026 | $0.0954 | Est. |
| MDIV Nov 19, 2026 | Nov 27, 2026 | $0.0954 | Est. |
Annual payouts per share
HIPSMDIV
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, HIPS or MDIV?
HIPS currently has the higher trailing yield: HIPS yields 11.02% and MDIV yields 6.83%. Yield changes daily with price, so check the live figures above.
How often do HIPS and MDIV pay?
HIPS pays every month and MDIV pays every month. HIPS's next ex-date is Sep 26, 2026 and MDIV's is Sep 20, 2026.
Which has grown its dividend faster, HIPS or MDIV?
MDIV has grown its payout faster: 6.8%/yr vs 0.0%/yr over the last 5 years.
Is HIPS or MDIV better for income?
It depends on what you are optimising for. HIPS and MDIV differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.