HIPS vs MPRO
GraniteShares HIPS US High Income ETF compared with Monarch ProCap ETF on yield, payout growth, payment schedule, cost and risk.
HIPS
GraniteShares HIPS US High Income ETF
TTM yield · Monthly
MPRO
Monarch ProCap ETF
TTM yield · Quarterly
Quick take
- HIPS yields more today: 12.40% vs 1.98% (forward).
- MPRO has grown its payout faster: 18.2%/yr vs -2.9%/yr over the last 3 years.
- HIPS pays every month; MPRO pays every quarter.
- Over the last year MPRO delivered the higher total return: +9.2% vs -1.3% (price change plus payouts).
- MPRO is cheaper to own: 1.03% vs 1.17% expense ratio.
- HIPS has the steadier distribution: consistency 100/100 vs 68/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | HIPS | MPRO |
|---|---|---|
| Share price | $10.45 | $32.71 |
| TTM yield | 11.37% | 1.84% |
| Forward yield | 12.40% | 1.98% |
| Annual payout per share | $1.296 | $0.648 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Oct 26, 2026 (est.) | Dec 24, 2026 (est.) |
| Expense ratio | 1.17% | 1.03% |
| 1-year payout growth | -8.3% | +12.3% |
| 5-year payout CAGR | -1.7% | — |
| Consecutive years of increases | 0 years | 3 years |
| Payout consistency (last 12) | 100/100 | 68/100 |
| 1-year total return | -1.3% | +9.2% |
| 1-year price return | -11.4% | +7.2% |
| Size (market cap / AUM) | 104.3M | 243.6M |
| Years paying | 11.7 | 5.3 |
| Sector / category | Moderate Allocation | Moderate 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 | MPRO | |
|---|---|---|
| Shares | 956.9 | 305.7 |
| Income per year | $1,240 | $198 |
| Income per month (avg) | $103 | $17 |
At forward yields, before taxes. Model HIPS · Model MPRO
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| HIPS Oct 26, 2026 | Nov 9, 2026 | $0.108 | Est. |
| HIPS Nov 25, 2026 | Dec 9, 2026 | $0.108 | Est. |
| HIPS Dec 25, 2026 | Jan 8, 2027 | $0.108 | Est. |
| MPRO Dec 24, 2026 | Jan 7, 2027 | $0.162 | Est. |
| MPRO Mar 25, 2027 | Apr 8, 2027 | $0.162 | Est. |
| MPRO Jun 24, 2027 | Jul 8, 2027 | $0.162 | Est. |
Annual payouts per share
HIPSMPRO
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 MPRO?
HIPS currently has the higher trailing yield: HIPS yields 11.37% and MPRO yields 1.84%. Yield changes daily with price, so check the live figures above.
How often do HIPS and MPRO pay?
HIPS pays every month and MPRO pays every quarter. HIPS's next ex-date is Oct 26, 2026 and MPRO's is Dec 24, 2026.
Which has grown its dividend faster, HIPS or MPRO?
MPRO has grown its payout faster: 18.2%/yr vs -2.9%/yr over the last 3 years.
Is HIPS or MPRO better for income?
It depends on what you are optimising for. HIPS and MPRO 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.