HIPS GraniteShares HIPS US High Income ETF

Last close: 10.34
504-day return: +1.08%
Median $/day: $412k
Relationships shown: 20
Leader rank: #10

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

HIPS vs KBWD

Both indexed to 100 at 2026-05-11.

HIPS KBWD · range 83–103 · 2026-05-11 → 2026-11-06

Follows HIPS

These tend to repeat HIPS's moves later.

NKSH National Bankshares, Inc. Common Stock

lag 1dρ -0.22holdout -0.31stable 88%$/day $463krobust

PBFS Pioneer Bancorp, Inc. Common Stock

lag 1dρ -0.20holdout -0.31stable 88%$/day $175krobust

MLP Maui Land & Pineapple Co.

lag 1dρ -0.20holdout -0.24stable 88%$/day $261krobust

FDBC Fidelity D & D Bancorp, Inc. Common Stock

lag 1dρ -0.22holdout -0.18stable 75%$/day $289krobust

RGCO RGC Resources Inc. Common Stock

lag 1dρ -0.22holdout -0.19stable 75%$/day $228krobust

ATLO Ames National Corporation Common Stock

lag 1dρ -0.21holdout -0.25stable 62%$/day $458kmoderate

Moves with HIPS

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

KBWD Invesco Exchange-Traded Fund Trust II Invesco KBW High Dividend Yield Financial ETF

ρ +0.81beyond mkt +0.68holdout +0.79stable 100%robust

VPC Virtus Private Credit Strategy ETF

ρ +0.70beyond mkt +0.53holdout +0.75stable 100%robust

PBDC Putnam BDC Income ETF

ρ +0.70beyond mkt +0.52holdout +0.75stable 100%robust

REM iShares Mortgage Real Estate ETF

ρ +0.72beyond mkt +0.51holdout +0.69stable 100%robust

BBDC Barings BDC, Inc.

ρ +0.62beyond mkt +0.44holdout +0.65stable 100%robust

NMFC New Mountain Finance Corporation Common Stock

ρ +0.61beyond mkt +0.44holdout +0.70stable 100%robust

Moves against HIPS

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.45beyond mkt -0.05holdout -0.35stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.40beyond mkt -0.02holdout -0.32stable 88%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

NOG Northern Oil and Gas, Inc.

horizon 10dρ +0.40holdout +0.17stable 62%moderate

VTS Vitesse Energy, Inc..

horizon 10dρ +0.40holdout +0.15stable 62%moderate

NBSD Neuberger Short Duration Income ETF

horizon 10dρ +0.39holdout +0.63stable 50%moderate

DIBS 1stdibs.com, Inc. Common Stock

horizon 10dρ +0.36holdout +0.28stable 88%robust

TRGP Targa Resources Corp.

horizon 5dρ +0.35holdout +0.13stable 75%moderate

BWMN Bowman Consulting Group Ltd. Common Stock

horizon 10dρ +0.35holdout +0.32stable 75%robust

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.64recent -0.34prior +0.30beyond mkt -0.12

MEOH Methanex Corporation Common Stock

Δ -0.63recent -0.36prior +0.27beyond mkt -0.06

NOG Northern Oil and Gas, Inc.

Δ -0.61recent -0.25prior +0.35beyond mkt -0.01

OIS OIL STATES INTERNATIONAL, INC.

Δ -0.60recent -0.21prior +0.39beyond mkt -0.07

MUR Murphy Oil Corp.

Δ -0.60recent -0.32prior +0.28beyond mkt -0.08

TAIL Cambria Tail Risk ETF

Δ +0.59recent +0.23prior -0.37beyond mkt -0.04

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
REM iShares Mortgage Real Estate ETF	+0.51	+0.72	7
CIM Chimera Investment Corp.	+0.41	+0.63	7
STWD STARWOOD PROPERTY TRUST, INC.	+0.37	+0.63	8
VPC Virtus Private Credit Strategy ETF	+0.53	+0.70	22
KBWD Invesco Exchange-Traded Fund Trust II Invesco KBW High Dividend Yield Financial ETF	+0.68	+0.81	24
PBDC Putnam BDC Income ETF	+0.52	+0.70	23