ASD vs. MHIP

Last updated Jul 17, 2026

ASD (Defiance Autism Impact ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. A 0.61 correlation means they provide meaningful diversification when combined. ASD charges 0.79%/yr vs 0.55%/yr for MHIP.

Performance

ASD vs. MHIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Autism Impact ETF (ASD) and Milliman Healthcare Inflation Plus ETF (MHIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASD

• 1D: 0.34%
• 1M: 9.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MHIP

• 1D: 0.60%
• 1M: 0.71%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASD vs. MHIP - Yearly Performance Comparison

	2026 (YTD)
ASD Defiance Autism Impact ETF	10.03%
MHIP Milliman Healthcare Inflation Plus ETF	1.15%

Correlation

The correlation between ASD and MHIP is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 2, 2026	0.61

Return for Risk

ASD vs. MHIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Autism Impact ETF (ASD) and Milliman Healthcare Inflation Plus ETF (MHIP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ASD vs. MHIP - Drawdown Comparison

The maximum ASD drawdown since its inception was -2.93%, smaller than the maximum MHIP drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for ASD and MHIP.

Drawdown Indicators

	ASD	MHIP	Difference
Max Drawdown Largest peak-to-trough decline	-2.93%	-3.09%	+0.16%
Current Drawdown Current decline from peak	-2.09%	-1.47%	-0.62%
Average Drawdown Average peak-to-trough decline	-0.92%	-1.28%	+0.36%

Volatility

Volatility by Period

	ASD	MHIP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.70%	11.54%	+5.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	11.54%	+5.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	11.54%	+5.16%

ASD vs. MHIP - Expense Ratio Comparison

ASD has a 0.79% expense ratio, which is higher than MHIP's 0.55% expense ratio.

Dividends

ASD vs. MHIP - Dividend Comparison

ASD's dividend yield for the trailing twelve months is around 0.02%, while MHIP has not paid dividends to shareholders.

Position	TTM
ASD Defiance Autism Impact ETF	0.02%
MHIP Milliman Healthcare Inflation Plus ETF	0.00%

Frequently Asked Questions

Can I hold both ASD and MHIP in my portfolio?

ASD and MHIP have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASD or MHIP?

On fees, MHIP is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASD or MHIP?

MHIP is cheaper with a 0.55% expense ratio, compared with 0.79% for ASD.

Which ETF pays a higher dividend yield, ASD or MHIP?

ASD has the higher dividend yield at 0.02%, compared with 0.00% for MHIP.

What is the main difference between ASD and MHIP?

They also come from different issuers: Defiance and Milliman. Their fees differ too: 0.79% for ASD and 0.55% for MHIP.