BBH vs. MHIP
BBH (VanEck Biotech ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. BBH is passively managed, while MHIP is actively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. BBH charges 0.35%/yr vs 0.55%/yr for MHIP.
Performance
BBH vs. MHIP - Performance Comparison
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Returns By Period
BBH
- 1D
- -0.62%
- 1M
- -3.34%
- 6M
- 3.63%
- YTD
- 7.93%
- 1Y
- 26.29%
- 3Y*
- 9.25%
- 5Y*
- -0.78%
- 10Y*
- 6.13%
- ALL TIME*
- 10.67%
MHIP
- 1D
- 0.39%
- 1M
- -0.68%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.09M | $974.35K | |
| $1.34K | $877.52 | $4.14K |
BBH vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BBH VanEck Biotech ETF | 6.05% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.60% |
Correlation
The correlation between BBH and MHIP is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026 | 0.68 |
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Return for Risk
BBH vs. MHIP — Risk / Return Rank
BBH
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BBH vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Biotech ETF (BBH) 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.
| BBH | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | — | — |
| Martin ratioReturn relative to average drawdown | 5.91 | — | — |
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Drawdowns
BBH vs. MHIP - Drawdown Comparison
The maximum BBH drawdown since its inception was -72.70%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for BBH and MHIP.
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Drawdown Indicators
| BBH | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.70% | -3.09% | -69.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.86% | — | — |
Current DrawdownCurrent decline from peak | -5.22% | -1.02% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -1.30% | -19.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | — | — |
Volatility
BBH vs. MHIP - Volatility Comparison
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Volatility by Period
| BBH | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.49% | 10.92% | +8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 10.92% | +10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 10.92% | +11.18% |
BBH vs. MHIP - Expense Ratio Comparison
BBH has a 0.35% expense ratio, which is lower than MHIP's 0.55% expense ratio.
Dividends
BBH vs. MHIP - Dividend Comparison
BBH's dividend yield for the trailing twelve months is around 0.47%, while MHIP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBH VanEck Biotech ETF | 0.47% | 0.51% | 0.80% | 0.43% | 0.47% | 0.21% | 0.36% | 0.34% | 0.50% | 0.55% | 0.30% | 0.27% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBH and MHIP have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBH is cheaper with a 0.35% expense ratio, compared with 0.55% for MHIP.
BBH has the higher dividend yield at 0.47%, compared with 0.00% for MHIP.
They also come from different issuers: VanEck and Milliman. Their fees differ too: 0.35% for BBH and 0.55% for MHIP.
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