BPRO vs. MHIG

Last updated Jul 17, 2026

BPRO (Bitwise Proficio Currency Debasement ETF) and MHIG (Milliman Healthcare Inflation Guard ETF) are both Multistrategy funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined.

Performance

BPRO vs. MHIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Proficio Currency Debasement ETF (BPRO) and Milliman Healthcare Inflation Guard ETF (MHIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPRO

• 1D: -3.85%
• 1M: -11.82%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MHIG

• 1D: -0.01%
• 1M: -0.86%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPRO vs. MHIG - Yearly Performance Comparison

	2026 (YTD)
BPRO Bitwise Proficio Currency Debasement ETF	-23.14%
MHIG Milliman Healthcare Inflation Guard ETF	-2.53%

Correlation

The correlation between BPRO and MHIG is 0.75, 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 Apr 21, 2026	0.75

Return for Risk

BPRO vs. MHIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Proficio Currency Debasement ETF (BPRO) and Milliman Healthcare Inflation Guard ETF (MHIG). 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

BPRO vs. MHIG - Drawdown Comparison

The maximum BPRO drawdown since its inception was -36.57%, which is greater than MHIG's maximum drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for BPRO and MHIG.

Drawdown Indicators

	BPRO	MHIG	Difference
Max Drawdown Largest peak-to-trough decline	-36.57%	-3.06%	-33.51%
Current Drawdown Current decline from peak	-36.57%	-2.53%	-34.04%
Average Drawdown Average peak-to-trough decline	-21.84%	-1.86%	-19.98%

Volatility

Volatility by Period

	BPRO	MHIG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	43.86%	7.82%	+36.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.86%	7.82%	+36.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.86%	7.82%	+36.04%

Dividends

BPRO vs. MHIG - Dividend Comparison

Neither BPRO nor MHIG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BPRO and MHIG in my portfolio?

BPRO and MHIG have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, BPRO or MHIG?

BPRO and MHIG have nearly identical dividend yields, around 0.00%.

What is the main difference between BPRO and MHIG?

They also come from different issuers: Bitwise and Milliman.