EKG vs. MHIP
EKG (First Trust Nasdaq Lux Digital Health Solutions ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. EKG is passively managed, while MHIP is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. EKG charges 0.65%/yr vs 0.55%/yr for MHIP.
Performance
EKG vs. MHIP - Performance Comparison
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Returns By Period
EKG
- 1D
- -0.11%
- 1M
- 11.09%
- 6M
- -0.16%
- YTD
- 3.37%
- 1Y
- 13.99%
- 3Y*
- 2.05%
- 5Y*
- —
- 10Y*
- —
MHIP
- 1D
- 0.60%
- 1M
- 0.71%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EKG vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
EKG First Trust Nasdaq Lux Digital Health Solutions ETF | 12.84% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.14% |
Correlation
The correlation between EKG and MHIP is 0.64, 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 | 0.64 |
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Return for Risk
EKG vs. MHIP — Risk / Return Rank
EKG
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EKG vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) 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.
| EKG | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | — | — |
| Martin ratioReturn relative to average drawdown | 1.37 | — | — |
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Drawdowns
EKG vs. MHIP - Drawdown Comparison
The maximum EKG drawdown since its inception was -43.82%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for EKG and MHIP.
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Drawdown Indicators
| EKG | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.82% | -3.09% | -40.73% |
Max Drawdown (1Y)Largest decline over 1 year | -22.09% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -34.11% | — | — |
Current DrawdownCurrent decline from peak | -8.91% | -1.47% | -7.44% |
Average DrawdownAverage peak-to-trough decline | -22.41% | -1.28% | -21.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.22% | — | — |
Volatility
EKG vs. MHIP - Volatility Comparison
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Volatility by Period
| EKG | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 11.54% | +11.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.14% | 11.54% | +15.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.14% | 11.54% | +15.60% |
EKG vs. MHIP - Expense Ratio Comparison
EKG has a 0.65% expense ratio, which is higher than MHIP's 0.55% expense ratio.
Dividends
EKG vs. MHIP - Dividend Comparison
Neither EKG nor MHIP has paid dividends to shareholders.
Frequently Asked Questions
EKG and MHIP have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
MHIP is cheaper with a 0.55% expense ratio, compared with 0.65% for EKG.
EKG and MHIP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: First Trust and Milliman. Their fees differ too: 0.65% for EKG and 0.55% for MHIP.
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