GERM vs. MHIP

Last updated Jul 17, 2026

GERM (Amplify Treatments, Testing and Advancements ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. GERM is passively managed, while MHIP is actively managed. GERM charges 0.68%/yr vs 0.55%/yr for MHIP.

Performance

GERM vs. MHIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Treatments, Testing and Advancements ETF (GERM) and Milliman Healthcare Inflation Plus ETF (MHIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GERM

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 0.00%
• 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)

GERM vs. MHIP - Yearly Performance Comparison

	2026 (YTD)
GERM Amplify Treatments, Testing and Advancements ETF	0.00%
MHIP Milliman Healthcare Inflation Plus ETF	0.14%

Return for Risk

GERM vs. MHIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Treatments, Testing and Advancements ETF (GERM) 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

GERM vs. MHIP - Drawdown Comparison

The maximum GERM drawdown since its inception was 0.00%, smaller than the maximum MHIP drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for GERM and MHIP.

Drawdown Indicators

	GERM	MHIP	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-3.09%	+3.09%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	—	—
Current Drawdown Current decline from peak	0.00%	-1.47%	+1.47%
Average Drawdown Average peak-to-trough decline	0.00%	-1.28%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	—	—

Volatility

Volatility by Period

	GERM	MHIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	11.54%	-11.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	11.54%	-11.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	11.54%	-11.54%

GERM vs. MHIP - Expense Ratio Comparison

GERM has a 0.68% expense ratio, which is higher than MHIP's 0.55% expense ratio.

Dividends

GERM vs. MHIP - Dividend Comparison

Neither GERM nor MHIP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, GERM 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, GERM or MHIP?

MHIP is cheaper with a 0.55% expense ratio, compared with 0.68% for GERM.

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

GERM and MHIP have nearly identical dividend yields, around 0.00%.

What is the main difference between GERM and MHIP?

They also come from different issuers: Amplify and Milliman. Their fees differ too: 0.68% for GERM and 0.55% for MHIP.