HTEC vs. MHIP

Last updated Jul 14, 2026

HTEC (ROBO Global Healthcare Technology and Innovation ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. HTEC is passively managed, while MHIP is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. HTEC charges 0.68%/yr vs 0.55%/yr for MHIP.

Performance

HTEC vs. MHIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Healthcare Technology and Innovation ETF (HTEC) and Milliman Healthcare Inflation Plus ETF (MHIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HTEC

• 1D: -0.68%
• 1M: 8.95%
• 6M: 1.59%
• YTD: 7.64%
• 1Y: 33.52%
• 3Y*: 7.93%
• 5Y*: -3.52%
• 10Y*: —

MHIP

• 1D: -0.57%
• 1M: 1.53%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HTEC vs. MHIP - Yearly Performance Comparison

	2026 (YTD)
HTEC ROBO Global Healthcare Technology and Innovation ETF	9.44%
MHIP Milliman Healthcare Inflation Plus ETF	0.13%

Correlation

The correlation between HTEC and MHIP is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026	0.83

Return for Risk

HTEC vs. MHIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HTEC

HTEC Risk / Return Rank: 53
HTEC Sharpe Ratio Rank: 59
HTEC Sortino Ratio Rank: 64
HTEC Omega Ratio Rank: 52
HTEC Calmar Ratio Rank: 51
HTEC Martin Ratio Rank: 39

MHIP

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HTEC vs. MHIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) 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.

	HTEC	MHIP	Difference
Sharpe ratio: Return per unit of total volatility	1.56	—	—
Sortino ratio: Return per unit of downside risk	2.35	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.06	—	—
Martin ratio: Return relative to average drawdown	4.94	—	—

Drawdowns

HTEC vs. MHIP - Drawdown Comparison

The maximum HTEC drawdown since its inception was -57.53%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for HTEC and MHIP.

Drawdown Indicators

	HTEC	MHIP	Difference
Max Drawdown Largest peak-to-trough decline	-57.53%	-3.09%	-54.44%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-56.10%	—	—
Current Drawdown Current decline from peak	-25.96%	-1.48%	-24.48%
Average Drawdown Average peak-to-trough decline	-28.97%	-1.25%	-27.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.81%	—	—

Volatility

Volatility by Period

	HTEC	MHIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.66%	11.73%	+9.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.67%	11.73%	+12.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.50%	11.73%	+13.77%

HTEC vs. MHIP - Expense Ratio Comparison

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

Dividends

HTEC vs. MHIP - Dividend Comparison

HTEC's dividend yield for the trailing twelve months is around 0.91%, while MHIP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
HTEC ROBO Global Healthcare Technology and Innovation ETF	0.91%	0.98%	0.00%	0.00%	0.00%	0.05%
MHIP Milliman Healthcare Inflation Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HTEC and MHIP in my portfolio?

HTEC and MHIP have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HTEC 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, HTEC or MHIP?

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

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

HTEC has the higher dividend yield at 0.91%, compared with 0.00% for MHIP.

What is the main difference between HTEC and MHIP?

They also come from different issuers: Exchange Traded Concepts and Milliman. Their fees differ too: 0.68% for HTEC and 0.55% for MHIP.