HTEC vs. MHIP
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 0.79 correlation means they have sometimes moved together and sometimes differently. HTEC charges 0.68%/yr vs 0.55%/yr for MHIP.
Performance
HTEC vs. MHIP - Performance Comparison
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Returns By Period
HTEC
- 1D
- 2.06%
- 1M
- 1.50%
- 6M
- 6.92%
- YTD
- 11.16%
- 1Y
- 41.61%
- 3Y*
- 10.40%
- 5Y*
- -3.72%
- 10Y*
- —
- ALL TIME*
- 7.03%
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) |
|---|---|---|---|
| $648.62K | $1.11M | $652.74K | |
| $1.34K | $877.52 | $4.14K |
HTEC vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HTEC ROBO Global Healthcare Technology and Innovation ETF | 13.02% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.60% |
Correlation
The correlation between HTEC and MHIP is 0.79, 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 | 0.79 |
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Return for Risk
HTEC vs. MHIP — Risk / Return Rank
HTEC
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | — | — |
| Martin ratioReturn relative to average drawdown | 6.14 | — | — |
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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.
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Drawdown Indicators
| HTEC | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -25.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -56.10% | — | — |
Current DrawdownCurrent decline from peak | -23.54% | -1.02% | -22.52% |
Average DrawdownAverage peak-to-trough decline | -28.95% | -1.30% | -27.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | — | — |
Volatility
HTEC vs. MHIP - Volatility Comparison
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Volatility by Period
| HTEC | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.18% | 10.92% | +10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.67% | 10.92% | +13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 10.92% | +14.51% |
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 0.88%, while MHIP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HTEC ROBO Global Healthcare Technology and Innovation ETF | 0.88% | 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
HTEC and MHIP have a correlation of 0.79, 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 0.68% for HTEC.
HTEC has the higher dividend yield at 0.88%, compared with 0.00% for 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.
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