IBRN vs. MHIP
IBRN (iShares Neuroscience and Healthcare ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. IBRN is passively managed, while MHIP is actively managed. Their 0.46 correlation means their historical movements had little consistent relationship. IBRN charges 0.47%/yr vs 0.55%/yr for MHIP.
Performance
IBRN vs. MHIP - Performance Comparison
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Returns By Period
IBRN
- 1D
- -3.24%
- 1M
- -6.28%
- 6M
- 12.31%
- YTD
- 13.26%
- 1Y
- 59.23%
- 3Y*
- 14.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.28%
MHIP
- 1D
- -0.57%
- 1M
- -1.07%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.61K | $123.63K | $97.37K | |
| $1.35K | $877.58 | $4.08K |
IBRN vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBRN iShares Neuroscience and Healthcare ETF | 3.50% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.20% |
Correlation
The correlation between IBRN and MHIP is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026 | 0.46 |
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Return for Risk
IBRN vs. MHIP — Risk / Return Rank
IBRN
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBRN vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Neuroscience and Healthcare ETF (IBRN) 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.
| IBRN | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.42 | — | — |
| Martin ratioReturn relative to average drawdown | 16.74 | — | — |
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Drawdowns
IBRN vs. MHIP - Drawdown Comparison
The maximum IBRN drawdown since its inception was -35.38%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for IBRN and MHIP.
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Drawdown Indicators
| IBRN | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.38% | -3.09% | -32.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -35.38% | — | — |
Current DrawdownCurrent decline from peak | -9.15% | -1.41% | -7.74% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -1.30% | -8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | — | — |
Volatility
IBRN vs. MHIP - Volatility Comparison
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Volatility by Period
| IBRN | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.61% | 10.97% | +14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.34% | 10.97% | +14.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.34% | 10.97% | +14.37% |
IBRN vs. MHIP - Expense Ratio Comparison
IBRN has a 0.47% expense ratio, which is lower than MHIP's 0.55% expense ratio.
Dividends
IBRN vs. MHIP - Dividend Comparison
IBRN's dividend yield for the trailing twelve months is around 0.87%, while MHIP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBRN iShares Neuroscience and Healthcare ETF | 0.87% | 0.99% | 0.40% | 0.06% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBRN and MHIP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBRN is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBRN is cheaper with a 0.47% expense ratio, compared with 0.55% for MHIP.
IBRN has the higher dividend yield at 0.87%, compared with 0.00% for MHIP.
They also come from different issuers: iShares and Milliman. Their fees differ too: 0.47% for IBRN and 0.55% for MHIP.
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