IHF vs. MHIP
IHF (iShares U.S. Healthcare Providers ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. IHF is passively managed, while MHIP is actively managed. At a 0.28 correlation, their price movements are largely independent. IHF charges 0.43%/yr vs 0.55%/yr for MHIP.
Performance
IHF vs. MHIP - Performance Comparison
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Returns By Period
IHF
- 1D
- 0.90%
- 1M
- 7.60%
- 6M
- 17.04%
- YTD
- 20.41%
- 1Y
- 28.53%
- 3Y*
- 5.07%
- 5Y*
- 2.31%
- 10Y*
- 9.41%
MHIP
- 1D
- -0.57%
- 1M
- 1.53%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IHF vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IHF iShares U.S. Healthcare Providers ETF | 26.08% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.13% |
Correlation
The correlation between IHF and MHIP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026 | 0.28 |
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Return for Risk
IHF vs. MHIP — Risk / Return Rank
IHF
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IHF vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare Providers ETF (IHF) 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.
| IHF | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | — | — |
| Martin ratioReturn relative to average drawdown | 3.87 | — | — |
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Drawdowns
IHF vs. MHIP - Drawdown Comparison
The maximum IHF drawdown since its inception was -58.42%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for IHF and MHIP.
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Drawdown Indicators
| IHF | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.42% | -3.09% | -55.33% |
Max Drawdown (1Y)Largest decline over 1 year | -19.72% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -29.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -1.48% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -1.25% | -9.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | — | — |
Volatility
IHF vs. MHIP - Volatility Comparison
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Volatility by Period
| IHF | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.25% | 11.73% | +9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 11.73% | +7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 11.73% | +9.30% |
IHF vs. MHIP - Expense Ratio Comparison
IHF has a 0.43% expense ratio, which is lower than MHIP's 0.55% expense ratio.
Dividends
IHF vs. MHIP - Dividend Comparison
IHF'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 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHF iShares U.S. Healthcare Providers ETF | 0.91% | 1.05% | 0.86% | 0.79% | 0.74% | 0.56% | 0.53% | 0.58% | 4.01% | 0.19% | 0.25% | 0.20% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IHF and MHIP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHF is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHF is cheaper with a 0.43% expense ratio, compared with 0.55% for MHIP.
IHF has the higher dividend yield at 0.91%, compared with 0.00% for MHIP.
They also come from different issuers: iShares and Milliman. Their fees differ too: 0.43% for IHF and 0.55% for MHIP.
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