IHI vs. MHIP
IHI (iShares U.S. Medical Devices ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. IHI is passively managed, while MHIP is actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. IHI charges 0.38%/yr vs 0.55%/yr for MHIP.
Performance
IHI vs. MHIP - Performance Comparison
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Returns By Period
IHI
- 1D
- -0.44%
- 1M
- 1.21%
- 6M
- -12.40%
- YTD
- -15.32%
- 1Y
- -11.60%
- 3Y*
- -1.46%
- 5Y*
- -3.35%
- 10Y*
- 8.58%
- ALL TIME*
- 10.02%
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) |
|---|---|---|---|
| $145.90M | $167.07M | $148.77M | |
| $1.35K | $877.58 | $4.08K |
IHI vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IHI iShares U.S. Medical Devices ETF | -2.36% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.20% |
Correlation
The correlation between IHI and MHIP is 0.63, 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 | 0.63 |
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Return for Risk
IHI vs. MHIP — Risk / Return Rank
IHI
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IHI vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) 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.
| IHI | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.92 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | — | — |
| Martin ratioReturn relative to average drawdown | -0.88 | — | — |
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Drawdowns
IHI vs. MHIP - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.65%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for IHI and MHIP.
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Drawdown Indicators
| IHI | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.65% | -3.09% | -46.56% |
Max Drawdown (1Y)Largest decline over 1 year | -26.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | — | — |
Current DrawdownCurrent decline from peak | -20.04% | -1.41% | -18.63% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -1.30% | -7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.27% | — | — |
Volatility
IHI vs. MHIP - Volatility Comparison
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Volatility by Period
| IHI | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 10.97% | +8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 10.97% | +8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 10.97% | +9.04% |
IHI vs. MHIP - Expense Ratio Comparison
IHI has a 0.38% expense ratio, which is lower than MHIP's 0.55% expense ratio.
Dividends
IHI vs. MHIP - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.46%, while MHIP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.46% | 0.34% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% |
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
IHI and MHIP have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHI is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHI is cheaper with a 0.38% expense ratio, compared with 0.55% for MHIP.
IHI has the higher dividend yield at 0.46%, compared with 0.00% for MHIP.
They also come from different issuers: iShares and Milliman. Their fees differ too: 0.38% for IHI and 0.55% for MHIP.
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