IXJ vs. MHIP
IXJ (iShares Global Healthcare ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. IXJ is passively managed, while MHIP is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. IXJ charges 0.40%/yr vs 0.55%/yr for MHIP.
Performance
IXJ vs. MHIP - Performance Comparison
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Returns By Period
IXJ
- 1D
- 0.00%
- 1M
- 3.99%
- 6M
- 0.43%
- YTD
- 2.76%
- 1Y
- 16.93%
- 3Y*
- 7.13%
- 5Y*
- 4.65%
- 10Y*
- 8.33%
MHIP
- 1D
- -0.57%
- 1M
- 1.53%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXJ vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IXJ iShares Global Healthcare ETF | 5.45% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.13% |
Correlation
The correlation between IXJ and MHIP is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026 | 0.67 |
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Return for Risk
IXJ vs. MHIP — Risk / Return Rank
IXJ
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IXJ vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) 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.
| IXJ | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | — | — |
| Martin ratioReturn relative to average drawdown | 3.71 | — | — |
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Drawdowns
IXJ vs. MHIP - Drawdown Comparison
The maximum IXJ drawdown since its inception was -40.60%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for IXJ and MHIP.
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Drawdown Indicators
| IXJ | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -3.09% | -37.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.35% | — | — |
Current DrawdownCurrent decline from peak | -2.36% | -1.48% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -1.25% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | — | — |
Volatility
IXJ vs. MHIP - Volatility Comparison
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Volatility by Period
| IXJ | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.19% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 11.73% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 11.73% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 11.73% | +3.97% |
IXJ vs. MHIP - Expense Ratio Comparison
IXJ has a 0.40% expense ratio, which is lower than MHIP's 0.55% expense ratio.
Dividends
IXJ vs. MHIP - Dividend Comparison
IXJ's dividend yield for the trailing twelve months is around 1.46%, while MHIP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.46% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
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
IXJ and MHIP have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IXJ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IXJ is cheaper with a 0.40% expense ratio, compared with 0.55% for MHIP.
IXJ has the higher dividend yield at 1.46%, compared with 0.00% for MHIP.
They also come from different issuers: iShares and Milliman. Their fees differ too: 0.40% for IXJ and 0.55% for MHIP.
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