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. Their 0.70 correlation means they have sometimes moved together and sometimes differently. 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
- -0.97%
- 1M
- -1.26%
- 6M
- 2.41%
- YTD
- 3.85%
- 1Y
- 21.78%
- 3Y*
- 7.07%
- 5Y*
- 4.53%
- 10Y*
- 8.22%
- ALL TIME*
- 7.37%
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) |
|---|---|---|---|
| $16.06M | $16.61M | $23.38M | |
| $1.35K | $877.58 | $4.08K |
IXJ vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IXJ iShares Global Healthcare ETF | 6.56% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.20% |
Correlation
The correlation between IXJ and MHIP is 0.70, 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 | 0.70 |
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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 | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | — | — |
| Martin ratioReturn relative to average drawdown | 4.99 | — | — |
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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 | -2.52% | -1.41% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -1.30% | -5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | — | — |
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 | 5.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 10.97% | +4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 10.97% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 10.97% | +4.77% |
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 1.44%, 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 | 1.44% | 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 0.70, 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 1.44%, 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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