JDOC vs. MHIP
JDOC (Jpmorgan Healthcare Leaders ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. Both are actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. JDOC charges 0.65%/yr vs 0.55%/yr for MHIP.
Performance
JDOC vs. MHIP - Performance Comparison
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Returns By Period
JDOC
- 1D
- -0.50%
- 1M
- -2.51%
- 6M
- 2.15%
- YTD
- 4.29%
- 1Y
- 23.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.54%
MHIP
- 1D
- 0.39%
- 1M
- -0.68%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.20K | $19.99K | $31.46K | |
| $1.34K | $877.52 | $4.14K |
JDOC vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
JDOC Jpmorgan Healthcare Leaders ETF | 6.57% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.60% |
Correlation
The correlation between JDOC and MHIP is 0.69, 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 | 0.69 |
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Return for Risk
JDOC vs. MHIP — Risk / Return Rank
JDOC
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JDOC vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Healthcare Leaders ETF (JDOC) 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.
| JDOC | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | — | — |
| Martin ratioReturn relative to average drawdown | 6.25 | — | — |
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Drawdowns
JDOC vs. MHIP - Drawdown Comparison
The maximum JDOC drawdown since its inception was -20.87%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for JDOC and MHIP.
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Drawdown Indicators
| JDOC | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -3.09% | -17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | — | — |
Current DrawdownCurrent decline from peak | -3.07% | -1.02% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -1.30% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | — | — |
Volatility
JDOC vs. MHIP - Volatility Comparison
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Volatility by Period
| JDOC | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.82% | 10.92% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 10.92% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 10.92% | +3.77% |
JDOC vs. MHIP - Expense Ratio Comparison
JDOC has a 0.65% expense ratio, which is higher than MHIP's 0.55% expense ratio.
Dividends
JDOC vs. MHIP - Dividend Comparison
JDOC's dividend yield for the trailing twelve months is around 0.85%, while MHIP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JDOC Jpmorgan Healthcare Leaders ETF | 0.85% | 0.89% | 5.57% | 0.15% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JDOC and MHIP have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MHIP is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MHIP is cheaper with a 0.55% expense ratio, compared with 0.65% for JDOC.
JDOC has the higher dividend yield at 0.85%, compared with 0.00% for MHIP.
They also come from different issuers: JPMorgan and Milliman. Their fees differ too: 0.65% for JDOC and 0.55% for MHIP.
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