LGHT vs. MHIP
LGHT (Langar Global HealthTech ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. Both are actively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. LGHT charges 0.85%/yr vs 0.55%/yr for MHIP.
Performance
LGHT vs. MHIP - Performance Comparison
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Returns By Period
LGHT
- 1D
- 2.48%
- 1M
- -1.15%
- 6M
- -9.79%
- YTD
- -11.21%
- 1Y
- -11.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -5.07%
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) |
|---|---|---|---|
| $39.55K | $23.01K | $17.27K | |
| $1.34K | $877.52 | $4.14K |
LGHT vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LGHT Langar Global HealthTech ETF | -1.40% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.60% |
Correlation
The correlation between LGHT and MHIP is 0.68, 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 | 0.68 |
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Return for Risk
LGHT vs. MHIP — Risk / Return Rank
LGHT
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LGHT vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Langar Global HealthTech ETF (LGHT) 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.
| LGHT | 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 | -0.47 | — | — |
| Martin ratioReturn relative to average drawdown | -0.87 | — | — |
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Drawdowns
LGHT vs. MHIP - Drawdown Comparison
The maximum LGHT drawdown since its inception was -28.60%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for LGHT and MHIP.
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Drawdown Indicators
| LGHT | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.60% | -3.09% | -25.51% |
Max Drawdown (1Y)Largest decline over 1 year | -25.57% | — | — |
Current DrawdownCurrent decline from peak | -20.17% | -1.02% | -19.15% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -1.30% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.65% | — | — |
Volatility
LGHT vs. MHIP - Volatility Comparison
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Volatility by Period
| LGHT | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 10.92% | +9.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.47% | 10.92% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 10.92% | +8.55% |
LGHT vs. MHIP - Expense Ratio Comparison
LGHT has a 0.85% expense ratio, which is higher than MHIP's 0.55% expense ratio.
Dividends
LGHT vs. MHIP - Dividend Comparison
Neither LGHT nor MHIP has paid dividends to shareholders.
Frequently Asked Questions
LGHT and MHIP have a correlation of 0.68, 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 0.85% for LGHT.
LGHT and MHIP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Langar and Milliman. Their fees differ too: 0.85% for LGHT and 0.55% for MHIP.
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