MEDI vs. MHIP
MEDI (Harbor Health Care ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. Both are actively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. MEDI charges 0.80%/yr vs 0.55%/yr for MHIP.
Performance
MEDI vs. MHIP - Performance Comparison
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Returns By Period
MEDI
- 1D
- -1.40%
- 1M
- -7.14%
- 6M
- 3.32%
- YTD
- 2.78%
- 1Y
- 21.60%
- 3Y*
- 14.21%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.10%
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) |
|---|---|---|---|
| $122.30K | $134.20K | $281.73K | |
| $1.35K | $877.58 | $4.08K |
MEDI vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MEDI Harbor Health Care ETF | 5.26% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.20% |
Correlation
The correlation between MEDI and MHIP is 0.66, 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 | 0.66 |
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Return for Risk
MEDI vs. MHIP — Risk / Return Rank
MEDI
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MEDI vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Health Care ETF (MEDI) 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.
| MEDI | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | — | — |
| Martin ratioReturn relative to average drawdown | 4.09 | — | — |
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Drawdowns
MEDI vs. MHIP - Drawdown Comparison
The maximum MEDI drawdown since its inception was -19.24%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for MEDI and MHIP.
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Drawdown Indicators
| MEDI | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.24% | -3.09% | -16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.24% | — | — |
Current DrawdownCurrent decline from peak | -7.33% | -1.41% | -5.92% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -1.30% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | — | — |
Volatility
MEDI vs. MHIP - Volatility Comparison
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Volatility by Period
| MEDI | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.25% | 10.97% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 10.97% | +7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 10.97% | +7.73% |
MEDI vs. MHIP - Expense Ratio Comparison
MEDI has a 0.80% expense ratio, which is higher than MHIP's 0.55% expense ratio.
Dividends
MEDI vs. MHIP - Dividend Comparison
MEDI's dividend yield for the trailing twelve months is around 0.27%, while MHIP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MEDI Harbor Health Care ETF | 0.27% | 0.28% | 0.54% | 1.86% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MEDI and MHIP have a correlation of 0.66, 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 0.80% for MEDI.
MEDI has the higher dividend yield at 0.27%, compared with 0.00% for MHIP.
They also come from different issuers: Harbor and Milliman. Their fees differ too: 0.80% for MEDI and 0.55% for MHIP.
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