MHIG vs. BPRO

Last updated Jul 14, 2026

MHIG (Milliman Healthcare Inflation Guard ETF) and BPRO (Bitwise Proficio Currency Debasement ETF) are both Multistrategy funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

MHIG vs. BPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Milliman Healthcare Inflation Guard ETF (MHIG) and Bitwise Proficio Currency Debasement ETF (BPRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MHIG

• 1D: -0.48%
• 1M: -0.12%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPRO

• 1D: -2.06%
• 1M: -6.40%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MHIG vs. BPRO - Yearly Performance Comparison

	2026 (YTD)
MHIG Milliman Healthcare Inflation Guard ETF	-2.49%
BPRO Bitwise Proficio Currency Debasement ETF	-21.26%

Correlation

The correlation between MHIG and BPRO is 0.79, 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	0.79

Return for Risk

MHIG vs. BPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Milliman Healthcare Inflation Guard ETF (MHIG) and Bitwise Proficio Currency Debasement ETF (BPRO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

MHIG vs. BPRO - Drawdown Comparison

The maximum MHIG drawdown since its inception was -3.06%, smaller than the maximum BPRO drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for MHIG and BPRO.

Drawdown Indicators

	MHIG	BPRO	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	-35.01%	+31.95%
Current Drawdown Current decline from peak	-2.49%	-35.01%	+32.52%
Average Drawdown Average peak-to-trough decline	-1.82%	-21.51%	+19.69%

Volatility

Volatility by Period

	MHIG	BPRO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	43.99%	-35.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.02%	43.99%	-35.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.02%	43.99%	-35.97%

Dividends

MHIG vs. BPRO - Dividend Comparison

Neither MHIG nor BPRO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MHIG and BPRO in my portfolio?

MHIG and BPRO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, MHIG or BPRO?

MHIG and BPRO have nearly identical dividend yields, around 0.00%.

What is the main difference between MHIG and BPRO?

They also come from different issuers: Milliman and Bitwise.