MHIG vs. DINE

Last updated Jul 28, 2026

MHIG (Milliman Healthcare Inflation Guard ETF) and DINE (Simplify Tax Aware Diversified Income Strategy ETF) are both Multistrategy funds. Both are actively managed. Their 0.43 correlation means their historical movements had little consistent relationship. MHIG charges 0.55%/yr vs 0.15%/yr for DINE.

Performance

MHIG vs. DINE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Milliman Healthcare Inflation Guard ETF (MHIG) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MHIG

• 1D: 0.28%
• 1M: -0.39%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DINE

• 1D: 0.25%
• 1M: -1.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DINE Simplify Tax Aware Diversified Income Strategy ETF	$54.34K	$29.81K	$12.03K
MHIG Milliman Healthcare Inflation Guard ETF	$288.37	$336.43	$1.73K

MHIG vs. DINE - Yearly Performance Comparison

	2026 (YTD)
MHIG Milliman Healthcare Inflation Guard ETF	0.29%
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.27%

Correlation

The correlation between MHIG and DINE is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.43

Return for Risk

MHIG vs. DINE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Milliman Healthcare Inflation Guard ETF (MHIG) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). 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. DINE - Drawdown Comparison

The maximum MHIG drawdown since its inception was -3.06%, which is greater than DINE's maximum drawdown of -1.73%. Use the drawdown chart below to compare losses from any high point for MHIG and DINE.

Drawdown Indicators

	MHIG	DINE	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	-1.73%	-1.33%
Current Drawdown Current decline from peak	-2.45%	-1.48%	-0.97%
Average Drawdown Average peak-to-trough decline	-1.94%	-0.39%	-1.55%

Volatility

Volatility by Period

	MHIG	DINE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.48%	4.22%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.48%	4.22%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.48%	4.22%	+3.26%

MHIG vs. DINE - Expense Ratio Comparison

MHIG has a 0.55% expense ratio, which is higher than DINE's 0.15% expense ratio.

Dividends

MHIG vs. DINE - Dividend Comparison

MHIG has not paid dividends to shareholders, while DINE's dividend yield for the trailing twelve months is around 0.20%.

Position	TTM
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.20%
MHIG Milliman Healthcare Inflation Guard ETF	0.00%

Frequently Asked Questions

Can I hold both MHIG and DINE in my portfolio?

MHIG and DINE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MHIG or DINE?

On fees, DINE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MHIG or DINE?

DINE is cheaper with a 0.15% expense ratio, compared with 0.55% for MHIG.

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

DINE has the higher dividend yield at 0.20%, compared with 0.00% for MHIG.

What is the main difference between MHIG and DINE?

They also come from different issuers: Milliman and Simplify. Their fees differ too: 0.55% for MHIG and 0.15% for DINE.