MHIP vs. GERM

Last updated Jul 8, 2026

MHIP (Milliman Healthcare Inflation Plus ETF) and GERM (Amplify Treatments, Testing and Advancements ETF) are both Health & Biotech Equities funds. MHIP is actively managed, while GERM is passively managed. MHIP charges 0.55%/yr vs 0.68%/yr for GERM.

Performance

MHIP vs. GERM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Milliman Healthcare Inflation Plus ETF (MHIP) and Amplify Treatments, Testing and Advancements ETF (GERM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MHIP

• 1D: 0.26%
• 1M: 2.51%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GERM

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 0.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MHIP vs. GERM - Yearly Performance Comparison

	2026 (YTD)
MHIP Milliman Healthcare Inflation Plus ETF	1.64%
GERM Amplify Treatments, Testing and Advancements ETF	0.00%

Return for Risk

MHIP vs. GERM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Milliman Healthcare Inflation Plus ETF (MHIP) and Amplify Treatments, Testing and Advancements ETF (GERM). 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

MHIP vs. GERM - Drawdown Comparison

The maximum MHIP drawdown since its inception was -3.09%, which is greater than GERM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MHIP and GERM.

Drawdown Indicators

	MHIP	GERM	Difference
Max Drawdown Largest peak-to-trough decline	-3.09%	0.00%	-3.09%
Max Drawdown (1Y) Largest decline over 1 year	—	0.00%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.28%	0.00%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	MHIP	GERM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	0.00%	+11.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.86%	0.00%	+11.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.86%	0.00%	+11.86%

MHIP vs. GERM - Expense Ratio Comparison

MHIP has a 0.55% expense ratio, which is lower than GERM's 0.68% expense ratio.

Dividends

MHIP vs. GERM - Dividend Comparison

Neither MHIP nor GERM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, MHIP or GERM?

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.

Which ETF is cheaper, MHIP or GERM?

MHIP is cheaper with a 0.55% expense ratio, compared with 0.68% for GERM.

Which ETF pays a higher dividend yield, MHIP or GERM?

MHIP and GERM have nearly identical dividend yields, around 0.00%.

What is the main difference between MHIP and GERM?

They also come from different issuers: Milliman and Amplify. Their fees differ too: 0.55% for MHIP and 0.68% for GERM.