MHIP vs. IBRN
MHIP (Milliman Healthcare Inflation Plus ETF) and IBRN (iShares Neuroscience and Healthcare ETF) are both Health & Biotech Equities funds. MHIP is actively managed, while IBRN is passively managed. Their 0.49 correlation means their historical movements had little consistent relationship. MHIP charges 0.55%/yr vs 0.47%/yr for IBRN.
Performance
MHIP vs. IBRN - Performance Comparison
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Returns By Period
MHIP
- 1D
- 0.51%
- 1M
- 0.74%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IBRN
- 1D
- 0.07%
- 1M
- -1.35%
- 6M
- 14.03%
- YTD
- 16.70%
- 1Y
- 63.80%
- 3Y*
- 16.21%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $111.86K | $139.14K | $95.86K | |
| $444.11 | $1.02K | $5.73K |
MHIP vs. IBRN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MHIP Milliman Healthcare Inflation Plus ETF | 0.54% |
IBRN iShares Neuroscience and Healthcare ETF | 6.65% |
Correlation
The correlation between MHIP and IBRN is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026 | 0.49 |
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Return for Risk
MHIP vs. IBRN — Risk / Return Rank
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBRN
MHIP vs. IBRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Milliman Healthcare Inflation Plus ETF (MHIP) and iShares Neuroscience and Healthcare ETF (IBRN). 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.
| MHIP | IBRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.28 | — |
| Martin ratioReturn relative to average drawdown | — | 19.03 | — |
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Drawdowns
MHIP vs. IBRN - Drawdown Comparison
The maximum MHIP drawdown since its inception was -3.09%, smaller than the maximum IBRN drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for MHIP and IBRN.
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Drawdown Indicators
| MHIP | IBRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.09% | -35.38% | +32.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.80% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.38% | — |
Current DrawdownCurrent decline from peak | -1.08% | -6.38% | +5.30% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -9.60% | +8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.36% | — |
Volatility
MHIP vs. IBRN - Volatility Comparison
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Volatility by Period
| MHIP | IBRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 25.36% | -14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.14% | 25.30% | -14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 25.30% | -14.16% |
MHIP vs. IBRN - Expense Ratio Comparison
MHIP has a 0.55% expense ratio, which is higher than IBRN's 0.47% expense ratio.
Dividends
MHIP vs. IBRN - Dividend Comparison
MHIP has not paid dividends to shareholders, while IBRN's dividend yield for the trailing twelve months is around 0.85%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBRN iShares Neuroscience and Healthcare ETF | 0.85% | 0.99% | 0.40% | 0.06% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MHIP and IBRN have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBRN is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBRN is cheaper with a 0.47% expense ratio, compared with 0.55% for MHIP.
IBRN has the higher dividend yield at 0.85%, compared with 0.00% for MHIP.
They also come from different issuers: Milliman and iShares. Their fees differ too: 0.55% for MHIP and 0.47% for IBRN.
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