MHIP vs. IXJ
MHIP (Milliman Healthcare Inflation Plus ETF) and IXJ (iShares Global Healthcare ETF) are both Health & Biotech Equities funds. MHIP is actively managed, while IXJ is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. MHIP charges 0.55%/yr vs 0.40%/yr for IXJ.
Performance
MHIP vs. IXJ - Performance Comparison
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Returns By Period
MHIP
- 1D
- 0.60%
- 1M
- 0.71%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXJ
- 1D
- 1.78%
- 1M
- 5.28%
- 6M
- 1.38%
- YTD
- 3.24%
- 1Y
- 18.16%
- 3Y*
- 7.44%
- 5Y*
- 4.87%
- 10Y*
- 8.37%
MHIP vs. IXJ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MHIP Milliman Healthcare Inflation Plus ETF | 0.14% |
IXJ iShares Global Healthcare ETF | 5.94% |
Correlation
The correlation between MHIP and IXJ is 0.69, 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 | 0.69 |
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Return for Risk
MHIP vs. IXJ — Risk / Return Rank
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IXJ
MHIP vs. IXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Milliman Healthcare Inflation Plus ETF (MHIP) and iShares Global Healthcare ETF (IXJ). 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 | IXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.69 | — |
| Martin ratioReturn relative to average drawdown | — | 3.98 | — |
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Drawdowns
MHIP vs. IXJ - Drawdown Comparison
The maximum MHIP drawdown since its inception was -3.09%, smaller than the maximum IXJ drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for MHIP and IXJ.
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Drawdown Indicators
| MHIP | IXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.09% | -40.60% | +37.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.78% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.35% | — |
Current DrawdownCurrent decline from peak | -1.47% | -1.91% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -6.91% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.58% | — |
Volatility
MHIP vs. IXJ - Volatility Comparison
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Volatility by Period
| MHIP | IXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 15.44% | -3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.54% | 14.45% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.54% | 15.71% | -4.17% |
MHIP vs. IXJ - Expense Ratio Comparison
MHIP has a 0.55% expense ratio, which is higher than IXJ's 0.40% expense ratio.
Dividends
MHIP vs. IXJ - Dividend Comparison
MHIP has not paid dividends to shareholders, while IXJ's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.45% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MHIP and IXJ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IXJ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IXJ is cheaper with a 0.40% expense ratio, compared with 0.55% for MHIP.
IXJ has the higher dividend yield at 1.45%, compared with 0.00% for MHIP.
They also come from different issuers: Milliman and iShares. Their fees differ too: 0.55% for MHIP and 0.40% for IXJ.
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