MHIP vs. MHIG
MHIP (Milliman Healthcare Inflation Plus ETF) and MHIG (Milliman Healthcare Inflation Guard ETF) are both exchange-traded funds - MHIP is a Health & Biotech Equities fund actively managed by Milliman, while MHIG is a Multistrategy fund actively managed by Milliman. Both are actively managed. Their correlation of 0.88 means they have usually moved in the same direction. Both charge a 0.55% expense ratio.
Performance
MHIP vs. MHIG - Performance Comparison
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Returns By Period
MHIP
- 1D
- 0.51%
- 1M
- 0.74%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MHIG
- 1D
- 0.28%
- 1M
- -0.39%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $288.37 | $336.43 | $1.73K | |
| $444.11 | $1.02K | $5.73K |
MHIP vs. MHIG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MHIP Milliman Healthcare Inflation Plus ETF | 0.54% |
MHIG Milliman Healthcare Inflation Guard ETF | -2.45% |
Correlation
The correlation between MHIP and MHIG is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026 | 0.88 |
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Return for Risk
MHIP vs. MHIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Milliman Healthcare Inflation Plus ETF (MHIP) and Milliman Healthcare Inflation Guard ETF (MHIG). 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.
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Drawdowns
MHIP vs. MHIG - Drawdown Comparison
The maximum MHIP drawdown since its inception was -3.09%, roughly equal to the maximum MHIG drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for MHIP and MHIG.
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Drawdown Indicators
| MHIP | MHIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.09% | -3.06% | -0.03% |
Current DrawdownCurrent decline from peak | -1.08% | -2.45% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -1.94% | +0.60% |
Volatility
MHIP vs. MHIG - Volatility Comparison
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Volatility by Period
| MHIP | MHIG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 7.48% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.14% | 7.48% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 7.48% | +3.66% |
MHIP vs. MHIG - Expense Ratio Comparison
Both MHIP and MHIG have an expense ratio of 0.55%.
Dividends
MHIP vs. MHIG - Dividend Comparison
Neither MHIP nor MHIG has paid dividends to shareholders.
Frequently Asked Questions
MHIP and MHIG have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MHIP and MHIG have the same expense ratio: 0.55% per year.
MHIP and MHIG have nearly identical dividend yields, around 0.00%.
MHIP is categorized as Health & Biotech Equities, while MHIG is Multistrategy.
Find the right allocation for MHIP and MHIG
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