MHIP vs. MHIG

Last updated Jul 8, 2026

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 0.89 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

MHIP vs. MHIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Milliman Healthcare Inflation Plus ETF (MHIP) and Milliman Healthcare Inflation Guard ETF (MHIG). 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*: —

MHIG

• 1D: -0.15%
• 1M: 0.36%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MHIP vs. MHIG - Yearly Performance Comparison

	2026 (YTD)
MHIP Milliman Healthcare Inflation Plus ETF	1.64%
MHIG Milliman Healthcare Inflation Guard ETF	-1.62%

Correlation

The correlation between MHIP and MHIG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026	0.89

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.

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.

Drawdown Indicators

	MHIP	MHIG	Difference
Max Drawdown Largest peak-to-trough decline	-3.09%	-3.06%	-0.03%
Current Drawdown Current decline from peak	0.00%	-1.62%	+1.62%
Average Drawdown Average peak-to-trough decline	-1.28%	-1.80%	+0.52%

Volatility

Volatility by Period

	MHIP	MHIG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	8.18%	+3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.86%	8.18%	+3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.86%	8.18%	+3.68%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MHIP and MHIG in my portfolio?

MHIP and MHIG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MHIP or MHIG?

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MHIP or MHIG?

MHIP and MHIG have the same expense ratio: 0.55% per year.

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

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

What is the main difference between MHIP and MHIG?

MHIP is categorized as Health & Biotech Equities, while MHIG is Multistrategy.