MHIP vs. PSIL
MHIP (Milliman Healthcare Inflation Plus ETF) and PSIL (AdvisorShares Psychedelics ETF) are both Health & Biotech Equities funds. Both are actively managed. Their 0.38 correlation means their historical movements had little consistent relationship. MHIP charges 0.55%/yr vs 1.00%/yr for PSIL.
Performance
MHIP vs. PSIL - Performance Comparison
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Returns By Period
MHIP
- 1D
- 0.51%
- 1M
- 0.74%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PSIL
- 1D
- 0.64%
- 1M
- -0.04%
- 6M
- 36.07%
- YTD
- 37.97%
- 1Y
- 51.56%
- 3Y*
- 11.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $444.11 | $1.02K | $5.73K | |
| $1.56M | $1.41M | $927.31K |
MHIP vs. PSIL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MHIP Milliman Healthcare Inflation Plus ETF | 0.54% |
PSIL AdvisorShares Psychedelics ETF | 14.33% |
Correlation
The correlation between MHIP and PSIL is 0.38, 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 | 0.38 |
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Return for Risk
MHIP vs. PSIL — Risk / Return Rank
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PSIL
MHIP vs. PSIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Milliman Healthcare Inflation Plus ETF (MHIP) and AdvisorShares Psychedelics ETF (PSIL). 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 | PSIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.54 | — |
| Martin ratioReturn relative to average drawdown | — | 5.28 | — |
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Drawdowns
MHIP vs. PSIL - Drawdown Comparison
The maximum MHIP drawdown since its inception was -3.09%, smaller than the maximum PSIL drawdown of -92.72%. Use the drawdown chart below to compare losses from any high point for MHIP and PSIL.
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Drawdown Indicators
| MHIP | PSIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.09% | -92.72% | +89.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.38% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.47% | — |
Current DrawdownCurrent decline from peak | -1.08% | -73.16% | +72.08% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -76.65% | +75.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.82% | — |
Volatility
MHIP vs. PSIL - Volatility Comparison
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Volatility by Period
| MHIP | PSIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 40.85% | -29.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.14% | 62.63% | -51.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 62.63% | -51.49% |
MHIP vs. PSIL - Expense Ratio Comparison
MHIP has a 0.55% expense ratio, which is lower than PSIL's 1.00% expense ratio.
Dividends
MHIP vs. PSIL - Dividend Comparison
MHIP has not paid dividends to shareholders, while PSIL's dividend yield for the trailing twelve months is around 7.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MHIP Milliman Healthcare Inflation Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSIL AdvisorShares Psychedelics ETF | 7.19% | 10.95% | 1.49% | 0.24% | 2.91% |
Frequently Asked Questions
MHIP and PSIL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
MHIP is cheaper with a 0.55% expense ratio, compared with 1.00% for PSIL.
PSIL has the higher dividend yield at 7.19%, compared with 0.00% for MHIP.
They also come from different issuers: Milliman and AdvisorShares. Their fees differ too: 0.55% for MHIP and 1.00% for PSIL.
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