MHIP vs. VHT
MHIP (Milliman Healthcare Inflation Plus ETF) and VHT (Vanguard Health Care ETF) are both Health & Biotech Equities funds. MHIP is actively managed, while VHT is passively managed. Their 0.71 correlation means they have sometimes moved together and sometimes differently. MHIP charges 0.55%/yr vs 0.09%/yr for VHT.
Performance
MHIP vs. VHT - Performance Comparison
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Returns By Period
MHIP
- 1D
- 0.51%
- 1M
- 0.74%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VHT
- 1D
- 0.52%
- 1M
- 1.74%
- 6M
- 5.10%
- YTD
- 7.30%
- 1Y
- 24.04%
- 3Y*
- 8.88%
- 5Y*
- 5.22%
- 10Y*
- 9.97%
- ALL TIME*
- 9.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $444.11 | $1.02K | $5.73K | |
| $68.13M | $77.90M | $72.85M |
MHIP vs. VHT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MHIP Milliman Healthcare Inflation Plus ETF | 0.54% |
VHT Vanguard Health Care ETF | 11.38% |
Correlation
The correlation between MHIP and VHT is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026 | 0.71 |
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Return for Risk
MHIP vs. VHT — Risk / Return Rank
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VHT
MHIP vs. VHT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Milliman Healthcare Inflation Plus ETF (MHIP) and Vanguard Health Care ETF (VHT). 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 | VHT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.32 | — |
| Martin ratioReturn relative to average drawdown | — | 5.72 | — |
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Drawdowns
MHIP vs. VHT - Drawdown Comparison
The maximum MHIP drawdown since its inception was -3.09%, smaller than the maximum VHT drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for MHIP and VHT.
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Drawdown Indicators
| MHIP | VHT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.09% | -39.12% | +36.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.85% | — |
Current DrawdownCurrent decline from peak | -1.08% | -1.17% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -5.97% | +4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.24% | — |
Volatility
MHIP vs. VHT - Volatility Comparison
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Volatility by Period
| MHIP | VHT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 15.18% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.14% | 15.21% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 17.01% | -5.87% |
MHIP vs. VHT - Expense Ratio Comparison
MHIP has a 0.55% expense ratio, which is higher than VHT's 0.09% expense ratio.
Dividends
MHIP vs. VHT - Dividend Comparison
MHIP has not paid dividends to shareholders, while VHT's dividend yield for the trailing twelve months is around 1.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VHT Vanguard Health Care ETF | 1.54% | 1.61% | 1.53% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% |
Frequently Asked Questions
MHIP and VHT have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHT is cheaper with a 0.09% expense ratio, compared with 0.55% for MHIP.
VHT has the higher dividend yield at 1.54%, compared with 0.00% for MHIP.
They also come from different issuers: Milliman and Vanguard. Their fees differ too: 0.55% for MHIP and 0.09% for VHT.
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