VHT vs. MHIP
VHT (Vanguard Health Care ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. VHT is passively managed, while MHIP is actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. VHT charges 0.09%/yr vs 0.55%/yr for MHIP.
Performance
VHT vs. MHIP - Performance Comparison
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Returns By Period
VHT
- 1D
- -0.76%
- 1M
- -1.17%
- 6M
- 6.86%
- YTD
- 6.65%
- 1Y
- 27.92%
- 3Y*
- 9.09%
- 5Y*
- 5.06%
- 10Y*
- 9.89%
- ALL TIME*
- 9.92%
MHIP
- 1D
- -0.57%
- 1M
- -1.07%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.35K | $877.58 | $4.08K | |
| $66.49M | $76.90M | $73.37M |
VHT vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VHT Vanguard Health Care ETF | 10.71% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.20% |
Correlation
The correlation between VHT and MHIP is 0.72, 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 | 0.72 |
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Return for Risk
VHT vs. MHIP — Risk / Return Rank
VHT
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VHT vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care ETF (VHT) and Milliman Healthcare Inflation Plus ETF (MHIP). 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.
| VHT | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | — | — |
| Martin ratioReturn relative to average drawdown | 6.79 | — | — |
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Drawdowns
VHT vs. MHIP - Drawdown Comparison
The maximum VHT drawdown since its inception was -39.12%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for VHT and MHIP.
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Drawdown Indicators
| VHT | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.12% | -3.09% | -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 | -2.69% | -1.41% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -1.30% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | — | — |
Volatility
VHT vs. MHIP - Volatility Comparison
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Volatility by Period
| VHT | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.35% | 10.97% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 10.97% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 10.97% | +6.05% |
VHT vs. MHIP - Expense Ratio Comparison
VHT has a 0.09% expense ratio, which is lower than MHIP's 0.55% expense ratio.
Dividends
VHT vs. MHIP - Dividend Comparison
VHT's dividend yield for the trailing twelve months is around 1.55%, while MHIP has not paid dividends to shareholders.
| 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 | 1.55% | 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
VHT and MHIP have a correlation of 0.72, 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 1.55%, compared with 0.00% for MHIP.
They also come from different issuers: Vanguard and Milliman. Their fees differ too: 0.09% for VHT and 0.55% for MHIP.
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