IVV vs MHIG
iShares Core S&P 500 ETF vs Milliman Healthcare Inflation Guard ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MHIG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.55% | |
| AUM | $865.2B | $989,796.52 | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 80 | |
| YTD Return | +14.50% | +0.46% | |
| 1Y Return | +22.02% | - | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -2.8% | |
| Fund Family | iShares by BlackRock (US) | Milliman | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Apr 7, 2026 |
IVV vs MHIG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Milliman Healthcare Inflation Guard ETF (MHIG) is a ETF from Milliman. Year to date, IVV is up 14.50% versus a gain of 0.46% for MHIG.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -2.8% for MHIG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
IVV charges 0.03% per year while MHIG charges 0.55%. On a $10,000 position that is $3 vs $55 annually, a gap of $52 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for MHIG.
Holdings Overlap
IVV and MHIG share 53 holdings out of 530 unique holdings combined, representing a 7.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MHIG?
IVV has an expense ratio of 0.03% while MHIG charges 0.55%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
What is the holdings overlap between IVV and MHIG?
IVV and MHIG share 53 common holdings with a 7.8% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, IVV or MHIG?
IVV yields 1.09% while MHIG yields 0.00%, so IVV currently pays the higher dividend yield.
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