IVV vs MHIP
iShares Core S&P 500 ETF vs Milliman Healthcare Inflation Plus ETF
Which is better, IVV or MHIP?
Large Cap Blend against Allocation/Balanced.
IVV has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | MHIP |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.55% |
| AUM | $886.7B | $2M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 75 |
| YTD Return | +13.39%Best | +5.92% |
| 1Y Return | +20.08% | - |
| 3Y Return (annualized) | +21.29% | - |
| 5Y Return (annualized) | +12.88% | - |
| Fund Family | iShares by BlackRock (US) | Milliman |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Allocation/Balanced |
| Inception | May 15, 2000 | Apr 7, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
IVV vs MHIP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs MHIP Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Milliman Healthcare Inflation Plus ETF (MHIP) is an ETF from Milliman. Year to date, IVV is up 13.39% versus a gain of 5.92% for MHIP.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while MHIP 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 1.10% against 0.00% for MHIP.
Holdings Overlap
At least 8.6% of IVV's money is in holdings MHIP also owns.
Stated as a floor: for MHIP, our book for it covers 73.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and MHIP share little of their money.
50 positions in common, counted across the 504 positions we hold weights for in IVV and 70 in MHIP, against full books of 508 and 75.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MHIP | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 1.39% | 4.18% | 2.79% |
| UNHUnitedhealth Group | 0.56% | 3.70% | 3.14% |
| JNJJohnson & Johnson - Common | 0.93% | 2.73% | 1.80% |
| TMOThermo Fisherscientific Inc. | 0.32% | 2.73% | 2.41% |
| ABBVAbbvie Inc. | 0.65% | 1.98% | 1.33% |
| ABTAbbott Laboratories | 0.28% | 2.08% | 1.80% |
| DHRDanaher Corporation | 0.19% | 1.94% | 1.75% |
| ISRGIntuitive Surgical Inc | 0.20% | 1.67% | 1.47% |
| SYKStryker Corp 3.375 11/25 | 0.17% | 1.67% | 1.50% |
| MDTMedtronic Plc Ordinary Shares | 0.17% | 1.35% | 1.18% |
You are not choosing between two funds in isolation.
Whichever of IVV and MHIP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or MHIP?
IVV has an expense ratio of 0.03% while MHIP charges 0.55%. IVV is the cheaper option, by $52 a year on a $10,000 investment.
What is the holdings overlap between IVV and MHIP?
At least 8.6% of IVV's money is in holdings MHIP also owns. Our book for MHIP is partial, so the real figure is this or higher. They hold 50 positions in common, counted across the 504 positions we hold weights for in IVV and 70 in MHIP.
Which pays a higher dividend, IVV or MHIP?
IVV yields 1.10% while MHIP yields 0.00%, so IVV currently pays the higher dividend yield.
Is MHIP better than IVV?
IVV has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.