MHIG vs VOO
Milliman Healthcare Inflation Guard ETF vs Vanguard S&P 500 ETF
Which is better, MHIG or VOO?
Allocation/Balanced against Large Cap Blend.
VOO 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 | MHIG | VOO |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $1M | $997.4B |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 75 | 509 |
| YTD Return | -0.14% | +13.82%Best |
| 1Y Return | - | +18.56% |
| 3Y Return (annualized) | - | +23.49% |
| 5Y Return (annualized) | - | +13.34% |
| Fund Family | Milliman | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Apr 7, 2026 | Sep 7, 2010 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
MHIG vs VOO 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.
MHIG vs VOO Performance
Milliman Healthcare Inflation Guard ETF (MHIG) is an ETF from Milliman and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Year to date, MHIG is down 0.14% versus a gain of 13.82% for VOO.
Past performance does not guarantee future results.
Fees and Cost Over Time
MHIG charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, MHIG currently yields 0.00% against 1.04% for VOO.
Holdings Overlap
At least 8.8% of VOO's money is in holdings MHIG also owns.
Stated as a floor: for MHIG, our book for it covers 0.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VOO and MHIG share little of their money.
53 positions in common, counted across the 80 positions we hold weights for in MHIG and 494 in VOO, against full books of 75 and 509.
Top Shared Holdings
| Stock | Weight in MHIG | Weight in VOO | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 0.05% | 1.41% | 1.36% |
| JNJJohnson & Johnson - Common | 0.02% | 0.96% | 0.94% |
| ABBVAbbvie Inc. | 0.02% | 0.69% | 0.67% |
| UNHUnitedhealth Group Incorporated | 0.00% | 0.58% | 0.58% |
| MRKMerck & Company Inc | 0.00% | 0.50% | 0.50% |
| TMOThermo Fisherscientific Inc. | 0.01% | 0.33% | 0.32% |
| AMGNAmgen Inc. | 0.00% | 0.32% | 0.32% |
| ABTAbbott Laboratories | 0.00% | 0.29% | 0.29% |
| GILDGilead Sciences | 0.01% | 0.25% | 0.24% |
| PFEPfizer Inc | 0.00% | 0.22% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of MHIG and VOO 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, MHIG or VOO?
MHIG has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option, by $52 a year on a $10,000 investment.
What is the holdings overlap between MHIG and VOO?
At least 8.8% of VOO's money is in holdings MHIG also owns. Our book for MHIG is partial, so the real figure is this or higher. They hold 53 positions in common, counted across the 80 positions we hold weights for in MHIG and 494 in VOO.
Which pays a higher dividend, MHIG or VOO?
MHIG yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than MHIG?
VOO has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.