MHIP vs QQQ
Milliman Healthcare Inflation Plus ETF vs Invesco QQQ Trust, Series 1
Which is better, MHIP or QQQ?
Allocation/Balanced against Large Cap Growth.
QQQ 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 | MHIP | QQQ |
|---|---|---|
| Expense Ratio | 0.55% | 0.18%Best |
| AUM | $2M | $486.1B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 75 | 107 |
| YTD Return | +5.92% | +17.54%Best |
| 1Y Return | - | +25.59% |
| 3Y Return (annualized) | - | +24.63% |
| 5Y Return (annualized) | - | +14.18% |
| Fund Family | Milliman | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Growth |
| Inception | Apr 7, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
MHIP vs QQQ 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.
MHIP vs QQQ Performance
Milliman Healthcare Inflation Plus ETF (MHIP) is an ETF from Milliman and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, MHIP is up 5.92% versus a gain of 17.54% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
MHIP charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, MHIP currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
At least 3.4% of QQQ'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.
QQQ and MHIP share little of their money.
8 positions in common, counted across the 70 positions we hold weights for in MHIP and 102 in QQQ, against full books of 75 and 107.
Top Shared Holdings
| Stock | Weight in MHIP | Weight in QQQ | Difference |
|---|---|---|---|
| ISRGIntuitive Surgical Inc | 1.67% | 0.58% | 1.09% |
| VRTXVertex Pharmaceuticals Inc | 0.81% | 0.54% | 0.27% |
| AMGNAmgen Inc. | 0.31% | 0.97% | 0.66% |
| GILDGilead Sciences Inc | 0.18% | 0.72% | 0.54% |
| IDXXIdexx Laboratories Inc. | 0.56% | 0.20% | 0.36% |
| ALNYAlnylam Pharmaceuticals Inc. | 0.57% | 0.13% | 0.44% |
| GEHCGe Healthcare Technologies Inc | 0.40% | 0.14% | 0.26% |
| DXCMDexcom Inc. | 0.36% | 0.14% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of MHIP and QQQ 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, MHIP or QQQ?
MHIP has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option, by $37 a year on a $10,000 investment.
What is the holdings overlap between MHIP and QQQ?
At least 3.4% of QQQ's money is in holdings MHIP also owns. Our book for MHIP is partial, so the real figure is this or higher. They hold 8 positions in common, counted across the 70 positions we hold weights for in MHIP and 102 in QQQ.
Which pays a higher dividend, MHIP or QQQ?
MHIP yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than MHIP?
QQQ has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.