MHIP vs QQQ
Milliman Healthcare Inflation Plus ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | MHIP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $1M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 80 | 108 | |
| YTD Return | +6.26% | +18.31% | |
| 1Y Return | - | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -2.3% | -83.0% | |
| Fund Family | Milliman | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 7, 2026 | Mar 10, 1999 |
MHIP vs QQQ Performance
Milliman Healthcare Inflation Plus ETF (MHIP) is a ETF from Milliman and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, MHIP is up 6.26% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.3% for MHIP and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 0.41% for QQQ.
Holdings Overlap
MHIP and QQQ share 9 holdings out of 172 unique holdings combined, representing a 2.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $37 per year of difference.
What is the holdings overlap between MHIP and QQQ?
MHIP and QQQ share 9 common holdings with a 2.7% weight overlap. Combined, they hold 172 unique securities.
Which pays a higher dividend, MHIP or QQQ?
MHIP yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.