MHIP vs SCHD
Milliman Healthcare Inflation Plus ETF vs Schwab US Dividend Equity ETF
Which is better, MHIP or SCHD?
Allocation/Balanced against Large Cap Value.
SCHD 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 | SCHD |
|---|---|---|
| Expense Ratio | 0.55% | 0.06%Best |
| AUM | $2M | $112.1B |
| Dividend Yield | 0.00% | 3.00% |
| Holdings | 75 | 103 |
| YTD Return | +4.87% | +23.46%Best |
| 1Y Return | - | +27.20% |
| 3Y Return (annualized) | - | +15.41% |
| 5Y Return (annualized) | - | +10.16% |
| Fund Family | Milliman | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | Apr 7, 2026 | Oct 20, 2011 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
MHIP vs SCHD 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 SCHD Performance
Milliman Healthcare Inflation Plus ETF (MHIP) is an ETF from Milliman and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Year to date, MHIP is up 4.87% versus a gain of 23.46% for SCHD.
Past performance does not guarantee future results.
Fees and Cost Over Time
MHIP charges 0.55% per year while SCHD charges 0.06%. On a $10,000 position that is $55 vs $6 annually, a gap of $49 per year that compounds over a long holding period. On income, MHIP currently yields 0.00% against 3.00% for SCHD.
Holdings Overlap
At least 21.3% of SCHD's money is in holdings MHIP also owns.
Stated as a floor: for MHIP, our book for it covers 0.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and MHIP share little of their money.
5 positions in common, counted across the 83 positions we hold weights for in MHIP and 100 in SCHD, against full books of 75 and 103.
21.3% of SCHD is already inside MHIP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MHIP or SCHD?
MHIP has an expense ratio of 0.55% while SCHD charges 0.06%. SCHD is the cheaper option, by $49 a year on a $10,000 investment.
What is the holdings overlap between MHIP and SCHD?
At least 21.3% of SCHD's money is in holdings MHIP also owns. Our book for MHIP is partial, so the real figure is this or higher. They hold 5 positions in common, counted across the 83 positions we hold weights for in MHIP and 100 in SCHD.
Which pays a higher dividend, MHIP or SCHD?
MHIP yields 0.00% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than MHIP?
SCHD has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.