MHIP vs VOO
Milliman Healthcare Inflation Plus ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MHIP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $1M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 80 | 509 | |
| YTD Return | +6.07% | +13.25% | |
| 1Y Return | - | +19.96% | |
| 3Y Return (annualized) | - | +21.27% | |
| 5Y Return (annualized) | - | +12.81% | |
| Volatility (annualized) | - | 14.1% | |
| Max Drawdown | -2.3% | -34.3% | |
| Fund Family | Milliman | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 7, 2026 | Sep 7, 2010 |
MHIP vs VOO Performance
Milliman Healthcare Inflation Plus ETF (MHIP) is a ETF from Milliman and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Year to date, MHIP is up 6.07% versus a gain of 13.25% for VOO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.3% for MHIP and -34.3% for VOO. 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 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, MHIP currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
MHIP and VOO share 50 holdings out of 525 unique holdings combined, representing a 8.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MHIP or VOO?
MHIP has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
What is the holdings overlap between MHIP and VOO?
MHIP and VOO share 50 common holdings with a 8.3% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, MHIP or VOO?
MHIP yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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