Quick Verdict

VYM has a lower expense ratio. VYM offers more diversification with 558 holdings.

Lower Fees: VYMHigher Returns: TiedMore Diversified: VYM

Side-by-Side Comparison

MetricMHIPVYMWinner
Expense Ratio0.55%0.04%
AUM$1M$79.0B
Dividend Yield0.00%2.86%
Holdings80568
YTD Return+4.93%+15.80%
1Y Return-+26.12%
3Y Return (annualized)-+18.25%
5Y Return (annualized)-+12.51%
Volatility (annualized)-14.6%
Max Drawdown-2.3%-58.8%
Fund FamilyMillimanVanguard (US)
CategoryAllocation/BalancedEquity
InceptionApr 7, 2026Nov 10, 2006

MHIP vs VYM Performance

Milliman Healthcare Inflation Plus ETF (MHIP) is a ETF from Milliman and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Year to date, MHIP is up 4.93% versus a gain of 15.80% for VYM.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -2.3% for MHIP and -58.8% for VYM. 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 VYM charges 0.04%. On a $10,000 position that is $55 vs $4 annually, a gap of $51 per year that compounds over a long holding period. On income, MHIP currently yields 0.00% against 2.86% for VYM.

Holdings Overlap

10.8%overlap

MHIP and VYM share 17 holdings out of 619 unique holdings combined, representing a 10.8% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in MHIPWeight in VYMDifference
JNJ2.17%2.62%0.45%
UNH3.33%1.17%2.16%
ABT2.28%0.88%1.40%
ABBVProProPro
MRKProProPro
MDT:IEProProPro
CVSProProPro
AMGNProProPro
GILDProProPro
PFEProProPro
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Frequently Asked Questions

Which is cheaper, MHIP or VYM?

MHIP has an expense ratio of 0.55% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $51 per year of difference.

What is the holdings overlap between MHIP and VYM?

MHIP and VYM share 17 common holdings with a 10.8% weight overlap. Combined, they hold 619 unique securities.

Which pays a higher dividend, MHIP or VYM?

MHIP yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.

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