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FHH.TO vs. BLCK.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FHH.TO vs. BLCK.TO

Last updated Jul 16, 2026
Documentation

FHH.TO (First Trust AlphaDEX U.S. Health Care Sector Index ETF) and BLCK.TO (First Trust Indxx Innovative Transaction and Process ETF) are both exchange-traded funds - FHH.TO is a Health & Biotech Equities fund tracking the StrataQuant Health Care Index, while BLCK.TO is a Blockchain fund tracking the Indxx Blockchain Index. Both are passively managed. Over the past 5 years, FHH.TO returned 4.14%/yr vs 13.55%/yr for BLCK.TO. At a 0.31 correlation, their price movements are largely independent.

Performance

FHH.TO vs. BLCK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) and First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FHH.TO achieves a 9.08% return, which is significantly lower than BLCK.TO's 11.05% return.

FHH.TO

1D
-2.10%
1M
4.40%
6M
6.95%
YTD
9.08%
1Y
23.16%
3Y*
6.39%
5Y*
4.14%
10Y*
8.42%

BLCK.TO

1D
-0.78%
1M
-2.04%
6M
7.44%
YTD
11.05%
1Y
25.20%
3Y*
22.65%
5Y*
13.55%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FHH.TO vs. BLCK.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FHH.TO
First Trust AlphaDEX U.S. Health Care Sector Index ETF		9.08%5.83%9.13%-6.00%-8.34%22.83%23.20%16.76%1.09%
BLCK.TO
First Trust Indxx Innovative Transaction and Process ETF		11.05%24.94%25.85%18.34%-14.89%18.96%13.50%26.93%-6.92%

Correlation

The correlation between FHH.TO and BLCK.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2018

0.31

Compare stocks, funds, or ETFs

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First Trust AlphaDEX U.S. Health Care Sector Index ETF

First Trust Indxx Innovative Transaction and Process ETF

Often compared with BLCK.TO:
BLCK.TO vs. FST.TOBLCK.TO vs. PAVE

Return for Risk

FHH.TO vs. BLCK.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FHH.TO
FHH.TO Risk / Return Rank: 4545
Overall Rank
FHH.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
FHH.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
FHH.TO Omega Ratio Rank: 4646
Omega Ratio Rank
FHH.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
FHH.TO Martin Ratio Rank: 3838
Martin Ratio Rank
BLCK.TO
BLCK.TO Risk / Return Rank: 6868
Overall Rank
BLCK.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
BLCK.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
BLCK.TO Omega Ratio Rank: 6868
Omega Ratio Rank
BLCK.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
BLCK.TO Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHH.TO vs. BLCK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) and First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

FHH.TOBLCK.TODifference
Sharpe ratioReturn per unit of total volatility
1.40
1.80

-0.40

Sortino ratioReturn per unit of downside risk
2.09
2.51

-0.41

Omega ratioGain probability vs. loss probability

1.25

1.33

-0.08

Calmar ratioReturn relative to maximum drawdown

1.80

2.71

-0.91

Martin ratioReturn relative to average drawdown

4.88

9.68

-4.80

FHH.TO vs. BLCK.TO - Sharpe Ratio Comparison

The current FHH.TO Sharpe Ratio is 1.40, which is comparable to the BLCK.TO Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of FHH.TO and BLCK.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FHH.TO vs. BLCK.TO - Drawdown Comparison

The maximum FHH.TO drawdown since its inception was -25.83%, roughly equal to the maximum BLCK.TO drawdown of -26.29%. Use the drawdown chart below to compare losses from any high point for FHH.TO and BLCK.TO.

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Drawdown Indicators

FHH.TOBLCK.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.83%

-26.29%

+0.46%

Max Drawdown (1Y)

Largest decline over 1 year

-12.91%

-9.39%

-3.52%

Max Drawdown (3Y)

Largest decline over 3 years

-20.20%

-14.88%

-5.32%

Max Drawdown (5Y)

Largest decline over 5 years

-21.86%

-24.67%

+2.81%

Max Drawdown (10Y)

Largest decline over 10 years

-23.58%

—

—

Current Drawdown

Current decline from peak

-4.65%

-2.44%

-2.21%

Average Drawdown

Average peak-to-trough decline

-8.37%

-5.01%

-3.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.76%

2.63%

+2.13%

Volatility

FHH.TO vs. BLCK.TO - Volatility Comparison

First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) has a higher volatility of 5.58% compared to First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) at 4.19%. This indicates that FHH.TO's price experiences larger fluctuations and is considered to be riskier than BLCK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FHH.TOBLCK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.58%

4.19%

+1.39%

Volatility (6M)

Calculated over the trailing 6-month period

11.85%

12.31%

-0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

16.59%

14.16%

+2.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.99%

14.36%

+1.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.71%

16.04%

+0.67%

Dividends

FHH.TO vs. BLCK.TO - Dividend Comparison

FHH.TO's dividend yield for the trailing twelve months is around 0.59%, less than BLCK.TO's 1.22% yield.

PositionTTM20252024202320222021202020192018
BLCK.TO
First Trust Indxx Innovative Transaction and Process ETF		1.22%1.44%1.45%1.65%3.16%1.26%0.25%2.43%0.87%
FHH.TO
First Trust AlphaDEX U.S. Health Care Sector Index ETF		0.59%0.12%0.22%0.23%0.39%5.28%0.00%0.00%0.00%

Frequently Asked Questions

FHH.TO and BLCK.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FHH.TO is categorized as Health & Biotech Equities, while BLCK.TO is Blockchain. FHH.TO tracks StrataQuant Health Care Index, while BLCK.TO tracks Indxx Blockchain Index.

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