FHH.TO vs. HHL.TO
FHH.TO (First Trust AlphaDEX U.S. Health Care Sector Index ETF) and HHL.TO (Harvest Healthcare Leaders Income ETF) are both Health & Biotech Equities funds. FHH.TO is passively managed, while HHL.TO is actively managed. Over the past 10 years, FHH.TO returned 8.42%/yr vs 6.39%/yr for HHL.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
FHH.TO vs. HHL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FHH.TO achieves a 9.08% return, which is significantly higher than HHL.TO's -3.60% return. Over the past 10 years, FHH.TO has outperformed HHL.TO with an annualized return of 8.42%, while HHL.TO has yielded a comparatively lower 6.39% annualized 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%
HHL.TO
- 1D
- 0.14%
- 1M
- 2.73%
- 6M
- -5.81%
- YTD
- -3.60%
- 1Y
- 9.75%
- 3Y*
- 5.45%
- 5Y*
- 5.46%
- 10Y*
- 6.39%
FHH.TO vs. HHL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 4.25% | 12.14% |
HHL.TO Harvest Healthcare Leaders Income ETF | -3.60% | 10.47% | 3.87% | 6.74% | 1.28% | 23.97% | 5.28% | 14.05% | 2.14% | 13.62% |
Correlation
The correlation between FHH.TO and HHL.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2014 | 0.19 |
The correlation between FHH.TO and HHL.TO shifts across timeframes, from 0.01 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FHH.TO vs. HHL.TO — Risk / Return Rank
FHH.TO
HHL.TO
FHH.TO vs. HHL.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 Harvest Healthcare Leaders Income ETF (HHL.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.TO | HHL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 0.76 | +1.04 |
| Martin ratioReturn relative to average drawdown | 4.88 | 1.70 | +3.18 |
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Drawdowns
FHH.TO vs. HHL.TO - Drawdown Comparison
The maximum FHH.TO drawdown since its inception was -25.83%, roughly equal to the maximum HHL.TO drawdown of -26.70%. Use the drawdown chart below to compare losses from any high point for FHH.TO and HHL.TO.
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Drawdown Indicators
| FHH.TO | HHL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.83% | -26.70% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -12.88% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -16.01% | -4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.86% | -16.01% | -5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -23.58% | -26.70% | +3.12% |
Current DrawdownCurrent decline from peak | -4.65% | -6.76% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -6.23% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 5.75% | -0.99% |
Volatility
FHH.TO vs. HHL.TO - Volatility Comparison
First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) and Harvest Healthcare Leaders Income ETF (HHL.TO) have volatilities of 5.58% and 5.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHH.TO | HHL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 5.43% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 11.34% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 15.42% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 14.32% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 15.82% | +0.89% |
Dividends
FHH.TO vs. HHL.TO - Dividend Comparison
FHH.TO's dividend yield for the trailing twelve months is around 0.59%, less than HHL.TO's 10.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
HHL.TO Harvest Healthcare Leaders Income ETF | 10.21% | 9.36% | 9.27% | 8.71% | 8.51% | 7.91% | 9.02% | 8.65% | 9.00% | 8.45% | 8.83% | 8.19% |
Frequently Asked Questions
FHH.TO and HHL.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: First Trust and Harvest.
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