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

FHH.TO vs. XHC.TO

Last updated Jul 16, 2026
Documentation

FHH.TO (First Trust AlphaDEX U.S. Health Care Sector Index ETF) and XHC.TO (iShares Global Healthcare Index ETF (CAD-Hedged)) are both Health & Biotech Equities funds - FHH.TO tracks the StrataQuant Health Care Index while XHC.TO tracks the Morningstar Gbl GR CAD. Both are passively managed. Over the past 10 years, FHH.TO returned 8.42%/yr vs 6.97%/yr for XHC.TO. At a 0.26 correlation, their price movements are largely independent.

Performance

FHH.TO vs. XHC.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 iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.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 higher than XHC.TO's 1.01% return. Over the past 10 years, FHH.TO has outperformed XHC.TO with an annualized return of 8.42%, while XHC.TO has yielded a comparatively lower 6.97% 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%

XHC.TO

1D
0.20%
1M
3.31%
6M
-1.86%
YTD
1.01%
1Y
15.91%
3Y*
5.39%
5Y*
3.17%
10Y*
6.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
XHC.TO
iShares Global Healthcare Index ETF (CAD-Hedged)		1.01%10.91%1.22%2.14%-3.57%17.32%8.71%22.47%2.20%16.83%

Correlation

The correlation between FHH.TO and XHC.TO is 0.03, 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

0.03

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

0.08

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

0.19

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Oct 30, 2014

0.26

Over the past year, the correlation between FHH.TO and XHC.TO has dropped to 0.03 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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

iShares Global Healthcare Index ETF (CAD-Hedged)

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Return for Risk

FHH.TO vs. XHC.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
XHC.TO
XHC.TO Risk / Return Rank: 3434
Overall Rank
XHC.TO Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
XHC.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
XHC.TO Omega Ratio Rank: 3333
Omega Ratio Rank
XHC.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
XHC.TO Martin Ratio Rank: 3030
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. XHC.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 iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.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.TOXHC.TODifference
Sharpe ratioReturn per unit of total volatility
1.40
1.04

+0.37

Sortino ratioReturn per unit of downside risk
2.09
1.66

+0.44

Omega ratioGain probability vs. loss probability

1.25

1.19

+0.06

Calmar ratioReturn relative to maximum drawdown

1.80

1.48

+0.32

Martin ratioReturn relative to average drawdown

4.88

3.51

+1.37

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

The current FHH.TO Sharpe Ratio is 1.40, which is higher than the XHC.TO Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of FHH.TO and XHC.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. XHC.TO - Drawdown Comparison

The maximum FHH.TO drawdown since its inception was -25.83%, smaller than the maximum XHC.TO drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for FHH.TO and XHC.TO.

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Drawdown Indicators

FHH.TOXHC.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.83%

-27.28%

+1.45%

Max Drawdown (1Y)

Largest decline over 1 year

-12.91%

-10.79%

-2.12%

Max Drawdown (3Y)

Largest decline over 3 years

-20.20%

-18.81%

-1.39%

Max Drawdown (5Y)

Largest decline over 5 years

-21.86%

-18.81%

-3.05%

Max Drawdown (10Y)

Largest decline over 10 years

-23.58%

-27.28%

+3.70%

Current Drawdown

Current decline from peak

-4.65%

-4.42%

-0.23%

Average Drawdown

Average peak-to-trough decline

-8.37%

-5.16%

-3.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.76%

4.54%

+0.22%

Volatility

FHH.TO vs. XHC.TO - Volatility Comparison

The current volatility for First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) is 5.58%, while iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO) has a volatility of 5.89%. This indicates that FHH.TO experiences smaller price fluctuations and is considered to be less risky than XHC.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.TOXHC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.58%

5.89%

-0.31%

Volatility (6M)

Calculated over the trailing 6-month period

11.85%

11.71%

+0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

16.59%

15.49%

+1.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.99%

14.22%

+1.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.71%

15.85%

+0.86%

Dividends

FHH.TO vs. XHC.TO - Dividend Comparison

FHH.TO's dividend yield for the trailing twelve months is around 0.59%, less than XHC.TO's 1.91% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XHC.TO
iShares Global Healthcare Index ETF (CAD-Hedged)		1.91%1.87%4.42%2.38%0.84%0.80%0.97%1.07%1.68%1.14%1.63%2.14%

Frequently Asked Questions

FHH.TO and XHC.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FHH.TO tracks StrataQuant Health Care Index, while XHC.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: First Trust and iShares.

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