FHH.TO vs. ZHU.TO
FHH.TO (First Trust AlphaDEX U.S. Health Care Sector Index ETF) and ZHU.TO (BMO Equal Weight US Health Care Index ETF) are both Health & Biotech Equities funds. Over the past 5 years, FHH.TO returned 4.14%/yr vs 1.91%/yr for ZHU.TO. At a 0.49 correlation, their price movements are largely independent.
Performance
FHH.TO vs. ZHU.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 ZHU.TO's 7.61% 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%
ZHU.TO
- 1D
- -1.97%
- 1M
- 6.46%
- 6M
- 4.51%
- YTD
- 7.61%
- 1Y
- 20.80%
- 3Y*
- 5.46%
- 5Y*
- 1.91%
- 10Y*
- —
FHH.TO vs. ZHU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 9.06% |
ZHU.TO BMO Equal Weight US Health Care Index ETF | 7.61% | 3.43% | 5.43% | -1.57% | -9.75% | 16.84% | 17.53% | 13.77% |
Correlation
The correlation between FHH.TO and ZHU.TO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.49 |
The correlation between FHH.TO and ZHU.TO shifts across timeframes, from 0.49 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FHH.TO vs. ZHU.TO — Risk / Return Rank
FHH.TO
ZHU.TO
FHH.TO vs. ZHU.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 BMO Equal Weight US Health Care Index ETF (ZHU.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 | ZHU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.91 | -0.11 |
| Martin ratioReturn relative to average drawdown | 4.88 | 4.20 | +0.68 |
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Drawdowns
FHH.TO vs. ZHU.TO - Drawdown Comparison
The maximum FHH.TO drawdown since its inception was -25.83%, smaller than the maximum ZHU.TO drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for FHH.TO and ZHU.TO.
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Drawdown Indicators
| FHH.TO | ZHU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.83% | -27.25% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -10.95% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -21.51% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -21.86% | -27.25% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -23.58% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -4.08% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -8.79% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 4.97% | -0.21% |
Volatility
FHH.TO vs. ZHU.TO - Volatility Comparison
First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) and BMO Equal Weight US Health Care Index ETF (ZHU.TO) have volatilities of 5.58% and 5.62%, 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 | ZHU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 5.62% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 12.83% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 17.64% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 16.26% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 17.61% | -0.90% |
Dividends
FHH.TO vs. ZHU.TO - Dividend Comparison
FHH.TO's dividend yield for the trailing twelve months is around 0.59%, more than ZHU.TO's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
ZHU.TO BMO Equal Weight US Health Care Index ETF | 0.50% | 0.54% | 0.58% | 0.97% | 0.43% | 0.13% | 0.37% | 0.17% |
Frequently Asked Questions
FHH.TO and ZHU.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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