HGR.TO vs. HHL.TO

Last updated Jun 4, 2026

HGR.TO (Harvest Global REIT Leaders Income ETF) and HHL.TO (Harvest Healthcare Leaders Income ETF) are both exchange-traded funds - HGR.TO is a REIT fund actively managed by Harvest, while HHL.TO is a Health & Biotech Equities fund actively managed by Harvest. Both are actively managed. Over the past 5 years, HGR.TO returned -2.51%/yr vs 5.39%/yr for HHL.TO. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.85% expense ratio.

Performance

HGR.TO vs. HHL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Global REIT Leaders Income ETF (HGR.TO) and Harvest Healthcare Leaders Income ETF (HHL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGR.TO achieves a 5.14% return, which is significantly higher than HHL.TO's -8.20% return.

HGR.TO

• 1D: -0.56%
• 1M: 0.28%
• YTD: 5.14%
• 6M: 4.47%
• 1Y: 1.96%
• 3Y*: 4.60%
• 5Y*: -2.51%
• 10Y*: —

HHL.TO

• 1D: 1.04%
• 1M: 0.43%
• YTD: -8.20%
• 6M: -8.09%
• 1Y: 4.65%
• 3Y*: 3.74%
• 5Y*: 5.39%
• 10Y*: 6.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HGR.TO vs. HHL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HGR.TO Harvest Global REIT Leaders Income ETF	5.14%	-0.91%	2.46%	4.01%	-31.59%	24.87%	-8.27%	22.05%	-5.71%	3.95%
HHL.TO Harvest Healthcare Leaders Income ETF	-8.20%	10.47%	3.87%	6.74%	1.28%	23.97%	5.28%	14.05%	2.14%	-0.35%

Correlation

The correlation between HGR.TO and HHL.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jul 4, 2017	0.37

HGR.TO vs. HHL.TO - Sectors Allocation Comparison

Sectors	HGR.TO	HHL.TO
Real Estate	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	100.0%
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HGR.TO vs. HHL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HGR.TO

HGR.TO Risk / Return Rank: 11
HGR.TO Sharpe Ratio Rank: 11
HGR.TO Sortino Ratio Rank: 10
HGR.TO Omega Ratio Rank: 10
HGR.TO Calmar Ratio Rank: 12
HGR.TO Martin Ratio Rank: 12

HHL.TO

HHL.TO Risk / Return Rank: 13
HHL.TO Sharpe Ratio Rank: 13
HHL.TO Sortino Ratio Rank: 13
HHL.TO Omega Ratio Rank: 13
HHL.TO Calmar Ratio Rank: 13
HHL.TO Martin Ratio Rank: 13

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.

HGR.TO vs. HHL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Global REIT Leaders Income ETF (HGR.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.

	HGR.TO	HHL.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.15	0.32	-0.18
Sortino ratio: Return per unit of downside risk	0.31	0.58	-0.27
Omega ratio: Gain probability vs. loss probability	1.04	1.07	-0.03
Calmar ratio: Return relative to maximum drawdown	0.24	0.36	-0.12
Martin ratio: Return relative to average drawdown	0.60	0.90	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HGR.TO vs. HHL.TO - Sharpe Ratio Comparison

The current HGR.TO Sharpe Ratio is 0.15, which is lower than the HHL.TO Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of HGR.TO and HHL.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.

Sharpe Ratios by Period

	HGR.TO	HHL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	0.32	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.38	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.33	-0.31

Drawdowns

HGR.TO vs. HHL.TO - Drawdown Comparison

The maximum HGR.TO drawdown since its inception was -41.33%, which is greater than HHL.TO's maximum drawdown of -26.70%. Use the drawdown chart below to compare losses from any high point for HGR.TO and HHL.TO.

Drawdown Indicators

	HGR.TO	HHL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-41.33%	-26.70%	-14.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.05%	-12.88%	+4.83%
Max Drawdown (3Y) Largest decline over 3 years	-16.37%	-16.01%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-41.33%	-16.01%	-25.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.70%	—
Current Drawdown Current decline from peak	-24.33%	-11.20%	-13.13%
Average Drawdown Average peak-to-trough decline	-16.82%	-6.23%	-10.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	5.18%	-1.92%

Volatility

HGR.TO vs. HHL.TO - Volatility Comparison

The current volatility for Harvest Global REIT Leaders Income ETF (HGR.TO) is 3.85%, while Harvest Healthcare Leaders Income ETF (HHL.TO) has a volatility of 5.49%. This indicates that HGR.TO experiences smaller price fluctuations and is considered to be less risky than HHL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGR.TO	HHL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	5.49%	-1.64%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	10.11%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	13.43%	14.40%	-0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	14.11%	+2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.31%	15.79%	+2.52%

HGR.TO vs. HHL.TO - Expense Ratio Comparison

Both HGR.TO and HHL.TO have an expense ratio of 0.85%.

Dividends

HGR.TO vs. HHL.TO - Dividend Comparison

HGR.TO's dividend yield for the trailing twelve months is around 10.27%, less than HHL.TO's 10.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HGR.TO Harvest Global REIT Leaders Income ETF	10.27%	10.35%	9.32%	8.72%	8.30%	5.28%	6.22%	5.36%	6.19%	2.75%	0.00%	0.00%
HHL.TO Harvest Healthcare Leaders Income ETF	10.64%	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

Can I hold both HGR.TO and HHL.TO in my portfolio?

HGR.TO and HHL.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HGR.TO or HHL.TO?

Both ETFs have the same 0.85% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HGR.TO or HHL.TO?

HGR.TO and HHL.TO have the same expense ratio: 0.85% per year.

What is the main difference between HGR.TO and HHL.TO?

HGR.TO is categorized as REIT, while HHL.TO is Health & Biotech Equities.