HHL.TO vs. FHH.TO
HHL.TO (Harvest Healthcare Leaders Income ETF) and FHH.TO (First Trust AlphaDEX U.S. Health Care Sector Index ETF) are both Health & Biotech Equities funds. HHL.TO is actively managed, while FHH.TO is passively managed. Over the past 10 years, HHL.TO returned 6.61%/yr vs 8.51%/yr for FHH.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
HHL.TO vs. FHH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HHL.TO achieves a -2.24% return, which is significantly lower than FHH.TO's 9.98% return. Over the past 10 years, HHL.TO has underperformed FHH.TO with an annualized return of 6.61%, while FHH.TO has yielded a comparatively higher 8.51% annualized return.
HHL.TO
- 1D
- -0.83%
- 1M
- 5.41%
- 6M
- -3.12%
- YTD
- -2.24%
- 1Y
- 11.62%
- 3Y*
- 5.77%
- 5Y*
- 5.76%
- 10Y*
- 6.61%
FHH.TO
- 1D
- 0.50%
- 1M
- 5.38%
- 6M
- 6.69%
- YTD
- 9.98%
- 1Y
- 25.65%
- 3Y*
- 7.35%
- 5Y*
- 4.31%
- 10Y*
- 8.51%
HHL.TO vs. FHH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HHL.TO Harvest Healthcare Leaders Income ETF | -2.24% | 10.47% | 3.87% | 6.74% | 1.28% | 23.97% | 5.28% | 14.05% | 2.14% | 13.62% |
FHH.TO First Trust AlphaDEX U.S. Health Care Sector Index ETF | 9.98% | 5.83% | 9.13% | -6.00% | -8.34% | 22.83% | 23.20% | 16.76% | 4.25% | 12.14% |
Correlation
The correlation between HHL.TO and FHH.TO is 0.02, 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 | 0.02 |
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 HHL.TO and FHH.TO shifts across timeframes, from 0.02 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HHL.TO vs. FHH.TO — Risk / Return Rank
HHL.TO
FHH.TO
HHL.TO vs. FHH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Healthcare Leaders Income ETF (HHL.TO) and First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.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.
| HHL.TO | FHH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.00 | -1.09 |
| Martin ratioReturn relative to average drawdown | 2.02 | 5.39 | -3.37 |
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Drawdowns
HHL.TO vs. FHH.TO - Drawdown Comparison
The maximum HHL.TO drawdown since its inception was -26.70%, roughly equal to the maximum FHH.TO drawdown of -25.83%. Use the drawdown chart below to compare losses from any high point for HHL.TO and FHH.TO.
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Drawdown Indicators
| HHL.TO | FHH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.70% | -25.83% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -12.91% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -20.20% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -21.86% | +5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -26.70% | -23.58% | -3.12% |
Current DrawdownCurrent decline from peak | -5.43% | -3.87% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -8.37% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 4.77% | +0.99% |
Volatility
HHL.TO vs. FHH.TO - Volatility Comparison
Harvest Healthcare Leaders Income ETF (HHL.TO) and First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) have volatilities of 5.75% and 5.57%, 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
| HHL.TO | FHH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 5.57% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 11.84% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 16.51% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 15.96% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 16.71% | -0.87% |
Dividends
HHL.TO vs. FHH.TO - Dividend Comparison
HHL.TO's dividend yield for the trailing twelve months is around 10.07%, more than FHH.TO's 0.58% 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 | 0.58% | 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 | 10.07% | 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
HHL.TO and FHH.TO have a correlation of 0.02, 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: Harvest and First Trust.
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