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HHL.TO vs. GRT-UN.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HHL.TO vs. GRT-UN.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Harvest Healthcare Leaders Income ETF (HHL.TO) and Granite Real Estate Investment Trust (GRT-UN.TO).

HHL.TO is an actively managed fund by Harvest. It was launched on Mar 10, 2020.

Performance

HHL.TO vs. GRT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Healthcare Leaders Income ETF (HHL.TO) and Granite Real Estate Investment Trust (GRT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

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HHL.TO vs. GRT-UN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HHL.TO
Harvest Healthcare Leaders Income ETF		-5.39%10.47%3.87%6.74%1.28%23.97%5.28%14.05%2.14%13.62%
GRT-UN.TO
Granite Real Estate Investment Trust		3.89%22.79%-4.30%15.18%-31.89%40.45%23.02%29.65%14.45%16.24%

Returns By Period

In the year-to-date period, HHL.TO achieves a -5.39% return, which is significantly lower than GRT-UN.TO's 3.89% return. Over the past 10 years, HHL.TO has underperformed GRT-UN.TO with an annualized return of 7.56%, while GRT-UN.TO has yielded a comparatively higher 13.59% annualized return.

HHL.TO

1D
0.71%
1M
-5.58%
YTD
-5.39%
6M
0.09%
1Y
0.94%
3Y*
5.34%
5Y*
7.11%
10Y*
7.56%

GRT-UN.TO

1D
2.71%
1M
-6.84%
YTD
3.89%
6M
9.87%
1Y
32.17%
3Y*
4.75%
5Y*
6.25%
10Y*
13.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Harvest Healthcare Leaders Income ETF

Granite Real Estate Investment Trust

Often compared with HHL.TO:
HHL.TO vs. XLVHHL.TO vs. XHC.TOHHL.TO vs. CASH.TOHHL.TO vs. ZUH.TOHHL.TO vs. HHIS.TOHHL.TO vs. ZEB.TOHHL.TO vs. HUTE.TO
Often compared with GRT-UN.TO:
GRT-UN.TO vs. DIR-UN.TOGRT-UN.TO vs. CRT-UN.TOGRT-UN.TO vs. IIP-UN.TOGRT-UN.TO vs. KMP-UN.TOGRT-UN.TO vs. BEI-UN.TOGRT-UN.TO vs. NWH-UN.TOGRT-UN.TO vs. VGT

Return for Risk

HHL.TO vs. GRT-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HHL.TO
HHL.TO Risk / Return Rank: 1212
Overall Rank
HHL.TO Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
HHL.TO Sortino Ratio Rank: 1212
Sortino Ratio Rank
HHL.TO Omega Ratio Rank: 1212
Omega Ratio Rank
HHL.TO Calmar Ratio Rank: 1111
Calmar Ratio Rank
HHL.TO Martin Ratio Rank: 1111
Martin Ratio Rank
GRT-UN.TO
GRT-UN.TO Risk / Return Rank: 8080
Overall Rank
GRT-UN.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
GRT-UN.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
GRT-UN.TO Omega Ratio Rank: 7777
Omega Ratio Rank
GRT-UN.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
GRT-UN.TO Martin Ratio Rank: 8282
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.

HHL.TO vs. GRT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Healthcare Leaders Income ETF (HHL.TO) and Granite Real Estate Investment Trust (GRT-UN.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.

HHL.TOGRT-UN.TODifference

Sharpe ratio

Return per unit of total volatility

0.06

1.47

-1.41

Sortino ratio

Return per unit of downside risk

0.19

2.00

-1.81

Omega ratio

Gain probability vs. loss probability

1.03

1.27

-0.24

Calmar ratio

Return relative to maximum drawdown

-0.07

2.26

-2.33

Martin ratio

Return relative to average drawdown

-0.15

6.81

-6.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HHL.TO vs. GRT-UN.TO - Sharpe Ratio Comparison

The current HHL.TO Sharpe Ratio is 0.06, which is lower than the GRT-UN.TO Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of HHL.TO and GRT-UN.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HHL.TOGRT-UN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.06

1.47

-1.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.29

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.61

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.35

+0.01

Correlation

The correlation between HHL.TO and GRT-UN.TO is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HHL.TO vs. GRT-UN.TO - Dividend Comparison

HHL.TO's dividend yield for the trailing twelve months is around 10.14%, more than GRT-UN.TO's 4.10% yield.

TTM20252024202320222021202020192018201720162015
HHL.TO
Harvest Healthcare Leaders Income ETF		10.14%9.36%9.27%8.71%8.51%7.91%9.02%8.65%9.00%8.45%8.83%8.19%
GRT-UN.TO
Granite Real Estate Investment Trust		4.10%4.17%4.74%4.21%4.49%3.03%3.75%4.25%5.69%5.63%5.77%6.44%

Drawdowns

HHL.TO vs. GRT-UN.TO - Drawdown Comparison

The maximum HHL.TO drawdown since its inception was -26.70%, smaller than the maximum GRT-UN.TO drawdown of -87.70%. Use the drawdown chart below to compare losses from any high point for HHL.TO and GRT-UN.TO.

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Drawdown Indicators

HHL.TOGRT-UN.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.70%

-87.70%

+61.00%

Max Drawdown (1Y)

Largest decline over 1 year

-10.87%

-13.75%

+2.88%

Max Drawdown (5Y)

Largest decline over 5 years

-16.01%

-37.82%

+21.81%

Max Drawdown (10Y)

Largest decline over 10 years

-26.70%

-44.89%

+18.19%

Current Drawdown

Current decline from peak

-8.49%

-8.31%

-0.18%

Average Drawdown

Average peak-to-trough decline

-6.17%

-16.41%

+10.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.17%

4.56%

+0.61%

Volatility

HHL.TO vs. GRT-UN.TO - Volatility Comparison

The current volatility for Harvest Healthcare Leaders Income ETF (HHL.TO) is 4.50%, while Granite Real Estate Investment Trust (GRT-UN.TO) has a volatility of 7.45%. This indicates that HHL.TO experiences smaller price fluctuations and is considered to be less risky than GRT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HHL.TOGRT-UN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.50%

7.45%

-2.95%

Volatility (6M)

Calculated over the trailing 6-month period

9.54%

15.19%

-5.65%

Volatility (1Y)

Calculated over the trailing 1-year period

16.95%

22.04%

-5.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.86%

21.76%

-7.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.72%

22.40%

-6.68%