HHL.TO vs. HHLE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Healthcare Leaders Income ETF (HHL.TO) and Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.TO).

HHL.TO and HHLE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HHL.TO is an actively managed fund by Harvest. It was launched on Mar 10, 2020. HHLE.TO is an actively managed fund by Harvest. It was launched on Oct 20, 2022.

Performance

HHL.TO vs. HHLE.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 Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
HHL.TO Harvest Healthcare Leaders Income ETF	-7.66%	10.47%	3.87%	6.74%	5.24%
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units	-9.04%	11.85%	3.28%	7.14%	5.96%

Returns By Period

In the year-to-date period, HHL.TO achieves a -7.66% return, which is significantly higher than HHLE.TO's -9.04% return.

HHL.TO

• 1D: 0.00%
• 1M: -9.10%
• YTD: -7.66%
• 6M: 0.95%
• 1Y: -3.16%
• 3Y*: 4.50%
• 5Y*: 6.59%
• 10Y*: 7.30%

HHLE.TO

• 1D: 0.98%
• 1M: -10.39%
• YTD: -9.04%
• 6M: 1.48%
• 1Y: -4.53%
• 3Y*: 4.43%
• 5Y*: —
• 10Y*: —

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

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

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

HHL.TO

Harvest Healthcare Leaders Income ETF

HHLE.TO

Harvest Healthcare Leaders Enhanced Income ETF - Class A Units

Return for Risk

HHL.TO vs. HHLE.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: 8
HHL.TO Sharpe Ratio Rank: 8
HHL.TO Sortino Ratio Rank: 8
HHL.TO Omega Ratio Rank: 8
HHL.TO Calmar Ratio Rank: 8
HHL.TO Martin Ratio Rank: 8

HHLE.TO

HHLE.TO Risk / Return Rank: 8
HHLE.TO Sharpe Ratio Rank: 8
HHLE.TO Sortino Ratio Rank: 7
HHLE.TO Omega Ratio Rank: 7
HHLE.TO Calmar Ratio Rank: 8
HHLE.TO Martin Ratio Rank: 8

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. HHLE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Healthcare Leaders Income ETF (HHL.TO) and Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.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.TO	HHLE.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.19	-0.21	+0.03
Sortino ratio Return per unit of downside risk	-0.15	-0.15	+0.01
Omega ratio Gain probability vs. loss probability	0.98	0.98	0.00
Calmar ratio Return relative to maximum drawdown	-0.22	-0.27	+0.06
Martin ratio Return relative to average drawdown	-0.42	-0.51	+0.09
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. HHLE.TO - Sharpe Ratio Comparison

The current HHL.TO Sharpe Ratio is -0.19, which is comparable to the HHLE.TO Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of HHL.TO and HHLE.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.

Sharpe Ratios by Period

	HHL.TO	HHLE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	-0.21	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.33	+0.02

Correlation

The correlation between HHL.TO and HHLE.TO is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HHL.TO vs. HHLE.TO - Dividend Comparison

HHL.TO's dividend yield for the trailing twelve months is around 10.30%, less than HHLE.TO's 12.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HHL.TO Harvest Healthcare Leaders Income ETF	10.30%	9.36%	9.27%	8.71%	8.51%	7.91%	9.02%	8.65%	9.00%	8.45%	8.83%	8.19%
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units	12.36%	12.01%	11.76%	10.81%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HHL.TO vs. HHLE.TO - Drawdown Comparison

The maximum HHL.TO drawdown since its inception was -26.70%, which is greater than HHLE.TO's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for HHL.TO and HHLE.TO.

Drawdown Indicators

	HHL.TO	HHLE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.70%	-20.60%	-6.10%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	-13.62%	+2.75%
Max Drawdown (5Y) Largest decline over 5 years	-16.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.70%	—	—
Current Drawdown Current decline from peak	-10.68%	-13.04%	+2.36%
Average Drawdown Average peak-to-trough decline	-6.17%	-6.23%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	7.29%	-1.72%

Volatility

HHL.TO vs. HHLE.TO - Volatility Comparison

The current volatility for Harvest Healthcare Leaders Income ETF (HHL.TO) is 3.96%, while Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.TO) has a volatility of 5.48%. This indicates that HHL.TO experiences smaller price fluctuations and is considered to be less risky than HHLE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HHL.TO	HHLE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	5.48%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	12.51%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	21.24%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	16.22%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.72%	16.22%	-0.50%