HHL.TO vs. TDOC.TO
HHL.TO (Harvest Healthcare Leaders Income ETF) and TDOC.TO (TD Global Healthcare Leaders Index ETF) are both Health & Biotech Equities funds. Both are actively managed. Over the past 5 years, HHL.TO returned 5.76%/yr vs 5.24%/yr for TDOC.TO. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
HHL.TO vs. TDOC.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 TDOC.TO's 1.29% 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%
TDOC.TO
- 1D
- -0.60%
- 1M
- 4.94%
- 6M
- -1.86%
- YTD
- 1.29%
- 1Y
- 13.29%
- 3Y*
- 7.08%
- 5Y*
- 5.24%
- 10Y*
- —
HHL.TO vs. TDOC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HHL.TO Harvest Healthcare Leaders Income ETF | -2.24% | 10.47% | 3.87% | 6.74% | 1.28% | 18.47% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.29% | 8.36% | 10.24% | 1.71% | -1.37% | 15.59% |
Correlation
The correlation between HHL.TO and TDOC.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.77 |
The correlation between HHL.TO and TDOC.TO has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
HHL.TO vs. TDOC.TO — Risk / Return Rank
HHL.TO
TDOC.TO
HHL.TO vs. TDOC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Healthcare Leaders Income ETF (HHL.TO) and TD Global Healthcare Leaders Index ETF (TDOC.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 | TDOC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.13 | -0.23 |
| Martin ratioReturn relative to average drawdown | 2.02 | 2.69 | -0.67 |
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Drawdowns
HHL.TO vs. TDOC.TO - Drawdown Comparison
The maximum HHL.TO drawdown since its inception was -26.70%, which is greater than TDOC.TO's maximum drawdown of -17.52%. Use the drawdown chart below to compare losses from any high point for HHL.TO and TDOC.TO.
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Drawdown Indicators
| HHL.TO | TDOC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.70% | -17.52% | -9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -11.77% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -12.66% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -17.52% | +1.51% |
Max Drawdown (10Y)Largest decline over 10 years | -26.70% | — | — |
Current DrawdownCurrent decline from peak | -5.43% | -3.93% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -4.82% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 4.95% | +0.81% |
Volatility
HHL.TO vs. TDOC.TO - Volatility Comparison
Harvest Healthcare Leaders Income ETF (HHL.TO) has a higher volatility of 5.75% compared to TD Global Healthcare Leaders Index ETF (TDOC.TO) at 5.23%. This indicates that HHL.TO's price experiences larger fluctuations and is considered to be riskier than TDOC.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.TO | TDOC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 5.23% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 10.81% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 14.26% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 13.08% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 12.94% | +2.90% |
Dividends
HHL.TO vs. TDOC.TO - Dividend Comparison
HHL.TO's dividend yield for the trailing twelve months is around 10.07%, more than TDOC.TO's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.18% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HHL.TO and TDOC.TO have a correlation of 0.83, 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 TD.
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