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HHL.TO vs. XHC.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HHL.TO vs. XHC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Healthcare Leaders Income ETF (HHL.TO) and iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO).

HHL.TO and XHC.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. XHC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Apr 12, 2011.

Performance

HHL.TO vs. XHC.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 iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
HHL.TO
Harvest Healthcare Leaders Income ETF		-7.66%10.47%3.87%6.74%1.28%23.97%5.28%14.05%2.14%13.62%
XHC.TO
iShares Global Healthcare Index ETF (CAD-Hedged)		-4.13%10.91%1.22%2.14%-3.56%21.32%8.71%22.47%2.20%16.84%

Returns By Period

In the year-to-date period, HHL.TO achieves a -7.66% return, which is significantly lower than XHC.TO's -4.13% return. Both investments have delivered pretty close results over the past 10 years, with HHL.TO having a 7.30% annualized return and XHC.TO not far ahead at 7.62%.

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%

XHC.TO

1D
2.00%
1M
-7.56%
YTD
-4.13%
6M
5.87%
1Y
1.51%
3Y*
3.80%
5Y*
4.70%
10Y*
7.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Harvest Healthcare Leaders Income ETF

iShares Global Healthcare Index ETF (CAD-Hedged)

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Often compared with XHC.TO:
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HHL.TO vs. XHC.TO - Expense Ratio Comparison

HHL.TO has a 0.85% expense ratio, which is higher than XHC.TO's 0.66% expense ratio.

HHL.TO
Harvest Healthcare Leaders Income ETF
XHC.TO
iShares Global Healthcare Index ETF (CAD-Hedged)

Return for Risk

HHL.TO vs. XHC.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: 88
Overall Rank
HHL.TO Sharpe Ratio Rank: 88
Sharpe Ratio Rank
HHL.TO Sortino Ratio Rank: 88
Sortino Ratio Rank
HHL.TO Omega Ratio Rank: 88
Omega Ratio Rank
HHL.TO Calmar Ratio Rank: 88
Calmar Ratio Rank
HHL.TO Martin Ratio Rank: 88
Martin Ratio Rank
XHC.TO
XHC.TO Risk / Return Rank: 1414
Overall Rank
XHC.TO Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
XHC.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
XHC.TO Omega Ratio Rank: 1414
Omega Ratio Rank
XHC.TO Calmar Ratio Rank: 1515
Calmar Ratio Rank
XHC.TO Martin Ratio Rank: 1515
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. XHC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Healthcare Leaders Income ETF (HHL.TO) and iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.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.TOXHC.TODifference

Sharpe ratio

Return per unit of total volatility

-0.19

0.09

-0.28

Sortino ratio

Return per unit of downside risk

-0.15

0.25

-0.39

Omega ratio

Gain probability vs. loss probability

0.98

1.03

-0.05

Calmar ratio

Return relative to maximum drawdown

-0.22

0.17

-0.38

Martin ratio

Return relative to average drawdown

-0.42

0.32

-0.74

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. XHC.TO - Sharpe Ratio Comparison

The current HHL.TO Sharpe Ratio is -0.19, which is lower than the XHC.TO Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of HHL.TO and XHC.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.TOXHC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.19

0.09

-0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.35

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.49

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.69

-0.35

Correlation

The correlation between HHL.TO and XHC.TO is 0.80, 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. XHC.TO - Dividend Comparison

HHL.TO's dividend yield for the trailing twelve months is around 10.30%, more than XHC.TO's 1.95% yield.

TTM20252024202320222021202020192018201720162015
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%
XHC.TO
iShares Global Healthcare Index ETF (CAD-Hedged)		1.95%1.87%4.42%2.38%0.84%0.79%0.96%1.07%1.68%1.14%1.63%2.15%

Drawdowns

HHL.TO vs. XHC.TO - Drawdown Comparison

The maximum HHL.TO drawdown since its inception was -26.70%, roughly equal to the maximum XHC.TO drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for HHL.TO and XHC.TO.

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Drawdown Indicators

HHL.TOXHC.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.70%

-27.28%

+0.58%

Max Drawdown (1Y)

Largest decline over 1 year

-10.87%

-9.85%

-1.02%

Max Drawdown (5Y)

Largest decline over 5 years

-16.01%

-18.81%

+2.80%

Max Drawdown (10Y)

Largest decline over 10 years

-26.70%

-27.28%

+0.58%

Current Drawdown

Current decline from peak

-10.68%

-8.30%

-2.38%

Average Drawdown

Average peak-to-trough decline

-6.17%

-4.80%

-1.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.57%

5.22%

+0.35%

Volatility

HHL.TO vs. XHC.TO - Volatility Comparison

The current volatility for Harvest Healthcare Leaders Income ETF (HHL.TO) is 3.96%, while iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO) has a volatility of 4.89%. This indicates that HHL.TO experiences smaller price fluctuations and is considered to be less risky than XHC.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.TOXHC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.96%

4.89%

-0.93%

Volatility (6M)

Calculated over the trailing 6-month period

9.59%

10.44%

-0.85%

Volatility (1Y)

Calculated over the trailing 1-year period

16.87%

17.41%

-0.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

13.69%

+0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.72%

15.72%

0.00%