HHLE.TO vs. FHH.TO
HHLE.TO (Harvest Healthcare Leaders Enhanced Income ETF - Class A Units) and FHH.TO (First Trust AlphaDEX U.S. Health Care Sector Index ETF) are both Health & Biotech Equities funds. HHLE.TO is actively managed, while FHH.TO is passively managed. Over the past 3 years, HHLE.TO returned 6.50%/yr vs 6.39%/yr for FHH.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
HHLE.TO vs. FHH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HHLE.TO achieves a -2.58% return, which is significantly lower than FHH.TO's 9.08% return.
HHLE.TO
- 1D
- 2.79%
- 1M
- 6.26%
- 6M
- -4.43%
- YTD
- -2.58%
- 1Y
- 13.13%
- 3Y*
- 6.50%
- 5Y*
- —
- 10Y*
- —
FHH.TO
- 1D
- -2.10%
- 1M
- 4.64%
- 6M
- 6.33%
- YTD
- 9.08%
- 1Y
- 25.19%
- 3Y*
- 6.39%
- 5Y*
- 4.14%
- 10Y*
- 8.42%
HHLE.TO vs. FHH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units | -2.58% | 11.91% | 3.32% | 7.18% | 6.08% |
FHH.TO First Trust AlphaDEX U.S. Health Care Sector Index ETF | 9.08% | 5.83% | 9.13% | -6.00% | 8.12% |
Correlation
The correlation between HHLE.TO and FHH.TO is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.09 |
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Return for Risk
HHLE.TO vs. FHH.TO — Risk / Return Rank
HHLE.TO
FHH.TO
HHLE.TO vs. FHH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.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.
| HHLE.TO | FHH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.80 | -0.99 |
| Martin ratioReturn relative to average drawdown | 1.80 | 4.88 | -3.08 |
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Drawdowns
HHLE.TO vs. FHH.TO - Drawdown Comparison
The maximum HHLE.TO drawdown since its inception was -20.52%, smaller than the maximum FHH.TO drawdown of -25.83%. Use the drawdown chart below to compare losses from any high point for HHLE.TO and FHH.TO.
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Drawdown Indicators
| HHLE.TO | FHH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -25.83% | +5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -16.30% | -12.91% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -20.52% | -20.20% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.58% | — |
Current DrawdownCurrent decline from peak | -6.80% | -4.65% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -8.37% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.30% | 4.76% | +2.54% |
Volatility
HHLE.TO vs. FHH.TO - Volatility Comparison
Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.TO) has a higher volatility of 7.33% compared to First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) at 5.58%. This indicates that HHLE.TO's price experiences larger fluctuations and is considered to be riskier than FHH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHLE.TO | FHH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 5.58% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 15.04% | 11.85% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.84% | 16.59% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 15.99% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 16.71% | +0.22% |
Dividends
HHLE.TO vs. FHH.TO - Dividend Comparison
HHLE.TO's dividend yield for the trailing twelve months is around 13.23%, more than FHH.TO's 0.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FHH.TO First Trust AlphaDEX U.S. Health Care Sector Index ETF | 0.59% | 0.12% | 0.22% | 0.23% | 0.39% | 5.28% |
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units | 13.23% | 12.06% | 11.80% | 10.85% | 1.74% | 0.00% |
Frequently Asked Questions
HHLE.TO and FHH.TO have a correlation of 0.00, 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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