HHLE.TO vs. TDOC.TO
HHLE.TO (Harvest Healthcare Leaders Enhanced Income ETF - Class A Units) and TDOC.TO (TD Global Healthcare Leaders Index ETF) are both Health & Biotech Equities funds. Both are actively managed. Over the past 3 years, HHLE.TO returned 6.50%/yr vs 7.42%/yr for TDOC.TO. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
HHLE.TO vs. TDOC.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 TDOC.TO's 1.90% return.
HHLE.TO
- 1D
- 2.79%
- 1M
- 6.26%
- 6M
- -4.43%
- YTD
- -2.58%
- 1Y
- 13.13%
- 3Y*
- 6.50%
- 5Y*
- —
- 10Y*
- —
TDOC.TO
- 1D
- 1.32%
- 1M
- 5.07%
- 6M
- -1.74%
- YTD
- 1.90%
- 1Y
- 13.79%
- 3Y*
- 7.42%
- 5Y*
- 5.37%
- 10Y*
- —
HHLE.TO vs. TDOC.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% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.90% | 8.36% | 10.24% | 1.71% | 7.30% |
Correlation
The correlation between HHLE.TO and TDOC.TO is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.79 |
The correlation between HHLE.TO and TDOC.TO has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
HHLE.TO vs. TDOC.TO — Risk / Return Rank
HHLE.TO
TDOC.TO
HHLE.TO vs. TDOC.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 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.
| HHLE.TO | TDOC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.18 | -0.37 |
| Martin ratioReturn relative to average drawdown | 1.80 | 2.79 | -0.99 |
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Drawdowns
HHLE.TO vs. TDOC.TO - Drawdown Comparison
The maximum HHLE.TO drawdown since its inception was -20.52%, 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 HHLE.TO and TDOC.TO.
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Drawdown Indicators
| HHLE.TO | TDOC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -17.52% | -3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -16.30% | -11.77% | -4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -20.52% | -12.66% | -7.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.52% | — |
Current DrawdownCurrent decline from peak | -6.80% | -3.35% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -4.82% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.30% | 4.95% | +2.35% |
Volatility
HHLE.TO vs. TDOC.TO - Volatility Comparison
Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.TO) has a higher volatility of 7.33% compared to TD Global Healthcare Leaders Index ETF (TDOC.TO) at 5.21%. This indicates that HHLE.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
| HHLE.TO | TDOC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 5.21% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.04% | 10.81% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.84% | 14.25% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 13.08% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 12.94% | +3.99% |
Dividends
HHLE.TO vs. TDOC.TO - Dividend Comparison
HHLE.TO's dividend yield for the trailing twelve months is around 13.23%, more than TDOC.TO's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units | 13.23% | 12.06% | 11.80% | 10.85% | 1.74% | 0.00% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.17% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% |
Frequently Asked Questions
HHLE.TO and TDOC.TO have a correlation of 0.84, 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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