HHLE.TO vs. ZHU.TO
HHLE.TO (Harvest Healthcare Leaders Enhanced Income ETF - Class A Units) and ZHU.TO (BMO Equal Weight US Health Care Index ETF) are both Health & Biotech Equities funds. Over the past 3 years, HHLE.TO returned 4.94%/yr vs 5.56%/yr for ZHU.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
HHLE.TO vs. ZHU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HHLE.TO achieves a -4.99% return, which is significantly lower than ZHU.TO's 7.66% return.
HHLE.TO
- 1D
- -1.51%
- 1M
- 4.53%
- YTD
- -4.99%
- 6M
- -5.57%
- 1Y
- 9.81%
- 3Y*
- 4.94%
- 5Y*
- —
- 10Y*
- —
ZHU.TO
- 1D
- -0.60%
- 1M
- 9.89%
- YTD
- 7.66%
- 6M
- 7.98%
- 1Y
- 20.88%
- 3Y*
- 5.56%
- 5Y*
- 2.44%
- 10Y*
- —
HHLE.TO vs. ZHU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units | -4.99% | 11.91% | 3.32% | 7.18% | 6.08% |
ZHU.TO BMO Equal Weight US Health Care Index ETF | 7.66% | 3.43% | 5.43% | -1.57% | 9.02% |
Correlation
The correlation between HHLE.TO and ZHU.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.32 |
The correlation between HHLE.TO and ZHU.TO shifts across timeframes, from 0.17 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HHLE.TO vs. ZHU.TO — Risk / Return Rank
HHLE.TO
ZHU.TO
HHLE.TO vs. ZHU.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 BMO Equal Weight US Health Care Index ETF (ZHU.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 | ZHU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.22 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.91 | -1.31 |
| Martin ratioReturn relative to average drawdown | 1.37 | 4.19 | -2.83 |
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Drawdowns
HHLE.TO vs. ZHU.TO - Drawdown Comparison
The maximum HHLE.TO drawdown since its inception was -20.52%, smaller than the maximum ZHU.TO drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for HHLE.TO and ZHU.TO.
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Drawdown Indicators
| HHLE.TO | ZHU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -27.25% | +6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.30% | -10.95% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -20.52% | -21.51% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.25% | — |
Current DrawdownCurrent decline from peak | -9.11% | -0.60% | -8.51% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -8.83% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.19% | 4.99% | +2.20% |
Volatility
HHLE.TO vs. ZHU.TO - Volatility Comparison
Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.TO) has a higher volatility of 6.56% compared to BMO Equal Weight US Health Care Index ETF (ZHU.TO) at 6.01%. This indicates that HHLE.TO's price experiences larger fluctuations and is considered to be riskier than ZHU.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 | ZHU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 6.01% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 12.63% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 17.34% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 16.17% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 17.60% | -0.84% |
Dividends
HHLE.TO vs. ZHU.TO - Dividend Comparison
HHLE.TO's dividend yield for the trailing twelve months is around 13.57%, more than ZHU.TO's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units | 13.57% | 12.06% | 11.80% | 10.85% | 1.74% | 0.00% | 0.00% | 0.00% |
ZHU.TO BMO Equal Weight US Health Care Index ETF | 0.50% | 0.54% | 0.58% | 0.97% | 0.43% | 0.13% | 0.37% | 0.17% |
Frequently Asked Questions
HHLE.TO and ZHU.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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