LIFE.TO vs. HHLE.TO
LIFE.TO (Evolve Global Healthcare Enhanced Yield Fund) and HHLE.TO (Harvest Healthcare Leaders Enhanced Income ETF - Class A Units) are both Health & Biotech Equities funds. LIFE.TO is passively managed, while HHLE.TO is actively managed. Over the past 3 years, LIFE.TO returned 4.92%/yr vs 4.93%/yr for HHLE.TO. Their correlation of 0.87 suggests significant overlap in exposure. LIFE.TO charges 0.65%/yr vs 0.85%/yr for HHLE.TO.
Performance
LIFE.TO vs. HHLE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LIFE.TO achieves a -1.74% return, which is significantly higher than HHLE.TO's -2.69% return.
LIFE.TO
- 1D
- 0.68%
- 1M
- 3.88%
- 6M
- -3.69%
- YTD
- -1.74%
- 1Y
- 6.84%
- 3Y*
- 4.92%
- 5Y*
- 4.41%
- 10Y*
- —
- ALL TIME*
- 7.58%
HHLE.TO
- 1D
- 0.71%
- 1M
- 5.09%
- 6M
- -3.73%
- YTD
- -2.69%
- 1Y
- 11.55%
- 3Y*
- 4.93%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$826.42K | CA$722.08K | CA$752.22K | |
| CA$360.47K | CA$315.51K | CA$445.64K |
LIFE.TO vs. HHLE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund | -1.74% | 12.76% | 2.20% | 4.15% | 7.71% |
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units | -2.69% | 11.91% | 3.32% | 7.18% | 6.08% |
Correlation
The correlation between LIFE.TO and HHLE.TO is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.87 |
The correlation between LIFE.TO and HHLE.TO has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
LIFE.TO vs. HHLE.TO — Risk / Return Rank
LIFE.TO
HHLE.TO
LIFE.TO vs. HHLE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) and Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.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.
| LIFE.TO | HHLE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.71 | -0.19 |
| Martin ratioReturn relative to average drawdown | 1.20 | 1.57 | -0.37 |
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Drawdowns
LIFE.TO vs. HHLE.TO - Drawdown Comparison
The maximum LIFE.TO drawdown since its inception was -20.04%, roughly equal to the maximum HHLE.TO drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for LIFE.TO and HHLE.TO.
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Drawdown Indicators
| LIFE.TO | HHLE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.04% | -20.52% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -16.30% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | -20.52% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | — | — |
Current DrawdownCurrent decline from peak | -4.67% | -6.91% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -6.64% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 7.39% | -1.66% |
Volatility
LIFE.TO vs. HHLE.TO - Volatility Comparison
The current volatility for Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) is 5.46%, while Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.TO) has a volatility of 7.18%. This indicates that LIFE.TO experiences smaller price fluctuations and is considered to be less risky than HHLE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIFE.TO | HHLE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 7.18% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 15.09% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 19.57% | -4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 16.92% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 16.92% | -1.91% |
LIFE.TO vs. HHLE.TO - Expense Ratio Comparison
LIFE.TO has a 0.65% expense ratio, which is lower than HHLE.TO's 0.85% expense ratio.
Dividends
LIFE.TO vs. HHLE.TO - Dividend Comparison
LIFE.TO's dividend yield for the trailing twelve months is around 12.82%, less than HHLE.TO's 13.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units | 13.25% | 12.06% | 11.80% | 10.85% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% |
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund | 12.82% | 11.83% | 10.90% | 9.24% | 8.20% | 6.46% | 7.09% | 6.33% | 4.84% |
Frequently Asked Questions
LIFE.TO and HHLE.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LIFE.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LIFE.TO is cheaper with a 0.65% expense ratio, compared with 0.85% for HHLE.TO.
They also come from different issuers: Evolve Funds Group Inc. and Harvest. Their fees differ too: 0.65% for LIFE.TO and 0.85% for HHLE.TO.
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