LIFE.TO vs. TDOC.TO
LIFE.TO (Evolve Global Healthcare Enhanced Yield Fund) and TDOC.TO (TD Global Healthcare Leaders Index ETF) are both Health & Biotech Equities funds. LIFE.TO is passively managed, while TDOC.TO is actively managed. Over the past 5 years, LIFE.TO returned 4.41%/yr vs 4.93%/yr for TDOC.TO. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
LIFE.TO vs. TDOC.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 lower than TDOC.TO's 1.59% 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%
TDOC.TO
- 1D
- 0.91%
- 1M
- 2.76%
- 6M
- -0.68%
- YTD
- 1.59%
- 1Y
- 11.18%
- 3Y*
- 6.77%
- 5Y*
- 4.93%
- 10Y*
- —
- ALL TIME*
- 6.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$360.47K | CA$315.51K | CA$445.64K | |
| CA$102.54K | CA$194.28K | CA$206.45K |
LIFE.TO vs. TDOC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund | -1.74% | 12.76% | 2.20% | 4.15% | 0.41% | 16.93% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.59% | 8.36% | 10.24% | 1.71% | -1.37% | 15.59% |
Correlation
The correlation between LIFE.TO and TDOC.TO is 0.82, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.77 |
The correlation between LIFE.TO and TDOC.TO has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
LIFE.TO vs. TDOC.TO — Risk / Return Rank
LIFE.TO
TDOC.TO
LIFE.TO vs. TDOC.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 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.
| LIFE.TO | TDOC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.15 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.95 | -0.44 |
| Martin ratioReturn relative to average drawdown | 1.20 | 2.25 | -1.05 |
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Drawdowns
LIFE.TO vs. TDOC.TO - Drawdown Comparison
The maximum LIFE.TO drawdown since its inception was -20.04%, 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 LIFE.TO and TDOC.TO.
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Drawdown Indicators
| LIFE.TO | TDOC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.04% | -17.52% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -11.77% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | -12.66% | -3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -17.52% | +1.19% |
Current DrawdownCurrent decline from peak | -4.67% | -3.64% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.82% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 4.99% | +0.74% |
Volatility
LIFE.TO vs. TDOC.TO - Volatility Comparison
Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) has a higher volatility of 5.46% compared to TD Global Healthcare Leaders Index ETF (TDOC.TO) at 5.20%. This indicates that LIFE.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
| LIFE.TO | TDOC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 5.20% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 10.72% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 14.11% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 13.07% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 12.93% | +2.08% |
Dividends
LIFE.TO vs. TDOC.TO - Dividend Comparison
LIFE.TO's dividend yield for the trailing twelve months is around 12.82%, more than TDOC.TO's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.18% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LIFE.TO and TDOC.TO have a correlation of 0.82, 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: Evolve Funds Group Inc. and TD.
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