LIFE.TO vs. XLV

Last updated Jun 4, 2026

LIFE.TO (Evolve Global Healthcare Enhanced Yield Fund) and XLV (State Street Health Care Select Sector SPDR ETF) are both exchange-traded funds - LIFE.TO is a fund fund, while XLV is a Health & Biotech Equities fund tracking the Health Care Select Sector Index. Over the past 5 years, LIFE.TO returned 4.43%/yr vs 8.56%/yr for XLV. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

LIFE.TO vs. XLV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) and State Street Health Care Select Sector SPDR ETF (XLV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LIFE.TO is traded in CAD, while XLV is traded in USD. To make them comparable, the XLV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LIFE.TO achieves a -9.18% return, which is significantly lower than XLV's -3.07% return.

LIFE.TO

• 1D: 0.61%
• 1M: 0.09%
• YTD: -9.18%
• 6M: -9.83%
• 1Y: 1.72%
• 3Y*: 2.72%
• 5Y*: 4.43%
• 10Y*: —

XLV

• 1D: 1.20%
• 1M: 3.98%
• YTD: -3.07%
• 6M: -4.43%
• 1Y: 14.35%
• 3Y*: 7.21%
• 5Y*: 8.56%
• 10Y*: 9.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LIFE.TO vs. XLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund	-9.18%	12.76%	2.20%	4.15%	0.41%	19.76%	7.65%	25.02%	-4.95%
XLV State Street Health Care Select Sector SPDR ETF	-3.07%	9.25%	11.28%	-0.18%	4.90%	24.90%	11.38%	14.53%	11.96%

Correlation

The correlation between LIFE.TO and XLV is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 10, 2018	0.68

The correlation between LIFE.TO and XLV shifts across timeframes, from 0.68 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

LIFE.TO vs. XLV - Sectors Allocation Comparison

Sectors	LIFE.TO	XLV
Healthcare	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

LIFE.TO vs. XLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIFE.TO

LIFE.TO Risk / Return Rank: 10
LIFE.TO Sharpe Ratio Rank: 10
LIFE.TO Sortino Ratio Rank: 10
LIFE.TO Omega Ratio Rank: 10
LIFE.TO Calmar Ratio Rank: 10
LIFE.TO Martin Ratio Rank: 10

XLV

XLV Risk / Return Rank: 24
XLV Sharpe Ratio Rank: 24
XLV Sortino Ratio Rank: 26
XLV Omega Ratio Rank: 23
XLV Calmar Ratio Rank: 26
XLV Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIFE.TO vs. XLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) and State Street Health Care Select Sector SPDR ETF (XLV). 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.

	LIFE.TO	XLV	Difference
Sharpe ratio: Return per unit of total volatility	0.12	0.96	-0.84
Sortino ratio: Return per unit of downside risk	0.28	1.50	-1.21
Omega ratio: Gain probability vs. loss probability	1.03	1.17	-0.14
Calmar ratio: Return relative to maximum drawdown	0.13	1.21	-1.08
Martin ratio: Return relative to average drawdown	0.34	2.80	-2.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIFE.TO vs. XLV - Sharpe Ratio Comparison

The current LIFE.TO Sharpe Ratio is 0.12, which is lower than the XLV Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of LIFE.TO and XLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LIFE.TO	XLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	0.96	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.62	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.93	-0.50

Drawdowns

LIFE.TO vs. XLV - Drawdown Comparison

The maximum LIFE.TO drawdown since its inception was -20.04%, smaller than the maximum XLV drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for LIFE.TO and XLV.

Drawdown Indicators

	LIFE.TO	XLV	Difference
Max Drawdown Largest peak-to-trough decline	-20.04%	-21.51%	+1.47%
Max Drawdown (1Y) Largest decline over 1 year	-13.29%	-11.95%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-16.33%	-17.43%	+1.10%
Max Drawdown (5Y) Largest decline over 5 years	-16.33%	-17.43%	+1.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.51%	—
Current Drawdown Current decline from peak	-11.90%	-7.63%	-4.27%
Average Drawdown Average peak-to-trough decline	-4.31%	-4.10%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.01%	5.13%	-0.12%

Volatility

LIFE.TO vs. XLV - Volatility Comparison

Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) has a higher volatility of 4.71% compared to State Street Health Care Select Sector SPDR ETF (XLV) at 4.40%. This indicates that LIFE.TO's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIFE.TO	XLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	4.40%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	9.88%	10.89%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.96%	14.96%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.42%	13.95%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	15.74%	-0.80%

Dividends

LIFE.TO vs. XLV - Dividend Comparison

LIFE.TO's dividend yield for the trailing twelve months is around 13.73%, more than XLV's 1.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund	13.73%	11.83%	10.90%	9.24%	8.20%	6.46%	7.09%	6.33%	4.84%	0.00%	0.00%	0.00%
XLV State Street Health Care Select Sector SPDR ETF	1.70%	1.60%	1.67%	1.59%	1.47%	1.33%	1.49%	2.17%	1.57%	1.47%	1.60%	1.43%

Frequently Asked Questions

Can I hold both LIFE.TO and XLV in my portfolio?

LIFE.TO and XLV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.