LIFE.TO vs. ZHU.TO

Last updated Jul 25, 2026

LIFE.TO (Evolve Global Healthcare Enhanced Yield Fund) and ZHU.TO (BMO Equal Weight US Health Care Index ETF) are both Health & Biotech Equities funds - LIFE.TO tracks the Solactive Global Healthcare 20 Index Canadian Dollar Hedged while ZHU.TO tracks the Solactive Equal Weight US Health Care Index. Both are passively managed. Over the past 5 years, LIFE.TO returned 4.41%/yr vs 1.55%/yr for ZHU.TO. At a 0.41 correlation, their price movements are largely independent. LIFE.TO charges 0.65%/yr vs 0.40%/yr for ZHU.TO.

Performance

LIFE.TO vs. ZHU.TO - 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 BMO Equal Weight US Health Care Index ETF (ZHU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIFE.TO achieves a -1.74% return, which is significantly lower than ZHU.TO's 8.72% 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%

ZHU.TO

• 1D: 0.90%
• 1M: 6.04%
• 6M: 6.11%
• YTD: 8.72%
• 1Y: 22.62%
• 3Y*: 5.36%
• 5Y*: 1.55%
• 10Y*: —
• ALL TIME*: 6.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund	CA$360.47K	CA$315.51K	CA$445.64K
ZHU.TO BMO Equal Weight US Health Care Index ETF	CA$26.25K	CA$18.17K	CA$12.00K

LIFE.TO vs. ZHU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund	-1.74%	12.76%	2.20%	4.15%	0.41%	19.76%	7.65%	16.36%
ZHU.TO BMO Equal Weight US Health Care Index ETF	8.72%	3.43%	5.43%	-1.57%	-9.75%	16.84%	17.53%	13.77%

Correlation

The correlation between LIFE.TO and ZHU.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019	0.41

Over the past year, the correlation between LIFE.TO and ZHU.TO has dropped to 0.19 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Return for Risk

LIFE.TO vs. ZHU.TO — 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: 21
LIFE.TO Sharpe Ratio Rank: 22
LIFE.TO Sortino Ratio Rank: 22
LIFE.TO Omega Ratio Rank: 21
LIFE.TO Calmar Ratio Rank: 20
LIFE.TO Martin Ratio Rank: 20

ZHU.TO

ZHU.TO Risk / Return Rank: 53
ZHU.TO Sharpe Ratio Rank: 55
ZHU.TO Sortino Ratio Rank: 57
ZHU.TO Omega Ratio Rank: 54
ZHU.TO Calmar Ratio Rank: 59
ZHU.TO Martin Ratio Rank: 42

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. ZHU.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 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.

	LIFE.TO	ZHU.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.31	-0.85
Sortino ratio: Return per unit of downside risk	0.80	1.95	-1.15
Omega ratio: Gain probability vs. loss probability	1.09	1.24	-0.15
Calmar ratio: Return relative to maximum drawdown	0.52	2.07	-1.56
Martin ratio: Return relative to average drawdown	1.20	4.54	-3.34

LIFE.TO vs. ZHU.TO - Sharpe Ratio Comparison

The current LIFE.TO Sharpe Ratio is 0.47, which is lower than the ZHU.TO Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of LIFE.TO and ZHU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LIFE.TO vs. ZHU.TO - Drawdown Comparison

The maximum LIFE.TO drawdown since its inception was -20.04%, smaller than the maximum ZHU.TO drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for LIFE.TO and ZHU.TO.

Drawdown Indicators

	LIFE.TO	ZHU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.04%	-27.25%	+7.21%
Max Drawdown (1Y) Largest decline over 1 year	-13.29%	-10.95%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-16.33%	-21.51%	+5.18%
Max Drawdown (5Y) Largest decline over 5 years	-16.33%	-27.25%	+10.92%
Current Drawdown Current decline from peak	-4.67%	-3.09%	-1.58%
Average Drawdown Average peak-to-trough decline	-4.35%	-8.77%	+4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	5.00%	+0.73%

Volatility

LIFE.TO vs. ZHU.TO - Volatility Comparison

Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) and BMO Equal Weight US Health Care Index ETF (ZHU.TO) have volatilities of 5.46% and 5.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIFE.TO	ZHU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	5.43%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	12.58%	-1.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	17.41%	-2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.62%	16.24%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	17.59%	-2.58%

LIFE.TO vs. ZHU.TO - Expense Ratio Comparison

LIFE.TO has a 0.65% expense ratio, which is higher than ZHU.TO's 0.40% expense ratio.

Dividends

LIFE.TO vs. ZHU.TO - Dividend Comparison

LIFE.TO's dividend yield for the trailing twelve months is around 12.82%, more than ZHU.TO's 0.50% 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%
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%	0.00%

Frequently Asked Questions

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

LIFE.TO and ZHU.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LIFE.TO or ZHU.TO?

On fees, ZHU.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LIFE.TO or ZHU.TO?

ZHU.TO is cheaper with a 0.40% expense ratio, compared with 0.65% for LIFE.TO.

What is the main difference between LIFE.TO and ZHU.TO?

LIFE.TO tracks Solactive Global Healthcare 20 Index Canadian Dollar Hedged, while ZHU.TO tracks Solactive Equal Weight US Health Care Index. They also come from different issuers: Evolve Funds Group Inc. and BMO Asset Management Inc.. Their fees differ too: 0.65% for LIFE.TO and 0.40% for ZHU.TO.