LIFE.TO vs. ZUH.TO
LIFE.TO (Evolve Global Healthcare Enhanced Yield Fund) and ZUH.TO (BMO Equal Weight US Health Care Hedged to CAD Index ETF) are both Health & Biotech Equities funds - LIFE.TO tracks the Solactive Global Healthcare 20 Index Canadian Dollar Hedged while ZUH.TO tracks the Solactive Equal Weight US Health Care Index CAD Hedged. Both are passively managed. Over the past 5 years, LIFE.TO returned 4.41%/yr vs -2.10%/yr for ZUH.TO. A 0.68 correlation means they provide meaningful diversification when combined. LIFE.TO charges 0.65%/yr vs 0.39%/yr for ZUH.TO.
Performance
LIFE.TO vs. ZUH.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 ZUH.TO's 5.19% 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%
ZUH.TO
- 1D
- 1.37%
- 1M
- 4.55%
- 6M
- 2.28%
- YTD
- 5.19%
- 1Y
- 16.22%
- 3Y*
- 1.38%
- 5Y*
- -2.10%
- 10Y*
- 6.03%
- ALL TIME*
- 11.19%
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$74.69K | CA$127.68K | CA$103.34K |
LIFE.TO vs. ZUH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund | -1.74% | 12.76% | 2.20% | 4.15% | 0.41% | 19.76% | 7.65% | 25.02% | -2.05% | 0.00% |
ZUH.TO BMO Equal Weight US Health Care Hedged to CAD Index ETF | 5.19% | 6.34% | -3.86% | -1.73% | -15.65% | 15.42% | 21.65% | 25.99% | -2.83% | -0.64% |
Correlation
The correlation between LIFE.TO and ZUH.TO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2017 | 0.68 |
The correlation between LIFE.TO and ZUH.TO has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
LIFE.TO vs. ZUH.TO — Risk / Return Rank
LIFE.TO
ZUH.TO
LIFE.TO vs. ZUH.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 Hedged to CAD Index ETF (ZUH.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 | ZUH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.18 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.41 | -0.89 |
| Martin ratioReturn relative to average drawdown | 1.20 | 3.43 | -2.23 |
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Drawdowns
LIFE.TO vs. ZUH.TO - Drawdown Comparison
The maximum LIFE.TO drawdown since its inception was -20.04%, smaller than the maximum ZUH.TO drawdown of -34.21%. Use the drawdown chart below to compare losses from any high point for LIFE.TO and ZUH.TO.
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Drawdown Indicators
| LIFE.TO | ZUH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.04% | -34.21% | +14.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -11.59% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | -22.23% | +5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -34.21% | +17.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.21% | — |
Current DrawdownCurrent decline from peak | -4.67% | -15.21% | +10.54% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -9.26% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 4.74% | +0.99% |
Volatility
LIFE.TO vs. ZUH.TO - Volatility Comparison
Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) and BMO Equal Weight US Health Care Hedged to CAD Index ETF (ZUH.TO) have volatilities of 5.46% and 5.54%, 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.
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Volatility by Period
| LIFE.TO | ZUH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 5.54% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 11.86% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 15.92% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 17.37% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 18.56% | -3.55% |
LIFE.TO vs. ZUH.TO - Expense Ratio Comparison
LIFE.TO has a 0.65% expense ratio, which is higher than ZUH.TO's 0.39% expense ratio.
Dividends
LIFE.TO vs. ZUH.TO - Dividend Comparison
LIFE.TO's dividend yield for the trailing twelve months is around 12.82%, more than ZUH.TO's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
ZUH.TO BMO Equal Weight US Health Care Hedged to CAD Index ETF | 0.52% | 0.55% | 0.74% | 0.73% | 0.43% | 0.12% | 0.37% | 0.33% | 0.33% | 0.36% | 0.98% | 0.48% |
Frequently Asked Questions
LIFE.TO and ZUH.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZUH.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZUH.TO is cheaper with a 0.39% expense ratio, compared with 0.65% for LIFE.TO.
LIFE.TO tracks Solactive Global Healthcare 20 Index Canadian Dollar Hedged, while ZUH.TO tracks Solactive Equal Weight US Health Care Index CAD Hedged. They also come from different issuers: Evolve Funds Group Inc. and BMO. Their fees differ too: 0.65% for LIFE.TO and 0.39% for ZUH.TO.
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