TDOC.TO vs. FHH.TO
TDOC.TO (TD Global Healthcare Leaders Index ETF) and FHH.TO (First Trust AlphaDEX U.S. Health Care Sector Index ETF) are both Health & Biotech Equities funds. TDOC.TO is actively managed, while FHH.TO is passively managed. Over the past 5 years, TDOC.TO returned 5.10%/yr vs 4.14%/yr for FHH.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
TDOC.TO vs. FHH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TDOC.TO achieves a 0.57% return, which is significantly lower than FHH.TO's 9.08% return.
TDOC.TO
- 1D
- 0.00%
- 1M
- 3.81%
- 6M
- -3.26%
- YTD
- 0.57%
- 1Y
- 12.75%
- 3Y*
- 6.84%
- 5Y*
- 5.10%
- 10Y*
- —
FHH.TO
- 1D
- -2.10%
- 1M
- 4.40%
- 6M
- 6.95%
- YTD
- 9.08%
- 1Y
- 23.16%
- 3Y*
- 6.39%
- 5Y*
- 4.14%
- 10Y*
- 8.42%
TDOC.TO vs. FHH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 0.57% | 8.36% | 10.24% | 1.71% | -1.37% | 15.59% |
FHH.TO First Trust AlphaDEX U.S. Health Care Sector Index ETF | 9.08% | 5.83% | 9.13% | -6.00% | -8.34% | 18.79% |
Correlation
The correlation between TDOC.TO and FHH.TO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.22 |
The correlation between TDOC.TO and FHH.TO shifts across timeframes, from 0.09 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDOC.TO vs. FHH.TO — Risk / Return Rank
TDOC.TO
FHH.TO
TDOC.TO vs. FHH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Global Healthcare Leaders Index ETF (TDOC.TO) and First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.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.
| TDOC.TO | FHH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.80 | -0.71 |
| Martin ratioReturn relative to average drawdown | 2.58 | 4.88 | -2.30 |
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Drawdowns
TDOC.TO vs. FHH.TO - Drawdown Comparison
The maximum TDOC.TO drawdown since its inception was -17.52%, smaller than the maximum FHH.TO drawdown of -25.83%. Use the drawdown chart below to compare losses from any high point for TDOC.TO and FHH.TO.
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Drawdown Indicators
| TDOC.TO | FHH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.52% | -25.83% | +8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -12.91% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -20.20% | +7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.52% | -21.86% | +4.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.58% | — |
Current DrawdownCurrent decline from peak | -4.61% | -4.65% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -8.37% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 4.76% | +0.18% |
Volatility
TDOC.TO vs. FHH.TO - Volatility Comparison
The current volatility for TD Global Healthcare Leaders Index ETF (TDOC.TO) is 5.09%, while First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) has a volatility of 5.58%. This indicates that TDOC.TO experiences smaller price fluctuations and is considered to be less risky than FHH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDOC.TO | FHH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 5.58% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 11.85% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 16.59% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 15.99% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 16.71% | -3.78% |
Dividends
TDOC.TO vs. FHH.TO - Dividend Comparison
TDOC.TO's dividend yield for the trailing twelve months is around 1.19%, more than FHH.TO's 0.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FHH.TO First Trust AlphaDEX U.S. Health Care Sector Index ETF | 0.59% | 0.12% | 0.22% | 0.23% | 0.39% | 5.28% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.19% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% |
Frequently Asked Questions
TDOC.TO and FHH.TO have a correlation of 0.09, 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: TD and First Trust.
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