TDOC.TO vs. HHL.TO
TDOC.TO (TD Global Healthcare Leaders Index ETF) and HHL.TO (Harvest Healthcare Leaders Income ETF) are both Health & Biotech Equities funds. Both are actively managed. Over the past 5 years, TDOC.TO returned 5.10%/yr vs 5.46%/yr for HHL.TO. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
TDOC.TO vs. HHL.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 higher than HHL.TO's -3.60% 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*
- —
HHL.TO
- 1D
- 0.14%
- 1M
- 2.73%
- 6M
- -5.81%
- YTD
- -3.60%
- 1Y
- 9.75%
- 3Y*
- 5.45%
- 5Y*
- 5.46%
- 10Y*
- 6.39%
TDOC.TO vs. HHL.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% |
HHL.TO Harvest Healthcare Leaders Income ETF | -3.60% | 10.47% | 3.87% | 6.74% | 1.28% | 18.47% |
Correlation
The correlation between TDOC.TO and HHL.TO is 0.83, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.76 |
The correlation between TDOC.TO and HHL.TO has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
TDOC.TO vs. HHL.TO — Risk / Return Rank
TDOC.TO
HHL.TO
TDOC.TO vs. HHL.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 Harvest Healthcare Leaders Income ETF (HHL.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 | HHL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.12 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.76 | +0.33 |
| Martin ratioReturn relative to average drawdown | 2.58 | 1.70 | +0.88 |
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Drawdowns
TDOC.TO vs. HHL.TO - Drawdown Comparison
The maximum TDOC.TO drawdown since its inception was -17.52%, smaller than the maximum HHL.TO drawdown of -26.70%. Use the drawdown chart below to compare losses from any high point for TDOC.TO and HHL.TO.
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Drawdown Indicators
| TDOC.TO | HHL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.52% | -26.70% | +9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -12.88% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -16.01% | +3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.52% | -16.01% | -1.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.70% | — |
Current DrawdownCurrent decline from peak | -4.61% | -6.76% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -6.23% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 5.75% | -0.81% |
Volatility
TDOC.TO vs. HHL.TO - Volatility Comparison
The current volatility for TD Global Healthcare Leaders Index ETF (TDOC.TO) is 5.09%, while Harvest Healthcare Leaders Income ETF (HHL.TO) has a volatility of 5.43%. This indicates that TDOC.TO experiences smaller price fluctuations and is considered to be less risky than HHL.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 | HHL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 5.43% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 11.34% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 15.42% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 14.32% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 15.82% | -2.89% |
Dividends
TDOC.TO vs. HHL.TO - Dividend Comparison
TDOC.TO's dividend yield for the trailing twelve months is around 1.19%, less than HHL.TO's 10.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHL.TO Harvest Healthcare Leaders Income ETF | 10.21% | 9.36% | 9.27% | 8.71% | 8.51% | 7.91% | 9.02% | 8.65% | 9.00% | 8.45% | 8.83% | 8.19% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.19% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDOC.TO and HHL.TO have a correlation of 0.83, 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 Harvest.
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