XHC.TO vs. FHH.TO
XHC.TO (iShares Global Healthcare Index ETF (CAD-Hedged)) and FHH.TO (First Trust AlphaDEX U.S. Health Care Sector Index ETF) are both Health & Biotech Equities funds - XHC.TO tracks the Morningstar Gbl GR CAD while FHH.TO tracks the StrataQuant Health Care Index. Both are passively managed. Over the past 10 years, XHC.TO returned 7.17%/yr vs 8.42%/yr for FHH.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
XHC.TO vs. FHH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XHC.TO achieves a 2.94% return, which is significantly lower than FHH.TO's 9.08% return. Over the past 10 years, XHC.TO has underperformed FHH.TO with an annualized return of 7.17%, while FHH.TO has yielded a comparatively higher 8.42% annualized return.
XHC.TO
- 1D
- 1.91%
- 1M
- 5.64%
- 6M
- 1.00%
- YTD
- 2.94%
- 1Y
- 17.24%
- 3Y*
- 6.27%
- 5Y*
- 3.56%
- 10Y*
- 7.17%
FHH.TO
- 1D
- -2.10%
- 1M
- 4.64%
- 6M
- 6.33%
- YTD
- 9.08%
- 1Y
- 25.19%
- 3Y*
- 6.39%
- 5Y*
- 4.14%
- 10Y*
- 8.42%
XHC.TO vs. FHH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged) | 2.94% | 10.91% | 1.22% | 2.14% | -3.57% | 17.32% | 8.71% | 22.47% | 2.20% | 16.83% |
FHH.TO First Trust AlphaDEX U.S. Health Care Sector Index ETF | 9.08% | 5.83% | 9.13% | -6.00% | -8.34% | 22.83% | 23.20% | 16.76% | 4.25% | 12.14% |
Correlation
The correlation between XHC.TO and FHH.TO is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2014 | 0.26 |
Over the past year, the correlation between XHC.TO and FHH.TO has dropped to 0.03 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
XHC.TO vs. FHH.TO — Risk / Return Rank
XHC.TO
FHH.TO
XHC.TO vs. FHH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.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.
| XHC.TO | FHH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.80 | -0.20 |
| Martin ratioReturn relative to average drawdown | 3.81 | 4.88 | -1.08 |
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Drawdowns
XHC.TO vs. FHH.TO - Drawdown Comparison
The maximum XHC.TO drawdown since its inception was -27.28%, which is greater than FHH.TO's maximum drawdown of -25.83%. Use the drawdown chart below to compare losses from any high point for XHC.TO and FHH.TO.
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Drawdown Indicators
| XHC.TO | FHH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -25.83% | -1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -12.91% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -20.20% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -21.86% | +3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | -23.58% | -3.70% |
Current DrawdownCurrent decline from peak | -2.60% | -4.65% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -8.37% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 4.76% | -0.22% |
Volatility
XHC.TO vs. FHH.TO - Volatility Comparison
iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO) has a higher volatility of 6.11% compared to First Trust AlphaDEX U.S. Health Care Sector Index ETF (FHH.TO) at 5.58%. This indicates that XHC.TO's price experiences larger fluctuations and is considered to be riskier 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
| XHC.TO | FHH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 5.58% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 11.85% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 16.59% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 15.99% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 16.71% | -0.86% |
Dividends
XHC.TO vs. FHH.TO - Dividend Comparison
XHC.TO's dividend yield for the trailing twelve months is around 1.88%, more than FHH.TO's 0.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHH.TO First Trust AlphaDEX U.S. Health Care Sector Index ETF | 0.59% | 0.12% | 0.22% | 0.23% | 0.39% | 5.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged) | 1.88% | 1.87% | 4.42% | 2.38% | 0.84% | 0.80% | 0.97% | 1.07% | 1.68% | 1.14% | 1.63% | 2.14% |
Frequently Asked Questions
XHC.TO and FHH.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XHC.TO tracks Morningstar Gbl GR CAD, while FHH.TO tracks StrataQuant Health Care Index. They also come from different issuers: iShares and First Trust.
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