XHC.TO vs. HHL.TO
XHC.TO (iShares Global Healthcare Index ETF (CAD-Hedged)) and HHL.TO (Harvest Healthcare Leaders Income ETF) are both Health & Biotech Equities funds. XHC.TO is passively managed, while HHL.TO is actively managed. Over the past 10 years, XHC.TO returned 6.87%/yr vs 6.53%/yr for HHL.TO. Their correlation of 0.80 suggests significant overlap in exposure. XHC.TO charges 0.66%/yr vs 0.85%/yr for HHL.TO.
Performance
XHC.TO vs. HHL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XHC.TO achieves a -5.65% return, which is significantly higher than HHL.TO's -8.20% return. Both investments have delivered pretty close results over the past 10 years, with XHC.TO having a 6.87% annualized return and HHL.TO not far behind at 6.53%.
XHC.TO
- 1D
- 0.59%
- 1M
- 0.77%
- YTD
- -5.65%
- 6M
- -5.54%
- 1Y
- 7.72%
- 3Y*
- 2.70%
- 5Y*
- 3.54%
- 10Y*
- 6.87%
HHL.TO
- 1D
- 1.04%
- 1M
- 0.43%
- YTD
- -8.20%
- 6M
- -8.09%
- 1Y
- 4.65%
- 3Y*
- 3.74%
- 5Y*
- 5.39%
- 10Y*
- 6.53%
XHC.TO vs. HHL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged) | -5.65% | 10.91% | 1.22% | 2.14% | -3.56% | 21.32% | 8.71% | 22.47% | 2.20% | 16.84% |
HHL.TO Harvest Healthcare Leaders Income ETF | -8.20% | 10.47% | 3.87% | 6.74% | 1.28% | 23.97% | 5.28% | 14.05% | 2.14% | 13.62% |
Correlation
The correlation between XHC.TO and HHL.TO is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2014 | 0.80 |
The correlation between XHC.TO and HHL.TO has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
XHC.TO vs. HHL.TO - Sectors Allocation Comparison
Sectors
XHC.TO
HHL.TO
Healthcare
Consumer Defensive
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Basic Materials
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Communication Services
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Consumer Cyclical
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Energy
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Financial Services
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Industrials
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Real Estate
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Technology
-
-
Utilities
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Healthcare
XHC.TO
HHL.TO
Consumer Defensive
XHC.TO
HHL.TO
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Basic Materials
XHC.TO
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HHL.TO
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Communication Services
XHC.TO
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HHL.TO
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Consumer Cyclical
XHC.TO
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HHL.TO
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Energy
XHC.TO
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HHL.TO
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Financial Services
XHC.TO
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HHL.TO
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Industrials
XHC.TO
-
HHL.TO
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Real Estate
XHC.TO
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HHL.TO
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Technology
XHC.TO
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HHL.TO
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Utilities
XHC.TO
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HHL.TO
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Return for Risk
XHC.TO vs. HHL.TO — Risk / Return Rank
XHC.TO
HHL.TO
XHC.TO vs. HHL.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 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.
| XHC.TO | HHL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.36 | +0.36 |
| Martin ratioReturn relative to average drawdown | 1.76 | 0.90 | +0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XHC.TO | HHL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.32 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.38 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.42 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.33 | +0.34 |
Drawdowns
XHC.TO vs. HHL.TO - Drawdown Comparison
The maximum XHC.TO drawdown since its inception was -27.28%, roughly equal to the maximum HHL.TO drawdown of -26.70%. Use the drawdown chart below to compare losses from any high point for XHC.TO and HHL.TO.
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Drawdown Indicators
| XHC.TO | HHL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -26.70% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -12.88% | +2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -16.01% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -16.01% | -2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | -26.70% | -0.58% |
Current DrawdownCurrent decline from peak | -9.76% | -11.20% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -6.23% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 5.18% | -0.79% |
Volatility
XHC.TO vs. HHL.TO - Volatility Comparison
The current volatility for iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO) is 4.76%, while Harvest Healthcare Leaders Income ETF (HHL.TO) has a volatility of 5.49%. This indicates that XHC.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
| XHC.TO | HHL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 5.49% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 10.11% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 14.40% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.87% | 14.11% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 15.79% | -0.04% |
XHC.TO vs. HHL.TO - Expense Ratio Comparison
XHC.TO has a 0.66% expense ratio, which is lower than HHL.TO's 0.85% expense ratio.
Dividends
XHC.TO vs. HHL.TO - Dividend Comparison
XHC.TO's dividend yield for the trailing twelve months is around 1.98%, less than HHL.TO's 10.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHL.TO Harvest Healthcare Leaders Income ETF | 10.64% | 9.36% | 9.27% | 8.71% | 8.51% | 7.91% | 9.02% | 8.65% | 9.00% | 8.45% | 8.83% | 8.19% |
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged) | 1.98% | 1.87% | 4.42% | 2.38% | 0.84% | 0.79% | 0.96% | 1.07% | 1.68% | 1.14% | 1.63% | 2.15% |
Frequently Asked Questions
XHC.TO and HHL.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHC.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHC.TO is cheaper with a 0.66% expense ratio, compared with 0.85% for HHL.TO.
They also come from different issuers: iShares and Harvest. Their fees differ too: 0.66% for XHC.TO and 0.85% for HHL.TO.
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