XHC.TO vs. HHLE.TO
XHC.TO (iShares Global Healthcare Index ETF (CAD-Hedged)) and HHLE.TO (Harvest Healthcare Leaders Enhanced Income ETF - Class A Units) are both Health & Biotech Equities funds. XHC.TO is passively managed, while HHLE.TO is actively managed. Over the past 3 years, XHC.TO returned 2.70%/yr vs 3.15%/yr for HHLE.TO. Their correlation of 0.89 suggests significant overlap in exposure. XHC.TO charges 0.66%/yr vs 0.85%/yr for HHLE.TO.
Performance
XHC.TO vs. HHLE.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 HHLE.TO's -10.95% return.
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%
HHLE.TO
- 1D
- 0.90%
- 1M
- 0.01%
- YTD
- -10.95%
- 6M
- -10.74%
- 1Y
- 4.08%
- 3Y*
- 3.15%
- 5Y*
- —
- 10Y*
- —
XHC.TO vs. HHLE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged) | -5.65% | 10.91% | 1.22% | 2.14% | 4.08% |
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units | -10.95% | 11.85% | 3.28% | 7.14% | 5.96% |
Correlation
The correlation between XHC.TO and HHLE.TO is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | 0.89 |
The correlation between XHC.TO and HHLE.TO has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
XHC.TO vs. HHLE.TO - Sectors Allocation Comparison
Sectors
XHC.TO
HHLE.TO
Healthcare
Consumer Defensive
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Basic Materials
-
-
Communication Services
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-
Consumer Cyclical
-
-
Energy
-
-
Financial Services
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Healthcare
XHC.TO
HHLE.TO
Consumer Defensive
XHC.TO
HHLE.TO
-
Basic Materials
XHC.TO
-
HHLE.TO
-
Communication Services
XHC.TO
-
HHLE.TO
-
Consumer Cyclical
XHC.TO
-
HHLE.TO
-
Energy
XHC.TO
-
HHLE.TO
-
Financial Services
XHC.TO
-
HHLE.TO
-
Industrials
XHC.TO
-
HHLE.TO
-
Real Estate
XHC.TO
-
HHLE.TO
-
Technology
XHC.TO
-
HHLE.TO
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Utilities
XHC.TO
-
HHLE.TO
-
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Return for Risk
XHC.TO vs. HHLE.TO — Risk / Return Rank
XHC.TO
HHLE.TO
XHC.TO vs. HHLE.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 Enhanced Income ETF - Class A Units (HHLE.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 | HHLE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.05 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.25 | +0.47 |
| Martin ratioReturn relative to average drawdown | 1.76 | 0.62 | +1.14 |
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 | HHLE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.22 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.27 | +0.41 |
Drawdowns
XHC.TO vs. HHLE.TO - Drawdown Comparison
The maximum XHC.TO drawdown since its inception was -27.28%, which is greater than HHLE.TO's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for XHC.TO and HHLE.TO.
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Drawdown Indicators
| XHC.TO | HHLE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -20.60% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -16.36% | +5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -20.60% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | — | — |
Current DrawdownCurrent decline from peak | -9.76% | -14.87% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -6.56% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 6.57% | -2.18% |
Volatility
XHC.TO vs. HHLE.TO - Volatility Comparison
The current volatility for iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO) is 4.76%, while Harvest Healthcare Leaders Enhanced Income ETF - Class A Units (HHLE.TO) has a volatility of 7.61%. This indicates that XHC.TO experiences smaller price fluctuations and is considered to be less risky than HHLE.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 | HHLE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 7.61% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 13.23% | -3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 18.44% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.87% | 16.62% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 16.62% | -0.87% |
XHC.TO vs. HHLE.TO - Expense Ratio Comparison
XHC.TO has a 0.66% expense ratio, which is lower than HHLE.TO's 0.85% expense ratio.
Dividends
XHC.TO vs. HHLE.TO - Dividend Comparison
XHC.TO's dividend yield for the trailing twelve months is around 1.98%, less than HHLE.TO's 14.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHLE.TO Harvest Healthcare Leaders Enhanced Income ETF - Class A Units | 14.25% | 12.01% | 11.76% | 10.81% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
With a correlation of 0.91, XHC.TO and HHLE.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 HHLE.TO.
They also come from different issuers: iShares and Harvest. Their fees differ too: 0.66% for XHC.TO and 0.85% for HHLE.TO.
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