XHC.TO vs. TDOC.TO
XHC.TO (iShares Global Healthcare Index ETF (CAD-Hedged)) and TDOC.TO (TD Global Healthcare Leaders Index ETF) are both Health & Biotech Equities funds. XHC.TO is passively managed, while TDOC.TO is actively managed. Over the past 5 years, XHC.TO returned 3.56%/yr vs 5.37%/yr for TDOC.TO. Their correlation of 0.81 suggests significant overlap in exposure.
Performance
XHC.TO vs. TDOC.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 higher than TDOC.TO's 1.90% 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%
TDOC.TO
- 1D
- 1.32%
- 1M
- 5.07%
- 6M
- -1.74%
- YTD
- 1.90%
- 1Y
- 13.79%
- 3Y*
- 7.42%
- 5Y*
- 5.37%
- 10Y*
- —
XHC.TO vs. TDOC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged) | 2.94% | 10.91% | 1.22% | 2.14% | -3.57% | 13.49% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.90% | 8.36% | 10.24% | 1.71% | -1.37% | 15.59% |
Correlation
The correlation between XHC.TO and TDOC.TO is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.81 |
The correlation between XHC.TO and TDOC.TO has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
XHC.TO vs. TDOC.TO — Risk / Return Rank
XHC.TO
TDOC.TO
XHC.TO vs. TDOC.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 TD Global Healthcare Leaders Index ETF (TDOC.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 | TDOC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.18 | +0.43 |
| Martin ratioReturn relative to average drawdown | 3.81 | 2.79 | +1.01 |
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Drawdowns
XHC.TO vs. TDOC.TO - Drawdown Comparison
The maximum XHC.TO drawdown since its inception was -27.28%, which is greater than TDOC.TO's maximum drawdown of -17.52%. Use the drawdown chart below to compare losses from any high point for XHC.TO and TDOC.TO.
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Drawdown Indicators
| XHC.TO | TDOC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -17.52% | -9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -11.77% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -12.66% | -6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -17.52% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -3.35% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -4.82% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 4.95% | -0.41% |
Volatility
XHC.TO vs. TDOC.TO - Volatility Comparison
iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO) has a higher volatility of 6.11% compared to TD Global Healthcare Leaders Index ETF (TDOC.TO) at 5.21%. This indicates that XHC.TO's price experiences larger fluctuations and is considered to be riskier than TDOC.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 | TDOC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 5.21% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 10.81% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 14.25% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 13.08% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 12.94% | +2.91% |
Dividends
XHC.TO vs. TDOC.TO - Dividend Comparison
XHC.TO's dividend yield for the trailing twelve months is around 1.88%, more than TDOC.TO's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.17% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% | 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 TDOC.TO have a correlation of 0.88, 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: iShares and TD.
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