ZHU.TO vs. HHL.TO
ZHU.TO (BMO Equal Weight US Health Care Index ETF) and HHL.TO (Harvest Healthcare Leaders Income ETF) are both Health & Biotech Equities funds. Over the past 5 years, ZHU.TO returned 2.44%/yr vs 5.82%/yr for HHL.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
ZHU.TO vs. HHL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZHU.TO achieves a 7.66% return, which is significantly higher than HHL.TO's -3.47% return.
ZHU.TO
- 1D
- -0.60%
- 1M
- 9.89%
- YTD
- 7.66%
- 6M
- 7.98%
- 1Y
- 20.88%
- 3Y*
- 5.56%
- 5Y*
- 2.44%
- 10Y*
- —
HHL.TO
- 1D
- -1.12%
- 1M
- 3.63%
- YTD
- -3.47%
- 6M
- -4.09%
- 1Y
- 8.98%
- 3Y*
- 5.15%
- 5Y*
- 5.82%
- 10Y*
- 6.68%
ZHU.TO vs. HHL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZHU.TO BMO Equal Weight US Health Care Index ETF | 7.66% | 3.43% | 5.43% | -1.57% | -9.75% | 16.84% | 17.53% | 13.77% |
HHL.TO Harvest Healthcare Leaders Income ETF | -3.47% | 10.47% | 3.87% | 6.74% | 1.28% | 23.97% | 5.28% | 9.54% |
Correlation
The correlation between ZHU.TO and HHL.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.40 |
Over the past year, the correlation between ZHU.TO and HHL.TO has dropped to 0.18 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
ZHU.TO vs. HHL.TO — Risk / Return Rank
ZHU.TO
HHL.TO
ZHU.TO vs. HHL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight US Health Care Index ETF (ZHU.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.
| ZHU.TO | HHL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.70 | +1.21 |
| Martin ratioReturn relative to average drawdown | 4.19 | 1.58 | +2.61 |
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Drawdowns
ZHU.TO vs. HHL.TO - Drawdown Comparison
The maximum ZHU.TO drawdown since its inception was -27.25%, roughly equal to the maximum HHL.TO drawdown of -26.70%. Use the drawdown chart below to compare losses from any high point for ZHU.TO and HHL.TO.
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Drawdown Indicators
| ZHU.TO | HHL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -26.70% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -12.88% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -16.01% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -27.25% | -16.01% | -11.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.70% | — |
Current DrawdownCurrent decline from peak | -0.60% | -6.62% | +6.02% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -6.24% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 5.68% | -0.69% |
Volatility
ZHU.TO vs. HHL.TO - Volatility Comparison
BMO Equal Weight US Health Care Index ETF (ZHU.TO) has a higher volatility of 6.01% compared to Harvest Healthcare Leaders Income ETF (HHL.TO) at 5.40%. This indicates that ZHU.TO's price experiences larger fluctuations and is considered to be riskier 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
| ZHU.TO | HHL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.40% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 10.92% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 15.03% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 14.24% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 15.79% | +1.81% |
Dividends
ZHU.TO vs. HHL.TO - Dividend Comparison
ZHU.TO's dividend yield for the trailing twelve months is around 0.50%, less than HHL.TO's 10.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHL.TO Harvest Healthcare Leaders Income ETF | 10.20% | 9.36% | 9.27% | 8.71% | 8.51% | 7.91% | 9.02% | 8.65% | 9.00% | 8.45% | 8.83% | 8.19% |
ZHU.TO BMO Equal Weight US Health Care Index ETF | 0.50% | 0.54% | 0.58% | 0.97% | 0.43% | 0.13% | 0.37% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZHU.TO and HHL.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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