ZHU.TO vs. TDOC.TO
ZHU.TO (BMO Equal Weight US Health Care Index ETF) and TDOC.TO (TD Global Healthcare Leaders Index ETF) are both Health & Biotech Equities funds. Over the past 5 years, ZHU.TO returned 1.97%/yr vs 5.24%/yr for TDOC.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
ZHU.TO vs. TDOC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZHU.TO achieves a 7.95% return, which is significantly higher than TDOC.TO's 1.29% return.
ZHU.TO
- 1D
- 0.31%
- 1M
- 6.30%
- 6M
- 3.77%
- YTD
- 7.95%
- 1Y
- 22.31%
- 3Y*
- 5.75%
- 5Y*
- 1.97%
- 10Y*
- —
TDOC.TO
- 1D
- -0.60%
- 1M
- 4.94%
- 6M
- -1.86%
- YTD
- 1.29%
- 1Y
- 13.29%
- 3Y*
- 7.08%
- 5Y*
- 5.24%
- 10Y*
- —
ZHU.TO vs. TDOC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZHU.TO BMO Equal Weight US Health Care Index ETF | 7.95% | 3.43% | 5.43% | -1.57% | -9.75% | 13.59% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.29% | 8.36% | 10.24% | 1.71% | -1.37% | 15.59% |
Correlation
The correlation between ZHU.TO and TDOC.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.43 |
The correlation between ZHU.TO and TDOC.TO shifts across timeframes, from 0.26 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZHU.TO vs. TDOC.TO — Risk / Return Rank
ZHU.TO
TDOC.TO
ZHU.TO vs. TDOC.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 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.
| ZHU.TO | TDOC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.13 | +0.91 |
| Martin ratioReturn relative to average drawdown | 4.50 | 2.69 | +1.81 |
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Drawdowns
ZHU.TO vs. TDOC.TO - Drawdown Comparison
The maximum ZHU.TO drawdown since its inception was -27.25%, 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 ZHU.TO and TDOC.TO.
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Drawdown Indicators
| ZHU.TO | TDOC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -17.52% | -9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -11.77% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -12.66% | -8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -27.25% | -17.52% | -9.73% |
Current DrawdownCurrent decline from peak | -3.78% | -3.93% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -4.82% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 4.95% | +0.02% |
Volatility
ZHU.TO vs. TDOC.TO - Volatility Comparison
BMO Equal Weight US Health Care Index ETF (ZHU.TO) has a higher volatility of 5.63% compared to TD Global Healthcare Leaders Index ETF (TDOC.TO) at 5.23%. This indicates that ZHU.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
| ZHU.TO | TDOC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 5.23% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | 10.81% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 14.26% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 13.08% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 12.94% | +4.66% |
Dividends
ZHU.TO vs. TDOC.TO - Dividend Comparison
ZHU.TO's dividend yield for the trailing twelve months is around 0.50%, less than TDOC.TO's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.18% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
ZHU.TO and TDOC.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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