ZHU.TO vs. ZUH.TO
ZHU.TO (BMO Equal Weight US Health Care Index ETF) and ZUH.TO (BMO Equal Weight US Health Care Hedged to CAD Index ETF) are both Health & Biotech Equities funds. Over the past 5 years, ZHU.TO returned 2.44%/yr vs -1.63%/yr for ZUH.TO. At a 0.50 correlation, their price movements are largely independent.
Performance
ZHU.TO vs. ZUH.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZHU.TO achieves a 7.66% return, which is significantly higher than ZUH.TO's 3.55% 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*
- —
ZUH.TO
- 1D
- -0.55%
- 1M
- 6.26%
- YTD
- 3.55%
- 6M
- 3.20%
- 1Y
- 14.53%
- 3Y*
- 1.55%
- 5Y*
- -1.63%
- 10Y*
- 6.43%
ZHU.TO vs. ZUH.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% |
ZUH.TO BMO Equal Weight US Health Care Hedged to CAD Index ETF | 3.55% | 6.34% | -3.86% | -1.73% | -15.65% | 15.42% | 21.65% | 13.16% |
Correlation
The correlation between ZHU.TO and ZUH.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.50 |
Over the past year, the correlation between ZHU.TO and ZUH.TO has dropped to 0.29 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZHU.TO vs. ZUH.TO — Risk / Return Rank
ZHU.TO
ZUH.TO
ZHU.TO vs. ZUH.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 BMO Equal Weight US Health Care Hedged to CAD Index ETF (ZUH.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 | ZUH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.26 | +0.66 |
| Martin ratioReturn relative to average drawdown | 4.19 | 3.06 | +1.14 |
Loading charts...
Drawdowns
ZHU.TO vs. ZUH.TO - Drawdown Comparison
The maximum ZHU.TO drawdown since its inception was -27.25%, smaller than the maximum ZUH.TO drawdown of -34.21%. Use the drawdown chart below to compare losses from any high point for ZHU.TO and ZUH.TO.
Loading charts...
Drawdown Indicators
| ZHU.TO | ZUH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -34.21% | +6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -11.59% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -22.23% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -27.25% | -34.21% | +6.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.21% | — |
Current DrawdownCurrent decline from peak | -0.60% | -16.53% | +15.93% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -9.23% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 4.77% | +0.22% |
Volatility
ZHU.TO vs. ZUH.TO - Volatility Comparison
BMO Equal Weight US Health Care Index ETF (ZHU.TO) has a higher volatility of 6.01% compared to BMO Equal Weight US Health Care Hedged to CAD Index ETF (ZUH.TO) at 5.26%. This indicates that ZHU.TO's price experiences larger fluctuations and is considered to be riskier than ZUH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZHU.TO | ZUH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.26% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 11.55% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 15.72% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 17.29% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 18.52% | -0.92% |
Dividends
ZHU.TO vs. ZUH.TO - Dividend Comparison
ZHU.TO's dividend yield for the trailing twelve months is around 0.50%, less than ZUH.TO's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZUH.TO BMO Equal Weight US Health Care Hedged to CAD Index ETF | 0.53% | 0.55% | 0.74% | 0.73% | 0.43% | 0.12% | 0.37% | 0.33% | 0.33% | 0.36% | 0.98% | 0.48% |
Frequently Asked Questions
ZHU.TO and ZUH.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ZHU.TO and ZUH.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer