ZUH.TO vs. XDNA.TO

Last updated Jun 4, 2026

ZUH.TO (BMO Equal Weight US Health Care Hedged to CAD Index ETF) and XDNA.TO (iShares Genomics Immunology and Healthcare Index ETF) are both Health & Biotech Equities funds - ZUH.TO tracks the Solactive Equal Weight US Health Care Index CAD Hedged while XDNA.TO tracks the NYSE FactSet Global Genomics and Immuno Biopharma Index. Both are passively managed. Over the past 3 years, ZUH.TO returned -0.11%/yr vs 7.28%/yr for XDNA.TO. At a 0.20 correlation, their price movements are largely independent. ZUH.TO charges 0.39%/yr vs 0.44%/yr for XDNA.TO.

Performance

ZUH.TO vs. XDNA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Equal Weight US Health Care Hedged to CAD Index ETF (ZUH.TO) and iShares Genomics Immunology and Healthcare Index ETF (XDNA.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZUH.TO achieves a -3.50% return, which is significantly lower than XDNA.TO's 10.45% return.

ZUH.TO

• 1D: 1.33%
• 1M: 2.40%
• YTD: -3.50%
• 6M: -4.70%
• 1Y: 8.24%
• 3Y*: -0.11%
• 5Y*: -1.97%
• 10Y*: 5.47%

XDNA.TO

• 1D: -1.95%
• 1M: -1.11%
• YTD: 10.45%
• 6M: 9.39%
• 1Y: 40.18%
• 3Y*: 7.28%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZUH.TO vs. XDNA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ZUH.TO BMO Equal Weight US Health Care Hedged to CAD Index ETF	-3.50%	6.34%	-3.86%	-1.73%	2.41%
XDNA.TO iShares Genomics Immunology and Healthcare Index ETF	10.45%	12.10%	5.54%	-7.84%	-13.38%

Correlation

The correlation between ZUH.TO and XDNA.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	0.21
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.20

Return for Risk

ZUH.TO vs. XDNA.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZUH.TO

ZUH.TO Risk / Return Rank: 18
ZUH.TO Sharpe Ratio Rank: 18
ZUH.TO Sortino Ratio Rank: 18
ZUH.TO Omega Ratio Rank: 17
ZUH.TO Calmar Ratio Rank: 18
ZUH.TO Martin Ratio Rank: 18

XDNA.TO

XDNA.TO Risk / Return Rank: 59
XDNA.TO Sharpe Ratio Rank: 49
XDNA.TO Sortino Ratio Rank: 51
XDNA.TO Omega Ratio Rank: 48
XDNA.TO Calmar Ratio Rank: 85
XDNA.TO Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZUH.TO vs. XDNA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight US Health Care Hedged to CAD Index ETF (ZUH.TO) and iShares Genomics Immunology and Healthcare Index ETF (XDNA.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.

	ZUH.TO	XDNA.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.65	-1.10
Sortino ratio: Return per unit of downside risk	0.89	2.45	-1.57
Omega ratio: Gain probability vs. loss probability	1.10	1.30	-0.19
Calmar ratio: Return relative to maximum drawdown	0.71	4.67	-3.96
Martin ratio: Return relative to average drawdown	1.81	10.95	-9.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZUH.TO vs. XDNA.TO - Sharpe Ratio Comparison

The current ZUH.TO Sharpe Ratio is 0.54, which is lower than the XDNA.TO Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of ZUH.TO and XDNA.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZUH.TO	XDNA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	1.65	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.04	+0.57

Drawdowns

ZUH.TO vs. XDNA.TO - Drawdown Comparison

The maximum ZUH.TO drawdown since its inception was -34.20%, smaller than the maximum XDNA.TO drawdown of -45.90%. Use the drawdown chart below to compare losses from any high point for ZUH.TO and XDNA.TO.

Drawdown Indicators

	ZUH.TO	XDNA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.20%	-45.90%	+11.70%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-8.64%	-2.95%
Max Drawdown (3Y) Largest decline over 3 years	-22.23%	-28.29%	+6.06%
Max Drawdown (5Y) Largest decline over 5 years	-34.20%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.20%	—	—
Current Drawdown Current decline from peak	-22.21%	-8.95%	-13.26%
Average Drawdown Average peak-to-trough decline	-9.22%	-23.55%	+14.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	3.68%	+0.88%

Volatility

ZUH.TO vs. XDNA.TO - Volatility Comparison

The current volatility for BMO Equal Weight US Health Care Hedged to CAD Index ETF (ZUH.TO) is 4.64%, while iShares Genomics Immunology and Healthcare Index ETF (XDNA.TO) has a volatility of 6.47%. This indicates that ZUH.TO experiences smaller price fluctuations and is considered to be less risky than XDNA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZUH.TO	XDNA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	6.47%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	18.03%	-7.06%
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	24.71%	-9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	25.32%	-8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	25.32%	-6.79%

ZUH.TO vs. XDNA.TO - Expense Ratio Comparison

ZUH.TO has a 0.39% expense ratio, which is lower than XDNA.TO's 0.44% expense ratio.

Dividends

ZUH.TO vs. XDNA.TO - Dividend Comparison

ZUH.TO's dividend yield for the trailing twelve months is around 0.57%, more than XDNA.TO's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XDNA.TO iShares Genomics Immunology and Healthcare Index ETF	0.39%	0.43%	0.32%	0.25%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZUH.TO BMO Equal Weight US Health Care Hedged to CAD Index ETF	0.57%	0.55%	0.74%	0.73%	0.43%	0.12%	0.37%	0.33%	0.32%	0.36%	0.48%	0.48%

Frequently Asked Questions

Can I hold both ZUH.TO and XDNA.TO in my portfolio?

ZUH.TO and XDNA.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.

Which ETF is better, ZUH.TO or XDNA.TO?

On fees, ZUH.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZUH.TO or XDNA.TO?

ZUH.TO is cheaper with a 0.39% expense ratio, compared with 0.44% for XDNA.TO.

What is the main difference between ZUH.TO and XDNA.TO?

ZUH.TO tracks Solactive Equal Weight US Health Care Index CAD Hedged, while XDNA.TO tracks NYSE FactSet Global Genomics and Immuno Biopharma Index. They also come from different issuers: BMO and iShares. Their fees differ too: 0.39% for ZUH.TO and 0.44% for XDNA.TO.