ZUH.TO vs. ZHU.TO
ZUH.TO (BMO Equal Weight US Health Care Hedged to CAD Index ETF) and ZHU.TO (BMO Equal Weight US Health Care Index ETF) are both Health & Biotech Equities funds. Over the past 5 years, ZUH.TO returned -1.63%/yr vs 2.44%/yr for ZHU.TO. At a 0.50 correlation, their price movements are largely independent.
Performance
ZUH.TO vs. ZHU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZUH.TO achieves a 3.55% return, which is significantly lower than ZHU.TO's 7.66% return.
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
- 1D
- -0.60%
- 1M
- 9.89%
- YTD
- 7.66%
- 6M
- 7.98%
- 1Y
- 20.88%
- 3Y*
- 5.56%
- 5Y*
- 2.44%
- 10Y*
- —
ZUH.TO vs. ZHU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between ZUH.TO and ZHU.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 ZUH.TO and ZHU.TO has dropped to 0.29 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
ZUH.TO vs. ZHU.TO — Risk / Return Rank
ZUH.TO
ZHU.TO
ZUH.TO vs. ZHU.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 BMO Equal Weight US Health Care Index ETF (ZHU.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.
| ZUH.TO | ZHU.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 | 1.17 | 1.22 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.91 | -0.66 |
| Martin ratioReturn relative to average drawdown | 3.06 | 4.19 | -1.14 |
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Drawdowns
ZUH.TO vs. ZHU.TO - Drawdown Comparison
The maximum ZUH.TO drawdown since its inception was -34.21%, which is greater than ZHU.TO's maximum drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for ZUH.TO and ZHU.TO.
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Drawdown Indicators
| ZUH.TO | ZHU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.21% | -27.25% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -10.95% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -22.23% | -21.51% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -34.21% | -27.25% | -6.96% |
Max Drawdown (10Y)Largest decline over 10 years | -34.21% | — | — |
Current DrawdownCurrent decline from peak | -16.53% | -0.60% | -15.93% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -8.83% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 4.99% | -0.22% |
Volatility
ZUH.TO vs. ZHU.TO - Volatility Comparison
The current volatility for BMO Equal Weight US Health Care Hedged to CAD Index ETF (ZUH.TO) is 5.26%, while BMO Equal Weight US Health Care Index ETF (ZHU.TO) has a volatility of 6.01%. This indicates that ZUH.TO experiences smaller price fluctuations and is considered to be less risky than ZHU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZUH.TO | ZHU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 6.01% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 12.63% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.72% | 17.34% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 16.17% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.52% | 17.60% | +0.92% |
Dividends
ZUH.TO vs. ZHU.TO - Dividend Comparison
ZUH.TO's dividend yield for the trailing twelve months is around 0.53%, more than ZHU.TO's 0.50% 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
ZUH.TO and ZHU.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.
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