CCO.TO vs. TEC.TO
CCO.TO (Cameco Corporation) is a stock, while TEC.TO (TD Global Technology Leaders Index ETF) is Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR). Over the past 5 years, CCO.TO returned 40.56%/yr vs 18.75%/yr for TEC.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
CCO.TO vs. TEC.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CCO.TO having a 12.21% return and TEC.TO slightly higher at 12.77%.
CCO.TO
- 1D
- 2.17%
- 1M
- -4.70%
- YTD
- 12.21%
- 6M
- 11.96%
- 1Y
- 56.08%
- 3Y*
- 49.98%
- 5Y*
- 40.56%
- 10Y*
- 26.60%
TEC.TO
- 1D
- 0.39%
- 1M
- 0.89%
- YTD
- 12.77%
- 6M
- 13.20%
- 1Y
- 35.38%
- 3Y*
- 28.56%
- 5Y*
- 18.75%
- 10Y*
- —
CCO.TO vs. TEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCO.TO Cameco Corporation | 12.21% | 70.37% | 29.62% | 86.52% | 11.71% | 62.18% | 48.65% | -16.26% |
TEC.TO TD Global Technology Leaders Index ETF | 12.77% | 15.45% | 45.60% | 53.28% | -32.20% | 25.46% | 47.54% | 12.79% |
Correlation
The correlation between CCO.TO and TEC.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.33 |
The correlation between CCO.TO and TEC.TO shifts across timeframes, from 0.33 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CCO.TO vs. TEC.TO — Risk / Return Rank
CCO.TO
TEC.TO
CCO.TO vs. TEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCO.TO) and TD Global Technology Leaders Index ETF (TEC.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.
| CCO.TO | TEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.90 | +0.21 |
| Martin ratioReturn relative to average drawdown | 5.02 | 5.59 | -0.57 |
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Drawdowns
CCO.TO vs. TEC.TO - Drawdown Comparison
The maximum CCO.TO drawdown since its inception was -83.63%, which is greater than TEC.TO's maximum drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for CCO.TO and TEC.TO.
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Drawdown Indicators
| CCO.TO | TEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.63% | -35.31% | -48.32% |
Max Drawdown (1Y)Largest decline over 1 year | -27.09% | -17.52% | -9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -39.52% | -25.01% | -14.51% |
Max Drawdown (5Y)Largest decline over 5 years | -39.52% | -35.31% | -4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -52.84% | — | — |
Current DrawdownCurrent decline from peak | -22.37% | -5.07% | -17.30% |
Average DrawdownAverage peak-to-trough decline | -48.40% | -8.03% | -40.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.38% | 5.95% | +5.43% |
Volatility
CCO.TO vs. TEC.TO - Volatility Comparison
Cameco Corporation (CCO.TO) has a higher volatility of 17.67% compared to TD Global Technology Leaders Index ETF (TEC.TO) at 7.15%. This indicates that CCO.TO's price experiences larger fluctuations and is considered to be riskier than TEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCO.TO | TEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.67% | 7.15% | +10.52% |
Volatility (6M)Calculated over the trailing 6-month period | 38.63% | 14.11% | +24.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.97% | 17.72% | +36.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.05% | 22.45% | +25.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.10% | 23.83% | +21.27% |
Dividends
CCO.TO vs. TEC.TO - Dividend Comparison
CCO.TO's dividend yield for the trailing twelve months is around 0.17%, more than TEC.TO's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCO.TO Cameco Corporation | 0.17% | 0.19% | 0.22% | 0.21% | 0.39% | 0.29% | 0.47% | 0.69% | 0.52% | 3.45% | 2.85% | 2.34% |
TEC.TO TD Global Technology Leaders Index ETF | 0.10% | 0.13% | 0.12% | 0.21% | 0.31% | 0.22% | 0.33% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CCO.TO and TEC.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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