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FHQ.TO vs. TEC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FHQ.TO vs. TEC.TO

Last updated Jul 16, 2026
Documentation

FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) and TEC.TO (TD Global Technology Leaders Index ETF) are both Technology Equities funds - FHQ.TO tracks the StrataQuant Technology Index while TEC.TO tracks the Solactive Global Technology Leaders Index (CA NTR). Both are passively managed. Over the past 5 years, FHQ.TO returned 13.16%/yr vs 17.40%/yr for TEC.TO. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

FHQ.TO vs. TEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) and TD Global Technology Leaders Index ETF (TEC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FHQ.TO achieves a 24.19% return, which is significantly higher than TEC.TO's 15.77% return.

FHQ.TO

1D
0.39%
1M
-4.66%
6M
18.60%
YTD
24.19%
1Y
33.63%
3Y*
22.48%
5Y*
13.16%
10Y*
19.80%

TEC.TO

1D
0.47%
1M
-0.52%
6M
14.54%
YTD
15.77%
1Y
29.05%
3Y*
28.19%
5Y*
17.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FHQ.TO vs. TEC.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FHQ.TO
First Trust AlphaDEX U.S. Technology Sector Index ETF		24.19%8.42%25.83%36.49%-28.18%21.01%47.20%9.16%
TEC.TO
TD Global Technology Leaders Index ETF		15.77%15.45%45.60%53.28%-32.20%25.46%47.54%12.79%

Correlation

The correlation between FHQ.TO and TEC.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (All Time)
Calculated using the full available price history since May 9, 2019

0.59

The correlation between FHQ.TO and TEC.TO shifts across timeframes, from 0.52 (1 year) to 0.64 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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First Trust AlphaDEX U.S. Technology Sector Index ETF

TD Global Technology Leaders Index ETF

Often compared with TEC.TO:
TEC.TO vs. QQC.TOTEC.TO vs. XQQ.TOTEC.TO vs. QQQTEC.TO vs. VFV.TOTEC.TO vs. XEQT.TOTEC.TO vs. ZQQ.TOTEC.TO vs. ZNQ.TO

Return for Risk

FHQ.TO vs. TEC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FHQ.TO
FHQ.TO Risk / Return Rank: 5050
Overall Rank
FHQ.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
FHQ.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
FHQ.TO Omega Ratio Rank: 4848
Omega Ratio Rank
FHQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
FHQ.TO Martin Ratio Rank: 4949
Martin Ratio Rank
TEC.TO
TEC.TO Risk / Return Rank: 4848
Overall Rank
TEC.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
TEC.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
TEC.TO Omega Ratio Rank: 5353
Omega Ratio Rank
TEC.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
TEC.TO Martin Ratio Rank: 3838
Martin Ratio Rank
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.

FHQ.TO vs. TEC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.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.

FHQ.TOTEC.TODifference
Sharpe ratioReturn per unit of total volatility
1.37
1.56

-0.20

Sortino ratioReturn per unit of downside risk
1.92
2.10

-0.17

Omega ratioGain probability vs. loss probability

1.25

1.27

-0.02

Calmar ratioReturn relative to maximum drawdown

2.44

1.67

+0.77

Martin ratioReturn relative to average drawdown

6.72

4.83

+1.89

FHQ.TO vs. TEC.TO - Sharpe Ratio Comparison

The current FHQ.TO Sharpe Ratio is 1.37, which is comparable to the TEC.TO Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of FHQ.TO and TEC.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.

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Drawdowns

FHQ.TO vs. TEC.TO - Drawdown Comparison

The maximum FHQ.TO drawdown since its inception was -32.05%, smaller than the maximum TEC.TO drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for FHQ.TO and TEC.TO.

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Drawdown Indicators

FHQ.TOTEC.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.05%

-35.31%

+3.26%

Max Drawdown (1Y)

Largest decline over 1 year

-14.13%

-17.52%

+3.39%

Max Drawdown (3Y)

Largest decline over 3 years

-27.64%

-25.01%

-2.63%

Max Drawdown (5Y)

Largest decline over 5 years

-32.05%

-35.31%

+3.26%

Max Drawdown (10Y)

Largest decline over 10 years

-32.05%

—

—

Current Drawdown

Current decline from peak

-6.70%

-2.54%

-4.16%

Average Drawdown

Average peak-to-trough decline

-7.63%

-7.97%

+0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.11%

6.03%

-0.92%

Volatility

FHQ.TO vs. TEC.TO - Volatility Comparison

First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) has a higher volatility of 10.35% compared to TD Global Technology Leaders Index ETF (TEC.TO) at 6.15%. This indicates that FHQ.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

FHQ.TOTEC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.35%

6.15%

+4.20%

Volatility (6M)

Calculated over the trailing 6-month period

20.95%

15.05%

+5.90%

Volatility (1Y)

Calculated over the trailing 1-year period

25.24%

18.66%

+6.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.62%

22.61%

+1.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.37%

23.81%

-0.44%

Dividends

FHQ.TO vs. TEC.TO - Dividend Comparison

FHQ.TO has not paid dividends to shareholders, while TEC.TO's dividend yield for the trailing twelve months is around 0.08%.

PositionTTM20252024202320222021202020192018201720162015
FHQ.TO
First Trust AlphaDEX U.S. Technology Sector Index ETF		0.00%0.00%0.02%0.00%0.00%1.18%0.43%0.50%0.80%0.83%1.20%0.43%
TEC.TO
TD Global Technology Leaders Index ETF		0.08%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

FHQ.TO and TEC.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FHQ.TO tracks StrataQuant Technology Index, while TEC.TO tracks Solactive Global Technology Leaders Index (CA NTR). They also come from different issuers: First Trust and TD.

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