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

FHQ.TO vs. TECH.TO

Last updated Jul 16, 2026
Documentation

FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) and TECH.TO (Evolve FANGMA Index ETF Hedged CAD) are both Technology Equities funds - FHQ.TO tracks the StrataQuant Technology Index while TECH.TO tracks the Solactive FANGMA Equal Weight Index. Both are passively managed. Over the past 5 years, FHQ.TO returned 13.16%/yr vs 13.50%/yr for TECH.TO. At a 0.43 correlation, their price movements are largely independent.

Performance

FHQ.TO vs. TECH.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 Evolve FANGMA Index ETF Hedged CAD (TECH.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 TECH.TO's 1.30% 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%

TECH.TO

1D
2.74%
1M
2.80%
6M
2.94%
YTD
1.30%
1Y
9.38%
3Y*
22.52%
5Y*
13.50%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
FHQ.TO
First Trust AlphaDEX U.S. Technology Sector Index ETF		24.19%8.42%25.83%36.49%-28.18%20.57%
TECH.TO
Evolve FANGMA Index ETF Hedged CAD		1.30%18.19%40.22%80.38%-43.52%20.13%

Correlation

The correlation between FHQ.TO and TECH.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

0.44

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

0.44

Correlation (All Time)
Calculated using the full available price history since May 6, 2021

0.43

The correlation between FHQ.TO and TECH.TO shifts across timeframes, from 0.29 (1 year) to 0.44 (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

Evolve FANGMA Index ETF Hedged CAD

Often compared with TECH.TO:
TECH.TO vs. TEC.TOTECH.TO vs. CHPS.TOTECH.TO vs. TECI.TOTECH.TO vs. CIAI.TOTECH.TO vs. QQC.TOTECH.TO vs. FINN.NEOTECH.TO vs. MTRX.TO

Return for Risk

FHQ.TO vs. TECH.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
TECH.TO
TECH.TO Risk / Return Rank: 1818
Overall Rank
TECH.TO Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
TECH.TO Sortino Ratio Rank: 1818
Sortino Ratio Rank
TECH.TO Omega Ratio Rank: 1717
Omega Ratio Rank
TECH.TO Calmar Ratio Rank: 1717
Calmar Ratio Rank
TECH.TO Martin Ratio Rank: 1818
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. TECH.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 Evolve FANGMA Index ETF Hedged CAD (TECH.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.TOTECH.TODifference
Sharpe ratioReturn per unit of total volatility
1.37
0.49

+0.87

Sortino ratioReturn per unit of downside risk
1.92
0.84

+1.08

Omega ratioGain probability vs. loss probability

1.25

1.10

+0.16

Calmar ratioReturn relative to maximum drawdown

2.44

0.57

+1.87

Martin ratioReturn relative to average drawdown

6.72

1.57

+5.15

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

The current FHQ.TO Sharpe Ratio is 1.37, which is higher than the TECH.TO Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of FHQ.TO and TECH.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. TECH.TO - Drawdown Comparison

The maximum FHQ.TO drawdown since its inception was -32.05%, smaller than the maximum TECH.TO drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for FHQ.TO and TECH.TO.

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Drawdown Indicators

FHQ.TOTECH.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.05%

-47.92%

+15.87%

Max Drawdown (1Y)

Largest decline over 1 year

-14.13%

-16.60%

+2.47%

Max Drawdown (3Y)

Largest decline over 3 years

-27.64%

-24.14%

-3.50%

Max Drawdown (5Y)

Largest decline over 5 years

-32.05%

-47.92%

+15.87%

Max Drawdown (10Y)

Largest decline over 10 years

-32.05%

—

—

Current Drawdown

Current decline from peak

-6.70%

-3.80%

-2.90%

Average Drawdown

Average peak-to-trough decline

-7.63%

-12.22%

+4.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.11%

5.98%

-0.87%

Volatility

FHQ.TO vs. TECH.TO - Volatility Comparison

First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) has a higher volatility of 10.35% compared to Evolve FANGMA Index ETF Hedged CAD (TECH.TO) at 8.26%. This indicates that FHQ.TO's price experiences larger fluctuations and is considered to be riskier than TECH.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.TOTECH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.35%

8.26%

+2.09%

Volatility (6M)

Calculated over the trailing 6-month period

20.95%

15.11%

+5.84%

Volatility (1Y)

Calculated over the trailing 1-year period

25.24%

19.12%

+6.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.62%

26.77%

-3.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.37%

26.46%

-3.09%

Dividends

FHQ.TO vs. TECH.TO - Dividend Comparison

FHQ.TO has not paid dividends to shareholders, while TECH.TO's dividend yield for the trailing twelve months is around 0.09%.

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%
TECH.TO
Evolve FANGMA Index ETF Hedged CAD		0.09%0.09%0.12%0.20%0.35%0.17%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FHQ.TO and TECH.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.

FHQ.TO tracks StrataQuant Technology Index, while TECH.TO tracks Solactive FANGMA Equal Weight Index. They also come from different issuers: First Trust and Evolve.

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