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

LUG.TO vs. TEC.TO

Last updated Jun 4, 2026

LUG.TO (Lundin Gold Inc.) 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, LUG.TO returned 54.77%/yr vs 20.41%/yr for TEC.TO. At a 0.10 correlation, their price movements are largely independent.

Performance

LUG.TO vs. TEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Lundin Gold Inc. (LUG.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, LUG.TO achieves a -22.95% return, which is significantly lower than TEC.TO's 17.96% return.

LUG.TO

1D
-3.33%
1M
-1.23%
YTD
-22.95%
6M
-19.78%
1Y
30.84%
3Y*
79.81%
5Y*
54.77%
10Y*
32.52%

TEC.TO

1D
-0.70%
1M
12.30%
YTD
17.96%
6M
15.29%
1Y
40.60%
3Y*
31.18%
5Y*
20.41%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
LUG.TO
Lundin Gold Inc.		-22.95%291.32%91.60%29.57%30.62%-4.67%31.21%60.19%
TEC.TO
TD Global Technology Leaders Index ETF		17.96%15.45%45.60%53.28%-32.19%25.46%47.54%12.64%

Correlation

The correlation between LUG.TO and TEC.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.23

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

0.11

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

0.09

Correlation (All Time)
Calculated using the full available price history since May 10, 2019

0.10

The correlation between LUG.TO and TEC.TO shifts across timeframes, from 0.09 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Lundin Gold Inc.

TD Global Technology Leaders Index ETF

Often compared with LUG.TO:
LUG.TO vs. AEMLUG.TO vs. EGOLUG.TO vs. MAGLUG.TO vs. KGCLUG.TO vs. CGAULUG.TO vs. NVDA.TOLUG.TO vs. KNT.TO
Often compared with TEC.TO:
TEC.TO vs. QQC.TOTEC.TO vs. XQQ.TOTEC.TO vs. VFV.TOTEC.TO vs. QQQTEC.TO vs. XEQT.TOTEC.TO vs. ZQQ.TOTEC.TO vs. ZNQ.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LUG.TO
LUG.TO Risk / Return Rank: 5858
Overall Rank
LUG.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
LUG.TO Sortino Ratio Rank: 5555
Sortino Ratio Rank
LUG.TO Omega Ratio Rank: 5454
Omega Ratio Rank
LUG.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
LUG.TO Martin Ratio Rank: 6262
Martin Ratio Rank
TEC.TO
TEC.TO Risk / Return Rank: 5858
Overall Rank
TEC.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
TEC.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
TEC.TO Omega Ratio Rank: 6666
Omega Ratio Rank
TEC.TO Calmar Ratio Rank: 4646
Calmar Ratio Rank
TEC.TO Martin Ratio Rank: 4242
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.

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

This table presents a comparison of risk-adjusted performance metrics for Lundin Gold Inc. (LUG.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.

LUG.TOTEC.TODifference
Sharpe ratioReturn per unit of total volatility
0.56
2.42

-1.86

Sortino ratioReturn per unit of downside risk
1.07
3.11

-2.04

Omega ratioGain probability vs. loss probability

1.14

1.41

-0.27

Calmar ratioReturn relative to maximum drawdown

0.92

2.33

-1.41

Martin ratioReturn relative to average drawdown

2.38

6.92

-4.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current LUG.TO Sharpe Ratio is 0.56, which is lower than the TEC.TO Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of LUG.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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Sharpe Ratios by Period

LUG.TOTEC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.56

2.42

-1.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.19

0.92

+0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

0.97

-0.97

Drawdowns

LUG.TO vs. TEC.TO - Drawdown Comparison

The maximum LUG.TO drawdown since its inception was -95.00%, 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 LUG.TO and TEC.TO.

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Drawdown Indicators

LUG.TOTEC.TODifference

Max Drawdown

Largest peak-to-trough decline

-95.00%

-35.31%

-59.69%

Max Drawdown (1Y)

Largest decline over 1 year

-33.77%

-17.52%

-16.25%

Max Drawdown (3Y)

Largest decline over 3 years

-33.77%

-25.01%

-8.76%

Max Drawdown (5Y)

Largest decline over 5 years

-38.94%

-35.31%

-3.63%

Max Drawdown (10Y)

Largest decline over 10 years

-41.84%

—

—

Current Drawdown

Current decline from peak

-31.67%

-0.70%

-30.97%

Average Drawdown

Average peak-to-trough decline

-64.97%

-8.04%

-56.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.00%

5.89%

+7.11%

Volatility

LUG.TO vs. TEC.TO - Volatility Comparison

Lundin Gold Inc. (LUG.TO) has a higher volatility of 17.64% compared to TD Global Technology Leaders Index ETF (TEC.TO) at 4.75%. This indicates that LUG.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

LUG.TOTEC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.64%

4.75%

+12.89%

Volatility (6M)

Calculated over the trailing 6-month period

40.97%

12.86%

+28.11%

Volatility (1Y)

Calculated over the trailing 1-year period

55.44%

16.86%

+38.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

46.37%

22.32%

+24.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

43.36%

23.78%

+19.58%

Dividends

LUG.TO vs. TEC.TO - Dividend Comparison

LUG.TO's dividend yield for the trailing twelve months is around 5.09%, more than TEC.TO's 0.10% yield.

PositionTTM2025202420232022202120202019
LUG.TO
Lundin Gold Inc.		5.09%3.37%2.69%3.28%1.97%0.00%0.00%0.00%
TEC.TO
TD Global Technology Leaders Index ETF		0.10%0.13%0.12%0.21%0.31%0.22%0.33%0.28%

Frequently Asked Questions

LUG.TO and TEC.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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