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

MNT.TO vs. TEC.TO

Last updated Jun 24, 2026

MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) and TEC.TO (TD Global Technology Leaders Index ETF) are both exchange-traded funds - MNT.TO is a Gold fund, while TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR). Over the past 5 years, MNT.TO returned 21.45%/yr vs 17.91%/yr for TEC.TO. At a correlation of -0.02, they often move in opposite directions.

Performance

MNT.TO vs. TEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Canadian Mint - Canadian Gold Reserves (MNT.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, MNT.TO achieves a -6.93% return, which is significantly lower than TEC.TO's 13.45% return.

MNT.TO

1D
-1.48%
1M
-6.99%
YTD
-6.93%
6M
-10.28%
1Y
18.65%
3Y*
31.47%
5Y*
21.45%
10Y*
12.39%

TEC.TO

1D
-2.47%
1M
0.17%
YTD
13.45%
6M
12.48%
1Y
33.27%
3Y*
29.47%
5Y*
17.91%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
MNT.TO
Royal Canadian Mint - Canadian Gold Reserves		-6.93%61.23%44.81%3.61%10.52%-10.51%26.14%13.66%
TEC.TO
TD Global Technology Leaders Index ETF		13.45%15.45%45.60%53.28%-32.20%25.46%47.54%12.79%

Correlation

The correlation between MNT.TO and TEC.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.17

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

0.03

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

-0.02

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

-0.02

The correlation between MNT.TO and TEC.TO shifts across timeframes, from -0.02 (all time) to 0.17 (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.

Royal Canadian Mint - Canadian Gold Reserves

TD Global Technology Leaders Index ETF

Often compared with MNT.TO:
MNT.TO vs. KILO.TOMNT.TO vs. CGL-C.TOMNT.TO vs. PHYS.TOMNT.TO vs. XGD.TOMNT.TO vs. CGL.TOMNT.TO vs. ZGLD.TOMNT.TO vs. GLDM
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MNT.TO
MNT.TO Risk / Return Rank: 1818
Overall Rank
MNT.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
MNT.TO Sortino Ratio Rank: 1919
Sortino Ratio Rank
MNT.TO Omega Ratio Rank: 2121
Omega Ratio Rank
MNT.TO Calmar Ratio Rank: 1717
Calmar Ratio Rank
MNT.TO Martin Ratio Rank: 1717
Martin Ratio Rank
TEC.TO
TEC.TO Risk / Return Rank: 4747
Overall Rank
TEC.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
TEC.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
TEC.TO Omega Ratio Rank: 5252
Omega Ratio Rank
TEC.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
TEC.TO Martin Ratio Rank: 3737
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.

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

This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.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.

MNT.TOTEC.TODifference
Sharpe ratioReturn per unit of total volatility
0.61
1.84

-1.23

Sortino ratioReturn per unit of downside risk
1.01
2.40

-1.39

Omega ratioGain probability vs. loss probability

1.14

1.32

-0.18

Calmar ratioReturn relative to maximum drawdown

0.66

1.91

-1.25

Martin ratioReturn relative to average drawdown

1.69

5.59

-3.90

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

The current MNT.TO Sharpe Ratio is 0.61, which is lower than the TEC.TO Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of MNT.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

MNT.TO vs. TEC.TO - Drawdown Comparison

The maximum MNT.TO drawdown since its inception was -34.79%, roughly equal to the maximum TEC.TO drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for MNT.TO and TEC.TO.

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Drawdown Indicators

MNT.TOTEC.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.79%

-35.31%

+0.52%

Max Drawdown (1Y)

Largest decline over 1 year

-28.55%

-17.52%

-11.03%

Max Drawdown (3Y)

Largest decline over 3 years

-28.55%

-25.01%

-3.54%

Max Drawdown (5Y)

Largest decline over 5 years

-28.55%

-35.31%

+6.76%

Max Drawdown (10Y)

Largest decline over 10 years

-33.58%

—

—

Current Drawdown

Current decline from peak

-25.83%

-4.49%

-21.34%

Average Drawdown

Average peak-to-trough decline

-15.87%

-8.00%

-7.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.06%

5.96%

+5.10%

Volatility

MNT.TO vs. TEC.TO - Volatility Comparison

Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and TD Global Technology Leaders Index ETF (TEC.TO) have volatilities of 8.23% and 7.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MNT.TOTEC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.23%

7.98%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

26.05%

14.50%

+11.55%

Volatility (1Y)

Calculated over the trailing 1-year period

30.85%

18.24%

+12.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.47%

22.54%

-2.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.60%

23.85%

-4.25%

Dividends

MNT.TO vs. TEC.TO - Dividend Comparison

MNT.TO has not paid dividends to shareholders, while TEC.TO's dividend yield for the trailing twelve months is around 0.10%.

PositionTTM2025202420232022202120202019
MNT.TO
Royal Canadian Mint - Canadian Gold Reserves		0.00%0.00%0.00%0.00%0.00%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

MNT.TO and TEC.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MNT.TO is categorized as Gold, while TEC.TO is Technology Equities.

Portfolio Optimizer

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