QQC-F.TO vs. TEC.TO

Last updated Jun 5, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and TEC.TO (TD Global Technology Leaders Index ETF) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR). Both are passively managed. Over the past 5 years, QQC-F.TO returned 16.21%/yr vs 20.37%/yr for TEC.TO. Their correlation of 0.92 suggests significant overlap in exposure. QQC-F.TO charges 0.20%/yr vs 0.39%/yr for TEC.TO.

Performance

QQC-F.TO vs. TEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and TD Global Technology Leaders Index ETF (TEC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQC-F.TO achieves a 19.18% return, which is significantly higher than TEC.TO's 17.79% return.

QQC-F.TO

• 1D: -0.50%
• 1M: 8.60%
• YTD: 19.18%
• 6M: 17.61%
• 1Y: 37.09%
• 3Y*: 26.30%
• 5Y*: 16.21%
• 10Y*: 20.19%

TEC.TO

• 1D: -0.14%
• 1M: 10.81%
• YTD: 17.79%
• 6M: 14.85%
• 1Y: 40.10%
• 3Y*: 31.10%
• 5Y*: 20.37%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQC-F.TO vs. TEC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.18%	18.41%	24.19%	52.81%	-33.42%	27.15%	45.04%	14.82%
TEC.TO TD Global Technology Leaders Index ETF	17.79%	15.45%	45.60%	53.28%	-32.19%	25.46%	47.54%	12.64%

Correlation

The correlation between QQC-F.TO and TEC.TO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 10, 2019	0.92

The correlation between QQC-F.TO and TEC.TO has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

QQC-F.TO vs. TEC.TO - Sectors Allocation Comparison

Sectors	QQC-F.TO	TEC.TO
Technology	53.8%	64.4%
Communication Services	15.8%	17.7%
Consumer Cyclical	12.3%	11.8%
Consumer Defensive	7.7%	-
Healthcare	4.2%	0.7%
Industrials	2.8%	1.2%
Utilities	1.4%	-
Basic Materials	1.1%	-
Energy	0.6%	-
Financial Services	0.2%	3.6%
Real Estate	0.1%	0.5%

Return for Risk

QQC-F.TO vs. TEC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQC-F.TO

QQC-F.TO Risk / Return Rank: 66
QQC-F.TO Sharpe Ratio Rank: 73
QQC-F.TO Sortino Ratio Rank: 70
QQC-F.TO Omega Ratio Rank: 68
QQC-F.TO Calmar Ratio Rank: 58
QQC-F.TO Martin Ratio Rank: 60

TEC.TO

TEC.TO Risk / Return Rank: 60
TEC.TO Sharpe Ratio Rank: 75
TEC.TO Sortino Ratio Rank: 69
TEC.TO Omega Ratio Rank: 69
TEC.TO Calmar Ratio Rank: 47
TEC.TO Martin Ratio Rank: 43

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.

QQC-F.TO vs. TEC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.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.

	QQC-F.TO	TEC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.39	-0.05
Sortino ratio: Return per unit of downside risk	3.14	3.08	+0.06
Omega ratio: Gain probability vs. loss probability	1.40	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	2.83	2.30	+0.53
Martin ratio: Return relative to average drawdown	10.53	6.83	+3.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQC-F.TO vs. TEC.TO - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.35, which is comparable to the TEC.TO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of QQC-F.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.

Sharpe Ratios by Period

	QQC-F.TO	TEC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.39	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.92	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.97	-0.05

Drawdowns

QQC-F.TO vs. TEC.TO - Drawdown Comparison

The maximum QQC-F.TO drawdown since its inception was -36.03%, roughly equal to the maximum TEC.TO drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and TEC.TO.

Drawdown Indicators

	QQC-F.TO	TEC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-35.31%	-0.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-17.52%	+4.36%
Max Drawdown (3Y) Largest decline over 3 years	-22.76%	-25.01%	+2.25%
Max Drawdown (5Y) Largest decline over 5 years	-36.03%	-35.31%	-0.72%
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	—	—
Current Drawdown Current decline from peak	-0.73%	-0.84%	+0.11%
Average Drawdown Average peak-to-trough decline	-5.50%	-8.04%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	5.89%	-2.36%

Volatility

QQC-F.TO vs. TEC.TO - Volatility Comparison

The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) is 4.48%, while TD Global Technology Leaders Index ETF (TEC.TO) has a volatility of 4.75%. This indicates that QQC-F.TO experiences smaller price fluctuations and is considered to be less risky than TEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC-F.TO	TEC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.75%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	12.08%	12.86%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	16.84%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.44%	22.32%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	23.78%	-1.24%

QQC-F.TO vs. TEC.TO - Expense Ratio Comparison

QQC-F.TO has a 0.20% expense ratio, which is lower than TEC.TO's 0.39% expense ratio.

Dividends

QQC-F.TO vs. TEC.TO - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.00%	0.09%	0.50%	0.57%	0.89%	0.66%	0.49%	0.64%	0.77%	0.66%	0.81%	0.76%
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

Can I hold both QQC-F.TO and TEC.TO in my portfolio?

QQC-F.TO and TEC.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQC-F.TO or TEC.TO?

On fees, QQC-F.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQC-F.TO or TEC.TO?

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.39% for TEC.TO.

What is the main difference between QQC-F.TO and TEC.TO?

QQC-F.TO is categorized as Nasdaq-100, while TEC.TO is Technology Equities. QQC-F.TO tracks NASDAQ-100 Index, while TEC.TO tracks Solactive Global Technology Leaders Index (CA NTR). They also come from different issuers: Invesco and TD. Their fees differ too: 0.20% for QQC-F.TO and 0.39% for TEC.TO.