SPMO vs. TEC.TO

Last updated Jun 14, 2026

SPMO (Invesco S&P 500 Momentum ETF) and TEC.TO (TD Global Technology Leaders Index ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum 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, SPMO returned 23.50%/yr vs 15.37%/yr for TEC.TO. A 0.69 correlation means they provide meaningful diversification when combined. SPMO charges 0.13%/yr vs 0.39%/yr for TEC.TO.

Performance

SPMO vs. TEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Momentum ETF (SPMO) and TD Global Technology Leaders Index ETF (TEC.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPMO is traded in USD, while TEC.TO is traded in CAD. To make them comparable, the TEC.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPMO achieves a 28.15% return, which is significantly higher than TEC.TO's 10.53% return.

SPMO

• 1D: 1.26%
• 1M: 6.27%
• YTD: 28.15%
• 6M: 28.70%
• 1Y: 44.90%
• 3Y*: 41.53%
• 5Y*: 23.50%
• 10Y*: 20.86%

TEC.TO

• 1D: 0.20%
• 1M: -2.32%
• YTD: 10.53%
• 6M: 11.61%
• 1Y: 31.73%
• 3Y*: 26.66%
• 5Y*: 15.37%
• 10Y*: —

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

SPMO vs. TEC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPMO Invesco S&P 500 Momentum ETF	28.15%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	8.59%
TEC.TO TD Global Technology Leaders Index ETF	10.53%	20.97%	34.24%	57.02%	-36.24%	25.52%	51.13%	16.34%

Correlation

The correlation between SPMO and TEC.TO is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since May 9, 2019	0.69

The correlation between SPMO and TEC.TO has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

SPMO vs. TEC.TO - Sectors Allocation Comparison

Sectors	SPMO	TEC.TO
Technology	54.9%	64.4%
Industrials	11.1%	1.2%
Communication Services	8.2%	17.7%
Healthcare	6.4%	0.7%
Financial Services	5.9%	3.6%
Consumer Defensive	4.1%	-
Energy	3.1%	-
Utilities	2.5%	-
Basic Materials	1.5%	-
Consumer Cyclical	1.2%	11.8%
Real Estate	1.0%	0.5%

Return for Risk

SPMO vs. TEC.TO — Risk / Return Rank

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

SPMO

SPMO Risk / Return Rank: 79
SPMO Sharpe Ratio Rank: 81
SPMO Sortino Ratio Rank: 78
SPMO Omega Ratio Rank: 80
SPMO Calmar Ratio Rank: 77
SPMO Martin Ratio Rank: 78

TEC.TO

TEC.TO Risk / Return Rank: 54
TEC.TO Sharpe Ratio Rank: 66
TEC.TO Sortino Ratio Rank: 59
TEC.TO Omega Ratio Rank: 62
TEC.TO Calmar Ratio Rank: 43
TEC.TO Martin Ratio Rank: 40

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) 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.

	SPMO	TEC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.64	+0.60
Sortino ratio: Return per unit of downside risk	2.98	2.16	+0.82
Omega ratio: Gain probability vs. loss probability	1.41	1.29	+0.12
Calmar ratio: Return relative to maximum drawdown	3.44	1.77	+1.67
Martin ratio: Return relative to average drawdown	13.01	5.75	+7.26

SPMO vs. TEC.TO - Sharpe Ratio Comparison

The current SPMO Sharpe Ratio is 2.24, which is higher than the TEC.TO Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of SPMO 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.

Drawdowns

SPMO vs. TEC.TO - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum TEC.TO drawdown of -40.52%. Use the drawdown chart below to compare losses from any high point for SPMO and TEC.TO.

Drawdown Indicators

	SPMO	TEC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.95%	-40.52%	+9.57%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	-17.18%	+4.48%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-24.68%	+4.55%
Max Drawdown (5Y) Largest decline over 5 years	-22.74%	-40.52%	+17.78%
Max Drawdown (10Y) Largest decline over 10 years	-30.95%	—	—
Current Drawdown Current decline from peak	-1.68%	-6.11%	+4.43%
Average Drawdown Average peak-to-trough decline	-4.60%	-9.14%	+4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	5.28%	-1.93%

Volatility

SPMO vs. TEC.TO - Volatility Comparison

Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 10.29% compared to TD Global Technology Leaders Index ETF (TEC.TO) at 7.22%. This indicates that SPMO'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.

Volatility by Period

	SPMO	TEC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.29%	7.22%	+3.07%
Volatility (6M) Calculated over the trailing 6-month period	16.73%	14.58%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	19.48%	18.55%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	23.19%	-3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.48%	24.42%	-3.94%

SPMO vs. TEC.TO - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is lower than TEC.TO's 0.39% expense ratio.

Dividends

SPMO vs. TEC.TO - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.67%, more than TEC.TO's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPMO Invesco S&P 500 Momentum ETF	0.67%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%
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 SPMO and TEC.TO in my portfolio?

SPMO and TEC.TO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPMO or TEC.TO?

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPMO or TEC.TO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.39% for TEC.TO.

What is the main difference between SPMO and TEC.TO?

SPMO is categorized as Momentum, while TEC.TO is Technology Equities. SPMO tracks S&P 500 Momentum 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: 0.13% for SPMO and 0.39% for TEC.TO.