TCSH.TO vs. TECI.TO
TCSH.TO (TD Cash Management ETF) and TECI.TO (TD Global Technology Innovators Index ETF) are both exchange-traded funds - TCSH.TO is a Ultrashort Bond fund actively managed by TD, while TECI.TO is a Technology Equities fund tracking the Solactive Global Technology Innovators Index (CA NTR). TCSH.TO is actively managed, while TECI.TO is passively managed. Over the past year, TCSH.TO returned 2.64% vs 62.67% for TECI.TO. At a 0.08 correlation, their price movements are largely independent. TCSH.TO charges 0.16%/yr vs 0.50%/yr for TECI.TO.
Performance
TCSH.TO vs. TECI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TCSH.TO achieves a 1.14% return, which is significantly lower than TECI.TO's 42.32% return.
TCSH.TO
- 1D
- 0.01%
- 1M
- 0.19%
- 6M
- 1.20%
- YTD
- 1.14%
- 1Y
- 2.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECI.TO
- 1D
- 0.69%
- 1M
- -1.17%
- 6M
- 33.89%
- YTD
- 42.32%
- 1Y
- 62.67%
- 3Y*
- 32.29%
- 5Y*
- —
- 10Y*
- —
TCSH.TO vs. TECI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TCSH.TO TD Cash Management ETF | 1.14% | 3.09% | 4.22% |
TECI.TO TD Global Technology Innovators Index ETF | 42.32% | 21.96% | 21.83% |
Correlation
The correlation between TCSH.TO and TECI.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024 | 0.08 |
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Return for Risk
TCSH.TO vs. TECI.TO — Risk / Return Rank
TCSH.TO
TECI.TO
TCSH.TO vs. TECI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Cash Management ETF (TCSH.TO) and TD Global Technology Innovators Index ETF (TECI.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.
| TCSH.TO | TECI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.81 | ||
| Sortino ratioReturn per unit of downside risk | +8.62 | ||
| Omega ratioGain probability vs. loss probability | 3.00 | 1.35 | +1.65 |
| Calmar ratioReturn relative to maximum drawdown | 26.51 | 5.28 | +21.23 |
| Martin ratioReturn relative to average drawdown | 110.39 | 14.50 | +95.89 |
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Drawdowns
TCSH.TO vs. TECI.TO - Drawdown Comparison
The maximum TCSH.TO drawdown since its inception was -0.54%, smaller than the maximum TECI.TO drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for TCSH.TO and TECI.TO.
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Drawdown Indicators
| TCSH.TO | TECI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.54% | -55.35% | +54.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -11.92% | +11.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.77% | — |
Current DrawdownCurrent decline from peak | -0.00% | -7.71% | +7.71% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -22.91% | +22.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 4.34% | -4.32% |
Volatility
TCSH.TO vs. TECI.TO - Volatility Comparison
The current volatility for TD Cash Management ETF (TCSH.TO) is 0.08%, while TD Global Technology Innovators Index ETF (TECI.TO) has a volatility of 13.16%. This indicates that TCSH.TO experiences smaller price fluctuations and is considered to be less risky than TECI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCSH.TO | TECI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 13.16% | -13.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.26% | 25.10% | -24.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.44% | 29.01% | -28.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 30.02% | -29.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 30.02% | -29.34% |
TCSH.TO vs. TECI.TO - Expense Ratio Comparison
TCSH.TO has a 0.16% expense ratio, which is lower than TECI.TO's 0.50% expense ratio.
Dividends
TCSH.TO vs. TECI.TO - Dividend Comparison
TCSH.TO's dividend yield for the trailing twelve months is around 2.60%, more than TECI.TO's 0.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TCSH.TO TD Cash Management ETF | 2.60% | 3.03% | 4.21% | 0.00% | 0.00% |
TECI.TO TD Global Technology Innovators Index ETF | 0.07% | 0.10% | 0.43% | 0.55% | 0.77% |
Frequently Asked Questions
TCSH.TO and TECI.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCSH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCSH.TO is cheaper with a 0.16% expense ratio, compared with 0.50% for TECI.TO.
TCSH.TO is categorized as Ultrashort Bond, while TECI.TO is Technology Equities. Their fees differ too: 0.16% for TCSH.TO and 0.50% for TECI.TO.
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