TDOC.TO vs. TEC.TO
TDOC.TO (TD Global Healthcare Leaders Index ETF) and TEC.TO (TD Global Technology Leaders Index ETF) are both exchange-traded funds - TDOC.TO is a Health & Biotech Equities fund actively managed by TD, while TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR). TDOC.TO is actively managed, while TEC.TO is passively managed. Over the past 5 years, TDOC.TO returned 5.10%/yr vs 17.40%/yr for TEC.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
TDOC.TO vs. TEC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TDOC.TO achieves a 0.57% return, which is significantly lower than TEC.TO's 15.77% return.
TDOC.TO
- 1D
- 0.00%
- 1M
- 3.81%
- 6M
- -3.26%
- YTD
- 0.57%
- 1Y
- 12.75%
- 3Y*
- 6.84%
- 5Y*
- 5.10%
- 10Y*
- —
TEC.TO
- 1D
- 0.47%
- 1M
- -0.52%
- 6M
- 14.54%
- YTD
- 15.77%
- 1Y
- 29.05%
- 3Y*
- 28.19%
- 5Y*
- 17.40%
- 10Y*
- —
TDOC.TO vs. TEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 0.57% | 8.36% | 10.24% | 1.71% | -1.37% | 15.59% |
TEC.TO TD Global Technology Leaders Index ETF | 15.77% | 15.45% | 45.60% | 53.28% | -32.20% | 17.88% |
Correlation
The correlation between TDOC.TO and TEC.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.38 |
Over the past year, the correlation between TDOC.TO and TEC.TO has dropped to 0.16 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
TDOC.TO vs. TEC.TO — Risk / Return Rank
TDOC.TO
TEC.TO
TDOC.TO vs. TEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Global Healthcare Leaders Index ETF (TDOC.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.
| TDOC.TO | TEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.67 | -0.58 |
| Martin ratioReturn relative to average drawdown | 2.58 | 4.83 | -2.24 |
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Drawdowns
TDOC.TO vs. TEC.TO - Drawdown Comparison
The maximum TDOC.TO drawdown since its inception was -17.52%, smaller than the maximum TEC.TO drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for TDOC.TO and TEC.TO.
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Drawdown Indicators
| TDOC.TO | TEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.52% | -35.31% | +17.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -17.52% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -25.01% | +12.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.52% | -35.31% | +17.79% |
Current DrawdownCurrent decline from peak | -4.61% | -2.54% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -7.97% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 6.03% | -1.09% |
Volatility
TDOC.TO vs. TEC.TO - Volatility Comparison
The current volatility for TD Global Healthcare Leaders Index ETF (TDOC.TO) is 5.09%, while TD Global Technology Leaders Index ETF (TEC.TO) has a volatility of 6.15%. This indicates that TDOC.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.
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Volatility by Period
| TDOC.TO | TEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 6.15% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 15.05% | -4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 18.66% | -4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 22.61% | -9.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 23.81% | -10.88% |
Dividends
TDOC.TO vs. TEC.TO - Dividend Comparison
TDOC.TO's dividend yield for the trailing twelve months is around 1.19%, more than TEC.TO's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.19% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% | 0.00% | 0.00% |
TEC.TO TD Global Technology Leaders Index ETF | 0.08% | 0.13% | 0.12% | 0.21% | 0.31% | 0.22% | 0.33% | 0.28% |
Frequently Asked Questions
TDOC.TO and TEC.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDOC.TO is categorized as Health & Biotech Equities, while TEC.TO is Technology Equities.
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