TEC.TO vs. ^SPLRCT
TEC.TO (TD Global Technology Leaders Index ETF) is Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while ^SPLRCT (S&P 500 Information Technology Index) is an index. Over the past 5 years, TEC.TO returned 17.88%/yr vs 27.20%/yr for ^SPLRCT. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
TEC.TO vs. ^SPLRCT - Performance Comparison
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Different Trading Currencies
TEC.TO is traded in CAD, while ^SPLRCT is traded in USD. To make them comparable, the ^SPLRCT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TEC.TO achieves a 12.98% return, which is significantly lower than ^SPLRCT's 27.19% return.
TEC.TO
- 1D
- -0.42%
- 1M
- -1.85%
- YTD
- 12.98%
- 6M
- 11.99%
- 1Y
- 30.52%
- 3Y*
- 29.29%
- 5Y*
- 17.88%
- 10Y*
- —
^SPLRCT
- 1D
- -1.48%
- 1M
- 7.03%
- YTD
- 27.19%
- 6M
- 25.57%
- 1Y
- 49.58%
- 3Y*
- 35.66%
- 5Y*
- 27.20%
- 10Y*
- 26.38%
TEC.TO vs. ^SPLRCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TEC.TO TD Global Technology Leaders Index ETF | 12.98% | 15.45% | 45.60% | 53.28% | -32.20% | 25.46% | 47.54% | 12.79% |
^SPLRCT S&P 500 Information Technology Index | 27.19% | 17.68% | 47.18% | 52.67% | -24.40% | 33.29% | 38.84% | 16.51% |
Correlation
The correlation between TEC.TO and ^SPLRCT is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.84 |
The correlation between TEC.TO and ^SPLRCT has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
TEC.TO vs. ^SPLRCT — Risk / Return Rank
TEC.TO
^SPLRCT
TEC.TO vs. ^SPLRCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Global Technology Leaders Index ETF (TEC.TO) and S&P 500 Information Technology Index (^SPLRCT). 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.
| TEC.TO | ^SPLRCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 3.01 | -1.26 |
| Martin ratioReturn relative to average drawdown | 5.12 | 8.37 | -3.24 |
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Drawdowns
TEC.TO vs. ^SPLRCT - Drawdown Comparison
The maximum TEC.TO drawdown since its inception was -35.31%, smaller than the maximum ^SPLRCT drawdown of -43.76%. Use the drawdown chart below to compare losses from any high point for TEC.TO and ^SPLRCT.
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Drawdown Indicators
| TEC.TO | ^SPLRCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.31% | -43.76% | +8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -17.52% | -18.64% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -25.01% | -27.55% | +2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -35.31% | -30.39% | -4.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.39% | — |
Current DrawdownCurrent decline from peak | -4.89% | -1.48% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -9.27% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.97% | 6.70% | -0.73% |
Volatility
TEC.TO vs. ^SPLRCT - Volatility Comparison
TD Global Technology Leaders Index ETF (TEC.TO) has a higher volatility of 7.98% compared to S&P 500 Information Technology Index (^SPLRCT) at 6.21%. This indicates that TEC.TO's price experiences larger fluctuations and is considered to be riskier than ^SPLRCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEC.TO | ^SPLRCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 6.21% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 15.93% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.22% | 20.16% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 25.96% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.84% | 25.76% | -1.92% |
Frequently Asked Questions
TEC.TO and ^SPLRCT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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