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 20.41%/yr vs 28.07%/yr for ^SPLRCT. Their correlation of 0.90 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 17.96% return, which is significantly lower than ^SPLRCT's 28.86% return.
TEC.TO
- 1D
- -0.70%
- 1M
- 12.30%
- YTD
- 17.96%
- 6M
- 15.29%
- 1Y
- 40.60%
- 3Y*
- 31.18%
- 5Y*
- 20.41%
- 10Y*
- —
^SPLRCT
- 1D
- 1.23%
- 1M
- 20.27%
- YTD
- 28.86%
- 6M
- 25.78%
- 1Y
- 58.14%
- 3Y*
- 36.41%
- 5Y*
- 28.07%
- 10Y*
- 26.73%
TEC.TO vs. ^SPLRCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TEC.TO TD Global Technology Leaders Index ETF | 17.96% | 15.45% | 45.60% | 53.28% | -32.19% | 25.46% | 47.54% | 12.64% |
^SPLRCT S&P 500 Information Technology Index | 28.86% | 17.65% | 47.34% | 52.95% | -23.84% | 32.15% | 39.81% | 16.48% |
Correlation
The correlation between TEC.TO and ^SPLRCT is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 10, 2019 | 0.90 |
The correlation between TEC.TO and ^SPLRCT has been stable across timeframes, ranging from 0.84 to 0.91 - 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.
| TEC.TO | ^SPLRCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.51 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.29 | -0.96 |
| Martin ratioReturn relative to average drawdown | 6.92 | 9.03 | -2.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TEC.TO | ^SPLRCT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 3.07 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.19 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 1.11 | -0.14 |
Drawdowns
TEC.TO vs. ^SPLRCT - Drawdown Comparison
The maximum TEC.TO drawdown since its inception was -35.31%, which is greater than ^SPLRCT's maximum drawdown of -29.83%. 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% | -29.83% | -5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -17.52% | -18.52% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -25.01% | -27.63% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -35.31% | -29.83% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.83% | — |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -5.12% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 6.73% | -0.84% |
Volatility
TEC.TO vs. ^SPLRCT - Volatility Comparison
The current volatility for TD Global Technology Leaders Index ETF (TEC.TO) is 4.75%, while S&P 500 Information Technology Index (^SPLRCT) has a volatility of 5.68%. This indicates that TEC.TO experiences smaller price fluctuations and is considered to be less risky 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 | 4.75% | 5.68% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 15.51% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 19.83% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.32% | 23.70% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.78% | 23.38% | +0.40% |
Frequently Asked Questions
TEC.TO and ^SPLRCT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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