TEC.TO vs. CCO.TO
TEC.TO (TD Global Technology Leaders Index ETF) is Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while CCO.TO (Cameco Corporation) is a stock. Over the past 5 years, TEC.TO returned 18.75%/yr vs 40.56%/yr for CCO.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
TEC.TO vs. CCO.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TEC.TO having a 12.77% return and CCO.TO slightly lower at 12.21%.
TEC.TO
- 1D
- 0.39%
- 1M
- 0.89%
- YTD
- 12.77%
- 6M
- 13.20%
- 1Y
- 35.38%
- 3Y*
- 28.56%
- 5Y*
- 18.75%
- 10Y*
- —
CCO.TO
- 1D
- 2.17%
- 1M
- -4.70%
- YTD
- 12.21%
- 6M
- 11.96%
- 1Y
- 56.08%
- 3Y*
- 49.98%
- 5Y*
- 40.56%
- 10Y*
- 26.60%
TEC.TO vs. CCO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TEC.TO TD Global Technology Leaders Index ETF | 12.77% | 15.45% | 45.60% | 53.28% | -32.20% | 25.46% | 47.54% | 12.79% |
CCO.TO Cameco Corporation | 12.21% | 70.37% | 29.62% | 86.52% | 11.71% | 62.18% | 48.65% | -16.26% |
Correlation
The correlation between TEC.TO and CCO.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.33 |
The correlation between TEC.TO and CCO.TO shifts across timeframes, from 0.33 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TEC.TO vs. CCO.TO — Risk / Return Rank
TEC.TO
CCO.TO
TEC.TO vs. CCO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Global Technology Leaders Index ETF (TEC.TO) and Cameco Corporation (CCO.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.
| TEC.TO | CCO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.12 | -0.21 |
| Martin ratioReturn relative to average drawdown | 5.59 | 5.02 | +0.57 |
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Drawdowns
TEC.TO vs. CCO.TO - Drawdown Comparison
The maximum TEC.TO drawdown since its inception was -35.31%, smaller than the maximum CCO.TO drawdown of -83.63%. Use the drawdown chart below to compare losses from any high point for TEC.TO and CCO.TO.
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Drawdown Indicators
| TEC.TO | CCO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.31% | -83.63% | +48.32% |
Max Drawdown (1Y)Largest decline over 1 year | -17.52% | -27.09% | +9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -25.01% | -39.52% | +14.51% |
Max Drawdown (5Y)Largest decline over 5 years | -35.31% | -39.52% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.84% | — |
Current DrawdownCurrent decline from peak | -5.07% | -22.37% | +17.30% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -48.40% | +40.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 11.38% | -5.43% |
Volatility
TEC.TO vs. CCO.TO - Volatility Comparison
The current volatility for TD Global Technology Leaders Index ETF (TEC.TO) is 7.15%, while Cameco Corporation (CCO.TO) has a volatility of 17.67%. This indicates that TEC.TO experiences smaller price fluctuations and is considered to be less risky than CCO.TO 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 | CCO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 17.67% | -10.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 38.63% | -24.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 53.97% | -36.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 48.05% | -25.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 45.10% | -21.27% |
Dividends
TEC.TO vs. CCO.TO - Dividend Comparison
TEC.TO's dividend yield for the trailing twelve months is around 0.10%, less than CCO.TO's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCO.TO Cameco Corporation | 0.17% | 0.19% | 0.22% | 0.21% | 0.39% | 0.29% | 0.47% | 0.69% | 0.52% | 3.45% | 2.85% | 2.34% |
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
TEC.TO and CCO.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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