TEC.TO vs. CHPS-U.TO

Last updated Jun 4, 2026

TEC.TO (TD Global Technology Leaders Index ETF) and CHPS-U.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while CHPS-U.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. Both are passively managed. Over the past 3 years, TEC.TO returned 31.18%/yr vs 50.72%/yr for CHPS-U.TO. At a 0.20 correlation, their price movements are largely independent. TEC.TO charges 0.39%/yr vs 0.63%/yr for CHPS-U.TO.

Performance

TEC.TO vs. CHPS-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Global Technology Leaders Index ETF (TEC.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TEC.TO is traded in CAD, while CHPS-U.TO is traded in USD. To make them comparable, the CHPS-U.TO 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 CHPS-U.TO's 62.44% 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*: —

CHPS-U.TO

• 1D: 0.00%
• 1M: 26.43%
• YTD: 62.44%
• 6M: 58.58%
• 1Y: 135.37%
• 3Y*: 50.72%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TEC.TO vs. CHPS-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TEC.TO TD Global Technology Leaders Index ETF	17.96%	15.45%	45.60%	53.28%	-32.19%	16.54%
CHPS-U.TO Global X Artificial Intelligence Semiconductor Index ETF	64.94%	44.87%	21.17%	71.89%	-39.05%	-0.40%

Correlation

The correlation between TEC.TO and CHPS-U.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021	0.20

Return for Risk

TEC.TO vs. CHPS-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEC.TO

TEC.TO Risk / Return Rank: 58
TEC.TO Sharpe Ratio Rank: 72
TEC.TO Sortino Ratio Rank: 66
TEC.TO Omega Ratio Rank: 66
TEC.TO Calmar Ratio Rank: 46
TEC.TO Martin Ratio Rank: 42

CHPS-U.TO

CHPS-U.TO Risk / Return Rank: 94
CHPS-U.TO Sharpe Ratio Rank: 95
CHPS-U.TO Sortino Ratio Rank: 91
CHPS-U.TO Omega Ratio Rank: 91
CHPS-U.TO Calmar Ratio Rank: 97
CHPS-U.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEC.TO vs. CHPS-U.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 Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.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.

	TEC.TO	CHPS-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.42	3.91	-1.49
Sortino ratio: Return per unit of downside risk	3.11	4.34	-1.23
Omega ratio: Gain probability vs. loss probability	1.41	1.60	-0.19
Calmar ratio: Return relative to maximum drawdown	2.33	9.95	-7.63
Martin ratio: Return relative to average drawdown	6.92	32.16	-25.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEC.TO vs. CHPS-U.TO - Sharpe Ratio Comparison

The current TEC.TO Sharpe Ratio is 2.42, which is lower than the CHPS-U.TO Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of TEC.TO and CHPS-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TEC.TO	CHPS-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	3.91	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.64	+0.33

Drawdowns

TEC.TO vs. CHPS-U.TO - Drawdown Comparison

The maximum TEC.TO drawdown since its inception was -35.31%, smaller than the maximum CHPS-U.TO drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for TEC.TO and CHPS-U.TO.

Drawdown Indicators

	TEC.TO	CHPS-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	-48.89%	+13.58%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-13.68%	-3.84%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-36.00%	+10.99%
Max Drawdown (5Y) Largest decline over 5 years	-35.31%	—	—
Current Drawdown Current decline from peak	-0.70%	0.00%	-0.70%
Average Drawdown Average peak-to-trough decline	-8.04%	-15.05%	+7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.89%	4.23%	+1.66%

Volatility

TEC.TO vs. CHPS-U.TO - Volatility Comparison

The current volatility for TD Global Technology Leaders Index ETF (TEC.TO) is 4.75%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.TO) has a volatility of 11.05%. This indicates that TEC.TO experiences smaller price fluctuations and is considered to be less risky than CHPS-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC.TO	CHPS-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	11.05%	-6.30%
Volatility (6M) Calculated over the trailing 6-month period	12.86%	27.21%	-14.35%
Volatility (1Y) Calculated over the trailing 1-year period	16.86%	34.86%	-18.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.32%	38.67%	-16.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.78%	38.67%	-14.89%

TEC.TO vs. CHPS-U.TO - Expense Ratio Comparison

TEC.TO has a 0.39% expense ratio, which is lower than CHPS-U.TO's 0.63% expense ratio.

Dividends

TEC.TO vs. CHPS-U.TO - Dividend Comparison

TEC.TO's dividend yield for the trailing twelve months is around 0.10%, while CHPS-U.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CHPS-U.TO Global X Artificial Intelligence Semiconductor Index ETF	0.00%	0.01%	0.14%	0.40%	0.72%	0.01%	0.00%	0.00%
TEC.TO TD Global Technology Leaders Index ETF	0.10%	0.13%	0.12%	0.21%	0.31%	0.22%	0.33%	0.28%

Frequently Asked Questions

Can I hold both TEC.TO and CHPS-U.TO in my portfolio?

TEC.TO and CHPS-U.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEC.TO or CHPS-U.TO?

On fees, TEC.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEC.TO or CHPS-U.TO?

TEC.TO is cheaper with a 0.39% expense ratio, compared with 0.63% for CHPS-U.TO.

What is the main difference between TEC.TO and CHPS-U.TO?

TEC.TO is categorized as Technology Equities, while CHPS-U.TO is Semiconductors. TEC.TO tracks Solactive Global Technology Leaders Index (CA NTR), while CHPS-U.TO tracks PHLX US AI Semiconductor Index. They also come from different issuers: TD and Global X. Their fees differ too: 0.39% for TEC.TO and 0.63% for CHPS-U.TO.