TEC.TO vs. EDGE.TO

Last updated Jun 4, 2026

TEC.TO (TD Global Technology Leaders Index ETF) and EDGE.TO (Evolve Innovation Index Fund) are both exchange-traded funds - TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while EDGE.TO is a fund fund. Over the past 5 years, TEC.TO returned 20.41%/yr vs 6.87%/yr for EDGE.TO. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

TEC.TO vs. EDGE.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 Evolve Innovation Index Fund (EDGE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEC.TO achieves a 17.96% return, which is significantly lower than EDGE.TO's 22.70% 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*: —

EDGE.TO

• 1D: -0.89%
• 1M: 16.16%
• YTD: 22.70%
• 6M: 19.40%
• 1Y: 32.23%
• 3Y*: 20.40%
• 5Y*: 6.87%
• 10Y*: —

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

TEC.TO vs. EDGE.TO - 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%
EDGE.TO Evolve Innovation Index Fund	22.70%	11.95%	17.11%	25.65%	-33.70%	12.49%	55.36%	9.23%

Correlation

The correlation between TEC.TO and EDGE.TO is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 10, 2019	0.60

The correlation between TEC.TO and EDGE.TO has been stable across timeframes, ranging from 0.51 to 0.61 - a consistent structural relationship.

TEC.TO vs. EDGE.TO - Sectors Allocation Comparison

Sectors	TEC.TO	EDGE.TO
Technology	64.4%	54.3%
Communication Services	17.7%	18.2%
Consumer Cyclical	11.8%	6.6%
Financial Services	3.6%	5.2%
Industrials	1.2%	4.7%
Healthcare	0.7%	9.4%
Real Estate	0.5%	0.1%
Basic Materials	-	1.2%
Consumer Defensive	-	-
Energy	-	-
Utilities	-	0.3%

Return for Risk

TEC.TO vs. EDGE.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

EDGE.TO

EDGE.TO Risk / Return Rank: 43
EDGE.TO Sharpe Ratio Rank: 50
EDGE.TO Sortino Ratio Rank: 48
EDGE.TO Omega Ratio Rank: 49
EDGE.TO Calmar Ratio Rank: 36
EDGE.TO Martin Ratio Rank: 30

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. EDGE.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 Evolve Innovation Index Fund (EDGE.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	EDGE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.73	+0.69
Sortino ratio: Return per unit of downside risk	3.11	2.40	+0.71
Omega ratio: Gain probability vs. loss probability	1.41	1.31	+0.10
Calmar ratio: Return relative to maximum drawdown	2.33	1.76	+0.57
Martin ratio: Return relative to average drawdown	6.92	4.33	+2.59
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. EDGE.TO - Sharpe Ratio Comparison

The current TEC.TO Sharpe Ratio is 2.42, which is higher than the EDGE.TO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of TEC.TO and EDGE.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	EDGE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	1.73	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.31	+0.61
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.56	+0.41

Drawdowns

TEC.TO vs. EDGE.TO - Drawdown Comparison

The maximum TEC.TO drawdown since its inception was -35.31%, smaller than the maximum EDGE.TO drawdown of -39.85%. Use the drawdown chart below to compare losses from any high point for TEC.TO and EDGE.TO.

Drawdown Indicators

	TEC.TO	EDGE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	-39.85%	+4.54%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-18.43%	+0.91%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-21.92%	-3.09%
Max Drawdown (5Y) Largest decline over 5 years	-35.31%	-39.85%	+4.54%
Current Drawdown Current decline from peak	-0.70%	-0.89%	+0.19%
Average Drawdown Average peak-to-trough decline	-8.04%	-12.97%	+4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.89%	7.46%	-1.57%

Volatility

TEC.TO vs. EDGE.TO - Volatility Comparison

The current volatility for TD Global Technology Leaders Index ETF (TEC.TO) is 4.75%, while Evolve Innovation Index Fund (EDGE.TO) has a volatility of 7.05%. This indicates that TEC.TO experiences smaller price fluctuations and is considered to be less risky than EDGE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC.TO	EDGE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	7.05%	-2.30%
Volatility (6M) Calculated over the trailing 6-month period	12.86%	15.28%	-2.42%
Volatility (1Y) Calculated over the trailing 1-year period	16.86%	18.74%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.32%	22.37%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.78%	23.57%	+0.21%

Dividends

TEC.TO vs. EDGE.TO - Dividend Comparison

TEC.TO's dividend yield for the trailing twelve months is around 0.10%, less than EDGE.TO's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EDGE.TO Evolve Innovation Index Fund	0.35%	0.36%	0.53%	0.06%	0.08%	0.08%	0.06%	0.09%	0.09%
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%

Frequently Asked Questions

Can I hold both TEC.TO and EDGE.TO in my portfolio?

TEC.TO and EDGE.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.