TEC.TO vs. GDE

Last updated Jun 14, 2026

TEC.TO (TD Global Technology Leaders Index ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while GDE is a Gold fund actively managed by WisdomTree. TEC.TO is passively managed, while GDE is actively managed. Over the past 3 years, TEC.TO returned 28.56%/yr vs 44.78%/yr for GDE. At a 0.46 correlation, their price movements are largely independent. TEC.TO charges 0.39%/yr vs 0.20%/yr for GDE.

Performance

TEC.TO vs. GDE - 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 WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TEC.TO is traded in CAD, while GDE is traded in USD. To make them comparable, the GDE 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 12.77% return, which is significantly higher than GDE's 5.26% return.

TEC.TO

• 1D: 0.39%
• 1M: 0.89%
• YTD: 12.77%
• 6M: 13.20%
• 1Y: 35.38%
• 3Y*: 28.56%
• 5Y*: 18.75%
• 10Y*: —

GDE

• 1D: 0.85%
• 1M: -7.45%
• YTD: 5.26%
• 6M: 5.48%
• 1Y: 44.88%
• 3Y*: 44.78%
• 5Y*: —
• 10Y*: —

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

TEC.TO vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TEC.TO TD Global Technology Leaders Index ETF	12.77%	15.45%	45.60%	53.28%	-19.39%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	5.26%	65.83%	57.05%	30.67%	-2.35%

Correlation

The correlation between TEC.TO and GDE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	0.46

Return for Risk

TEC.TO vs. GDE — 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: 54
TEC.TO Sharpe Ratio Rank: 66
TEC.TO Sortino Ratio Rank: 59
TEC.TO Omega Ratio Rank: 62
TEC.TO Calmar Ratio Rank: 43
TEC.TO Martin Ratio Rank: 40

GDE

GDE Risk / Return Rank: 42
GDE Sharpe Ratio Rank: 45
GDE Sortino Ratio Rank: 39
GDE Omega Ratio Rank: 46
GDE Calmar Ratio Rank: 41
GDE Martin Ratio Rank: 38

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. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Global Technology Leaders Index ETF (TEC.TO) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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	GDE	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.51	+0.37
Sortino ratio: Return per unit of downside risk	2.43	1.93	+0.50
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	1.90	2.09	-0.19
Martin ratio: Return relative to average drawdown	5.59	6.21	-0.62

TEC.TO vs. GDE - Sharpe Ratio Comparison

The current TEC.TO Sharpe Ratio is 1.88, which is comparable to the GDE Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of TEC.TO and GDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TEC.TO vs. GDE - Drawdown Comparison

The maximum TEC.TO drawdown since its inception was -35.31%, which is greater than GDE's maximum drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for TEC.TO and GDE.

Drawdown Indicators

	TEC.TO	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	-25.43%	-9.88%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-21.40%	+3.88%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-21.40%	-3.61%
Max Drawdown (5Y) Largest decline over 5 years	-35.31%	—	—
Current Drawdown Current decline from peak	-5.07%	-14.19%	+9.12%
Average Drawdown Average peak-to-trough decline	-8.03%	-6.01%	-2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	7.19%	-1.24%

Volatility

TEC.TO vs. GDE - Volatility Comparison

The current volatility for TD Global Technology Leaders Index ETF (TEC.TO) is 7.15%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 10.85%. This indicates that TEC.TO experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC.TO	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	10.85%	-3.70%
Volatility (6M) Calculated over the trailing 6-month period	14.11%	25.86%	-11.75%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	29.68%	-11.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	27.69%	-5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	27.69%	-3.86%

TEC.TO vs. GDE - Expense Ratio Comparison

TEC.TO has a 0.39% expense ratio, which is higher than GDE's 0.20% expense ratio.

Dividends

TEC.TO vs. GDE - Dividend Comparison

TEC.TO's dividend yield for the trailing twelve months is around 0.10%, less than GDE's 4.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.19%	4.32%	7.14%	2.22%	0.81%	0.00%	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 GDE in my portfolio?

TEC.TO and GDE have a correlation of 0.41, 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 GDE?

On fees, GDE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEC.TO or GDE?

GDE is cheaper with a 0.20% expense ratio, compared with 0.39% for TEC.TO.

What is the main difference between TEC.TO and GDE?

TEC.TO is categorized as Technology Equities, while GDE is Gold. They also come from different issuers: TD and WisdomTree. Their fees differ too: 0.39% for TEC.TO and 0.20% for GDE.