TEC.TO vs. IBKR

Last updated Jun 14, 2026

TEC.TO (TD Global Technology Leaders Index ETF) is Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while IBKR (Interactive Brokers Group, Inc.) is a stock. Over the past 5 years, TEC.TO returned 18.75%/yr vs 45.79%/yr for IBKR. At a 0.39 correlation, their price movements are largely independent.

Performance

TEC.TO vs. IBKR - 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 Interactive Brokers Group, Inc. (IBKR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TEC.TO is traded in CAD, while IBKR is traded in USD. To make them comparable, the IBKR 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 lower than IBKR's 44.37% 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*: —

IBKR

• 1D: 2.42%
• 1M: 6.38%
• YTD: 44.37%
• 6M: 43.88%
• 1Y: 85.50%
• 3Y*: 69.83%
• 5Y*: 45.79%
• 10Y*: 27.63%

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

TEC.TO vs. IBKR - 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%
IBKR Interactive Brokers Group, Inc.	44.37%	39.69%	132.59%	12.40%	-2.55%	31.05%	28.59%	-19.21%

Correlation

The correlation between TEC.TO and IBKR is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 9, 2019	0.39

The correlation between TEC.TO and IBKR shifts across timeframes, from 0.37 (3 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TEC.TO vs. IBKR — 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

IBKR

IBKR Risk / Return Rank: 88
IBKR Sharpe Ratio Rank: 90
IBKR Sortino Ratio Rank: 86
IBKR Omega Ratio Rank: 84
IBKR Calmar Ratio Rank: 90
IBKR Martin Ratio Rank: 89

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. IBKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Global Technology Leaders Index ETF (TEC.TO) and Interactive Brokers Group, Inc. (IBKR). 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	IBKR	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.19	-0.31
Sortino ratio: Return per unit of downside risk	2.43	2.79	-0.36
Omega ratio: Gain probability vs. loss probability	1.33	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	1.90	4.78	-2.87
Martin ratio: Return relative to average drawdown	5.59	11.14	-5.55

TEC.TO vs. IBKR - Sharpe Ratio Comparison

The current TEC.TO Sharpe Ratio is 1.88, which is comparable to the IBKR Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of TEC.TO and IBKR, 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. IBKR - Drawdown Comparison

The maximum TEC.TO drawdown since its inception was -35.31%, smaller than the maximum IBKR drawdown of -60.80%. Use the drawdown chart below to compare losses from any high point for TEC.TO and IBKR.

Drawdown Indicators

	TEC.TO	IBKR	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	-60.80%	+25.49%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-17.26%	-0.26%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-38.74%	+13.73%
Max Drawdown (5Y) Largest decline over 5 years	-35.31%	-38.74%	+3.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.54%	—
Current Drawdown Current decline from peak	-5.07%	0.00%	-5.07%
Average Drawdown Average peak-to-trough decline	-8.03%	-24.70%	+16.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	7.39%	-1.44%

Volatility

TEC.TO vs. IBKR - Volatility Comparison

The current volatility for TD Global Technology Leaders Index ETF (TEC.TO) is 7.15%, while Interactive Brokers Group, Inc. (IBKR) has a volatility of 11.24%. This indicates that TEC.TO experiences smaller price fluctuations and is considered to be less risky than IBKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC.TO	IBKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	11.24%	-4.09%
Volatility (6M) Calculated over the trailing 6-month period	14.11%	27.89%	-13.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	37.68%	-19.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	35.00%	-12.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	33.89%	-10.06%

Dividends

TEC.TO vs. IBKR - Dividend Comparison

TEC.TO's dividend yield for the trailing twelve months is around 0.10%, less than IBKR's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBKR Interactive Brokers Group, Inc.	0.36%	0.47%	0.48%	0.48%	0.55%	0.50%	0.66%	0.86%	0.73%	0.68%	1.10%	0.92%
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

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

TEC.TO and IBKR have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.