TEC.TO vs. LUG.TO
TEC.TO (TD Global Technology Leaders Index ETF) is Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while LUG.TO (Lundin Gold Inc.) is a stock. Over the past 5 years, TEC.TO returned 18.75%/yr vs 53.19%/yr for LUG.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
TEC.TO vs. LUG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TEC.TO achieves a 12.77% return, which is significantly higher than LUG.TO's -26.40% 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*
- —
LUG.TO
- 1D
- 1.08%
- 1M
- -4.54%
- YTD
- -26.40%
- 6M
- -24.67%
- 1Y
- 16.11%
- 3Y*
- 79.74%
- 5Y*
- 53.19%
- 10Y*
- 32.69%
TEC.TO vs. LUG.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% |
LUG.TO Lundin Gold Inc. | -26.40% | 291.22% | 91.60% | 29.55% | 30.60% | -4.67% | 31.21% | 54.26% |
Correlation
The correlation between TEC.TO and LUG.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.11 |
The correlation between TEC.TO and LUG.TO shifts across timeframes, from 0.10 (5 years) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TEC.TO vs. LUG.TO — Risk / Return Rank
TEC.TO
LUG.TO
TEC.TO vs. LUG.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 Lundin Gold Inc. (LUG.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 | LUG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.10 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 0.46 | +1.44 |
| Martin ratioReturn relative to average drawdown | 5.59 | 1.23 | +4.36 |
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Drawdowns
TEC.TO vs. LUG.TO - Drawdown Comparison
The maximum TEC.TO drawdown since its inception was -35.31%, smaller than the maximum LUG.TO drawdown of -94.74%. Use the drawdown chart below to compare losses from any high point for TEC.TO and LUG.TO.
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Drawdown Indicators
| TEC.TO | LUG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.31% | -94.74% | +59.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.52% | -37.89% | +20.37% |
Max Drawdown (3Y)Largest decline over 3 years | -25.01% | -37.89% | +12.88% |
Max Drawdown (5Y)Largest decline over 5 years | -35.31% | -37.89% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.84% | — |
Current DrawdownCurrent decline from peak | -5.07% | -34.73% | +29.66% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -67.67% | +59.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 14.24% | -8.29% |
Volatility
TEC.TO vs. LUG.TO - Volatility Comparison
The current volatility for TD Global Technology Leaders Index ETF (TEC.TO) is 7.15%, while Lundin Gold Inc. (LUG.TO) has a volatility of 17.86%. This indicates that TEC.TO experiences smaller price fluctuations and is considered to be less risky than LUG.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 | LUG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 17.86% | -10.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 42.07% | -27.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 55.97% | -38.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 46.54% | -24.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 43.40% | -19.57% |
Dividends
TEC.TO vs. LUG.TO - Dividend Comparison
TEC.TO's dividend yield for the trailing twelve months is around 0.10%, less than LUG.TO's 6.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
LUG.TO Lundin Gold Inc. | 6.79% | 3.35% | 2.69% | 3.26% | 1.97% | 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
TEC.TO and LUG.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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