TEC.TO vs. QQC-F.TO

Last updated Jun 5, 2026

TEC.TO (TD Global Technology Leaders Index ETF) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, TEC.TO returned 20.37%/yr vs 16.21%/yr for QQC-F.TO. Their correlation of 0.92 suggests significant overlap in exposure. TEC.TO charges 0.39%/yr vs 0.20%/yr for QQC-F.TO.

Performance

TEC.TO vs. QQC-F.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 Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.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 17.79% return, which is significantly lower than QQC-F.TO's 19.18% return.

TEC.TO

• 1D: -0.14%
• 1M: 10.81%
• YTD: 17.79%
• 6M: 14.85%
• 1Y: 40.10%
• 3Y*: 31.10%
• 5Y*: 20.37%
• 10Y*: —

QQC-F.TO

• 1D: -0.50%
• 1M: 8.60%
• YTD: 19.18%
• 6M: 17.61%
• 1Y: 37.09%
• 3Y*: 26.30%
• 5Y*: 16.21%
• 10Y*: 20.19%

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

TEC.TO vs. QQC-F.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TEC.TO TD Global Technology Leaders Index ETF	17.79%	15.45%	45.60%	53.28%	-32.19%	25.46%	47.54%	12.64%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.18%	18.41%	24.19%	52.81%	-33.42%	27.15%	45.04%	14.82%

Correlation

The correlation between TEC.TO and QQC-F.TO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 10, 2019	0.92

The correlation between TEC.TO and QQC-F.TO has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

TEC.TO vs. QQC-F.TO - Sectors Allocation Comparison

Sectors	TEC.TO	QQC-F.TO
Technology	64.4%	53.8%
Communication Services	17.7%	15.8%
Consumer Cyclical	11.8%	12.3%
Financial Services	3.6%	0.2%
Industrials	1.2%	2.8%
Healthcare	0.7%	4.2%
Real Estate	0.5%	0.1%
Basic Materials	-	1.1%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Utilities	-	1.4%

Return for Risk

TEC.TO vs. QQC-F.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: 60
TEC.TO Sharpe Ratio Rank: 75
TEC.TO Sortino Ratio Rank: 69
TEC.TO Omega Ratio Rank: 69
TEC.TO Calmar Ratio Rank: 47
TEC.TO Martin Ratio Rank: 43

QQC-F.TO

QQC-F.TO Risk / Return Rank: 66
QQC-F.TO Sharpe Ratio Rank: 73
QQC-F.TO Sortino Ratio Rank: 70
QQC-F.TO Omega Ratio Rank: 68
QQC-F.TO Calmar Ratio Rank: 58
QQC-F.TO Martin Ratio Rank: 60

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. QQC-F.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 Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.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	QQC-F.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.35	+0.05
Sortino ratio: Return per unit of downside risk	3.08	3.14	-0.06
Omega ratio: Gain probability vs. loss probability	1.41	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	2.30	2.83	-0.53
Martin ratio: Return relative to average drawdown	6.83	10.53	-3.70
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. QQC-F.TO - Sharpe Ratio Comparison

The current TEC.TO Sharpe Ratio is 2.39, which is comparable to the QQC-F.TO Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of TEC.TO and QQC-F.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	QQC-F.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	2.35	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.73	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.92	+0.05

Drawdowns

TEC.TO vs. QQC-F.TO - Drawdown Comparison

The maximum TEC.TO drawdown since its inception was -35.31%, roughly equal to the maximum QQC-F.TO drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for TEC.TO and QQC-F.TO.

Drawdown Indicators

	TEC.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	-36.03%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-13.16%	-4.36%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-22.76%	-2.25%
Max Drawdown (5Y) Largest decline over 5 years	-35.31%	-36.03%	+0.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.03%	—
Current Drawdown Current decline from peak	-0.84%	-0.73%	-0.11%
Average Drawdown Average peak-to-trough decline	-8.04%	-5.50%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.89%	3.53%	+2.36%

Volatility

TEC.TO vs. QQC-F.TO - Volatility Comparison

TD Global Technology Leaders Index ETF (TEC.TO) has a higher volatility of 4.75% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) at 4.48%. This indicates that TEC.TO's price experiences larger fluctuations and is considered to be riskier than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	4.48%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	12.86%	12.08%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	16.84%	15.89%	+0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.32%	22.44%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.78%	22.54%	+1.24%

TEC.TO vs. QQC-F.TO - Expense Ratio Comparison

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

Dividends

TEC.TO vs. QQC-F.TO - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.00%	0.09%	0.50%	0.57%	0.89%	0.66%	0.49%	0.64%	0.77%	0.66%	0.81%	0.76%
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 QQC-F.TO in my portfolio?

TEC.TO and QQC-F.TO have a correlation of 0.89, 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 QQC-F.TO?

On fees, QQC-F.TO 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 QQC-F.TO?

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.39% for TEC.TO.

What is the main difference between TEC.TO and QQC-F.TO?

TEC.TO is categorized as Technology Equities, while QQC-F.TO is Nasdaq-100. TEC.TO tracks Solactive Global Technology Leaders Index (CA NTR), while QQC-F.TO tracks NASDAQ-100 Index. They also come from different issuers: TD and Invesco. Their fees differ too: 0.39% for TEC.TO and 0.20% for QQC-F.TO.