TEC.TO vs. SPMO

Last updated Jun 14, 2026

TEC.TO (TD Global Technology Leaders Index ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, TEC.TO returned 18.75%/yr vs 27.12%/yr for SPMO. A 0.68 correlation means they provide meaningful diversification when combined. TEC.TO charges 0.39%/yr vs 0.13%/yr for SPMO.

Performance

TEC.TO vs. SPMO - 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 S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TEC.TO is traded in CAD, while SPMO is traded in USD. To make them comparable, the SPMO 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 SPMO's 30.75% 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*: —

SPMO

• 1D: 1.45%
• 1M: 8.20%
• YTD: 30.75%
• 6M: 30.54%
• 1Y: 48.91%
• 3Y*: 43.65%
• 5Y*: 27.12%
• 10Y*: 21.90%

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

TEC.TO vs. SPMO - 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%
SPMO Invesco S&P 500 Momentum ETF	30.75%	20.80%	58.16%	14.76%	-4.78%	22.58%	25.21%	5.29%

Correlation

The correlation between TEC.TO and SPMO is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 9, 2019	0.68

The correlation between TEC.TO and SPMO has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

TEC.TO vs. SPMO - Sectors Allocation Comparison

Sectors	TEC.TO	SPMO
Technology	64.4%	54.9%
Communication Services	17.7%	8.2%
Consumer Cyclical	11.8%	1.2%
Financial Services	3.6%	5.9%
Industrials	1.2%	11.1%
Healthcare	0.7%	6.4%
Real Estate	0.5%	1.0%
Basic Materials	-	1.5%
Consumer Defensive	-	4.1%
Energy	-	3.1%
Utilities	-	2.5%

Return for Risk

TEC.TO vs. SPMO — 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

SPMO

SPMO Risk / Return Rank: 79
SPMO Sharpe Ratio Rank: 81
SPMO Sortino Ratio Rank: 78
SPMO Omega Ratio Rank: 80
SPMO Calmar Ratio Rank: 77
SPMO Martin Ratio Rank: 78

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. SPMO - 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 S&P 500 Momentum ETF (SPMO). 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	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.38	-0.50
Sortino ratio: Return per unit of downside risk	2.43	3.17	-0.74
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	1.90	3.62	-1.72
Martin ratio: Return relative to average drawdown	5.59	12.11	-6.51

TEC.TO vs. SPMO - Sharpe Ratio Comparison

The current TEC.TO Sharpe Ratio is 1.88, which is comparable to the SPMO Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of TEC.TO and SPMO, 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. SPMO - Drawdown Comparison

The maximum TEC.TO drawdown since its inception was -35.31%, which is greater than SPMO's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for TEC.TO and SPMO.

Drawdown Indicators

	TEC.TO	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	-26.80%	-8.51%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-12.95%	-4.57%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-21.35%	-3.66%
Max Drawdown (5Y) Largest decline over 5 years	-35.31%	-21.43%	-13.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.80%	—
Current Drawdown Current decline from peak	-5.07%	-0.77%	-4.30%
Average Drawdown Average peak-to-trough decline	-8.03%	-4.16%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	3.87%	+2.08%

Volatility

TEC.TO vs. SPMO - Volatility Comparison

The current volatility for TD Global Technology Leaders Index ETF (TEC.TO) is 7.15%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 10.31%. This indicates that TEC.TO experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC.TO	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	10.31%	-3.16%
Volatility (6M) Calculated over the trailing 6-month period	14.11%	16.96%	-2.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	19.72%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	20.54%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	21.56%	+2.27%

TEC.TO vs. SPMO - Expense Ratio Comparison

TEC.TO has a 0.39% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

TEC.TO vs. SPMO - Dividend Comparison

TEC.TO's dividend yield for the trailing twelve months is around 0.10%, less than SPMO's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPMO Invesco S&P 500 Momentum ETF	0.67%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%
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 SPMO in my portfolio?

TEC.TO and SPMO have a correlation of 0.71, 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 SPMO?

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEC.TO or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.39% for TEC.TO.

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

TEC.TO is categorized as Technology Equities, while SPMO is Momentum. TEC.TO tracks Solactive Global Technology Leaders Index (CA NTR), while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: TD and Invesco. Their fees differ too: 0.39% for TEC.TO and 0.13% for SPMO.