TEC.TO vs. TGRO.TO
TEC.TO (TD Global Technology Leaders Index ETF) and TGRO.TO (TD Growth ETF Portfolio) are both exchange-traded funds - TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while TGRO.TO is a Diversified Portfolio fund actively managed by TD. TEC.TO is passively managed, while TGRO.TO is actively managed. Over the past 5 years, TEC.TO returned 20.41%/yr vs 13.26%/yr for TGRO.TO. A 0.75 correlation means they provide meaningful diversification when combined. TEC.TO charges 0.39%/yr vs 0.15%/yr for TGRO.TO.
Performance
TEC.TO vs. TGRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TEC.TO achieves a 17.96% return, which is significantly higher than TGRO.TO's 9.93% return.
TEC.TO
- 1D
- -0.70%
- 1M
- 12.30%
- YTD
- 17.96%
- 6M
- 15.29%
- 1Y
- 40.60%
- 3Y*
- 31.18%
- 5Y*
- 20.41%
- 10Y*
- —
TGRO.TO
- 1D
- -0.38%
- 1M
- 5.22%
- YTD
- 9.93%
- 6M
- 9.81%
- 1Y
- 25.55%
- 3Y*
- 19.69%
- 5Y*
- 13.26%
- 10Y*
- —
TEC.TO vs. TGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TEC.TO TD Global Technology Leaders Index ETF | 17.96% | 15.45% | 45.60% | 53.28% | -32.19% | 25.46% | 10.18% |
TGRO.TO TD Growth ETF Portfolio | 9.93% | 18.03% | 22.28% | 18.36% | -11.39% | 20.46% | 2,565.79% |
Correlation
The correlation between TEC.TO and TGRO.TO is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.75 |
The correlation between TEC.TO and TGRO.TO has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
TEC.TO vs. TGRO.TO — Risk / Return Rank
TEC.TO
TGRO.TO
TEC.TO vs. TGRO.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 TD Growth ETF Portfolio (TGRO.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 | TGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.56 | -1.23 |
| Martin ratioReturn relative to average drawdown | 6.92 | 15.71 | -8.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TEC.TO | TGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.58 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.14 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.10 | +0.87 |
Drawdowns
TEC.TO vs. TGRO.TO - Drawdown Comparison
The maximum TEC.TO drawdown since its inception was -35.31%, which is greater than TGRO.TO's maximum drawdown of -18.37%. Use the drawdown chart below to compare losses from any high point for TEC.TO and TGRO.TO.
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Drawdown Indicators
| TEC.TO | TGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.31% | -18.37% | -16.94% |
Max Drawdown (1Y)Largest decline over 1 year | -17.52% | -7.21% | -10.31% |
Max Drawdown (3Y)Largest decline over 3 years | -25.01% | -13.27% | -11.74% |
Max Drawdown (5Y)Largest decline over 5 years | -35.31% | -18.37% | -16.94% |
Current DrawdownCurrent decline from peak | -0.70% | -0.41% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -3.46% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 1.63% | +4.26% |
Volatility
TEC.TO vs. TGRO.TO - Volatility Comparison
TD Global Technology Leaders Index ETF (TEC.TO) has a higher volatility of 4.75% compared to TD Growth ETF Portfolio (TGRO.TO) at 3.28%. This indicates that TEC.TO's price experiences larger fluctuations and is considered to be riskier than TGRO.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 | TGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 3.28% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 8.10% | +4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 9.93% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.32% | 11.69% | +10.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.78% | 995.08% | -971.30% |
TEC.TO vs. TGRO.TO - Expense Ratio Comparison
TEC.TO has a 0.39% expense ratio, which is higher than TGRO.TO's 0.15% expense ratio.
Dividends
TEC.TO vs. TGRO.TO - Dividend Comparison
TEC.TO's dividend yield for the trailing twelve months is around 0.10%, less than TGRO.TO's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TEC.TO TD Global Technology Leaders Index ETF | 0.10% | 0.13% | 0.12% | 0.21% | 0.31% | 0.22% | 0.33% | 0.28% |
TGRO.TO TD Growth ETF Portfolio | 1.78% | 2.03% | 2.04% | 2.17% | 2.46% | 1.58% | 0.83% | 0.00% |
Frequently Asked Questions
TEC.TO and TGRO.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TGRO.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TGRO.TO is cheaper with a 0.15% expense ratio, compared with 0.39% for TEC.TO.
TEC.TO is categorized as Technology Equities, while TGRO.TO is Diversified Portfolio. Their fees differ too: 0.39% for TEC.TO and 0.15% for TGRO.TO.
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