TEC.TO vs. VRNA

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 VRNA (Verona Pharma plc) is a stock. At a 0.15 correlation, their price movements are largely independent.

Performance

TEC.TO vs. VRNA - 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 Verona Pharma plc (VRNA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TEC.TO is traded in CAD, while VRNA is traded in USD. To make them comparable, the VRNA values have been converted to CAD using the latest available exchange rates.

Returns By Period

TEC.TO

• 1D: 0.39%
• 1M: 0.89%
• YTD: 12.77%
• 6M: 13.20%
• 1Y: 35.38%
• 3Y*: 28.56%
• 5Y*: 18.75%
• 10Y*: —

VRNA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEC.TO vs. VRNA - 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%
VRNA Verona Pharma plc	0.00%	123.73%	153.38%	-25.73%	313.48%	-4.05%	18.85%	-13.56%

Correlation

The correlation between TEC.TO and VRNA is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since May 9, 2019	0.15

Return for Risk

TEC.TO vs. VRNA — 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

VRNA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. VRNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Global Technology Leaders Index ETF (TEC.TO) and Verona Pharma plc (VRNA). 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	VRNA	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.43	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	1.90	—	—
Martin ratio: Return relative to average drawdown	5.59	—	—

Drawdowns

Drawdown Indicators

	TEC.TO	VRNA	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.31%	—	—
Current Drawdown Current decline from peak	-5.07%	—	—
Average Drawdown Average peak-to-trough decline	-8.03%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	—	—

Volatility

Volatility by Period

	TEC.TO	VRNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	—	—

Dividends

TEC.TO vs. VRNA - Dividend Comparison

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

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%
VRNA Verona Pharma plc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

TEC.TO and VRNA have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.