TEC.TO vs. VXC.TO

Last updated Jun 14, 2026

TEC.TO (TD Global Technology Leaders Index ETF) and VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) are both exchange-traded funds - TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR), while VXC.TO is a Global Equities fund tracking the FTSE Global All Cap ex Canada China A Inclusion Index. Both are passively managed. Over the past 5 years, TEC.TO returned 18.75%/yr vs 13.33%/yr for VXC.TO. Their correlation of 0.85 suggests significant overlap in exposure. TEC.TO charges 0.39%/yr vs 0.22%/yr for VXC.TO.

Performance

TEC.TO vs. VXC.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 Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TEC.TO having a 12.77% return and VXC.TO slightly higher at 13.02%.

TEC.TO

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

VXC.TO

• 1D: 0.70%
• 1M: 3.37%
• YTD: 13.02%
• 6M: 13.39%
• 1Y: 30.74%
• 3Y*: 21.19%
• 5Y*: 13.33%
• 10Y*: 13.41%

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

TEC.TO vs. VXC.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%
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	13.02%	16.12%	26.06%	19.20%	-13.02%	17.21%	14.14%	7.08%

Correlation

The correlation between TEC.TO and VXC.TO is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 9, 2019	0.85

The correlation between TEC.TO and VXC.TO has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

TEC.TO vs. VXC.TO - Sectors Allocation Comparison

Sectors	TEC.TO	VXC.TO
Technology	64.4%	29.7%
Communication Services	17.7%	8.5%
Consumer Cyclical	11.8%	9.2%
Financial Services	3.6%	15.4%
Industrials	1.2%	11.1%
Healthcare	0.7%	8.5%
Real Estate	0.5%	2.0%
Basic Materials	-	3.3%
Consumer Defensive	-	5.0%
Energy	-	3.8%
Utilities	-	2.9%

Return for Risk

TEC.TO vs. VXC.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: 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

VXC.TO

VXC.TO Risk / Return Rank: 81
VXC.TO Sharpe Ratio Rank: 82
VXC.TO Sortino Ratio Rank: 81
VXC.TO Omega Ratio Rank: 83
VXC.TO Calmar Ratio Rank: 78
VXC.TO Martin Ratio Rank: 82

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. VXC.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 Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.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	VXC.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.27	-0.38
Sortino ratio: Return per unit of downside risk	2.43	3.11	-0.68
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	1.90	3.52	-1.62
Martin ratio: Return relative to average drawdown	5.59	14.04	-8.45

TEC.TO vs. VXC.TO - Sharpe Ratio Comparison

The current TEC.TO Sharpe Ratio is 1.88, which is comparable to the VXC.TO Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of TEC.TO and VXC.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.

Drawdowns

TEC.TO vs. VXC.TO - Drawdown Comparison

The maximum TEC.TO drawdown since its inception was -35.31%, which is greater than VXC.TO's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for TEC.TO and VXC.TO.

Drawdown Indicators

	TEC.TO	VXC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	-27.28%	-8.03%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-8.24%	-9.28%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-16.76%	-8.25%
Max Drawdown (5Y) Largest decline over 5 years	-35.31%	-21.61%	-13.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.28%	—
Current Drawdown Current decline from peak	-5.07%	-0.88%	-4.19%
Average Drawdown Average peak-to-trough decline	-8.03%	-3.89%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	2.07%	+3.88%

Volatility

TEC.TO vs. VXC.TO - Volatility Comparison

TD Global Technology Leaders Index ETF (TEC.TO) has a higher volatility of 7.15% compared to Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) at 4.98%. This indicates that TEC.TO's price experiences larger fluctuations and is considered to be riskier than VXC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC.TO	VXC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	4.98%	+2.17%
Volatility (6M) Calculated over the trailing 6-month period	14.11%	10.61%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	12.82%	+4.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	13.79%	+8.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	15.32%	+8.51%

TEC.TO vs. VXC.TO - Expense Ratio Comparison

TEC.TO has a 0.39% expense ratio, which is higher than VXC.TO's 0.22% expense ratio.

Dividends

TEC.TO vs. VXC.TO - Dividend Comparison

TEC.TO's dividend yield for the trailing twelve months is around 0.10%, less than VXC.TO's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	1.23%	1.39%	1.45%	1.69%	1.82%	1.49%	1.46%	1.81%	1.95%	1.68%	1.86%	1.83%

Frequently Asked Questions

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

TEC.TO and VXC.TO have a correlation of 0.84, 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 VXC.TO?

On fees, VXC.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEC.TO or VXC.TO?

VXC.TO is cheaper with a 0.22% expense ratio, compared with 0.39% for TEC.TO.

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

TEC.TO is categorized as Technology Equities, while VXC.TO is Global Equities. TEC.TO tracks Solactive Global Technology Leaders Index (CA NTR), while VXC.TO tracks FTSE Global All Cap ex Canada China A Inclusion Index. They also come from different issuers: TD and Vanguard. Their fees differ too: 0.39% for TEC.TO and 0.22% for VXC.TO.