TEC.TO vs. XQQ.TO
Compare and contrast key facts about TD Global Technology Leaders Index ETF (TEC.TO) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO).
TEC.TO and XQQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TEC.TO is a passively managed fund by TD that tracks the performance of the Solactive Global Technology Leaders Index. It was launched on Mar 29, 2022. XQQ.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on May 3, 2011. Both TEC.TO and XQQ.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TEC.TO or XQQ.TO.
Correlation
The correlation between TEC.TO and XQQ.TO is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TEC.TO vs. XQQ.TO - Performance Comparison
Key characteristics
TEC.TO:
2.12
XQQ.TO:
1.19
TEC.TO:
2.79
XQQ.TO:
1.67
TEC.TO:
1.37
XQQ.TO:
1.22
TEC.TO:
2.93
XQQ.TO:
0.22
TEC.TO:
10.36
XQQ.TO:
5.59
TEC.TO:
3.92%
XQQ.TO:
3.95%
TEC.TO:
19.15%
XQQ.TO:
18.50%
TEC.TO:
-35.31%
XQQ.TO:
-100.00%
TEC.TO:
-1.15%
XQQ.TO:
-99.99%
Returns By Period
In the year-to-date period, TEC.TO achieves a 2.74% return, which is significantly higher than XQQ.TO's 2.14% return.
TEC.TO
2.74%
2.74%
22.54%
43.73%
22.21%
N/A
XQQ.TO
2.14%
2.14%
13.22%
24.55%
17.26%
16.87%
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TEC.TO vs. XQQ.TO - Expense Ratio Comparison
TEC.TO has a 0.35% expense ratio, which is lower than XQQ.TO's 0.39% expense ratio.
Risk-Adjusted Performance
TEC.TO vs. XQQ.TO — Risk-Adjusted Performance Rank
TEC.TO
XQQ.TO
TEC.TO vs. XQQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Global Technology Leaders Index ETF (TEC.TO) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.
Dividends
TEC.TO vs. XQQ.TO - Dividend Comparison
TEC.TO's dividend yield for the trailing twelve months is around 0.11%, less than XQQ.TO's 0.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEC.TO TD Global Technology Leaders Index ETF | 0.11% | 0.12% | 0.21% | 0.31% | 0.22% | 0.33% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.31% | 0.32% | 0.31% | 0.43% | 0.17% | 0.26% | 0.46% | 0.52% | 0.53% | 0.76% | 0.62% | 1.30% |
Drawdowns
TEC.TO vs. XQQ.TO - Drawdown Comparison
The maximum TEC.TO drawdown since its inception was -35.31%, smaller than the maximum XQQ.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TEC.TO and XQQ.TO. For additional features, visit the drawdowns tool.
Volatility
TEC.TO vs. XQQ.TO - Volatility Comparison
TD Global Technology Leaders Index ETF (TEC.TO) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) have volatilities of 6.64% and 6.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.