TEC vs. TDV

Last updated Aug 2, 2026

TEC (Harbor Transformative Technologies ETF) and TDV (ProShares S&P Technology Dividend Aristocrats ETF) are both Technology Equities funds. TEC is actively managed, while TDV is passively managed. Over the past year, TEC returned 27.03% vs 22.50% for TDV. Their 0.77 correlation means they have sometimes moved together and sometimes differently. TEC charges 0.69%/yr vs 0.45%/yr for TDV.

Performance

TEC vs. TDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Transformative Technologies ETF (TEC) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEC achieves a 12.93% return, which is significantly lower than TDV's 14.99% return.

TEC

• 1D: 1.31%
• 1M: -1.99%
• 6M: 14.71%
• YTD: 12.93%
• 1Y: 27.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.08%

TDV

• 1D: 0.75%
• 1M: -0.57%
• 6M: 11.45%
• YTD: 14.99%
• 1Y: 22.50%
• 3Y*: 14.78%
• 5Y*: 11.48%
• 10Y*: —
• ALL TIME*: 15.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TDV ProShares S&P Technology Dividend Aristocrats ETF	$551.98K	$539.76K	$593.04K
TEC Harbor Transformative Technologies ETF	$6.58K	$8.72K	$15.46K

TEC vs. TDV - Yearly Performance Comparison

	2026 (YTD)	2025
TEC Harbor Transformative Technologies ETF	12.93%	44.21%
TDV ProShares S&P Technology Dividend Aristocrats ETF	14.99%	30.91%

Correlation

The correlation between TEC and TDV is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025	0.77

The correlation between TEC and TDV has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

TEC vs. TDV - Sectors Allocation Comparison

Sectors	TEC	TDV
Technology	72.0%	90.3%
Communication Services	11.3%	-
Consumer Cyclical	8.6%	-
Healthcare	3.8%	-
Industrials	2.3%	4.6%
Utilities	1.1%	-
Financial Services	0.9%	5.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-

Return for Risk

TEC vs. TDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TEC

TEC Risk / Return Rank: 39
TEC Sharpe Ratio Rank: 42
TEC Sortino Ratio Rank: 41
TEC Omega Ratio Rank: 39
TEC Calmar Ratio Rank: 39
TEC Martin Ratio Rank: 37

TDV

TDV Risk / Return Rank: 48
TDV Sharpe Ratio Rank: 44
TDV Sortino Ratio Rank: 41
TDV Omega Ratio Rank: 42
TDV Calmar Ratio Rank: 63
TDV Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TEC vs. TDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Transformative Technologies ETF (TEC) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). 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	TDV	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.08	-0.04
Sortino ratio: Return per unit of downside risk	1.53	1.54	-0.01
Omega ratio: Gain probability vs. loss probability	1.19	1.19	-0.01
Calmar ratio: Return relative to maximum drawdown	1.38	2.19	-0.81
Martin ratio: Return relative to average drawdown	3.92	5.76	-1.84

TEC vs. TDV - Sharpe Ratio Comparison

The current TEC Sharpe Ratio is 1.04, which is comparable to the TDV Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of TEC and TDV, 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 vs. TDV - Drawdown Comparison

The maximum TEC drawdown since its inception was -17.50%, smaller than the maximum TDV drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for TEC and TDV.

Drawdown Indicators

	TEC	TDV	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-32.78%	+15.28%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-9.55%	-7.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.11%	—
Current Drawdown Current decline from peak	-7.37%	-6.97%	-0.40%
Average Drawdown Average peak-to-trough decline	-3.76%	-5.37%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.16%	3.63%	+2.53%

Volatility

TEC vs. TDV - Volatility Comparison

Harbor Transformative Technologies ETF (TEC) has a higher volatility of 8.16% compared to ProShares S&P Technology Dividend Aristocrats ETF (TDV) at 5.85%. This indicates that TEC's price experiences larger fluctuations and is considered to be riskier than TDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC	TDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.16%	5.85%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	18.75%	15.38%	+3.37%
Volatility (1Y) Calculated over the trailing 1-year period	23.16%	19.42%	+3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.53%	20.83%	+1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.53%	23.27%	-0.74%

TEC vs. TDV - Expense Ratio Comparison

TEC has a 0.69% expense ratio, which is higher than TDV's 0.45% expense ratio.

Dividends

TEC vs. TDV - Dividend Comparison

TEC has not paid dividends to shareholders, while TDV's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TDV ProShares S&P Technology Dividend Aristocrats ETF	1.06%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%
TEC Harbor Transformative Technologies ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEC and TDV in my portfolio?

TEC and TDV 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.

Which is riskier, TEC or TDV?

TEC has higher volatility (8.16%) compared to TDV (5.85%). In terms of maximum drawdown, TEC dropped -17.50% vs TDV's -32.78%.

Which ETF is better, TEC or TDV?

On 1-year performance, TEC leads with 27.03% vs 22.50% for TDV. On fees, TDV is cheaper at 0.45% per year. On volatility, TDV has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEC or TDV?

Over the 1-year period, TEC has performed better with a 27.03% return vs 22.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEC or TDV?

TDV is cheaper with a 0.45% expense ratio, compared with 0.69% for TEC.

Which ETF pays a higher dividend yield, TEC or TDV?

TDV has the higher dividend yield at 1.06%, compared with 0.00% for TEC.

What is the main difference between TEC and TDV?

They also come from different issuers: Harbor and ProShares. Their fees differ too: 0.69% for TEC and 0.45% for TDV.

Which has better risk-adjusted returns?

TDV currently has the higher Sharpe Ratio (1.08 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.