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TECH.TO vs. FHQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TECH.TO vs. FHQ.TO

Last updated Jul 16, 2026
Documentation

TECH.TO (Evolve FANGMA Index ETF Hedged CAD) and FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) are both Technology Equities funds - TECH.TO tracks the Solactive FANGMA Equal Weight Index while FHQ.TO tracks the StrataQuant Technology Index. Both are passively managed. Over the past 5 years, TECH.TO returned 13.50%/yr vs 13.16%/yr for FHQ.TO. At a 0.43 correlation, their price movements are largely independent.

Performance

TECH.TO vs. FHQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve FANGMA Index ETF Hedged CAD (TECH.TO) and First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TECH.TO achieves a 1.30% return, which is significantly lower than FHQ.TO's 24.19% return.

TECH.TO

1D
2.74%
1M
2.80%
6M
2.94%
YTD
1.30%
1Y
9.38%
3Y*
22.52%
5Y*
13.50%
10Y*
—

FHQ.TO

1D
0.39%
1M
-4.66%
6M
18.60%
YTD
24.19%
1Y
33.63%
3Y*
22.48%
5Y*
13.16%
10Y*
19.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TECH.TO vs. FHQ.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
TECH.TO
Evolve FANGMA Index ETF Hedged CAD		1.30%18.19%40.22%80.38%-43.52%20.13%
FHQ.TO
First Trust AlphaDEX U.S. Technology Sector Index ETF		24.19%8.42%25.83%36.49%-28.18%20.57%

Correlation

The correlation between TECH.TO and FHQ.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (All Time)
Calculated using the full available price history since May 6, 2021

0.43

The correlation between TECH.TO and FHQ.TO shifts across timeframes, from 0.29 (1 year) to 0.44 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Evolve FANGMA Index ETF Hedged CAD

First Trust AlphaDEX U.S. Technology Sector Index ETF

Often compared with TECH.TO:
TECH.TO vs. TEC.TOTECH.TO vs. CHPS.TOTECH.TO vs. TECI.TOTECH.TO vs. CIAI.TOTECH.TO vs. QQC.TOTECH.TO vs. FINN.NEOTECH.TO vs. MTRX.TO

Return for Risk

TECH.TO vs. FHQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TECH.TO
TECH.TO Risk / Return Rank: 1818
Overall Rank
TECH.TO Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
TECH.TO Sortino Ratio Rank: 1818
Sortino Ratio Rank
TECH.TO Omega Ratio Rank: 1717
Omega Ratio Rank
TECH.TO Calmar Ratio Rank: 1717
Calmar Ratio Rank
TECH.TO Martin Ratio Rank: 1818
Martin Ratio Rank
FHQ.TO
FHQ.TO Risk / Return Rank: 5050
Overall Rank
FHQ.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
FHQ.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
FHQ.TO Omega Ratio Rank: 4848
Omega Ratio Rank
FHQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
FHQ.TO Martin Ratio Rank: 4949
Martin Ratio Rank
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.

TECH.TO vs. FHQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve FANGMA Index ETF Hedged CAD (TECH.TO) and First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.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.

TECH.TOFHQ.TODifference
Sharpe ratioReturn per unit of total volatility
0.49
1.37

-0.87

Sortino ratioReturn per unit of downside risk
0.84
1.92

-1.08

Omega ratioGain probability vs. loss probability

1.10

1.25

-0.16

Calmar ratioReturn relative to maximum drawdown

0.57

2.44

-1.87

Martin ratioReturn relative to average drawdown

1.57

6.72

-5.15

TECH.TO vs. FHQ.TO - Sharpe Ratio Comparison

The current TECH.TO Sharpe Ratio is 0.49, which is lower than the FHQ.TO Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of TECH.TO and FHQ.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.

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Drawdowns

TECH.TO vs. FHQ.TO - Drawdown Comparison

The maximum TECH.TO drawdown since its inception was -47.92%, which is greater than FHQ.TO's maximum drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for TECH.TO and FHQ.TO.

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Drawdown Indicators

TECH.TOFHQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-47.92%

-32.05%

-15.87%

Max Drawdown (1Y)

Largest decline over 1 year

-16.60%

-14.13%

-2.47%

Max Drawdown (3Y)

Largest decline over 3 years

-24.14%

-27.64%

+3.50%

Max Drawdown (5Y)

Largest decline over 5 years

-47.92%

-32.05%

-15.87%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.05%

—

Current Drawdown

Current decline from peak

-3.80%

-6.70%

+2.90%

Average Drawdown

Average peak-to-trough decline

-12.22%

-7.63%

-4.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.98%

5.11%

+0.87%

Volatility

TECH.TO vs. FHQ.TO - Volatility Comparison

The current volatility for Evolve FANGMA Index ETF Hedged CAD (TECH.TO) is 8.26%, while First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) has a volatility of 10.35%. This indicates that TECH.TO experiences smaller price fluctuations and is considered to be less risky than FHQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TECH.TOFHQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.26%

10.35%

-2.09%

Volatility (6M)

Calculated over the trailing 6-month period

15.11%

20.95%

-5.84%

Volatility (1Y)

Calculated over the trailing 1-year period

19.12%

25.24%

-6.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.77%

23.62%

+3.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.46%

23.37%

+3.09%

Dividends

TECH.TO vs. FHQ.TO - Dividend Comparison

TECH.TO's dividend yield for the trailing twelve months is around 0.09%, while FHQ.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FHQ.TO
First Trust AlphaDEX U.S. Technology Sector Index ETF		0.00%0.00%0.02%0.00%0.00%1.18%0.43%0.50%0.80%0.83%1.20%0.43%
TECH.TO
Evolve FANGMA Index ETF Hedged CAD		0.09%0.09%0.12%0.20%0.35%0.17%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TECH.TO and FHQ.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TECH.TO tracks Solactive FANGMA Equal Weight Index, while FHQ.TO tracks StrataQuant Technology Index. They also come from different issuers: Evolve and First Trust.

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