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

TECH.TO vs. XIT.TO

Last updated Jun 4, 2026

TECH.TO (Evolve FANGMA Index ETF Hedged CAD) and XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) are both Technology Equities funds - TECH.TO tracks the Solactive FANGMA Equal Weight Index while XIT.TO tracks the Morningstar Gbl GR CAD. Both are passively managed. Over the past 5 years, TECH.TO returned 15.36%/yr vs 8.31%/yr for XIT.TO. A 0.62 correlation means they provide meaningful diversification when combined. TECH.TO charges 0.40%/yr vs 0.60%/yr for XIT.TO.

Performance

TECH.TO vs. XIT.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 iShares S&P/TSX Capped Information Technology Index ETF (XIT.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 0.77% return, which is significantly higher than XIT.TO's -4.19% return.

TECH.TO

1D
-1.32%
1M
-1.50%
YTD
0.77%
6M
-1.50%
1Y
16.16%
3Y*
24.88%
5Y*
15.36%
10Y*
—

XIT.TO

1D
-3.62%
1M
5.49%
YTD
-4.19%
6M
-5.79%
1Y
9.80%
3Y*
17.90%
5Y*
8.31%
10Y*
17.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
TECH.TO
Evolve FANGMA Index ETF Hedged CAD		0.77%18.22%40.26%80.38%-43.52%20.13%
XIT.TO
iShares S&P/TSX Capped Information Technology Index ETF		-4.19%15.48%30.02%55.56%-35.85%9.39%

Correlation

The correlation between TECH.TO and XIT.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.54

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

0.62

Correlation (All Time)
Calculated using the full available price history since May 7, 2021

0.62

The correlation between TECH.TO and XIT.TO shifts across timeframes, from 0.45 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

TECH.TO vs. XIT.TO - Sectors Allocation Comparison

Sectors
TECH.TO
XIT.TO

Communication Services

49.7%

-

Technology

32.8%
99.8%

Consumer Cyclical

17.5%

-

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

0.8%

Healthcare

-

-

Industrials

-

0.2%

Real Estate

-

-

Utilities

-

-

Communication Services

TECH.TO
49.7%
XIT.TO

-

Technology

TECH.TO
32.8%
XIT.TO
99.8%

Consumer Cyclical

TECH.TO
17.5%
XIT.TO

-

Basic Materials

TECH.TO

-

XIT.TO

-

Consumer Defensive

TECH.TO

-

XIT.TO

-

Energy

TECH.TO

-

XIT.TO

-

Financial Services

TECH.TO

-

XIT.TO
0.8%

Healthcare

TECH.TO

-

XIT.TO

-

Industrials

TECH.TO

-

XIT.TO
0.2%

Real Estate

TECH.TO

-

XIT.TO

-

Utilities

TECH.TO

-

XIT.TO

-

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

iShares S&P/TSX Capped Information Technology Index ETF

Often compared with TECH.TO:
TECH.TO vs. TEC.TOTECH.TO vs. CHPS.TOTECH.TO vs. TECI.TOTECH.TO vs. FINN.NEOTECH.TO vs. CIAI.TOTECH.TO vs. QQC.TOTECH.TO vs. ZXLK.TO
Often compared with XIT.TO:
XIT.TO vs. XIU.TOXIT.TO vs. VGTXIT.TO vs. XQQ.TOXIT.TO vs. SPYXIT.TO vs. XUS.TOXIT.TO vs. QQQXIT.TO vs. XUU.TO

Return for Risk

TECH.TO vs. XIT.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: 2424
Overall Rank
TECH.TO Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
TECH.TO Sortino Ratio Rank: 2626
Sortino Ratio Rank
TECH.TO Omega Ratio Rank: 2525
Omega Ratio Rank
TECH.TO Calmar Ratio Rank: 2222
Calmar Ratio Rank
TECH.TO Martin Ratio Rank: 2424
Martin Ratio Rank
XIT.TO
XIT.TO Risk / Return Rank: 1313
Overall Rank
XIT.TO Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
XIT.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
XIT.TO Omega Ratio Rank: 1313
Omega Ratio Rank
XIT.TO Calmar Ratio Rank: 1212
Calmar Ratio Rank
XIT.TO Martin Ratio Rank: 1212
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. XIT.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 iShares S&P/TSX Capped Information Technology Index ETF (XIT.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.

TECH.TOXIT.TODifference
Sharpe ratioReturn per unit of total volatility
0.93
0.31

+0.62

Sortino ratioReturn per unit of downside risk
1.43
0.64

+0.79

Omega ratioGain probability vs. loss probability

1.17

1.08

+0.09

Calmar ratioReturn relative to maximum drawdown

0.98

0.31

+0.67

Martin ratioReturn relative to average drawdown

3.13

0.62

+2.51

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current TECH.TO Sharpe Ratio is 0.93, which is higher than the XIT.TO Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of TECH.TO and XIT.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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Sharpe Ratios by Period

TECH.TOXIT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

0.31

+0.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.28

+0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.30

+0.28

Drawdowns

TECH.TO vs. XIT.TO - Drawdown Comparison

The maximum TECH.TO drawdown since its inception was -47.92%, smaller than the maximum XIT.TO drawdown of -81.18%. Use the drawdown chart below to compare losses from any high point for TECH.TO and XIT.TO.

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Drawdown Indicators

TECH.TOXIT.TODifference

Max Drawdown

Largest peak-to-trough decline

-47.92%

-81.18%

+33.26%

Max Drawdown (1Y)

Largest decline over 1 year

-16.59%

-31.93%

+15.34%

Max Drawdown (3Y)

Largest decline over 3 years

-24.13%

-31.93%

+7.80%

Max Drawdown (5Y)

Largest decline over 5 years

-47.92%

-54.15%

+6.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-54.15%

—

Current Drawdown

Current decline from peak

-4.31%

-14.47%

+10.16%

Average Drawdown

Average peak-to-trough decline

-12.32%

-26.86%

+14.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.17%

15.74%

-10.57%

Volatility

TECH.TO vs. XIT.TO - Volatility Comparison

The current volatility for Evolve FANGMA Index ETF Hedged CAD (TECH.TO) is 4.24%, while iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a volatility of 11.83%. This indicates that TECH.TO experiences smaller price fluctuations and is considered to be less risky than XIT.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.TOXIT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

11.83%

-7.59%

Volatility (6M)

Calculated over the trailing 6-month period

12.64%

24.39%

-11.75%

Volatility (1Y)

Calculated over the trailing 1-year period

17.45%

31.36%

-13.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.44%

29.37%

-2.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.37%

26.71%

-0.34%

TECH.TO vs. XIT.TO - Expense Ratio Comparison

TECH.TO has a 0.40% expense ratio, which is lower than XIT.TO's 0.60% expense ratio.

Dividends

TECH.TO vs. XIT.TO - Dividend Comparison

TECH.TO's dividend yield for the trailing twelve months is around 0.12%, while XIT.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
TECH.TO
Evolve FANGMA Index ETF Hedged CAD		0.12%0.12%0.14%0.20%0.35%0.17%0.00%0.00%0.00%0.00%0.00%0.00%
XIT.TO
iShares S&P/TSX Capped Information Technology Index ETF		0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.29%0.00%0.13%0.14%0.08%

Frequently Asked Questions

TECH.TO and XIT.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TECH.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TECH.TO is cheaper with a 0.40% expense ratio, compared with 0.60% for XIT.TO.

TECH.TO tracks Solactive FANGMA Equal Weight Index, while XIT.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: Evolve and iShares. Their fees differ too: 0.40% for TECH.TO and 0.60% for XIT.TO.

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