TECI.TO vs. FHQ.TO

Last updated Jul 18, 2026

TECI.TO (TD Global Technology Innovators Index ETF) and FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) are both Technology Equities funds - TECI.TO tracks the Solactive Global Technology Innovators Index (CA NTR) while FHQ.TO tracks the StrataQuant Technology Index. Both are passively managed. Over the past 3 years, TECI.TO returned 28.65%/yr vs 19.74%/yr for FHQ.TO. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

TECI.TO vs. FHQ.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, TECI.TO achieves a 33.72% return, which is significantly higher than FHQ.TO's 18.48% return.

TECI.TO

• 1D: -1.37%
• 1M: -8.44%
• 6M: 25.69%
• YTD: 33.72%
• 1Y: 49.50%
• 3Y*: 28.65%
• 5Y*: —
• 10Y*: —

FHQ.TO

• 1D: -0.81%
• 1M: -8.00%
• 6M: 13.04%
• YTD: 18.48%
• 1Y: 26.36%
• 3Y*: 19.74%
• 5Y*: 12.10%
• 10Y*: 18.72%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
TECI.TO TD Global Technology Innovators Index ETF	33.72%	21.96%	28.21%	40.27%	-45.55%	-5.69%
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF	18.48%	8.42%	25.83%	36.49%	-28.18%	2.97%

Correlation

The correlation between TECI.TO and FHQ.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021	0.60

The correlation between TECI.TO and FHQ.TO has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TECI.TO

TECI.TO Risk / Return Rank: 69
TECI.TO Sharpe Ratio Rank: 66
TECI.TO Sortino Ratio Rank: 58
TECI.TO Omega Ratio Rank: 59
TECI.TO Calmar Ratio Rank: 86
TECI.TO Martin Ratio Rank: 76

FHQ.TO

FHQ.TO Risk / Return Rank: 41
FHQ.TO Sharpe Ratio Rank: 37
FHQ.TO Sortino Ratio Rank: 37
FHQ.TO Omega Ratio Rank: 39
FHQ.TO Calmar Ratio Rank: 48
FHQ.TO Martin Ratio Rank: 42

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.

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

This table presents a comparison of risk-adjusted performance metrics for TD Global Technology Innovators Index ETF (TECI.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.

	TECI.TO	FHQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.04	+0.66
Sortino ratio: Return per unit of downside risk	2.20	1.53	+0.67
Omega ratio: Gain probability vs. loss probability	1.29	1.20	+0.08
Calmar ratio: Return relative to maximum drawdown	3.74	1.87	+1.87
Martin ratio: Return relative to average drawdown	10.98	5.06	+5.92

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

The current TECI.TO Sharpe Ratio is 1.70, which is higher than the FHQ.TO Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of TECI.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.

Drawdowns

TECI.TO vs. FHQ.TO - Drawdown Comparison

The maximum TECI.TO drawdown since its inception was -55.35%, 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 TECI.TO and FHQ.TO.

Drawdown Indicators

	TECI.TO	FHQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-55.35%	-32.05%	-23.30%
Max Drawdown (1Y) Largest decline over 1 year	-13.29%	-14.13%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	-27.64%	+0.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.05%	—
Current Drawdown Current decline from peak	-13.29%	-10.99%	-2.30%
Average Drawdown Average peak-to-trough decline	-22.88%	-7.63%	-15.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	5.22%	-0.70%

Volatility

TECI.TO vs. FHQ.TO - Volatility Comparison

TD Global Technology Innovators Index ETF (TECI.TO) has a higher volatility of 12.76% compared to First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) at 10.08%. This indicates that TECI.TO's price experiences larger fluctuations and is considered to be riskier than FHQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECI.TO	FHQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.76%	10.08%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	25.30%	21.35%	+3.95%
Volatility (1Y) Calculated over the trailing 1-year period	29.28%	25.54%	+3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.03%	23.68%	+6.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.03%	23.36%	+6.67%

Dividends

TECI.TO vs. FHQ.TO - Dividend Comparison

TECI.TO's dividend yield for the trailing twelve months is around 0.07%, while FHQ.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TECI.TO TD Global Technology Innovators Index ETF	0.07%	0.10%	0.43%	0.55%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TECI.TO and FHQ.TO in my portfolio?

TECI.TO and FHQ.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between TECI.TO and FHQ.TO?

TECI.TO tracks Solactive Global Technology Innovators Index (CA NTR), while FHQ.TO tracks StrataQuant Technology Index. They also come from different issuers: TD and First Trust.