TECI.TO vs. ORBX

Last updated Jun 4, 2026

TECI.TO (TD Global Technology Innovators Index ETF) and ORBX (Global X Space Tech ETF) are both exchange-traded funds - TECI.TO is a Technology Equities fund tracking the Solactive Global Technology Innovators Index (CA NTR), while ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index. Both are passively managed. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

TECI.TO vs. ORBX - 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 Global X Space Tech ETF (ORBX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TECI.TO is traded in CAD, while ORBX is traded in USD. To make them comparable, the ORBX values have been converted to CAD using the latest available exchange rates.

Returns By Period

TECI.TO

• 1D: 0.60%
• 1M: 16.61%
• YTD: 47.65%
• 6M: 43.71%
• 1Y: 75.88%
• 3Y*: 36.50%
• 5Y*: —
• 10Y*: —

ORBX

• 1D: -6.93%
• 1M: 25.97%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TECI.TO vs. ORBX - Yearly Performance Comparison

	2026 (YTD)
TECI.TO TD Global Technology Innovators Index ETF	27.71%
ORBX Global X Space Tech ETF	23.41%

Correlation

The correlation between TECI.TO and ORBX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 16, 2026	0.13

Return for Risk

TECI.TO vs. ORBX — 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: 87
TECI.TO Sharpe Ratio Rank: 89
TECI.TO Sortino Ratio Rank: 84
TECI.TO Omega Ratio Rank: 80
TECI.TO Calmar Ratio Rank: 92
TECI.TO Martin Ratio Rank: 88

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. ORBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Global Technology Innovators Index ETF (TECI.TO) and Global X Space Tech ETF (ORBX). 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.

	TECI.TO	ORBX	Difference
Sharpe ratio: Return per unit of total volatility	3.07	—	—
Sortino ratio: Return per unit of downside risk	3.77	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	6.40	—	—
Martin ratio: Return relative to average drawdown	19.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TECI.TO	ORBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	4.83	-4.41

Drawdowns

TECI.TO vs. ORBX - Drawdown Comparison

The maximum TECI.TO drawdown since its inception was -54.94%, which is greater than ORBX's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for TECI.TO and ORBX.

Drawdown Indicators

	TECI.TO	ORBX	Difference
Max Drawdown Largest peak-to-trough decline	-54.94%	-18.22%	-36.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	—	—
Current Drawdown Current decline from peak	0.00%	-18.22%	+18.22%
Average Drawdown Average peak-to-trough decline	-22.84%	-5.08%	-17.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	—	—

Volatility

Volatility by Period

	TECI.TO	ORBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.91%	78.81%	-53.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.42%	78.81%	-49.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.42%	78.81%	-49.39%

TECI.TO vs. ORBX - Expense Ratio Comparison

Both TECI.TO and ORBX have an expense ratio of 0.50%.

Dividends

TECI.TO vs. ORBX - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022
ORBX Global X Space Tech ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TECI.TO TD Global Technology Innovators Index ETF	0.07%	0.10%	0.43%	0.55%	0.77%

Frequently Asked Questions

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

TECI.TO and ORBX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TECI.TO or ORBX?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TECI.TO or ORBX?

TECI.TO and ORBX have the same expense ratio: 0.50% per year.

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

TECI.TO is categorized as Technology Equities, while ORBX is Aerospace & Defense. TECI.TO tracks Solactive Global Technology Innovators Index (CA NTR), while ORBX tracks Global X Space Tech Index. They also come from different issuers: TD and Global X.