TECI.TO vs. TCLV.TO
TECI.TO (TD Global Technology Innovators Index ETF) and TCLV.TO (TD Q Canadian Low Volatility ETF) are both exchange-traded funds - TECI.TO is a Technology Equities fund tracking the Solactive Global Technology Innovators Index (CA NTR), while TCLV.TO is a Canada Equities fund actively managed by TD. TECI.TO is passively managed, while TCLV.TO is actively managed. Over the past 3 years, TECI.TO returned 28.65%/yr vs 17.66%/yr for TCLV.TO. At a 0.20 correlation, their price movements are largely independent. TECI.TO charges 0.50%/yr vs 0.33%/yr for TCLV.TO.
Performance
TECI.TO vs. TCLV.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TECI.TO achieves a 33.72% return, which is significantly higher than TCLV.TO's 9.66% return.
TECI.TO
- 1D
- -1.37%
- 1M
- -8.44%
- 6M
- 25.69%
- YTD
- 33.72%
- 1Y
- 49.50%
- 3Y*
- 28.65%
- 5Y*
- —
- 10Y*
- —
TCLV.TO
- 1D
- -0.14%
- 1M
- 3.43%
- 6M
- 8.88%
- YTD
- 9.66%
- 1Y
- 18.19%
- 3Y*
- 17.66%
- 5Y*
- 11.98%
- 10Y*
- —
TECI.TO vs. TCLV.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% |
TCLV.TO TD Q Canadian Low Volatility ETF | 9.66% | 24.55% | 17.71% | 2.95% | -0.91% | 3.23% |
Correlation
The correlation between TECI.TO and TCLV.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021 | 0.20 |
The correlation between TECI.TO and TCLV.TO shifts across timeframes, from 0.03 (1 year) to 0.20 (all time), 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.
Return for Risk
TECI.TO vs. TCLV.TO — Risk / Return Rank
TECI.TO
TCLV.TO
TECI.TO vs. TCLV.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 TD Q Canadian Low Volatility ETF (TCLV.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 | TCLV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 3.77 | -0.03 |
| Martin ratioReturn relative to average drawdown | 10.98 | 15.10 | -4.12 |
Loading charts...
Drawdowns
TECI.TO vs. TCLV.TO - Drawdown Comparison
The maximum TECI.TO drawdown since its inception was -55.35%, which is greater than TCLV.TO's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for TECI.TO and TCLV.TO.
Loading charts...
Drawdown Indicators
| TECI.TO | TCLV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.35% | -15.27% | -40.08% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -4.84% | -8.45% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -9.15% | -17.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.27% | — |
Current DrawdownCurrent decline from peak | -13.29% | -0.14% | -13.15% |
Average DrawdownAverage peak-to-trough decline | -22.88% | -3.02% | -19.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 1.21% | +3.31% |
Volatility
TECI.TO vs. TCLV.TO - Volatility Comparison
TD Global Technology Innovators Index ETF (TECI.TO) has a higher volatility of 12.76% compared to TD Q Canadian Low Volatility ETF (TCLV.TO) at 2.72%. This indicates that TECI.TO's price experiences larger fluctuations and is considered to be riskier than TCLV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TECI.TO | TCLV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.76% | 2.72% | +10.04% |
Volatility (6M)Calculated over the trailing 6-month period | 25.30% | 6.78% | +18.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 8.27% | +21.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.03% | 9.71% | +20.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.03% | 9.77% | +20.26% |
TECI.TO vs. TCLV.TO - Expense Ratio Comparison
TECI.TO has a 0.50% expense ratio, which is higher than TCLV.TO's 0.33% expense ratio.
Dividends
TECI.TO vs. TCLV.TO - Dividend Comparison
TECI.TO's dividend yield for the trailing twelve months is around 0.07%, less than TCLV.TO's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TCLV.TO TD Q Canadian Low Volatility ETF | 1.81% | 1.88% | 2.68% | 3.15% | 2.84% | 2.64% | 1.59% |
TECI.TO TD Global Technology Innovators Index ETF | 0.07% | 0.10% | 0.43% | 0.55% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
TECI.TO and TCLV.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCLV.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCLV.TO is cheaper with a 0.33% expense ratio, compared with 0.50% for TECI.TO.
TECI.TO is categorized as Technology Equities, while TCLV.TO is Canada Equities. Their fees differ too: 0.50% for TECI.TO and 0.33% for TCLV.TO.
Find the right allocation for TECI.TO and TCLV.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer