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TECI.TO vs. TGED.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TECI.TO vs. TGED.TO

Last updated Jun 4, 2026

TECI.TO (TD Global Technology Innovators Index ETF) and TGED.TO (TD Active Global Enhanced Dividend ETF) are both exchange-traded funds - TECI.TO is a Technology Equities fund tracking the Solactive Global Technology Innovators Index (CA NTR), while TGED.TO is a Global Equity Income fund actively managed by TD. TECI.TO is passively managed, while TGED.TO is actively managed. Over the past 3 years, TECI.TO returned 36.50%/yr vs 26.09%/yr for TGED.TO. A 0.66 correlation means they provide meaningful diversification when combined. TECI.TO charges 0.50%/yr vs 0.72%/yr for TGED.TO.

Performance

TECI.TO vs. TGED.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 TD Active Global Enhanced Dividend ETF (TGED.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, TECI.TO achieves a 47.65% return, which is significantly higher than TGED.TO's 18.74% return.

TECI.TO

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

TGED.TO

1D
0.46%
1M
7.40%
YTD
18.74%
6M
16.61%
1Y
30.23%
3Y*
26.09%
5Y*
17.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
TECI.TO
TD Global Technology Innovators Index ETF		47.65%21.96%28.21%40.27%-45.55%-3.80%
TGED.TO
TD Active Global Enhanced Dividend ETF		18.74%10.63%38.60%23.33%-14.27%0.38%

Correlation

The correlation between TECI.TO and TGED.TO is 0.72, 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

0.72

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

0.63

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2021

0.66

The correlation between TECI.TO and TGED.TO has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

TD Global Technology Innovators Index ETF

TD Active Global Enhanced Dividend ETF

Often compared with TECI.TO:
TECI.TO vs. TECH.TOTECI.TO vs. FINN.NEOTECI.TO vs. TEC.TOTECI.TO vs. QMVP.TOTECI.TO vs. CIAI.TOTECI.TO vs. TBNK.TOTECI.TO vs. QQQT.TO
Often compared with TGED.TO:
TGED.TO vs. TEC.TOTGED.TO vs. TQGD.TOTGED.TO vs. TPU.TOTGED.TO vs. TQCD.TOTGED.TO vs. EFASTGED.TO vs. XEQT.TOTGED.TO vs. TEQT.TO

Return for Risk

TECI.TO vs. TGED.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: 8787
Overall Rank
TECI.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
TECI.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
TECI.TO Omega Ratio Rank: 8080
Omega Ratio Rank
TECI.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
TECI.TO Martin Ratio Rank: 8888
Martin Ratio Rank
TGED.TO
TGED.TO Risk / Return Rank: 5555
Overall Rank
TGED.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
TGED.TO Sortino Ratio Rank: 5353
Sortino Ratio Rank
TGED.TO Omega Ratio Rank: 5353
Omega Ratio Rank
TGED.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
TGED.TO Martin Ratio Rank: 5858
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.

TECI.TO vs. TGED.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 Active Global Enhanced Dividend ETF (TGED.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.

TECI.TOTGED.TODifference
Sharpe ratioReturn per unit of total volatility
3.07
1.88

+1.18

Sortino ratioReturn per unit of downside risk
3.77
2.61

+1.16

Omega ratioGain probability vs. loss probability

1.48

1.33

+0.15

Calmar ratioReturn relative to maximum drawdown

6.40

2.82

+3.57

Martin ratioReturn relative to average drawdown

19.15

10.39

+8.76

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

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

The current TECI.TO Sharpe Ratio is 3.07, which is higher than the TGED.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of TECI.TO and TGED.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

TECI.TOTGED.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.07

1.88

+1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.10

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

1.02

-0.60

Drawdowns

TECI.TO vs. TGED.TO - Drawdown Comparison

The maximum TECI.TO drawdown since its inception was -54.94%, which is greater than TGED.TO's maximum drawdown of -26.19%. Use the drawdown chart below to compare losses from any high point for TECI.TO and TGED.TO.

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Drawdown Indicators

TECI.TOTGED.TODifference

Max Drawdown

Largest peak-to-trough decline

-54.94%

-26.19%

-28.75%

Max Drawdown (1Y)

Largest decline over 1 year

-11.92%

-10.76%

-1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-26.77%

-19.41%

-7.36%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.05%

—

Current Drawdown

Current decline from peak

0.00%

-1.05%

+1.05%

Average Drawdown

Average peak-to-trough decline

-22.84%

-4.66%

-18.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.98%

2.92%

+1.06%

Volatility

TECI.TO vs. TGED.TO - Volatility Comparison

TD Global Technology Innovators Index ETF (TECI.TO) has a higher volatility of 7.37% compared to TD Active Global Enhanced Dividend ETF (TGED.TO) at 6.39%. This indicates that TECI.TO's price experiences larger fluctuations and is considered to be riskier than TGED.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TECI.TOTGED.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.37%

6.39%

+0.98%

Volatility (6M)

Calculated over the trailing 6-month period

20.55%

13.28%

+7.27%

Volatility (1Y)

Calculated over the trailing 1-year period

24.91%

16.12%

+8.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.42%

15.78%

+13.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.42%

16.78%

+12.64%

TECI.TO vs. TGED.TO - Expense Ratio Comparison

TECI.TO has a 0.50% expense ratio, which is lower than TGED.TO's 0.72% expense ratio.

Dividends

TECI.TO vs. TGED.TO - Dividend Comparison

TECI.TO's dividend yield for the trailing twelve months is around 0.07%, less than TGED.TO's 3.31% yield.

PositionTTM2025202420232022202120202019
TECI.TO
TD Global Technology Innovators Index ETF		0.07%0.10%0.43%0.55%0.77%0.00%0.00%0.00%
TGED.TO
TD Active Global Enhanced Dividend ETF		3.31%3.79%3.01%3.97%4.70%3.44%3.63%2.54%

Frequently Asked Questions

TECI.TO and TGED.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TECI.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TECI.TO is cheaper with a 0.50% expense ratio, compared with 0.72% for TGED.TO.

TECI.TO is categorized as Technology Equities, while TGED.TO is Global Equity Income. Their fees differ too: 0.50% for TECI.TO and 0.72% for TGED.TO.

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