TECI.TO vs. ZEQT.TO

Last updated Jun 24, 2026

TECI.TO (TD Global Technology Innovators Index ETF) and ZEQT.TO (BMO All-Equity ETF) are both exchange-traded funds - TECI.TO is a Technology Equities fund tracking the Solactive Global Technology Innovators Index (CA NTR), while ZEQT.TO is a Global Equities fund actively managed by BMO. TECI.TO is passively managed, while ZEQT.TO is actively managed. Over the past 3 years, TECI.TO returned 36.34%/yr vs 26.72%/yr for ZEQT.TO. A 0.58 correlation means they provide meaningful diversification when combined. TECI.TO charges 0.50%/yr vs 0.18%/yr for ZEQT.TO.

Performance

TECI.TO vs. ZEQT.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 BMO All-Equity ETF (ZEQT.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 47.12% return, which is significantly higher than ZEQT.TO's 13.48% return.

TECI.TO

• 1D: -3.60%
• 1M: 10.31%
• YTD: 47.12%
• 6M: 44.31%
• 1Y: 73.42%
• 3Y*: 36.34%
• 5Y*: —
• 10Y*: —

ZEQT.TO

• 1D: -1.32%
• 1M: 2.39%
• YTD: 13.48%
• 6M: 12.90%
• 1Y: 32.26%
• 3Y*: 26.72%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
TECI.TO TD Global Technology Innovators Index ETF	47.12%	21.96%	28.21%	40.27%	-28.34%
ZEQT.TO BMO All-Equity ETF	13.48%	21.71%	30.06%	22.28%	-0.83%

Correlation

The correlation between TECI.TO and ZEQT.TO is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.58

The correlation between TECI.TO and ZEQT.TO has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.

Return for Risk

TECI.TO vs. ZEQT.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: 85
TECI.TO Sharpe Ratio Rank: 88
TECI.TO Sortino Ratio Rank: 79
TECI.TO Omega Ratio Rank: 78
TECI.TO Calmar Ratio Rank: 93
TECI.TO Martin Ratio Rank: 88

ZEQT.TO

ZEQT.TO Risk / Return Rank: 79
ZEQT.TO Sharpe Ratio Rank: 79
ZEQT.TO Sortino Ratio Rank: 79
ZEQT.TO Omega Ratio Rank: 79
ZEQT.TO Calmar Ratio Rank: 75
ZEQT.TO Martin Ratio Rank: 80

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. ZEQT.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 BMO All-Equity ETF (ZEQT.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	ZEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.72	2.42	+0.30
Sortino ratio: Return per unit of downside risk	3.28	3.35	-0.06
Omega ratio: Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio: Return relative to maximum drawdown	6.19	3.71	+2.47
Martin ratio: Return relative to average drawdown	18.01	15.33	+2.69

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

The current TECI.TO Sharpe Ratio is 2.72, which is comparable to the ZEQT.TO Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of TECI.TO and ZEQT.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. ZEQT.TO - Drawdown Comparison

The maximum TECI.TO drawdown since its inception was -55.35%, which is greater than ZEQT.TO's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for TECI.TO and ZEQT.TO.

Drawdown Indicators

	TECI.TO	ZEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-55.35%	-15.18%	-40.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-8.72%	-3.20%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	-14.62%	-12.15%
Current Drawdown Current decline from peak	-3.60%	-1.54%	-2.06%
Average Drawdown Average peak-to-trough decline	-23.13%	-2.57%	-20.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	2.11%	+1.98%

Volatility

TECI.TO vs. ZEQT.TO - Volatility Comparison

TD Global Technology Innovators Index ETF (TECI.TO) has a higher volatility of 12.71% compared to BMO All-Equity ETF (ZEQT.TO) at 4.93%. This indicates that TECI.TO's price experiences larger fluctuations and is considered to be riskier than ZEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECI.TO	ZEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.71%	4.93%	+7.78%
Volatility (6M) Calculated over the trailing 6-month period	23.06%	11.08%	+11.98%
Volatility (1Y) Calculated over the trailing 1-year period	27.12%	13.39%	+13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.77%	13.52%	+16.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.77%	13.52%	+16.25%

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

TECI.TO has a 0.50% expense ratio, which is higher than ZEQT.TO's 0.18% expense ratio.

Dividends

TECI.TO vs. ZEQT.TO - Dividend Comparison

TECI.TO's dividend yield for the trailing twelve months is around 0.07%, less than ZEQT.TO's 1.91% yield.

Position	TTM	2025	2024	2023	2022
TECI.TO TD Global Technology Innovators Index ETF	0.07%	0.10%	0.43%	0.55%	0.77%
ZEQT.TO BMO All-Equity ETF	1.91%	2.89%	5.08%	6.40%	7.31%

Frequently Asked Questions

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

TECI.TO and ZEQT.TO have a correlation of 0.67, 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 ZEQT.TO?

On fees, ZEQT.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TECI.TO or ZEQT.TO?

ZEQT.TO is cheaper with a 0.18% expense ratio, compared with 0.50% for TECI.TO.

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

TECI.TO is categorized as Technology Equities, while ZEQT.TO is Global Equities. They also come from different issuers: TD and BMO. Their fees differ too: 0.50% for TECI.TO and 0.18% for ZEQT.TO.