TGED.TO vs. TECI.TO
TGED.TO (TD Active Global Enhanced Dividend ETF) and TECI.TO (TD Global Technology Innovators Index ETF) are both exchange-traded funds - TGED.TO is a Global Equity Income fund actively managed by TD, while TECI.TO is a Technology Equities fund tracking the Solactive Global Technology Innovators Index (CA NTR). TGED.TO is actively managed, while TECI.TO is passively managed. Over the past 3 years, TGED.TO returned 24.91%/yr vs 31.98%/yr for TECI.TO. A 0.67 correlation means they provide meaningful diversification when combined. TGED.TO charges 0.72%/yr vs 0.50%/yr for TECI.TO.
Performance
TGED.TO vs. TECI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TGED.TO achieves a 18.31% return, which is significantly lower than TECI.TO's 41.35% return.
TGED.TO
- 1D
- -2.64%
- 1M
- 0.01%
- 6M
- 13.10%
- YTD
- 18.31%
- 1Y
- 26.24%
- 3Y*
- 24.91%
- 5Y*
- 15.72%
- 10Y*
- —
TECI.TO
- 1D
- -2.09%
- 1M
- -1.85%
- 6M
- 33.64%
- YTD
- 41.35%
- 1Y
- 62.87%
- 3Y*
- 31.98%
- 5Y*
- —
- 10Y*
- —
TGED.TO vs. TECI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TGED.TO TD Active Global Enhanced Dividend ETF | 18.31% | 10.63% | 38.60% | 23.33% | -14.27% | 0.67% |
TECI.TO TD Global Technology Innovators Index ETF | 41.35% | 21.96% | 28.21% | 40.27% | -45.55% | -5.69% |
Correlation
The correlation between TGED.TO and TECI.TO is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021 | 0.67 |
The correlation between TGED.TO and TECI.TO has been stable across timeframes, ranging from 0.65 to 0.75 - a consistent structural relationship.
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Return for Risk
TGED.TO vs. TECI.TO — Risk / Return Rank
TGED.TO
TECI.TO
TGED.TO vs. TECI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active Global Enhanced Dividend ETF (TGED.TO) and TD Global Technology Innovators Index ETF (TECI.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.
| TGED.TO | TECI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 5.30 | -2.85 |
| Martin ratioReturn relative to average drawdown | 8.41 | 14.64 | -6.22 |
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Drawdowns
TGED.TO vs. TECI.TO - Drawdown Comparison
The maximum TGED.TO drawdown since its inception was -26.19%, smaller than the maximum TECI.TO drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for TGED.TO and TECI.TO.
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Drawdown Indicators
| TGED.TO | TECI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.19% | -55.35% | +29.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -11.92% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -26.77% | +7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.05% | — | — |
Current DrawdownCurrent decline from peak | -6.79% | -8.34% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -22.93% | +18.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 4.31% | -1.18% |
Volatility
TGED.TO vs. TECI.TO - Volatility Comparison
The current volatility for TD Active Global Enhanced Dividend ETF (TGED.TO) is 9.53%, while TD Global Technology Innovators Index ETF (TECI.TO) has a volatility of 13.37%. This indicates that TGED.TO experiences smaller price fluctuations and is considered to be less risky than TECI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGED.TO | TECI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 13.37% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 25.10% | -8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 29.06% | -10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.42% | 30.03% | -13.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 30.03% | -12.91% |
TGED.TO vs. TECI.TO - Expense Ratio Comparison
TGED.TO has a 0.72% expense ratio, which is higher than TECI.TO's 0.50% expense ratio.
Dividends
TGED.TO vs. TECI.TO - Dividend Comparison
TGED.TO's dividend yield for the trailing twelve months is around 3.35%, more than TECI.TO's 0.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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 | 3.35% | 3.79% | 3.01% | 3.97% | 4.70% | 3.44% | 3.63% | 2.54% |
Frequently Asked Questions
TGED.TO and TECI.TO have a correlation of 0.75, 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.
TGED.TO is categorized as Global Equity Income, while TECI.TO is Technology Equities. Their fees differ too: 0.72% for TGED.TO and 0.50% for TECI.TO.
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