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TGRE.TO vs. TEC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TGRE.TO vs. TEC.TO

Last updated Jul 16, 2026
Documentation

TGRE.TO (TD Active Global Real Estate Equity ETF) and TEC.TO (TD Global Technology Leaders Index ETF) are both exchange-traded funds - TGRE.TO is a REIT fund actively managed by TD, while TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index (CA NTR). TGRE.TO is actively managed, while TEC.TO is passively managed. Over the past 5 years, TGRE.TO returned 2.56%/yr vs 17.40%/yr for TEC.TO. At a 0.29 correlation, their price movements are largely independent.

Performance

TGRE.TO vs. TEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Active Global Real Estate Equity ETF (TGRE.TO) and TD Global Technology Leaders Index ETF (TEC.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, TGRE.TO achieves a 11.82% return, which is significantly lower than TEC.TO's 15.77% return.

TGRE.TO

1D
0.51%
1M
0.97%
6M
7.74%
YTD
11.82%
1Y
13.18%
3Y*
10.96%
5Y*
2.56%
10Y*
—

TEC.TO

1D
0.47%
1M
-0.52%
6M
14.54%
YTD
15.77%
1Y
29.05%
3Y*
28.19%
5Y*
17.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TGRE.TO vs. TEC.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TGRE.TO
TD Active Global Real Estate Equity ETF		11.82%0.39%14.77%8.69%-27.34%32.66%2.37%-0.70%
TEC.TO
TD Global Technology Leaders Index ETF		15.77%15.45%45.60%53.28%-32.20%25.46%47.54%2.19%

Correlation

The correlation between TGRE.TO and TEC.TO is 0.09, 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

0.09

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

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2019

0.29

Over the past year, the correlation between TGRE.TO and TEC.TO has dropped to 0.09 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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

TD Active Global Real Estate Equity ETF

TD Global Technology Leaders Index ETF

Often compared with TEC.TO:
TEC.TO vs. QQC.TOTEC.TO vs. XQQ.TOTEC.TO vs. QQQTEC.TO vs. VFV.TOTEC.TO vs. XEQT.TOTEC.TO vs. ZQQ.TOTEC.TO vs. ZNQ.TO

Return for Risk

TGRE.TO vs. TEC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TGRE.TO
TGRE.TO Risk / Return Rank: 3232
Overall Rank
TGRE.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
TGRE.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
TGRE.TO Omega Ratio Rank: 2929
Omega Ratio Rank
TGRE.TO Calmar Ratio Rank: 3737
Calmar Ratio Rank
TGRE.TO Martin Ratio Rank: 3434
Martin Ratio Rank
TEC.TO
TEC.TO Risk / Return Rank: 4848
Overall Rank
TEC.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
TEC.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
TEC.TO Omega Ratio Rank: 5353
Omega Ratio Rank
TEC.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
TEC.TO Martin Ratio Rank: 3838
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.

TGRE.TO vs. TEC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Active Global Real Estate Equity ETF (TGRE.TO) and TD Global Technology Leaders Index ETF (TEC.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.

TGRE.TOTEC.TODifference
Sharpe ratioReturn per unit of total volatility
0.98
1.56

-0.58

Sortino ratioReturn per unit of downside risk
1.41
2.10

-0.68

Omega ratioGain probability vs. loss probability

1.17

1.27

-0.10

Calmar ratioReturn relative to maximum drawdown

1.58

1.67

-0.09

Martin ratioReturn relative to average drawdown

4.13

4.83

-0.70

TGRE.TO vs. TEC.TO - Sharpe Ratio Comparison

The current TGRE.TO Sharpe Ratio is 0.98, which is lower than the TEC.TO Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of TGRE.TO and TEC.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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Drawdowns

TGRE.TO vs. TEC.TO - Drawdown Comparison

The maximum TGRE.TO drawdown since its inception was -33.49%, smaller than the maximum TEC.TO drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for TGRE.TO and TEC.TO.

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Drawdown Indicators

TGRE.TOTEC.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.49%

-35.31%

+1.82%

Max Drawdown (1Y)

Largest decline over 1 year

-8.40%

-17.52%

+9.12%

Max Drawdown (3Y)

Largest decline over 3 years

-12.62%

-25.01%

+12.39%

Max Drawdown (5Y)

Largest decline over 5 years

-33.49%

-35.31%

+1.82%

Current Drawdown

Current decline from peak

-1.17%

-2.54%

+1.37%

Average Drawdown

Average peak-to-trough decline

-12.77%

-7.97%

-4.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

6.03%

-2.83%

Volatility

TGRE.TO vs. TEC.TO - Volatility Comparison

The current volatility for TD Active Global Real Estate Equity ETF (TGRE.TO) is 3.92%, while TD Global Technology Leaders Index ETF (TEC.TO) has a volatility of 6.15%. This indicates that TGRE.TO experiences smaller price fluctuations and is considered to be less risky than TEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TGRE.TOTEC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

6.15%

-2.23%

Volatility (6M)

Calculated over the trailing 6-month period

10.58%

15.05%

-4.47%

Volatility (1Y)

Calculated over the trailing 1-year period

13.49%

18.66%

-5.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.27%

22.61%

-7.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.36%

23.81%

-6.45%

Dividends

TGRE.TO vs. TEC.TO - Dividend Comparison

TGRE.TO's dividend yield for the trailing twelve months is around 4.78%, more than TEC.TO's 0.08% yield.

PositionTTM2025202420232022202120202019
TEC.TO
TD Global Technology Leaders Index ETF		0.08%0.13%0.12%0.21%0.31%0.22%0.33%0.28%
TGRE.TO
TD Active Global Real Estate Equity ETF		4.78%5.21%4.50%4.93%5.00%1.92%2.04%0.17%

Frequently Asked Questions

TGRE.TO and TEC.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TGRE.TO is categorized as REIT, while TEC.TO is Technology Equities.

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