TLF.TO vs. INAI.TO
TLF.TO (Brompton Tech Leaders Income ETF) and INAI.TO (Invesco Morningstar Global Next Gen AI Index ETF) are both Technology Equities funds. TLF.TO is actively managed, while INAI.TO is passively managed. Over the past year, TLF.TO returned 38.85% vs 39.33% for INAI.TO. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
TLF.TO vs. INAI.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TLF.TO having a 27.21% return and INAI.TO slightly higher at 27.50%.
TLF.TO
- 1D
- -1.40%
- 1M
- -3.87%
- 6M
- 25.65%
- YTD
- 27.21%
- 1Y
- 38.85%
- 3Y*
- 26.00%
- 5Y*
- 17.07%
- 10Y*
- 21.83%
INAI.TO
- 1D
- -1.15%
- 1M
- -5.79%
- 6M
- 21.81%
- YTD
- 27.50%
- 1Y
- 39.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLF.TO vs. INAI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TLF.TO Brompton Tech Leaders Income ETF | 27.21% | 18.20% | 16.19% |
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF | 27.50% | 24.92% | 36.26% |
Correlation
The correlation between TLF.TO and INAI.TO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2024 | 0.65 |
The correlation between TLF.TO and INAI.TO shifts across timeframes, from 0.65 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TLF.TO vs. INAI.TO — Risk / Return Rank
TLF.TO
INAI.TO
TLF.TO vs. INAI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brompton Tech Leaders Income ETF (TLF.TO) and Invesco Morningstar Global Next Gen AI Index ETF (INAI.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.
| TLF.TO | INAI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 1.56 | +1.09 |
| Martin ratioReturn relative to average drawdown | 9.20 | 4.02 | +5.17 |
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Drawdowns
TLF.TO vs. INAI.TO - Drawdown Comparison
The maximum TLF.TO drawdown since its inception was -37.19%, which is greater than INAI.TO's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for TLF.TO and INAI.TO.
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Drawdown Indicators
| TLF.TO | INAI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.19% | -26.78% | -10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -14.73% | -25.34% | +10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -24.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.19% | — | — |
Current DrawdownCurrent decline from peak | -6.84% | -9.12% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -5.69% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 9.81% | -5.57% |
Volatility
TLF.TO vs. INAI.TO - Volatility Comparison
Brompton Tech Leaders Income ETF (TLF.TO) has a higher volatility of 13.38% compared to Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO) at 9.38%. This indicates that TLF.TO's price experiences larger fluctuations and is considered to be riskier than INAI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLF.TO | INAI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.38% | 9.38% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 21.66% | 23.47% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.42% | 29.45% | -5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.80% | 27.98% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.20% | 27.98% | -3.78% |
Dividends
TLF.TO vs. INAI.TO - Dividend Comparison
TLF.TO's dividend yield for the trailing twelve months is around 5.41%, more than INAI.TO's 0.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF | 0.02% | 0.07% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLF.TO Brompton Tech Leaders Income ETF | 5.41% | 5.90% | 5.86% | 5.31% | 6.97% | 3.40% | 3.49% | 4.64% | 6.05% | 5.94% | 7.67% | 7.63% |
Frequently Asked Questions
TLF.TO and INAI.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Brompton and Invesco.
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