TPE.TO vs. TECI.TO

Last updated Jul 16, 2026

TPE.TO (TD International Equity Index ETF) and TECI.TO (TD Global Technology Innovators Index ETF) are both exchange-traded funds - TPE.TO is a International Equity fund tracking the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index (CA NTR), while TECI.TO is a Technology Equities fund tracking the Solactive Global Technology Innovators Index (CA NTR). Both are passively managed. Over the past 3 years, TPE.TO returned 18.18%/yr vs 31.49%/yr for TECI.TO. A 0.51 correlation means they provide meaningful diversification when combined. TPE.TO charges 0.19%/yr vs 0.50%/yr for TECI.TO.

Performance

TPE.TO vs. TECI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD International Equity Index ETF (TPE.TO) and TD Global Technology Innovators Index ETF (TECI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPE.TO achieves a 13.27% return, which is significantly lower than TECI.TO's 39.75% return.

TPE.TO

• 1D: 0.46%
• 1M: 1.06%
• 6M: 8.12%
• YTD: 13.27%
• 1Y: 26.13%
• 3Y*: 18.18%
• 5Y*: 11.52%
• 10Y*: 10.31%

TECI.TO

• 1D: -1.81%
• 1M: -6.36%
• 6M: 33.93%
• YTD: 39.75%
• 1Y: 59.24%
• 3Y*: 31.49%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
TPE.TO TD International Equity Index ETF	13.27%	25.30%	12.36%	15.65%	-9.18%	2.91%
TECI.TO TD Global Technology Innovators Index ETF	39.75%	21.96%	28.21%	40.27%	-45.55%	-5.69%

Correlation

The correlation between TPE.TO and TECI.TO is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021	0.51

The correlation between TPE.TO and TECI.TO has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.

Return for Risk

TPE.TO vs. TECI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TPE.TO

TPE.TO Risk / Return Rank: 63
TPE.TO Sharpe Ratio Rank: 64
TPE.TO Sortino Ratio Rank: 66
TPE.TO Omega Ratio Rank: 67
TPE.TO Calmar Ratio Rank: 57
TPE.TO Martin Ratio Rank: 61

TECI.TO

TECI.TO Risk / Return Rank: 80
TECI.TO Sharpe Ratio Rank: 81
TECI.TO Sortino Ratio Rank: 70
TECI.TO Omega Ratio Rank: 71
TECI.TO Calmar Ratio Rank: 93
TECI.TO Martin Ratio Rank: 85

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.

TPE.TO vs. TECI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD International Equity Index ETF (TPE.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.

	TPE.TO	TECI.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.05	-0.33
Sortino ratio: Return per unit of downside risk	2.45	2.55	-0.09
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	2.31	4.99	-2.68
Martin ratio: Return relative to average drawdown	8.72	13.58	-4.86

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

The current TPE.TO Sharpe Ratio is 1.71, which is comparable to the TECI.TO Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of TPE.TO and TECI.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

TPE.TO vs. TECI.TO - Drawdown Comparison

The maximum TPE.TO drawdown since its inception was -27.42%, smaller than the maximum TECI.TO drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for TPE.TO and TECI.TO.

Drawdown Indicators

	TPE.TO	TECI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.42%	-55.35%	+27.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.35%	-11.92%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-26.77%	+12.36%
Max Drawdown (5Y) Largest decline over 5 years	-24.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	—	—
Current Drawdown Current decline from peak	-1.77%	-9.38%	+7.61%
Average Drawdown Average peak-to-trough decline	-4.37%	-22.90%	+18.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	4.38%	-1.38%

Volatility

TPE.TO vs. TECI.TO - Volatility Comparison

The current volatility for TD International Equity Index ETF (TPE.TO) is 3.13%, while TD Global Technology Innovators Index ETF (TECI.TO) has a volatility of 12.70%. This indicates that TPE.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.

Volatility by Period

	TPE.TO	TECI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	12.70%	-9.57%
Volatility (6M) Calculated over the trailing 6-month period	13.21%	25.10%	-11.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.34%	29.07%	-13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	30.01%	-15.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.68%	30.01%	-15.33%

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

TPE.TO has a 0.19% expense ratio, which is lower than TECI.TO's 0.50% expense ratio.

Dividends

TPE.TO vs. TECI.TO - Dividend Comparison

TPE.TO's dividend yield for the trailing twelve months is around 2.11%, more than TECI.TO's 0.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TECI.TO TD Global Technology Innovators Index ETF	0.07%	0.10%	0.43%	0.55%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TPE.TO TD International Equity Index ETF	2.11%	2.30%	2.37%	2.66%	2.89%	2.41%	2.42%	2.60%	2.93%	2.35%	2.21%

Frequently Asked Questions

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

TPE.TO and TECI.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPE.TO or TECI.TO?

On fees, TPE.TO is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

TPE.TO is cheaper with a 0.19% expense ratio, compared with 0.50% for TECI.TO.

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

TPE.TO is categorized as International Equity, while TECI.TO is Technology Equities. TPE.TO tracks Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index (CA NTR), while TECI.TO tracks Solactive Global Technology Innovators Index (CA NTR). Their fees differ too: 0.19% for TPE.TO and 0.50% for TECI.TO.