TQCD.TO vs. TECI.TO
TQCD.TO (TD Q Canadian Dividend ETF) and TECI.TO (TD Global Technology Innovators Index ETF) are both exchange-traded funds - TQCD.TO is a Canada Equities fund actively managed by TD, while TECI.TO is a Technology Equities fund tracking the Solactive Global Technology Innovators Index (CA NTR). TQCD.TO is actively managed, while TECI.TO is passively managed. Over the past 3 years, TQCD.TO returned 27.23%/yr vs 31.49%/yr for TECI.TO. At a 0.41 correlation, their price movements are largely independent. TQCD.TO charges 0.39%/yr vs 0.50%/yr for TECI.TO.
Performance
TQCD.TO vs. TECI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TQCD.TO achieves a 18.51% return, which is significantly lower than TECI.TO's 39.75% return.
TQCD.TO
- 1D
- 0.83%
- 1M
- 1.92%
- 6M
- 13.83%
- YTD
- 18.51%
- 1Y
- 38.15%
- 3Y*
- 27.23%
- 5Y*
- 18.16%
- 10Y*
- —
TECI.TO
- 1D
- -1.81%
- 1M
- -6.36%
- 6M
- 33.93%
- YTD
- 39.75%
- 1Y
- 59.24%
- 3Y*
- 31.49%
- 5Y*
- —
- 10Y*
- —
TQCD.TO vs. TECI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TQCD.TO TD Q Canadian Dividend ETF | 18.51% | 33.11% | 22.28% | 12.29% | 1.68% | 2.02% |
TECI.TO TD Global Technology Innovators Index ETF | 39.75% | 21.96% | 28.21% | 40.27% | -45.55% | -5.69% |
Correlation
The correlation between TQCD.TO and TECI.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021 | 0.41 |
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Return for Risk
TQCD.TO vs. TECI.TO — Risk / Return Rank
TQCD.TO
TECI.TO
TQCD.TO vs. TECI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Q Canadian Dividend ETF (TQCD.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.
| TQCD.TO | TECI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.34 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 4.99 | +0.28 |
| Martin ratioReturn relative to average drawdown | 25.39 | 13.58 | +11.81 |
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Drawdowns
TQCD.TO vs. TECI.TO - Drawdown Comparison
The maximum TQCD.TO drawdown since its inception was -47.52%, smaller than the maximum TECI.TO drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for TQCD.TO and TECI.TO.
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Drawdown Indicators
| TQCD.TO | TECI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.52% | -55.35% | +7.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -11.92% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.41% | -26.77% | +14.36% |
Max Drawdown (5Y)Largest decline over 5 years | -15.65% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -9.38% | +9.38% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -22.90% | +16.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 4.38% | -2.87% |
Volatility
TQCD.TO vs. TECI.TO - Volatility Comparison
The current volatility for TD Q Canadian Dividend ETF (TQCD.TO) is 2.33%, while TD Global Technology Innovators Index ETF (TECI.TO) has a volatility of 12.70%. This indicates that TQCD.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
| TQCD.TO | TECI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 12.70% | -10.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 25.10% | -16.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 29.07% | -18.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.59% | 30.01% | -17.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 30.01% | -10.32% |
TQCD.TO vs. TECI.TO - Expense Ratio Comparison
TQCD.TO has a 0.39% expense ratio, which is lower than TECI.TO's 0.50% expense ratio.
Dividends
TQCD.TO vs. TECI.TO - Dividend Comparison
TQCD.TO's dividend yield for the trailing twelve months is around 2.73%, 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% |
TQCD.TO TD Q Canadian Dividend ETF | 2.73% | 2.95% | 3.48% | 3.73% | 4.03% | 4.09% | 6.20% | 0.38% |
Frequently Asked Questions
TQCD.TO and TECI.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TQCD.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TQCD.TO is cheaper with a 0.39% expense ratio, compared with 0.50% for TECI.TO.
TQCD.TO is categorized as Canada Equities, while TECI.TO is Technology Equities. Their fees differ too: 0.39% for TQCD.TO and 0.50% for TECI.TO.
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