TULV.TO vs. TECI.TO

Last updated Jul 17, 2026

TULV.TO (TD Q U.S. Low Volatility ETF) and TECI.TO (TD Global Technology Innovators Index ETF) are both exchange-traded funds - TULV.TO is a Large Cap Blend Equities fund actively managed by TD, while TECI.TO is a Technology Equities fund tracking the Solactive Global Technology Innovators Index (CA NTR). TULV.TO is actively managed, while TECI.TO is passively managed. Over the past 3 years, TULV.TO returned 11.78%/yr vs 28.65%/yr for TECI.TO. At a 0.03 correlation, their price movements are largely independent. TULV.TO charges 0.35%/yr vs 0.50%/yr for TECI.TO.

Performance

TULV.TO vs. TECI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q U.S. Low Volatility ETF (TULV.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, TULV.TO achieves a 7.34% return, which is significantly lower than TECI.TO's 33.72% return.

TULV.TO

• 1D: 1.88%
• 1M: 3.10%
• 6M: 4.45%
• YTD: 7.34%
• 1Y: 12.89%
• 3Y*: 11.78%
• 5Y*: 8.73%
• 10Y*: —

TECI.TO

• 1D: -1.37%
• 1M: -8.44%
• 6M: 25.69%
• YTD: 33.72%
• 1Y: 49.50%
• 3Y*: 28.65%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
TULV.TO TD Q U.S. Low Volatility ETF	7.34%	3.62%	23.74%	-3.31%	2.02%	6.16%
TECI.TO TD Global Technology Innovators Index ETF	33.72%	21.96%	28.21%	40.27%	-45.55%	-5.69%

Correlation

The correlation between TULV.TO and TECI.TO is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021	0.03

The correlation between TULV.TO and TECI.TO shifts across timeframes, from -0.17 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

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

TULV.TO

TULV.TO Risk / Return Rank: 40
TULV.TO Sharpe Ratio Rank: 39
TULV.TO Sortino Ratio Rank: 41
TULV.TO Omega Ratio Rank: 37
TULV.TO Calmar Ratio Rank: 47
TULV.TO Martin Ratio Rank: 36

TECI.TO

TECI.TO Risk / Return Rank: 69
TECI.TO Sharpe Ratio Rank: 66
TECI.TO Sortino Ratio Rank: 58
TECI.TO Omega Ratio Rank: 59
TECI.TO Calmar Ratio Rank: 86
TECI.TO Martin Ratio Rank: 76

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.

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

This table presents a comparison of risk-adjusted performance metrics for TD Q U.S. Low Volatility ETF (TULV.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.

	TULV.TO	TECI.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.70	-0.56
Sortino ratio: Return per unit of downside risk	1.74	2.20	-0.46
Omega ratio: Gain probability vs. loss probability	1.21	1.29	-0.08
Calmar ratio: Return relative to maximum drawdown	1.97	3.74	-1.77
Martin ratio: Return relative to average drawdown	4.42	10.98	-6.57

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

The current TULV.TO Sharpe Ratio is 1.14, which is lower than the TECI.TO Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of TULV.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

TULV.TO vs. TECI.TO - Drawdown Comparison

The maximum TULV.TO drawdown since its inception was -11.78%, smaller than the maximum TECI.TO drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for TULV.TO and TECI.TO.

Drawdown Indicators

	TULV.TO	TECI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.78%	-55.35%	+43.57%
Max Drawdown (1Y) Largest decline over 1 year	-6.56%	-13.29%	+6.73%
Max Drawdown (3Y) Largest decline over 3 years	-11.39%	-26.77%	+15.38%
Max Drawdown (5Y) Largest decline over 5 years	-11.78%	—	—
Current Drawdown Current decline from peak	-0.95%	-13.29%	+12.34%
Average Drawdown Average peak-to-trough decline	-3.59%	-22.88%	+19.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	4.52%	-1.59%

Volatility

TULV.TO vs. TECI.TO - Volatility Comparison

The current volatility for TD Q U.S. Low Volatility ETF (TULV.TO) is 4.85%, while TD Global Technology Innovators Index ETF (TECI.TO) has a volatility of 12.76%. This indicates that TULV.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

	TULV.TO	TECI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	12.76%	-7.91%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	25.30%	-16.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.35%	29.28%	-17.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.03%	30.03%	-18.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.76%	30.03%	-18.27%

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

TULV.TO has a 0.35% expense ratio, which is lower than TECI.TO's 0.50% expense ratio.

Dividends

TULV.TO vs. TECI.TO - Dividend Comparison

TULV.TO's dividend yield for the trailing twelve months is around 1.73%, more than TECI.TO's 0.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
TECI.TO TD Global Technology Innovators Index ETF	0.07%	0.10%	0.43%	0.55%	0.77%	0.00%	0.00%
TULV.TO TD Q U.S. Low Volatility ETF	1.73%	1.80%	1.48%	1.96%	1.57%	1.37%	0.83%

Frequently Asked Questions

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

TULV.TO and TECI.TO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, TULV.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

TULV.TO is cheaper with a 0.35% expense ratio, compared with 0.50% for TECI.TO.

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

TULV.TO is categorized as Large Cap Blend Equities, while TECI.TO is Technology Equities. Their fees differ too: 0.35% for TULV.TO and 0.50% for TECI.TO.