XIT.TO vs. TEC.TO
XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and TEC.TO (TD Global Technology Leaders Index ETF) are both Technology Equities funds - XIT.TO tracks the Morningstar Gbl GR CAD while TEC.TO tracks the Solactive Global Technology Leaders Index (CA NTR). Both are passively managed. Over the past 5 years, XIT.TO returned 8.31%/yr vs 20.41%/yr for TEC.TO. A 0.72 correlation means they provide meaningful diversification when combined. XIT.TO charges 0.60%/yr vs 0.39%/yr for TEC.TO.
Performance
XIT.TO vs. TEC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIT.TO achieves a -4.19% return, which is significantly lower than TEC.TO's 17.96% return.
XIT.TO
- 1D
- -3.62%
- 1M
- 5.49%
- YTD
- -4.19%
- 6M
- -5.79%
- 1Y
- 9.80%
- 3Y*
- 17.90%
- 5Y*
- 8.31%
- 10Y*
- 17.57%
TEC.TO
- 1D
- -0.70%
- 1M
- 12.30%
- YTD
- 17.96%
- 6M
- 15.29%
- 1Y
- 40.60%
- 3Y*
- 31.18%
- 5Y*
- 20.41%
- 10Y*
- —
XIT.TO vs. TEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | -4.19% | 15.48% | 30.02% | 55.56% | -35.85% | 10.73% | 45.91% | 17.79% |
TEC.TO TD Global Technology Leaders Index ETF | 17.96% | 15.45% | 45.60% | 53.28% | -32.19% | 25.46% | 47.54% | 12.64% |
Correlation
The correlation between XIT.TO and TEC.TO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 10, 2019 | 0.72 |
The correlation between XIT.TO and TEC.TO shifts across timeframes, from 0.62 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
XIT.TO vs. TEC.TO - Sectors Allocation Comparison
Sectors
XIT.TO
TEC.TO
Technology
Financial Services
Industrials
Basic Materials
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-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
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-
Energy
-
-
Healthcare
-
Real Estate
-
Utilities
-
-
Technology
XIT.TO
TEC.TO
Financial Services
XIT.TO
TEC.TO
Industrials
XIT.TO
TEC.TO
Basic Materials
XIT.TO
-
TEC.TO
-
Communication Services
XIT.TO
-
TEC.TO
Consumer Cyclical
XIT.TO
-
TEC.TO
Consumer Defensive
XIT.TO
-
TEC.TO
-
Energy
XIT.TO
-
TEC.TO
-
Healthcare
XIT.TO
-
TEC.TO
Real Estate
XIT.TO
-
TEC.TO
Utilities
XIT.TO
-
TEC.TO
-
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Return for Risk
XIT.TO vs. TEC.TO — Risk / Return Rank
XIT.TO
TEC.TO
XIT.TO vs. TEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.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.
| XIT.TO | TEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.41 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 2.33 | -2.02 |
| Martin ratioReturn relative to average drawdown | 0.62 | 6.92 | -6.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XIT.TO | TEC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 2.42 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.92 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.97 | -0.67 |
Drawdowns
XIT.TO vs. TEC.TO - Drawdown Comparison
The maximum XIT.TO drawdown since its inception was -81.18%, which is greater than TEC.TO's maximum drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for XIT.TO and TEC.TO.
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Drawdown Indicators
| XIT.TO | TEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.18% | -35.31% | -45.87% |
Max Drawdown (1Y)Largest decline over 1 year | -31.93% | -17.52% | -14.41% |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | -25.01% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -54.15% | -35.31% | -18.84% |
Max Drawdown (10Y)Largest decline over 10 years | -54.15% | — | — |
Current DrawdownCurrent decline from peak | -14.47% | -0.70% | -13.77% |
Average DrawdownAverage peak-to-trough decline | -26.86% | -8.04% | -18.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.74% | 5.89% | +9.85% |
Volatility
XIT.TO vs. TEC.TO - Volatility Comparison
iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a higher volatility of 11.83% compared to TD Global Technology Leaders Index ETF (TEC.TO) at 4.75%. This indicates that XIT.TO's price experiences larger fluctuations and is considered to be riskier 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
| XIT.TO | TEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | 4.75% | +7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 24.39% | 12.86% | +11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.36% | 16.86% | +14.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.37% | 22.32% | +7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 23.78% | +2.93% |
XIT.TO vs. TEC.TO - Expense Ratio Comparison
XIT.TO has a 0.60% expense ratio, which is higher than TEC.TO's 0.39% expense ratio.
Dividends
XIT.TO vs. TEC.TO - Dividend Comparison
XIT.TO has not paid dividends to shareholders, while TEC.TO's dividend yield for the trailing twelve months is around 0.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEC.TO TD Global Technology Leaders Index ETF | 0.10% | 0.13% | 0.12% | 0.21% | 0.31% | 0.22% | 0.33% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.29% | 0.00% | 0.13% | 0.14% | 0.08% |
Frequently Asked Questions
XIT.TO and TEC.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TEC.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TEC.TO is cheaper with a 0.39% expense ratio, compared with 0.60% for XIT.TO.
XIT.TO tracks Morningstar Gbl GR CAD, while TEC.TO tracks Solactive Global Technology Leaders Index (CA NTR). They also come from different issuers: iShares and TD. Their fees differ too: 0.60% for XIT.TO and 0.39% for TEC.TO.
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