ZDIV.TO vs. TEC.TO

Last updated Apr 15, 2026

ZDIV.TO (BMO MSCI Canada IMI High Dividend Yield Index ETF) and TEC.TO (TD Global Technology Leaders Index ETF) are both exchange-traded funds — ZDIV.TO is a Dividend fund tracking the MSCI Canada IMI High Dividend Yield Select Index, while TEC.TO is a Technology Equities fund tracking the Solactive Global Technology Leaders Index. Both are passively managed. At 0.06, their price movements are largely independent. ZDIV.TO charges 0.09%/yr vs 0.35%/yr for TEC.TO.

Performance

ZDIV.TO vs. TEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.TO) and TD Global Technology Leaders Index ETF (TEC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZDIV.TO

• 1D: -0.49%
• 1M: 1.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TEC.TO

• 1D: 2.19%
• 1M: 7.71%
• YTD: -0.38%
• 6M: -0.02%
• 1Y: 37.47%
• 3Y*: 28.82%
• 5Y*: 15.06%
• 10Y*: —

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

ZDIV.TO vs. TEC.TO - Yearly Performance Comparison

	2026 (YTD)
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF	8.06%
TEC.TO TD Global Technology Leaders Index ETF	4.16%

Correlation

The correlation between ZDIV.TO and TEC.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026	0.06

Return for Risk

ZDIV.TO vs. TEC.TO — Risk / Return Rank

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

TEC.TO

TEC.TO Risk / Return Rank: 41
TEC.TO Sharpe Ratio Rank: 48
TEC.TO Sortino Ratio Rank: 43
TEC.TO Omega Ratio Rank: 45
TEC.TO Calmar Ratio Rank: 36
TEC.TO Martin Ratio Rank: 32

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.

ZDIV.TO vs. TEC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ZDIV.TO	TEC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.08	0.86	+5.22

Drawdowns

ZDIV.TO vs. TEC.TO - Drawdown Comparison

The maximum ZDIV.TO drawdown since its inception was -1.39%, smaller than the maximum TEC.TO drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for ZDIV.TO and TEC.TO.

Drawdown Indicators

	ZDIV.TO	TEC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-1.39%	-35.31%	+33.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.31%	—
Current Drawdown Current decline from peak	-0.67%	-6.13%	+5.46%
Average Drawdown Average peak-to-trough decline	-0.31%	-8.18%	+7.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.89%	—

Volatility

Volatility by Period

	ZDIV.TO	TEC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.04%	18.60%	-9.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.04%	22.33%	-13.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.04%	23.90%	-14.86%

ZDIV.TO vs. TEC.TO - Expense Ratio Comparison

ZDIV.TO has a 0.09% expense ratio, which is lower than TEC.TO's 0.35% expense ratio.

Dividends

ZDIV.TO vs. TEC.TO - Dividend Comparison

ZDIV.TO's dividend yield for the trailing twelve months is around 0.32%, more than TEC.TO's 0.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TEC.TO TD Global Technology Leaders Index ETF	0.12%	0.13%	0.12%	0.21%	0.31%	0.22%	0.33%	0.28%