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ZQQ.TO vs. TEC.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZQQ.TO vs. TEC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) and TD Global Technology Leaders Index ETF (TEC.TO).

ZQQ.TO and TEC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZQQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 19, 2010. TEC.TO is a passively managed fund by TD that tracks the performance of the Solactive Global Technology Leaders Index. It was launched on Mar 29, 2022. Both ZQQ.TO and TEC.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ZQQ.TO vs. TEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) and TD Global Technology Leaders Index ETF (TEC.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025202420232022202120202019
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		-6.55%18.38%24.00%52.52%-33.75%26.68%45.33%14.62%
TEC.TO
TD Global Technology Leaders Index ETF		-9.09%15.45%45.60%53.28%-32.19%25.46%47.54%12.64%

Returns By Period

In the year-to-date period, ZQQ.TO achieves a -6.55% return, which is significantly higher than TEC.TO's -9.09% return.

ZQQ.TO

1D
3.44%
1M
-5.14%
YTD
-6.55%
6M
-4.71%
1Y
20.77%
3Y*
20.23%
5Y*
11.19%
10Y*
17.14%

TEC.TO

1D
3.86%
1M
-3.17%
YTD
-9.09%
6M
-8.64%
1Y
18.11%
3Y*
24.37%
5Y*
14.22%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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BMO NASDAQ 100 Equity (CAD Hedged)

TD Global Technology Leaders Index ETF

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Often compared with TEC.TO:
TEC.TO vs. QQC.TOTEC.TO vs. XQQ.TOTEC.TO vs. VFV.TOTEC.TO vs. QQQTEC.TO vs. XEQT.TOTEC.TO vs. ZNQ.TOTEC.TO vs. ZSP.TO

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

ZQQ.TO has a 0.39% expense ratio, which is higher than TEC.TO's 0.35% expense ratio.

ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)
TEC.TO
TD Global Technology Leaders Index ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZQQ.TO
ZQQ.TO Risk / Return Rank: 6262
Overall Rank
ZQQ.TO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ZQQ.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
ZQQ.TO Omega Ratio Rank: 6161
Omega Ratio Rank
ZQQ.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
ZQQ.TO Martin Ratio Rank: 6262
Martin Ratio Rank
TEC.TO
TEC.TO Risk / Return Rank: 4444
Overall Rank
TEC.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
TEC.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
TEC.TO Omega Ratio Rank: 4848
Omega Ratio Rank
TEC.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
TEC.TO Martin Ratio Rank: 3636
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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.

ZQQ.TOTEC.TODifference

Sharpe ratio

Return per unit of total volatility

0.94

0.75

+0.19

Sortino ratio

Return per unit of downside risk

1.49

1.19

+0.30

Omega ratio

Gain probability vs. loss probability

1.21

1.17

+0.04

Calmar ratio

Return relative to maximum drawdown

1.62

1.04

+0.58

Martin ratio

Return relative to average drawdown

5.71

3.05

+2.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZQQ.TO vs. TEC.TO - Sharpe Ratio Comparison

The current ZQQ.TO Sharpe Ratio is 0.94, which is comparable to the TEC.TO Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of ZQQ.TO and TEC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ZQQ.TOTEC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.94

0.75

+0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.64

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.80

+0.03

Correlation

The correlation between ZQQ.TO and TEC.TO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ZQQ.TO vs. TEC.TO - Dividend Comparison

ZQQ.TO's dividend yield for the trailing twelve months is around 0.28%, more than TEC.TO's 0.13% yield.

TTM20252024202320222021202020192018201720162015
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		0.28%0.27%0.37%0.32%0.45%0.14%0.41%0.51%0.64%0.57%1.60%0.81%
TEC.TO
TD Global Technology Leaders Index ETF		0.13%0.13%0.12%0.21%0.31%0.22%0.33%0.28%0.00%0.00%0.00%0.00%

Drawdowns

ZQQ.TO vs. TEC.TO - Drawdown Comparison

The maximum ZQQ.TO drawdown since its inception was -36.39%, roughly equal to the maximum TEC.TO drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for ZQQ.TO and TEC.TO.

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Drawdown Indicators

ZQQ.TOTEC.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.39%

-35.31%

-1.08%

Max Drawdown (1Y)

Largest decline over 1 year

-12.86%

-17.52%

+4.66%

Max Drawdown (5Y)

Largest decline over 5 years

-36.39%

-35.31%

-1.08%

Max Drawdown (10Y)

Largest decline over 10 years

-36.39%

—

—

Current Drawdown

Current decline from peak

-9.86%

-14.34%

+4.48%

Average Drawdown

Average peak-to-trough decline

-5.41%

-8.17%

+2.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.65%

5.98%

-2.33%

Volatility

ZQQ.TO vs. TEC.TO - Volatility Comparison

BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) and TD Global Technology Leaders Index ETF (TEC.TO) have volatilities of 6.59% and 6.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZQQ.TOTEC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.59%

6.90%

-0.31%

Volatility (6M)

Calculated over the trailing 6-month period

12.63%

13.42%

-0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

22.20%

24.28%

-2.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.59%

22.32%

+0.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.36%

23.92%

-1.56%