AVDE vs. TRP.TO

Last updated Jun 14, 2026

AVDE (Avantis International Equity ETF) is Foreign Large Cap Equities fund actively managed by Avantis, while TRP.TO (TC Energy Corporation) is a stock. Over the past 5 years, AVDE returned 9.98%/yr vs 11.58%/yr for TRP.TO. At a 0.33 correlation, their price movements are largely independent.

Performance

AVDE vs. TRP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Equity ETF (AVDE) and TC Energy Corporation (TRP.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AVDE is traded in USD, while TRP.TO is traded in CAD. To make them comparable, the TRP.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AVDE achieves a 10.87% return, which is significantly lower than TRP.TO's 27.11% return.

AVDE

• 1D: 0.59%
• 1M: 1.98%
• YTD: 10.87%
• 6M: 12.42%
• 1Y: 27.50%
• 3Y*: 19.56%
• 5Y*: 9.98%
• 10Y*: —

TRP.TO

• 1D: 0.01%
• 1M: 1.70%
• YTD: 27.11%
• 6M: 29.83%
• 1Y: 46.72%
• 3Y*: 26.43%
• 5Y*: 11.58%
• 10Y*: 10.58%

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

AVDE vs. TRP.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	10.87%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	7.95%
TRP.TO TC Energy Corporation	27.11%	24.01%	26.92%	5.02%	-8.57%	20.40%	-18.81%	4.06%

Correlation

The correlation between AVDE and TRP.TO is 0.07, 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 (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.33

Over the past year, the correlation between AVDE and TRP.TO has dropped to 0.07 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Return for Risk

AVDE vs. TRP.TO — Risk / Return Rank

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

AVDE

AVDE Risk / Return Rank: 58
AVDE Sharpe Ratio Rank: 60
AVDE Sortino Ratio Rank: 60
AVDE Omega Ratio Rank: 59
AVDE Calmar Ratio Rank: 52
AVDE Martin Ratio Rank: 58

TRP.TO

TRP.TO Risk / Return Rank: 95
TRP.TO Sharpe Ratio Rank: 95
TRP.TO Sortino Ratio Rank: 96
TRP.TO Omega Ratio Rank: 93
TRP.TO Calmar Ratio Rank: 94
TRP.TO Martin Ratio Rank: 94

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.

AVDE vs. TRP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and TC Energy Corporation (TRP.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.

	AVDE	TRP.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.64	-0.88
Sortino ratio: Return per unit of downside risk	2.47	3.81	-1.34
Omega ratio: Gain probability vs. loss probability	1.32	1.43	-0.11
Calmar ratio: Return relative to maximum drawdown	2.30	4.92	-2.62
Martin ratio: Return relative to average drawdown	9.00	14.74	-5.74

AVDE vs. TRP.TO - Sharpe Ratio Comparison

The current AVDE Sharpe Ratio is 1.76, which is lower than the TRP.TO Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of AVDE and TRP.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

AVDE vs. TRP.TO - Drawdown Comparison

The maximum AVDE drawdown since its inception was -36.99%, smaller than the maximum TRP.TO drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for AVDE and TRP.TO.

Drawdown Indicators

	AVDE	TRP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	-45.94%	+8.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-9.37%	-2.11%
Max Drawdown (3Y) Largest decline over 3 years	-13.46%	-16.90%	+3.44%
Max Drawdown (5Y) Largest decline over 5 years	-28.73%	-38.51%	+9.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.76%	—
Current Drawdown Current decline from peak	-1.09%	-2.27%	+1.18%
Average Drawdown Average peak-to-trough decline	-6.15%	-12.29%	+6.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	3.19%	-0.25%

Volatility

AVDE vs. TRP.TO - Volatility Comparison

Avantis International Equity ETF (AVDE) has a higher volatility of 5.57% compared to TC Energy Corporation (TRP.TO) at 5.23%. This indicates that AVDE's price experiences larger fluctuations and is considered to be riskier than TRP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDE	TRP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	5.23%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	12.92%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	17.48%	-2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	20.80%	-4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	24.25%	-5.32%

Dividends

AVDE vs. TRP.TO - Dividend Comparison

AVDE's dividend yield for the trailing twelve months is around 3.84%, more than TRP.TO's 3.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	3.84%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
TRP.TO TC Energy Corporation	3.53%	4.50%	5.40%	6.71%	6.67%	5.92%	6.26%	4.34%	5.66%	4.09%	3.73%	4.60%

Frequently Asked Questions

Can I hold both AVDE and TRP.TO in my portfolio?

AVDE and TRP.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.