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FTS.TO vs. TRP.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

FTS.TO vs. TRP.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fortis Inc. (FTS.TO) and TC Energy Corporation (TRP.TO).

Performance

FTS.TO vs. TRP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fortis Inc. (FTS.TO) and TC Energy Corporation (TRP.TO). The values are adjusted to include any dividend payments, if applicable.

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FTS.TO vs. TRP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FTS.TO
Fortis Inc.		9.66%23.93%14.24%4.76%-7.87%21.81%0.04%22.71%2.74%15.29%
TRP.TO
TC Energy Corporation		15.26%18.35%51.38%3.03%-2.77%20.35%-20.74%48.50%-16.00%5.23%

Fundamentals

Market Cap

FTS.TO:

CA$39.32B

TRP.TO:

CA$90.68B

EPS

FTS.TO:

CA$3.56

TRP.TO:

CA$3.38

PE Ratio

FTS.TO:

21.78

TRP.TO:

25.75

PEG Ratio

FTS.TO:

3.17

TRP.TO:

0.34

PS Ratio

FTS.TO:

3.22

TRP.TO:

5.98

PB Ratio

FTS.TO:

1.77

TRP.TO:

3.62

Total Revenue (TTM)

FTS.TO:

CA$12.17B

TRP.TO:

CA$15.15B

Gross Profit (TTM)

FTS.TO:

CA$4.52B

TRP.TO:

CA$7.55B

EBITDA (TTM)

FTS.TO:

CA$5.89B

TRP.TO:

CA$10.71B

Returns By Period

In the year-to-date period, FTS.TO achieves a 9.66% return, which is significantly lower than TRP.TO's 15.26% return. Over the past 10 years, FTS.TO has underperformed TRP.TO with an annualized return of 10.75%, while TRP.TO has yielded a comparatively higher 12.52% annualized return.

FTS.TO

1D
-0.58%
1M
-1.10%
YTD
9.66%
6M
11.84%
1Y
22.65%
3Y*
14.94%
5Y*
11.53%
10Y*
10.75%

TRP.TO

1D
-0.74%
1M
-0.62%
YTD
15.26%
6M
16.40%
1Y
32.79%
3Y*
29.00%
5Y*
16.68%
10Y*
12.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Fortis Inc.

TC Energy Corporation

Often compared with FTS.TO:
FTS.TO vs. CU.TOFTS.TO vs. EMA.TOFTS.TO vs. T.TOFTS.TO vs. H.TOFTS.TO vs. VDY.TOFTS.TO vs. BIP-UN.TOFTS.TO vs. AEM.TO
Often compared with TRP.TO:
TRP.TO vs. ENB.TOTRP.TO vs. CNQ.TOTRP.TO vs. CNR.TOTRP.TO vs. PEY.TOTRP.TO vs. CLS.TOTRP.TO vs. ATD.TOTRP.TO vs. SPY

Return for Risk

FTS.TO vs. TRP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTS.TO
FTS.TO Risk / Return Rank: 8787
Overall Rank
FTS.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FTS.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
FTS.TO Omega Ratio Rank: 8282
Omega Ratio Rank
FTS.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
FTS.TO Martin Ratio Rank: 8686
Martin Ratio Rank
TRP.TO
TRP.TO Risk / Return Rank: 8787
Overall Rank
TRP.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
TRP.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
TRP.TO Omega Ratio Rank: 8484
Omega Ratio Rank
TRP.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
TRP.TO Martin Ratio Rank: 8787
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.

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

This table presents a comparison of risk-adjusted performance metrics for Fortis Inc. (FTS.TO) 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.

FTS.TOTRP.TODifference

Sharpe ratio

Return per unit of total volatility

1.69

1.84

-0.15

Sortino ratio

Return per unit of downside risk

2.46

2.55

-0.09

Omega ratio

Gain probability vs. loss probability

1.30

1.32

-0.02

Calmar ratio

Return relative to maximum drawdown

3.87

3.57

+0.30

Martin ratio

Return relative to average drawdown

8.05

8.65

-0.60

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

FTS.TO vs. TRP.TO - Sharpe Ratio Comparison

The current FTS.TO Sharpe Ratio is 1.69, which is comparable to the TRP.TO Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FTS.TO and TRP.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

FTS.TOTRP.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.69

1.84

-0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

0.89

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.55

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.53

+0.12

Correlation

The correlation between FTS.TO and TRP.TO is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FTS.TO vs. TRP.TO - Dividend Comparison

FTS.TO's dividend yield for the trailing twelve months is around 3.23%, more than TRP.TO's 2.93% yield.

TTM20252024202320222021202020192018201720162015
FTS.TO
Fortis Inc.		3.23%3.48%3.99%4.19%4.01%3.36%3.73%3.39%3.79%3.52%3.68%3.73%
TRP.TO
TC Energy Corporation		2.93%4.50%5.15%7.19%6.67%5.92%6.27%4.34%5.67%4.09%3.74%4.61%

Drawdowns

FTS.TO vs. TRP.TO - Drawdown Comparison

The maximum FTS.TO drawdown since its inception was -35.48%, smaller than the maximum TRP.TO drawdown of -60.13%. Use the drawdown chart below to compare losses from any high point for FTS.TO and TRP.TO.

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Drawdown Indicators

FTS.TOTRP.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.48%

-60.13%

+24.65%

Max Drawdown (1Y)

Largest decline over 1 year

-6.22%

-9.18%

+2.96%

Max Drawdown (5Y)

Largest decline over 5 years

-24.01%

-33.81%

+9.80%

Max Drawdown (10Y)

Largest decline over 10 years

-28.27%

-36.30%

+8.03%

Current Drawdown

Current decline from peak

-3.11%

-2.12%

-0.99%

Average Drawdown

Average peak-to-trough decline

-6.54%

-9.00%

+2.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

3.79%

-0.80%

Volatility

FTS.TO vs. TRP.TO - Volatility Comparison

Fortis Inc. (FTS.TO) has a higher volatility of 4.35% compared to TC Energy Corporation (TRP.TO) at 3.56%. This indicates that FTS.TO'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.

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Volatility by Period

FTS.TOTRP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.35%

3.56%

+0.79%

Volatility (6M)

Calculated over the trailing 6-month period

9.53%

11.80%

-2.27%

Volatility (1Y)

Calculated over the trailing 1-year period

13.46%

17.87%

-4.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.23%

18.97%

-4.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.81%

22.96%

-6.15%

Financials

FTS.TO vs. TRP.TO - Financials Comparison

This section allows you to compare key financial metrics between Fortis Inc. and TC Energy Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

1.00B1.50B2.00B2.50B3.00B3.50B4.00B4.50BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
3.08B
4.08B
(FTS.TO) Total Revenue
(TRP.TO) Total Revenue
Values in CAD except per share items

FTS.TO vs. TRP.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Fortis Inc. and TC Energy Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
30.0%35.0%40.0%45.0%50.0%55.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
28.2%
49.7%
Portfolio components
FTS.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Fortis Inc. reported a gross profit of 868.00M and revenue of 3.08B. Therefore, the gross margin over that period was 28.2%.

TRP.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TC Energy Corporation reported a gross profit of 2.03B and revenue of 4.08B. Therefore, the gross margin over that period was 49.7%.

FTS.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Fortis Inc. reported an operating income of 868.00M and revenue of 3.08B, resulting in an operating margin of 28.2%.

TRP.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TC Energy Corporation reported an operating income of 1.80B and revenue of 4.08B, resulting in an operating margin of 44.2%.

FTS.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Fortis Inc. reported a net income of 444.00M and revenue of 3.08B, resulting in a net margin of 14.4%.

TRP.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TC Energy Corporation reported a net income of 1.02B and revenue of 4.08B, resulting in a net margin of 24.9%.