GOOGL vs. TRP.TO
GOOGL (Alphabet Inc. Class A) and TRP.TO (TC Energy Corporation) are both stocks. GOOGL operates in Internet Content & Information (Communication Services), while TRP.TO operates in Oil & Gas Midstream (Energy). Over the past 10 years, GOOGL returned 25.76%/yr vs 10.57%/yr for TRP.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
GOOGL vs. TRP.TO - Performance Comparison
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Different Trading Currencies
GOOGL 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, GOOGL achieves a 15.06% return, which is significantly lower than TRP.TO's 26.98% return. Over the past 10 years, GOOGL has outperformed TRP.TO with an annualized return of 25.76%, while TRP.TO has yielded a comparatively lower 10.57% annualized return.
GOOGL
- 1D
- 0.53%
- 1M
- -10.61%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 105.30%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
TRP.TO
- 1D
- -0.09%
- 1M
- 3.32%
- YTD
- 26.98%
- 6M
- 29.69%
- 1Y
- 45.76%
- 3Y*
- 26.39%
- 5Y*
- 11.55%
- 10Y*
- 10.57%
GOOGL vs. TRP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
TRP.TO TC Energy Corporation | 26.98% | 24.01% | 26.92% | 5.02% | -8.57% | 20.40% | -18.81% | 54.87% | -22.52% | 12.87% |
Correlation
The correlation between GOOGL and TRP.TO is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.20 |
The correlation between GOOGL and TRP.TO shifts across timeframes, from -0.10 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
GOOGL:
$4.40T
TRP.TO:
CA$101.12B
GOOGL:
$13.11
TRP.TO:
CA$3.31
GOOGL:
27.43
TRP.TO:
29.36
GOOGL:
1.35
TRP.TO:
0.39
GOOGL:
10.40
TRP.TO:
6.41
GOOGL:
9.19
TRP.TO:
4.00
GOOGL:
$422.57B
TRP.TO:
CA$15.76B
GOOGL:
$255.12B
TRP.TO:
CA$8.07B
GOOGL:
$174.08B
TRP.TO:
CA$10.90B
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Return for Risk
GOOGL vs. TRP.TO — Risk / Return Rank
GOOGL
TRP.TO
GOOGL vs. TRP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) 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.
| GOOGL | TRP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.42 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 4.91 | +0.29 |
| Martin ratioReturn relative to average drawdown | 18.48 | 14.69 | +3.80 |
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Drawdowns
GOOGL vs. TRP.TO - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, which is greater than TRP.TO's maximum drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for GOOGL and TRP.TO.
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Drawdown Indicators
| GOOGL | TRP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.29% | -45.94% | -19.35% |
Max Drawdown (1Y)Largest decline over 1 year | -20.37% | -9.37% | -11.00% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -16.90% | -12.91% |
Max Drawdown (5Y)Largest decline over 5 years | -44.32% | -38.51% | -5.81% |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | -41.76% | -2.56% |
Current DrawdownCurrent decline from peak | -10.61% | -2.37% | -8.24% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -12.29% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 3.19% | +2.53% |
Volatility
GOOGL vs. TRP.TO - Volatility Comparison
Alphabet Inc. Class A (GOOGL) has a higher volatility of 7.24% compared to TC Energy Corporation (TRP.TO) at 5.24%. This indicates that GOOGL'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
| GOOGL | TRP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 5.24% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 12.92% | +7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.31% | 17.48% | +11.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.33% | 20.80% | +10.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 24.25% | +4.88% |
Dividends
GOOGL vs. TRP.TO - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.24%, less than TRP.TO's 3.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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% |
Financials
GOOGL vs. TRP.TO - Financials Comparison
This section allows you to compare key financial metrics between Alphabet Inc. Class A 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.
Total Revenue: Total amount of money received from sales and other business activities
GOOGL vs. TRP.TO - Profitability Comparison
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
TRP.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TC Energy Corporation reported a gross profit of 2.40B and revenue of 4.23B. Therefore, the gross margin over that period was 56.7%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
TRP.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TC Energy Corporation reported an operating income of 2.21B and revenue of 4.23B, resulting in an operating margin of 52.1%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
TRP.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TC Energy Corporation reported a net income of 927.00M and revenue of 4.23B, resulting in a net margin of 21.9%.
Frequently Asked Questions
GOOGL and TRP.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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