GRT-UN.TO vs. TRP.TO
GRT-UN.TO (Granite Real Estate Investment Trust) and TRP.TO (TC Energy Corporation) are both stocks. GRT-UN.TO operates in REIT - Industrial (Real Estate), while TRP.TO operates in Oil & Gas Midstream (Energy). Over the past 10 years, GRT-UN.TO returned 14.52%/yr vs 11.53%/yr for TRP.TO. At a 0.15 correlation, their price movements are largely independent.
Performance
GRT-UN.TO vs. TRP.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GRT-UN.TO achieves a 17.52% return, which is significantly lower than TRP.TO's 29.69% return. Over the past 10 years, GRT-UN.TO has outperformed TRP.TO with an annualized return of 14.52%, while TRP.TO has yielded a comparatively lower 11.53% annualized return.
GRT-UN.TO
- 1D
- 0.15%
- 1M
- 5.76%
- YTD
- 17.52%
- 6M
- 23.98%
- 1Y
- 37.73%
- 3Y*
- 9.82%
- 5Y*
- 7.16%
- 10Y*
- 14.52%
TRP.TO
- 1D
- 0.20%
- 1M
- 5.50%
- YTD
- 29.69%
- 6M
- 31.68%
- 1Y
- 49.18%
- 3Y*
- 28.32%
- 5Y*
- 14.85%
- 10Y*
- 11.53%
GRT-UN.TO vs. TRP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRT-UN.TO Granite Real Estate Investment Trust | 17.52% | 22.80% | -4.30% | 15.18% | -31.88% | 40.16% | 22.56% | 29.65% | 14.45% | 15.87% |
TRP.TO TC Energy Corporation | 29.69% | 18.35% | 37.67% | 2.53% | -2.77% | 20.34% | -20.74% | 48.49% | -16.01% | 5.23% |
Correlation
The correlation between GRT-UN.TO and TRP.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.15 |
Fundamentals
GRT-UN.TO:
CA$5.73B
TRP.TO:
CA$101.12B
GRT-UN.TO:
CA$6.39
TRP.TO:
CA$3.31
GRT-UN.TO:
14.79
TRP.TO:
29.36
GRT-UN.TO:
0.91
TRP.TO:
0.39
GRT-UN.TO:
9.15
TRP.TO:
6.41
GRT-UN.TO:
1.02
TRP.TO:
4.00
GRT-UN.TO:
CA$629.87M
TRP.TO:
CA$15.76B
GRT-UN.TO:
CA$517.51M
TRP.TO:
CA$8.07B
GRT-UN.TO:
CA$513.85M
TRP.TO:
CA$10.90B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GRT-UN.TO vs. TRP.TO — Risk / Return Rank
GRT-UN.TO
TRP.TO
GRT-UN.TO vs. TRP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Granite Real Estate Investment Trust (GRT-UN.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.
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.
| GRT-UN.TO | TRP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.48 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 5.65 | -2.71 |
| Martin ratioReturn relative to average drawdown | 9.53 | 16.62 | -7.09 |
Loading charts...
Drawdowns
GRT-UN.TO vs. TRP.TO - Drawdown Comparison
The maximum GRT-UN.TO drawdown since its inception was -87.48%, which is greater than TRP.TO's maximum drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for GRT-UN.TO and TRP.TO.
Loading charts...
Drawdown Indicators
| GRT-UN.TO | TRP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.48% | -36.30% | -51.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -8.75% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -15.57% | -12.42% |
Max Drawdown (5Y)Largest decline over 5 years | -37.82% | -34.02% | -3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -44.89% | -36.30% | -8.59% |
Current DrawdownCurrent decline from peak | -2.60% | -0.88% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -8.45% | -8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 3.08% | +0.94% |
Volatility
GRT-UN.TO vs. TRP.TO - Volatility Comparison
Granite Real Estate Investment Trust (GRT-UN.TO) and TC Energy Corporation (TRP.TO) have volatilities of 5.69% and 5.44%, 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.
Loading charts...
Volatility by Period
| GRT-UN.TO | TRP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 5.44% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 12.67% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 16.90% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 19.65% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 23.23% | -0.79% |
Dividends
GRT-UN.TO vs. TRP.TO - Dividend Comparison
GRT-UN.TO's dividend yield for the trailing twelve months is around 3.68%, more than TRP.TO's 3.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRT-UN.TO Granite Real Estate Investment Trust | 3.68% | 4.18% | 4.74% | 4.21% | 4.50% | 2.86% | 3.43% | 4.25% | 5.69% | 5.31% | 5.42% | 1.62% |
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
GRT-UN.TO vs. TRP.TO - Financials Comparison
This section allows you to compare key financial metrics between Granite Real Estate Investment Trust 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
GRT-UN.TO vs. TRP.TO - Profitability Comparison
GRT-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported a gross profit of 134.27M and revenue of 165.83M. Therefore, the gross margin over that period was 81.0%.
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%.
GRT-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported an operating income of 122.29M and revenue of 165.83M, resulting in an operating margin of 73.7%.
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%.
GRT-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported a net income of 91.25M and revenue of 165.83M, resulting in a net margin of 55.0%.
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
GRT-UN.TO and TRP.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for GRT-UN.TO and TRP.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer