IBAT vs. TRP
IBAT (iShares Energy Storage & Materials ETF) is Alternative Energy Equities fund tracking the STOXX Global Energy Storage and Materials, while TRP (TC Energy Corporation) is a stock. Over the past year, IBAT returned 105.19% vs 46.49% for TRP. At a 0.21 correlation, their price movements are largely independent.
Performance
IBAT vs. TRP - Performance Comparison
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Returns By Period
In the year-to-date period, IBAT achieves a 51.63% return, which is significantly higher than TRP's 27.41% return.
IBAT
- 1D
- 1.07%
- 1M
- -4.06%
- YTD
- 51.63%
- 6M
- 46.54%
- 1Y
- 105.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TRP
- 1D
- 0.12%
- 1M
- 1.69%
- YTD
- 27.41%
- 6M
- 29.66%
- 1Y
- 46.49%
- 3Y*
- 30.95%
- 5Y*
- 14.55%
- 10Y*
- 12.24%
IBAT vs. TRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBAT iShares Energy Storage & Materials ETF | 51.63% | 32.09% | -13.29% |
TRP TC Energy Corporation | 27.41% | 24.02% | 36.46% |
Correlation
The correlation between IBAT and TRP is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.21 |
The correlation between IBAT and TRP shifts across timeframes, from 0.10 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBAT vs. TRP — Risk / Return Rank
IBAT
TRP
IBAT vs. TRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Energy Storage & Materials ETF (IBAT) and TC Energy Corporation (TRP). 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.
| IBAT | TRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.42 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 7.45 | 4.70 | +2.76 |
| Martin ratioReturn relative to average drawdown | 20.84 | 14.42 | +6.42 |
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Drawdowns
IBAT vs. TRP - Drawdown Comparison
The maximum IBAT drawdown since its inception was -28.26%, smaller than the maximum TRP drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for IBAT and TRP.
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Drawdown Indicators
| IBAT | TRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.26% | -62.52% | +34.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -9.65% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.64% | — |
Current DrawdownCurrent decline from peak | -8.98% | -2.14% | -6.84% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -11.72% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 3.26% | +1.64% |
Volatility
IBAT vs. TRP - Volatility Comparison
iShares Energy Storage & Materials ETF (IBAT) has a higher volatility of 13.41% compared to TC Energy Corporation (TRP) at 5.62%. This indicates that IBAT's price experiences larger fluctuations and is considered to be riskier than TRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBAT | TRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 5.62% | +7.79% |
Volatility (6M)Calculated over the trailing 6-month period | 22.68% | 13.27% | +9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.18% | 17.71% | +10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 21.86% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 24.83% | -0.25% |
Dividends
IBAT vs. TRP - Dividend Comparison
IBAT's dividend yield for the trailing twelve months is around 0.76%, less than TRP's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBAT iShares Energy Storage & Materials ETF | 0.76% | 1.15% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRP TC Energy Corporation | 3.58% | 4.45% | 5.93% | 7.73% | 8.52% | 5.94% | 5.92% | 4.25% | 5.85% | 5.14% | 5.01% | 6.38% |
Frequently Asked Questions
IBAT and TRP 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.
IBAT has higher volatility (13.41%) compared to TRP (5.62%). In terms of maximum drawdown, IBAT dropped -28.26% vs TRP's -62.52%.
IBAT currently has the higher Sharpe Ratio (3.63 vs 2.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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