IXJ vs. TRP
IXJ (iShares Global Healthcare ETF) is Health & Biotech Equities fund tracking the S&P Global Healthcare Sector Index, while TRP (TC Energy Corporation) is a stock. Over the past 10 years, IXJ returned 8.43%/yr vs 12.24%/yr for TRP. At a 0.34 correlation, their price movements are largely independent.
Performance
IXJ vs. TRP - Performance Comparison
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Returns By Period
In the year-to-date period, IXJ achieves a -1.18% return, which is significantly lower than TRP's 27.41% return. Over the past 10 years, IXJ has underperformed TRP with an annualized return of 8.43%, while TRP has yielded a comparatively higher 12.24% annualized return.
IXJ
- 1D
- -0.24%
- 1M
- 3.58%
- YTD
- -1.18%
- 6M
- -0.09%
- 1Y
- 11.25%
- 3Y*
- 5.65%
- 5Y*
- 4.37%
- 10Y*
- 8.43%
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%
IXJ vs. TRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | -1.18% | 14.99% | 0.55% | 3.62% | -4.94% | 19.60% | 12.74% | 23.23% | 2.83% | 20.44% |
TRP TC Energy Corporation | 27.41% | 24.02% | 39.88% | 6.09% | -7.83% | 20.99% | -19.09% | 56.30% | -22.64% | 13.51% |
Correlation
The correlation between IXJ and TRP is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2001 | 0.34 |
Over the past year, the correlation between IXJ and TRP has dropped to 0.14 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
IXJ vs. TRP — Risk / Return Rank
IXJ
TRP
IXJ vs. TRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) 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.
| IXJ | TRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.42 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 4.70 | -3.75 |
| Martin ratioReturn relative to average drawdown | 2.29 | 14.42 | -12.14 |
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Drawdowns
IXJ vs. TRP - Drawdown Comparison
The maximum IXJ drawdown since its inception was -40.60%, smaller than the maximum TRP drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for IXJ and TRP.
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Drawdown Indicators
| IXJ | TRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -62.52% | +21.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -9.65% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -17.00% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -37.05% | +18.91% |
Max Drawdown (10Y)Largest decline over 10 years | -27.35% | -41.64% | +14.29% |
Current DrawdownCurrent decline from peak | -5.37% | -2.14% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -11.72% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 3.26% | +1.26% |
Volatility
IXJ vs. TRP - Volatility Comparison
The current volatility for iShares Global Healthcare ETF (IXJ) is 4.81%, while TC Energy Corporation (TRP) has a volatility of 5.62%. This indicates that IXJ experiences smaller price fluctuations and is considered to be less risky 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
| IXJ | TRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 5.62% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 13.27% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 17.71% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 21.86% | -7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 24.83% | -9.13% |
Dividends
IXJ vs. TRP - Dividend Comparison
IXJ's dividend yield for the trailing twelve months is around 1.41%, less than TRP's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.41% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
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
IXJ and TRP have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRP has higher volatility (5.62%) compared to IXJ (4.81%). In terms of maximum drawdown, IXJ dropped -40.60% vs TRP's -62.52%.
TRP currently has the higher Sharpe Ratio (2.56 vs 0.69), 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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