REMX vs. TRP

Last updated Jun 14, 2026

REMX (VanEck Rare Earth and Strategic Metals ETF) is Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index, while TRP (TC Energy Corporation) is a stock. Over the past 10 years, REMX returned 10.32%/yr vs 12.24%/yr for TRP. At a 0.33 correlation, their price movements are largely independent.

Performance

REMX vs. TRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Rare Earth and Strategic Metals ETF (REMX) and TC Energy Corporation (TRP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REMX achieves a 29.19% return, which is significantly higher than TRP's 27.41% return. Over the past 10 years, REMX has underperformed TRP with an annualized return of 10.32%, while TRP has yielded a comparatively higher 12.24% annualized return.

REMX

• 1D: 2.73%
• 1M: -4.36%
• YTD: 29.19%
• 6M: 34.20%
• 1Y: 145.31%
• 3Y*: 5.16%
• 5Y*: 4.80%
• 10Y*: 10.32%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

REMX vs. TRP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REMX VanEck Rare Earth and Strategic Metals ETF	29.19%	92.95%	-35.02%	-19.18%	-31.13%	79.81%	64.82%	0.74%	-49.63%	82.60%
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 REMX and TRP is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010	0.33

Over the past year, the correlation between REMX and TRP has dropped to 0.09 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Return for Risk

REMX vs. TRP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

REMX

REMX Risk / Return Rank: 87
REMX Sharpe Ratio Rank: 93
REMX Sortino Ratio Rank: 83
REMX Omega Ratio Rank: 78
REMX Calmar Ratio Rank: 94
REMX Martin Ratio Rank: 88

TRP

TRP Risk / Return Rank: 93
TRP Sharpe Ratio Rank: 94
TRP Sortino Ratio Rank: 95
TRP Omega Ratio Rank: 91
TRP Calmar Ratio Rank: 92
TRP Martin Ratio Rank: 93

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.

REMX vs. TRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals ETF (REMX) 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.

	REMX	TRP	Difference
Sharpe ratio: Return per unit of total volatility	2.93	2.56	+0.36
Sortino ratio: Return per unit of downside risk	3.19	3.76	-0.57
Omega ratio: Gain probability vs. loss probability	1.40	1.42	-0.03
Calmar ratio: Return relative to maximum drawdown	6.23	4.70	+1.54
Martin ratio: Return relative to average drawdown	16.82	14.42	+2.40

REMX vs. TRP - Sharpe Ratio Comparison

The current REMX Sharpe Ratio is 2.93, which is comparable to the TRP Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of REMX and TRP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

REMX vs. TRP - Drawdown Comparison

The maximum REMX drawdown since its inception was -90.20%, which is greater than TRP's maximum drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for REMX and TRP.

Drawdown Indicators

	REMX	TRP	Difference
Max Drawdown Largest peak-to-trough decline	-90.20%	-62.52%	-27.68%
Max Drawdown (1Y) Largest decline over 1 year	-23.35%	-9.65%	-13.70%
Max Drawdown (3Y) Largest decline over 3 years	-62.11%	-17.00%	-45.11%
Max Drawdown (5Y) Largest decline over 5 years	-73.34%	-37.05%	-36.29%
Max Drawdown (10Y) Largest decline over 10 years	-73.34%	-41.64%	-31.70%
Current Drawdown Current decline from peak	-56.27%	-2.14%	-54.13%
Average Drawdown Average peak-to-trough decline	-66.84%	-11.72%	-55.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.63%	3.26%	+5.37%

Volatility

REMX vs. TRP - Volatility Comparison

VanEck Rare Earth and Strategic Metals ETF (REMX) has a higher volatility of 17.56% compared to TC Energy Corporation (TRP) at 5.62%. This indicates that REMX'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.

Volatility by Period

	REMX	TRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.56%	5.62%	+11.94%
Volatility (6M) Calculated over the trailing 6-month period	37.14%	13.27%	+23.87%
Volatility (1Y) Calculated over the trailing 1-year period	49.74%	17.71%	+32.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.64%	21.86%	+18.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.14%	24.83%	+12.31%

Dividends

REMX vs. TRP - Dividend Comparison

REMX's dividend yield for the trailing twelve months is around 1.36%, less than TRP's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REMX VanEck Rare Earth and Strategic Metals ETF	1.36%	1.76%	2.56%	0.00%	1.56%	5.25%	0.81%	1.64%	12.43%	2.89%	2.23%	4.77%
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

Can I hold both REMX and TRP in my portfolio?

REMX and TRP have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REMX or TRP?

REMX has higher volatility (17.56%) compared to TRP (5.62%). In terms of maximum drawdown, REMX dropped -90.20% vs TRP's -62.52%.

Which has better risk-adjusted returns?

REMX currently has the higher Sharpe Ratio (2.93 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.