TRP.TO vs. ABX.TO
TRP.TO (TC Energy Corporation) and ABX.TO (Barrick Gold Corporation) are both stocks. TRP.TO operates in Oil & Gas Midstream (Energy), while ABX.TO operates in Gold (Basic Materials). Over the past 10 years, TRP.TO returned 11.41%/yr vs 10.81%/yr for ABX.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
TRP.TO vs. ABX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TRP.TO achieves a 29.41% return, which is significantly higher than ABX.TO's -0.72% return. Over the past 10 years, TRP.TO has outperformed ABX.TO with an annualized return of 11.41%, while ABX.TO has yielded a comparatively lower 10.81% annualized return.
TRP.TO
- 1D
- -0.22%
- 1M
- 3.01%
- YTD
- 29.41%
- 6M
- 31.24%
- 1Y
- 50.45%
- 3Y*
- 28.94%
- 5Y*
- 14.76%
- 10Y*
- 11.41%
ABX.TO
- 1D
- 4.21%
- 1M
- 5.46%
- YTD
- -0.72%
- 6M
- -0.45%
- 1Y
- 104.48%
- 3Y*
- 41.74%
- 5Y*
- 19.93%
- 10Y*
- 10.81%
TRP.TO vs. ABX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRP.TO TC Energy Corporation | 29.41% | 18.35% | 37.67% | 2.53% | -2.77% | 20.34% | -20.74% | 48.49% | -16.01% | 5.23% |
ABX.TO Barrick Gold Corporation | -0.72% | 173.89% | -4.69% | 5.66% | 1.28% | -13.98% | 21.72% | 31.81% | 2.67% | -14.89% |
Correlation
The correlation between TRP.TO and ABX.TO is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.10 |
Fundamentals
TRP.TO:
CA$100.90B
ABX.TO:
CA$98.19B
TRP.TO:
CA$3.31
ABX.TO:
$3.60
TRP.TO:
29.30
ABX.TO:
11.66
TRP.TO:
0.39
ABX.TO:
0.13
TRP.TO:
6.40
ABX.TO:
3.74
TRP.TO:
3.99
ABX.TO:
2.57
TRP.TO:
CA$15.76B
ABX.TO:
$19.02B
TRP.TO:
CA$8.07B
ABX.TO:
$10.15B
TRP.TO:
CA$10.90B
ABX.TO:
$12.44B
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Return for Risk
TRP.TO vs. ABX.TO — Risk / Return Rank
TRP.TO
ABX.TO
TRP.TO vs. ABX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TC Energy Corporation (TRP.TO) and Barrick Gold Corporation (ABX.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.
| TRP.TO | ABX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.79 | 3.69 | +2.10 |
| Martin ratioReturn relative to average drawdown | 17.20 | 9.06 | +8.14 |
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Drawdowns
TRP.TO vs. ABX.TO - Drawdown Comparison
The maximum TRP.TO drawdown since its inception was -36.30%, smaller than the maximum ABX.TO drawdown of -84.65%. Use the drawdown chart below to compare losses from any high point for TRP.TO and ABX.TO.
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Drawdown Indicators
| TRP.TO | ABX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.30% | -84.65% | +48.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -28.49% | +19.74% |
Max Drawdown (3Y)Largest decline over 3 years | -15.48% | -28.49% | +13.01% |
Max Drawdown (5Y)Largest decline over 5 years | -34.02% | -43.11% | +9.09% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -56.74% | +20.44% |
Current DrawdownCurrent decline from peak | -1.09% | -17.39% | +16.30% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -40.48% | +32.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 11.58% | -8.61% |
Volatility
TRP.TO vs. ABX.TO - Volatility Comparison
The current volatility for TC Energy Corporation (TRP.TO) is 5.23%, while Barrick Gold Corporation (ABX.TO) has a volatility of 16.05%. This indicates that TRP.TO experiences smaller price fluctuations and is considered to be less risky than ABX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRP.TO | ABX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 16.05% | -10.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.67% | 34.93% | -22.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.89% | 45.13% | -28.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 34.71% | -15.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 35.96% | -12.72% |
Dividends
TRP.TO vs. ABX.TO - Dividend Comparison
TRP.TO's dividend yield for the trailing twelve months is around 3.54%, more than ABX.TO's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.16% | 1.22% | 2.46% | 2.27% | 4.77% | 3.96% | 1.33% | 0.60% | 1.17% | 0.72% | 0.47% | 1.43% |
TRP.TO TC Energy Corporation | 3.54% | 4.50% | 5.40% | 6.71% | 6.67% | 5.92% | 6.26% | 4.34% | 5.66% | 4.09% | 3.73% | 4.60% |
Financials
TRP.TO vs. ABX.TO - Financials Comparison
This section allows you to compare key financial metrics between TC Energy Corporation and Barrick Gold 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
TRP.TO vs. ABX.TO - Profitability Comparison
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%.
ABX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a gross profit of 2.97B and revenue of 5.16B. Therefore, the gross margin over that period was 57.5%.
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%.
ABX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported an operating income of 2.93B and revenue of 5.16B, resulting in an operating margin of 56.7%.
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%.
ABX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a net income of 1.58B and revenue of 5.16B, resulting in a net margin of 30.5%.
Frequently Asked Questions
TRP.TO and ABX.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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