TRP.TO vs. VTV

Last updated Jun 13, 2026

TRP.TO (TC Energy Corporation) is a stock, while VTV (Vanguard Value ETF) is Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Over the past 10 years, TRP.TO returned 11.53%/yr vs 13.75%/yr for VTV. At a 0.31 correlation, their price movements are largely independent.

Performance

TRP.TO vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TC Energy Corporation (TRP.TO) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TRP.TO is traded in CAD, while VTV is traded in USD. To make them comparable, the VTV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TRP.TO achieves a 29.69% return, which is significantly higher than VTV's 16.61% return. Over the past 10 years, TRP.TO has underperformed VTV with an annualized return of 11.53%, while VTV has yielded a comparatively higher 13.75% annualized return.

TRP.TO

• 1D: 0.20%
• 1M: 3.23%
• YTD: 29.69%
• 6M: 31.68%
• 1Y: 50.78%
• 3Y*: 28.32%
• 5Y*: 14.85%
• 10Y*: 11.53%

VTV

• 1D: 1.12%
• 1M: 5.89%
• YTD: 16.61%
• 6M: 15.61%
• 1Y: 31.43%
• 3Y*: 19.93%
• 5Y*: 15.04%
• 10Y*: 13.75%

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

TRP.TO vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VTV Vanguard Value ETF	16.61%	10.01%	25.77%	6.71%	4.12%	26.47%	-0.10%	20.48%	2.47%	9.21%

Correlation

The correlation between TRP.TO and VTV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006	0.31

The correlation between TRP.TO and VTV shifts across timeframes, from 0.12 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

TRP.TO vs. VTV — Risk / Return Rank

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

TRP.TO

TRP.TO Risk / Return Rank: 95
TRP.TO Sharpe Ratio Rank: 95
TRP.TO Sortino Ratio Rank: 96
TRP.TO Omega Ratio Rank: 93
TRP.TO Calmar Ratio Rank: 94
TRP.TO Martin Ratio Rank: 94

VTV

VTV Risk / Return Rank: 88
VTV Sharpe Ratio Rank: 89
VTV Sortino Ratio Rank: 90
VTV Omega Ratio Rank: 87
VTV Calmar Ratio Rank: 87
VTV Martin Ratio Rank: 87

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.

TRP.TO vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TC Energy Corporation (TRP.TO) and Vanguard Value ETF (VTV). 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	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.92	2.65	+0.27
Sortino ratio: Return per unit of downside risk	4.23	3.82	+0.42
Omega ratio: Gain probability vs. loss probability	1.48	1.47	+0.01
Calmar ratio: Return relative to maximum drawdown	5.65	5.21	+0.44
Martin ratio: Return relative to average drawdown	16.62	19.15	-2.53

TRP.TO vs. VTV - Sharpe Ratio Comparison

The current TRP.TO Sharpe Ratio is 2.92, which is comparable to the VTV Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of TRP.TO and VTV, 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

TRP.TO vs. VTV - Drawdown Comparison

The maximum TRP.TO drawdown since its inception was -36.30%, smaller than the maximum VTV drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for TRP.TO and VTV.

Drawdown Indicators

	TRP.TO	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-36.30%	-52.38%	+16.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-5.74%	-3.01%
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	-15.12%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-34.02%	-15.12%	-18.90%
Max Drawdown (10Y) Largest decline over 10 years	-36.30%	-31.22%	-5.08%
Current Drawdown Current decline from peak	-0.88%	0.00%	-0.88%
Average Drawdown Average peak-to-trough decline	-8.45%	-9.15%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	1.56%	+1.52%

Volatility

TRP.TO vs. VTV - Volatility Comparison

TC Energy Corporation (TRP.TO) has a higher volatility of 5.44% compared to Vanguard Value ETF (VTV) at 3.58%. This indicates that TRP.TO's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRP.TO	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	3.58%	+1.86%
Volatility (6M) Calculated over the trailing 6-month period	12.67%	8.63%	+4.04%
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	11.27%	+5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	15.09%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.23%	17.74%	+5.49%

Dividends

TRP.TO vs. VTV - Dividend Comparison

TRP.TO's dividend yield for the trailing twelve months is around 3.53%, more than VTV's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VTV Vanguard Value ETF	1.83%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both TRP.TO and VTV in my portfolio?

TRP.TO and VTV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.