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TRP vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between TRP and BTC-USD is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.0

Performance

TRP vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TC Energy Corporation (TRP) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
34.27%
52.10%
TRP
BTC-USD

Key characteristics

Sharpe Ratio

TRP:

2.11

BTC-USD:

1.20

Sortino Ratio

TRP:

2.88

BTC-USD:

1.91

Omega Ratio

TRP:

1.36

BTC-USD:

1.19

Calmar Ratio

TRP:

1.26

BTC-USD:

0.98

Martin Ratio

TRP:

8.97

BTC-USD:

5.68

Ulcer Index

TRP:

4.14%

BTC-USD:

10.81%

Daily Std Dev

TRP:

17.58%

BTC-USD:

44.38%

Max Drawdown

TRP:

-54.94%

BTC-USD:

-93.07%

Current Drawdown

TRP:

-9.66%

BTC-USD:

-8.15%

Returns By Period

In the year-to-date period, TRP achieves a 34.79% return, which is significantly lower than BTC-USD's 130.66% return. Over the past 10 years, TRP has underperformed BTC-USD with an annualized return of 7.53%, while BTC-USD has yielded a comparatively higher 76.52% annualized return.


TRP

YTD

34.79%

1M

-8.93%

6M

35.42%

1Y

37.14%

5Y*

6.55%

10Y*

7.53%

BTC-USD

YTD

130.66%

1M

5.57%

6M

50.38%

1Y

123.34%

5Y*

68.44%

10Y*

76.52%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

TRP vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for TC Energy Corporation (TRP) and Bitcoin (BTC-USD). 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.


Sharpe ratio
The chart of Sharpe ratio for TRP, currently valued at 3.81, compared to the broader market-4.00-2.000.002.003.811.40
The chart of Sortino ratio for TRP, currently valued at 4.97, compared to the broader market-4.00-2.000.002.004.004.972.13
The chart of Omega ratio for TRP, currently valued at 1.62, compared to the broader market0.501.001.502.001.621.21
The chart of Calmar ratio for TRP, currently valued at 1.00, compared to the broader market0.002.004.006.001.001.20
The chart of Martin ratio for TRP, currently valued at 26.37, compared to the broader market0.0010.0020.0026.376.63
TRP
BTC-USD

The current TRP Sharpe Ratio is 2.11, which is higher than the BTC-USD Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of TRP and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
3.81
1.40
TRP
BTC-USD

Drawdowns

TRP vs. BTC-USD - Drawdown Comparison

The maximum TRP drawdown since its inception was -54.94%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for TRP and BTC-USD. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-9.66%
-8.15%
TRP
BTC-USD

Volatility

TRP vs. BTC-USD - Volatility Comparison

The current volatility for TC Energy Corporation (TRP) is 4.70%, while Bitcoin (BTC-USD) has a volatility of 14.07%. This indicates that TRP experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
4.70%
14.07%
TRP
BTC-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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