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

Correlation

The correlation between TRP and BTC-USD is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


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.

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Key characteristics

Sharpe Ratio

TRP:

1.42

BTC-USD:

1.40

Sortino Ratio

TRP:

1.93

BTC-USD:

3.20

Omega Ratio

TRP:

1.28

BTC-USD:

1.33

Calmar Ratio

TRP:

1.32

BTC-USD:

2.65

Martin Ratio

TRP:

7.74

BTC-USD:

12.24

Ulcer Index

TRP:

4.44%

BTC-USD:

11.22%

Daily Std Dev

TRP:

22.59%

BTC-USD:

42.23%

Max Drawdown

TRP:

-57.79%

BTC-USD:

-93.18%

Current Drawdown

TRP:

-5.76%

BTC-USD:

-1.92%

Returns By Period

In the year-to-date period, TRP achieves a 4.72% return, which is significantly lower than BTC-USD's 11.43% return. Over the past 10 years, TRP has underperformed BTC-USD with an annualized return of 6.74%, while BTC-USD has yielded a comparatively higher 83.75% annualized return.


TRP

YTD

4.72%

1M

1.37%

6M

-0.49%

1Y

31.69%

5Y*

8.68%

10Y*

6.74%

BTC-USD

YTD

11.43%

1M

22.07%

6M

17.37%

1Y

69.42%

5Y*

62.25%

10Y*

83.75%

*Annualized

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Risk-Adjusted Performance

TRP vs. BTC-USD — Risk-Adjusted Performance Rank

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

TRP
The Risk-Adjusted Performance Rank of TRP is 8989
Overall Rank
The Sharpe Ratio Rank of TRP is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of TRP is 8686
Sortino Ratio Rank
The Omega Ratio Rank of TRP is 8787
Omega Ratio Rank
The Calmar Ratio Rank of TRP is 8888
Calmar Ratio Rank
The Martin Ratio Rank of TRP is 9292
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9292
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 9292
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 9090
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current TRP Sharpe Ratio is 1.42, which is comparable to the BTC-USD Sharpe Ratio of 1.40. 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.


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Drawdowns

TRP vs. BTC-USD - Drawdown Comparison

The maximum TRP drawdown since its inception was -57.79%, smaller than the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for TRP and BTC-USD. For additional features, visit the drawdowns tool.


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Volatility

TRP vs. BTC-USD - Volatility Comparison

The current volatility for TC Energy Corporation (TRP) is 8.00%, while Bitcoin (BTC-USD) has a volatility of 10.51%. 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.


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