TRP vs. BTC-USD
TRP (TC Energy Corporation) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, TRP returned 12.14%/yr vs 56.92%/yr for BTC-USD. At a 0.04 correlation, their price movements are largely independent.
Performance
TRP vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TRP achieves a 28.88% return, which is significantly higher than BTC-USD's -31.91% return. Over the past 10 years, TRP has underperformed BTC-USD with an annualized return of 12.14%, while BTC-USD has yielded a comparatively higher 56.92% annualized return.
TRP
- 1D
- 1.20%
- 1M
- 0.95%
- YTD
- 28.88%
- 6M
- 28.48%
- 1Y
- 56.35%
- 3Y*
- 31.53%
- 5Y*
- 15.68%
- 10Y*
- 12.14%
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
TRP vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRP TC Energy Corporation | 28.88% | 24.02% | 39.88% | 6.09% | -7.83% | 20.99% | -19.09% | 56.30% | -22.64% | 13.51% |
BTC-USD Bitcoin | -31.91% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between TRP and BTC-USD is 0.04, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2012 | 0.04 |
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Return for Risk
TRP vs. BTC-USD — Risk / Return Rank
TRP
BTC-USD
TRP vs. BTC-USD - Risk-Adjusted Trends 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.
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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.25 | ||
| Sortino ratioReturn per unit of downside risk | +6.13 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 0.84 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 5.87 | -0.85 | +6.72 |
| Martin ratioReturn relative to average drawdown | 18.32 | -1.45 | +19.77 |
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Drawdowns
TRP vs. BTC-USD - Drawdown Comparison
The maximum TRP drawdown since its inception was -62.52%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for TRP and BTC-USD.
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Drawdown Indicators
| TRP | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -85.30% | +22.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -52.23% | +42.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -52.23% | +35.23% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -76.67% | +39.62% |
Max Drawdown (10Y)Largest decline over 10 years | -41.64% | -83.80% | +42.16% |
Current DrawdownCurrent decline from peak | -1.02% | -52.23% | +51.21% |
Average DrawdownAverage peak-to-trough decline | -11.72% | -42.42% | +30.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 31.57% | -28.49% |
Volatility
TRP vs. BTC-USD - Volatility Comparison
The current volatility for TC Energy Corporation (TRP) is 5.34%, while Bitcoin (BTC-USD) has a volatility of 12.44%. 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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Volatility by Period
| TRP | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 12.44% | -7.10% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 34.75% | -21.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.64% | 35.63% | -17.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.86% | 44.15% | -22.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.83% | 56.40% | -31.57% |
Frequently Asked Questions
TRP and BTC-USD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.44%) compared to TRP (5.34%). In terms of maximum drawdown, TRP dropped -62.52% vs BTC-USD's -85.30%.
TRP currently has the higher Sharpe Ratio (3.21 vs -1.04), 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.
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