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 10.43%/yr vs 59.79%/yr for BTC-USD. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
TRP vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRP achieves a 18.33% return, which is significantly higher than BTC-USD's -26.20% return. Over the past 10 years, TRP has underperformed BTC-USD with an annualized return of 10.43%, while BTC-USD has yielded a comparatively higher 59.79% annualized return.
TRP
- 1D
- -2.31%
- 1M
- -4.62%
- 6M
- 9.79%
- YTD
- 18.33%
- 1Y
- 36.13%
- 3Y*
- 32.54%
- 5Y*
- 14.52%
- 10Y*
- 10.43%
- ALL TIME*
- 10.48%
BTC-USD
- 1D
- 0.81%
- 1M
- 0.89%
- 6M
- -11.55%
- YTD
- -26.20%
- 1Y
- -43.42%
- 3Y*
- 30.52%
- 5Y*
- 8.54%
- 10Y*
- 59.79%
- ALL TIME*
- 87.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1484.15T | $1599.32T | $2032.52T |
| $143.00M | $170.35M | $166.56M |
TRP vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRP TC Energy Corporation | 18.33% | 24.02% | 39.88% | 6.09% | -7.83% | 20.99% | -19.09% | 56.30% | -22.64% | 13.51% |
BTC-USD Bitcoin | -26.20% | -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 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2012 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +2.99 | ||
| Sortino ratioReturn per unit of downside risk | +4.33 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.85 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | -0.82 | +4.58 |
| Martin ratioReturn relative to average drawdown | 11.01 | -1.25 | +12.26 |
Loading charts...
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.
Loading charts...
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% | -53.08% | +43.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -53.08% | +40.24% |
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 | -9.53% | -48.23% | +38.70% |
Average DrawdownAverage peak-to-trough decline | -11.69% | -42.76% | +31.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 25.21% | -21.92% |
Volatility
TRP vs. BTC-USD - Volatility Comparison
The current volatility for TC Energy Corporation (TRP) is 6.23%, while Bitcoin (BTC-USD) has a volatility of 8.48%. 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.
Loading charts...
Volatility by Period
| TRP | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | 8.48% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 33.28% | -19.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 35.86% | -17.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 43.60% | -21.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.90% | 56.22% | -31.32% |
Frequently Asked Questions
TRP and BTC-USD have a correlation of 0.03, 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 (8.48%) compared to TRP (6.23%). In terms of maximum drawdown, TRP dropped -62.52% vs BTC-USD's -85.30%.
TRP currently has the higher Sharpe Ratio (1.98 vs -1.01), 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.
Find the right allocation for TRP and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer