TRP vs. BTC-USD

Last updated Apr 1, 2026

Compare and contrast key facts about TC Energy Corporation (TRP) and Bitcoin (BTC-USD).

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.

TRP vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRP TC Energy Corporation	14.62%	24.02%	39.88%	6.09%	-7.83%	20.99%	-19.09%	56.30%	-22.64%	13.51%
BTC-USD Bitcoin	-21.95%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, TRP achieves a 14.62% return, which is significantly higher than BTC-USD's -21.95% return. Over the past 10 years, TRP has underperformed BTC-USD with an annualized return of 12.37%, while BTC-USD has yielded a comparatively higher 66.39% annualized return.

TRP

• 1D: 0.05%
• 1M: -2.05%
• YTD: 14.62%
• 6M: 17.18%
• 1Y: 38.37%
• 3Y*: 28.54%
• 5Y*: 15.06%
• 10Y*: 12.37%

BTC-USD

• 1D: 2.33%
• 1M: 3.83%
• YTD: -21.95%
• 6M: -40.13%
• 1Y: -17.26%
• 3Y*: 33.86%
• 5Y*: 3.06%
• 10Y*: 66.39%

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

Return for Risk

TRP vs. BTC-USD — Risk / Return Rank

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

TRP

TRP Risk / Return Rank: 89
TRP Sharpe Ratio Rank: 91
TRP Sortino Ratio Rank: 89
TRP Omega Ratio Rank: 87
TRP Calmar Ratio Rank: 91
TRP Martin Ratio Rank: 90

BTC-USD

BTC-USD Risk / Return Rank: 45
BTC-USD Sharpe Ratio Rank: 69
BTC-USD Sortino Ratio Rank: 62
BTC-USD Omega Ratio Rank: 62
BTC-USD Calmar Ratio Rank: 34
BTC-USD Martin Ratio Rank: 0

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 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.

	TRP	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.99	-0.39	+2.38
Sortino ratio Return per unit of downside risk	2.72	-0.29	+3.01
Omega ratio Gain probability vs. loss probability	1.35	0.97	+0.38
Calmar ratio Return relative to maximum drawdown	3.90	-1.12	+5.02
Martin ratio Return relative to average drawdown	10.25	-2.03	+12.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRP vs. BTC-USD - Sharpe Ratio Comparison

The current TRP Sharpe Ratio is 1.99, which is higher than the BTC-USD Sharpe Ratio of -0.39. 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.

Sharpe Ratios by Period

	TRP	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	-0.39	+2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.05	+0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.97	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	1.20	-0.73

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.

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.

Drawdown Indicators

	TRP	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-62.52%	-85.30%	+22.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-49.65%	+40.00%
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 Drawdown Current decline from peak	-3.13%	-45.25%	+42.12%
Average Drawdown Average peak-to-trough decline	-11.77%	-41.98%	+30.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	27.45%	-23.77%

Volatility

TRP vs. BTC-USD - Volatility Comparison

The current volatility for TC Energy Corporation (TRP) is 2.93%, while Bitcoin (BTC-USD) has a volatility of 14.34%. 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.

Volatility by Period

	TRP	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	14.34%	-11.41%
Volatility (6M) Calculated over the trailing 6-month period	12.54%	36.23%	-23.69%
Volatility (1Y) Calculated over the trailing 1-year period	19.38%	36.76%	-17.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	46.91%	-25.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.81%	56.70%	-31.89%