TRP vs. GPIQ
TRP (TC Energy Corporation) is a stock, while GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) is Nasdaq-100 fund actively managed by Goldman Sachs. Over the past year, TRP returned 41.96% vs 25.84% for GPIQ. Their 0.11 correlation means their historical movements had little consistent relationship.
Performance
TRP vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, TRP achieves a 22.03% return, which is significantly higher than GPIQ's 13.18% return.
TRP
- 1D
- -2.33%
- 1M
- -0.92%
- 6M
- 15.01%
- YTD
- 22.03%
- 1Y
- 41.96%
- 3Y*
- 33.91%
- 5Y*
- 15.35%
- 10Y*
- 10.77%
- ALL TIME*
- 10.57%
GPIQ
- 1D
- 1.36%
- 1M
- -1.54%
- 6M
- 10.62%
- YTD
- 13.18%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.39M | $82.61M | $83.97M | |
| $145.17M | $167.41M | $164.62M |
TRP vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TRP TC Energy Corporation | 22.03% | 24.02% | 39.88% | 15.81% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 13.18% | 19.77% | 23.22% | 15.17% |
Correlation
The correlation between TRP and GPIQ is -0.09, 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. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.11 |
The correlation between TRP and GPIQ shifts across timeframes, from -0.09 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRP vs. GPIQ — Risk / Return Rank
TRP
GPIQ
TRP vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TC Energy Corporation (TRP) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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 | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.37 | 2.73 | +1.64 |
| Martin ratioReturn relative to average drawdown | 13.14 | 9.62 | +3.52 |
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Drawdowns
TRP vs. GPIQ - Drawdown Comparison
The maximum TRP drawdown since its inception was -62.52%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for TRP and GPIQ.
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Drawdown Indicators
| TRP | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -21.06% | -41.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -9.51% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.64% | — | — |
Current DrawdownCurrent decline from peak | -6.70% | -4.62% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -11.69% | -2.34% | -9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.69% | +0.51% |
Volatility
TRP vs. GPIQ - Volatility Comparison
TC Energy Corporation (TRP) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) have volatilities of 6.60% and 6.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRP | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 6.41% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 14.11% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 16.68% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 18.06% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.90% | 18.06% | +6.84% |
Dividends
TRP vs. GPIQ - Dividend Comparison
TRP's dividend yield for the trailing twelve months is around 3.76%, less than GPIQ's 10.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.15% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRP TC Energy Corporation | 3.76% | 4.45% | 5.93% | 7.73% | 8.52% | 5.94% | 5.92% | 4.25% | 5.85% | 5.14% | 5.01% | 6.38% |
Frequently Asked Questions
TRP and GPIQ have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRP has higher volatility (6.60%) compared to GPIQ (6.41%). In terms of maximum drawdown, TRP dropped -62.52% vs GPIQ's -21.06%.
TRP currently has the higher Sharpe Ratio (2.32 vs 1.56), 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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