TRP vs. IXJ
TRP (TC Energy Corporation) is a stock, while IXJ (iShares Global Healthcare ETF) is Health & Biotech Equities fund tracking the S&P Global Healthcare Sector Index. Over the past 10 years, TRP returned 12.24%/yr vs 8.43%/yr for IXJ. At a 0.34 correlation, their price movements are largely independent.
Performance
TRP vs. IXJ - Performance Comparison
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Returns By Period
In the year-to-date period, TRP achieves a 27.41% return, which is significantly higher than IXJ's -1.18% return. Over the past 10 years, TRP has outperformed IXJ with an annualized return of 12.24%, while IXJ has yielded a comparatively lower 8.43% annualized return.
TRP
- 1D
- 0.12%
- 1M
- 1.69%
- YTD
- 27.41%
- 6M
- 29.66%
- 1Y
- 46.49%
- 3Y*
- 30.95%
- 5Y*
- 14.55%
- 10Y*
- 12.24%
IXJ
- 1D
- -0.24%
- 1M
- 3.58%
- YTD
- -1.18%
- 6M
- -0.09%
- 1Y
- 11.25%
- 3Y*
- 5.65%
- 5Y*
- 4.37%
- 10Y*
- 8.43%
TRP vs. IXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRP TC Energy Corporation | 27.41% | 24.02% | 39.88% | 6.09% | -7.83% | 20.99% | -19.09% | 56.30% | -22.64% | 13.51% |
IXJ iShares Global Healthcare ETF | -1.18% | 14.99% | 0.55% | 3.62% | -4.94% | 19.60% | 12.74% | 23.23% | 2.83% | 20.44% |
Correlation
The correlation between TRP and IXJ is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2001 | 0.34 |
Over the past year, the correlation between TRP and IXJ has dropped to 0.14 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
TRP vs. IXJ — Risk / Return Rank
TRP
IXJ
TRP vs. IXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TC Energy Corporation (TRP) and iShares Global Healthcare ETF (IXJ). 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 | IXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.13 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 0.95 | +3.75 |
| Martin ratioReturn relative to average drawdown | 14.42 | 2.29 | +12.14 |
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Drawdowns
TRP vs. IXJ - Drawdown Comparison
The maximum TRP drawdown since its inception was -62.52%, which is greater than IXJ's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for TRP and IXJ.
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Drawdown Indicators
| TRP | IXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -40.60% | -21.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -10.78% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -18.14% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -18.14% | -18.91% |
Max Drawdown (10Y)Largest decline over 10 years | -41.64% | -27.35% | -14.29% |
Current DrawdownCurrent decline from peak | -2.14% | -5.37% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -11.72% | -6.92% | -4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 4.52% | -1.26% |
Volatility
TRP vs. IXJ - Volatility Comparison
TC Energy Corporation (TRP) has a higher volatility of 5.62% compared to iShares Global Healthcare ETF (IXJ) at 4.81%. This indicates that TRP's price experiences larger fluctuations and is considered to be riskier than IXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRP | IXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 4.81% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.27% | 10.46% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 14.92% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.86% | 14.26% | +7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.83% | 15.70% | +9.13% |
Dividends
TRP vs. IXJ - Dividend Comparison
TRP's dividend yield for the trailing twelve months is around 3.58%, more than IXJ's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.41% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
TRP TC Energy Corporation | 3.58% | 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 IXJ have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRP has higher volatility (5.62%) compared to IXJ (4.81%). In terms of maximum drawdown, TRP dropped -62.52% vs IXJ's -40.60%.
TRP currently has the higher Sharpe Ratio (2.56 vs 0.69), 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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