TRP vs. JPYUSD=X
TRP (TC Energy Corporation) is a stock, while JPYUSD=X (JPY/USD) is a currency. Over the past 10 years, TRP returned 12.24%/yr vs -4.19%/yr for JPYUSD=X. At a correlation of -0.08, they often move in opposite directions.
Performance
TRP vs. JPYUSD=X - 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 JPYUSD=X's -2.12% return. Over the past 10 years, TRP has outperformed JPYUSD=X with an annualized return of 12.24%, while JPYUSD=X has yielded a comparatively lower -4.19% 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%
JPYUSD=X
- 1D
- 0.10%
- 1M
- -0.82%
- YTD
- -2.12%
- 6M
- -3.07%
- 1Y
- -9.99%
- 3Y*
- -4.30%
- 5Y*
- -7.22%
- 10Y*
- -4.19%
TRP vs. JPYUSD=X - 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% |
JPYUSD=X JPY/USD | -2.12% | 0.33% | -10.26% | -7.04% | -12.23% | -10.24% | 5.18% | 0.86% | 2.82% | 3.91% |
Correlation
The correlation between TRP and JPYUSD=X is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007 | -0.08 |
The correlation between TRP and JPYUSD=X shifts across timeframes, from -0.08 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRP vs. JPYUSD=X — Risk / Return Rank
TRP
JPYUSD=X
TRP vs. JPYUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TC Energy Corporation (TRP) and JPY/USD (JPYUSD=X). 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 | JPYUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.65 | ||
| Sortino ratioReturn per unit of downside risk | +5.36 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.82 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | -0.76 | +5.46 |
| Martin ratioReturn relative to average drawdown | 14.42 | -1.11 | +15.53 |
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Drawdowns
TRP vs. JPYUSD=X - Drawdown Comparison
The maximum TRP drawdown since its inception was -62.52%, which is greater than JPYUSD=X's maximum drawdown of -52.96%. Use the drawdown chart below to compare losses from any high point for TRP and JPYUSD=X.
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Drawdown Indicators
| TRP | JPYUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -52.96% | -9.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -10.68% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -14.63% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -32.59% | -4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -41.64% | -38.21% | -3.43% |
Current DrawdownCurrent decline from peak | -2.14% | -52.47% | +50.33% |
Average DrawdownAverage peak-to-trough decline | -11.72% | -26.92% | +15.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 6.18% | -2.92% |
Volatility
TRP vs. JPYUSD=X - Volatility Comparison
TC Energy Corporation (TRP) has a higher volatility of 5.62% compared to JPY/USD (JPYUSD=X) at 0.69%. This indicates that TRP's price experiences larger fluctuations and is considered to be riskier than JPYUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRP | JPYUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 0.69% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.27% | 5.48% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 7.50% | +10.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.86% | 9.56% | +12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.83% | 8.90% | +15.93% |
Frequently Asked Questions
TRP and JPYUSD=X have a correlation of 0.10, 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 JPYUSD=X (0.69%). In terms of maximum drawdown, TRP dropped -62.52% vs JPYUSD=X's -52.96%.
TRP currently has the higher Sharpe Ratio (2.56 vs -1.09), 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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