TRP vs. SPY
Compare and contrast key facts about TC Energy Corporation (TRP) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRP or SPY.
Correlation
The correlation between TRP and SPY is 0.35, 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.
Performance
TRP vs. SPY - Performance Comparison
Key characteristics
TRP:
2.11
SPY:
2.17
TRP:
2.88
SPY:
2.88
TRP:
1.36
SPY:
1.41
TRP:
1.26
SPY:
3.19
TRP:
8.97
SPY:
14.10
TRP:
4.14%
SPY:
1.90%
TRP:
17.58%
SPY:
12.39%
TRP:
-54.94%
SPY:
-55.19%
TRP:
-9.66%
SPY:
-3.19%
Returns By Period
In the year-to-date period, TRP achieves a 34.79% return, which is significantly higher than SPY's 24.97% return. Over the past 10 years, TRP has underperformed SPY with an annualized return of 7.53%, while SPY has yielded a comparatively higher 12.92% annualized return.
TRP
34.79%
-8.93%
35.42%
37.14%
6.55%
7.53%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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Risk-Adjusted Performance
TRP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TC Energy Corporation (TRP) and SPDR S&P 500 ETF (SPY). 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.
Dividends
TRP vs. SPY - Dividend Comparison
TRP's dividend yield for the trailing twelve months is around 6.23%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRP TC Energy Corporation | 6.23% | 7.81% | 10.02% | 8.57% | 6.49% | 4.67% | 8.42% | 4.37% | 6.89% | 7.15% | 3.86% | 4.24% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TRP vs. SPY - Drawdown Comparison
The maximum TRP drawdown since its inception was -54.94%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TRP and SPY. For additional features, visit the drawdowns tool.
Volatility
TRP vs. SPY - Volatility Comparison
TC Energy Corporation (TRP) has a higher volatility of 4.63% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that TRP's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.