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 0.36, 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:
2.05
SPY:
0.51
TRP:
2.52
SPY:
0.86
TRP:
1.38
SPY:
1.13
TRP:
1.53
SPY:
0.55
TRP:
10.32
SPY:
2.26
TRP:
4.41%
SPY:
4.55%
TRP:
22.20%
SPY:
20.08%
TRP:
-57.79%
SPY:
-55.19%
TRP:
0.00%
SPY:
-9.89%
Returns By Period
In the year-to-date period, TRP achieves a 7.94% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, TRP has underperformed SPY with an annualized return of 6.59%, while SPY has yielded a comparatively higher 11.99% annualized return.
TRP
7.94%
3.67%
7.63%
45.29%
8.51%
6.59%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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Risk-Adjusted Performance
TRP vs. SPY — Risk-Adjusted Performance Rank
TRP
SPY
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 4.99%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRP TC Energy Corporation | 4.99% | 5.42% | 7.14% | 8.63% | 7.04% | 5.82% | 3.98% | 7.15% | 3.64% | 5.94% | 6.06% | 3.20% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TRP vs. SPY - Drawdown Comparison
The maximum TRP drawdown since its inception was -57.79%, 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
The current volatility for TC Energy Corporation (TRP) is 9.86%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that TRP experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.