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:
1.85
SPY:
-0.09
TRP:
2.44
SPY:
-0.02
TRP:
1.32
SPY:
1.00
TRP:
1.21
SPY:
-0.09
TRP:
8.06
SPY:
-0.45
TRP:
4.50%
SPY:
3.31%
TRP:
19.57%
SPY:
15.87%
TRP:
-57.46%
SPY:
-55.19%
TRP:
-6.20%
SPY:
-17.32%
Returns By Period
In the year-to-date period, TRP achieves a -0.02% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, TRP has underperformed SPY with an annualized return of 8.25%, while SPY has yielded a comparatively higher 11.25% annualized return.
TRP
-0.02%
0.39%
4.44%
38.04%
10.99%
8.25%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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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 5.39%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRP TC Energy Corporation | 5.39% | 5.42% | 7.84% | 9.47% | 7.73% | 6.39% | 4.36% | 7.85% | 4.00% | 6.52% | 6.65% | 3.51% |
SPY SPDR S&P 500 ETF | 1.42% | 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 -57.46%, 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 7.67%, while SPDR S&P 500 ETF (SPY) has a volatility of 9.29%. 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.