TRP vs. WMB
TRP (TC Energy Corporation) and WMB (The Williams Companies, Inc.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, TRP returned 12.07%/yr vs 18.64%/yr for WMB. At a 0.33 correlation, their price movements are largely independent.
Performance
TRP vs. WMB - Performance Comparison
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Returns By Period
In the year-to-date period, TRP achieves a 25.32% return, which is significantly higher than WMB's 19.95% return. Over the past 10 years, TRP has underperformed WMB with an annualized return of 12.07%, while WMB has yielded a comparatively higher 18.64% annualized return.
TRP
- 1D
- -0.63%
- 1M
- 5.41%
- YTD
- 25.32%
- 6M
- 27.56%
- 1Y
- 40.76%
- 3Y*
- 29.68%
- 5Y*
- 14.17%
- 10Y*
- 12.07%
WMB
- 1D
- -0.51%
- 1M
- -0.51%
- YTD
- 19.95%
- 6M
- 17.36%
- 1Y
- 22.09%
- 3Y*
- 38.06%
- 5Y*
- 26.38%
- 10Y*
- 18.64%
TRP vs. WMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRP TC Energy Corporation | 25.32% | 24.02% | 39.88% | 6.09% | -7.83% | 20.99% | -19.09% | 56.30% | -22.64% | 13.51% |
WMB The Williams Companies, Inc. | 19.95% | 14.91% | 62.35% | 11.86% | 32.83% | 38.36% | -8.20% | 14.18% | -23.88% | 2.02% |
Correlation
The correlation between TRP and WMB is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1987 | 0.33 |
The correlation between TRP and WMB shifts across timeframes, from 0.33 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TRP:
$71.12B
WMB:
$87.55B
TRP:
$3.31
WMB:
$2.28
TRP:
20.64
WMB:
31.34
TRP:
0.28
WMB:
1.63
TRP:
4.51
WMB:
7.34
TRP:
2.81
WMB:
6.76
TRP:
$15.76B
WMB:
$11.92B
TRP:
$8.07B
WMB:
$7.49B
TRP:
$10.90B
WMB:
$6.88B
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Return for Risk
TRP vs. WMB — Risk / Return Rank
TRP
WMB
TRP vs. WMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TC Energy Corporation (TRP) and The Williams Companies, Inc. (WMB). 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.
| TRP | WMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 1.79 | +2.45 |
| Martin ratioReturn relative to average drawdown | 12.62 | 3.88 | +8.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRP | WMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 0.96 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.12 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.60 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.23 | +0.24 |
Drawdowns
TRP vs. WMB - Drawdown Comparison
The maximum TRP drawdown since its inception was -62.52%, smaller than the maximum WMB drawdown of -98.03%. Use the drawdown chart below to compare losses from any high point for TRP and WMB.
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Drawdown Indicators
| TRP | WMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -98.03% | +35.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -12.36% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.05% | -12.36% | -4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -23.01% | -14.04% |
Max Drawdown (10Y)Largest decline over 10 years | -41.64% | -68.08% | +26.44% |
Current DrawdownCurrent decline from peak | -3.75% | -9.84% | +6.09% |
Average DrawdownAverage peak-to-trough decline | -11.73% | -27.08% | +15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 5.71% | -2.23% |
Volatility
TRP vs. WMB - Volatility Comparison
The current volatility for TC Energy Corporation (TRP) is 5.85%, while The Williams Companies, Inc. (WMB) has a volatility of 8.07%. This indicates that TRP experiences smaller price fluctuations and is considered to be less risky than WMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRP | WMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 8.07% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 15.75% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 23.07% | -5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.86% | 23.62% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 31.00% | -6.15% |
Dividends
TRP vs. WMB - Dividend Comparison
TRP's dividend yield for the trailing twelve months is around 3.64%, more than WMB's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRP TC Energy Corporation | 3.64% | 4.45% | 5.93% | 7.73% | 8.52% | 5.94% | 5.92% | 4.25% | 5.85% | 5.14% | 5.01% | 6.38% |
WMB The Williams Companies, Inc. | 2.83% | 3.33% | 3.51% | 5.14% | 5.17% | 6.30% | 7.98% | 6.41% | 6.17% | 3.94% | 5.39% | 9.53% |
Financials
TRP vs. WMB - Financials Comparison
This section allows you to compare key financial metrics between TC Energy Corporation and The Williams Companies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TRP vs. WMB - Profitability Comparison
TRP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TC Energy Corporation reported a gross profit of 2.41B and revenue of 4.24B. Therefore, the gross margin over that period was 56.7%.
WMB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Williams Companies, Inc. reported a gross profit of 2.49B and revenue of 3.03B. Therefore, the gross margin over that period was 82.1%.
TRP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TC Energy Corporation reported an operating income of 2.21B and revenue of 4.24B, resulting in an operating margin of 52.1%.
WMB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Williams Companies, Inc. reported an operating income of 1.32B and revenue of 3.03B, resulting in an operating margin of 43.6%.
TRP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TC Energy Corporation reported a net income of 929.40M and revenue of 4.24B, resulting in a net margin of 21.9%.
WMB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Williams Companies, Inc. reported a net income of 865.00M and revenue of 3.03B, resulting in a net margin of 28.6%.
Frequently Asked Questions
TRP and WMB have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMB has higher volatility (8.07%) compared to TRP (5.85%). In terms of maximum drawdown, TRP dropped -62.52% vs WMB's -98.03%.
TRP currently has the higher Sharpe Ratio (2.29 vs 0.96), 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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