TVC vs. ^N225
TVC (Tennessee Valley Authority PARRS D 2028) is a stock, while ^N225 (Nikkei 225) is an index. Over the past 10 years, TVC returned 2.00%/yr vs 9.08%/yr for ^N225. Their 0.01 correlation means their historical movements had little consistent relationship.
Performance
TVC vs. ^N225 - Performance Comparison
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Different Trading Currencies
TVC is traded in USD, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TVC achieves a 0.94% return, which is significantly lower than ^N225's 20.44% return. Over the past 10 years, TVC has underperformed ^N225 with an annualized return of 2.00%, while ^N225 has yielded a comparatively higher 9.08% annualized return.
TVC
- 1D
- 0.00%
- 1M
- -0.04%
- 6M
- -0.34%
- YTD
- 0.94%
- 1Y
- 3.10%
- 3Y*
- 5.53%
- 5Y*
- 0.08%
- 10Y*
- 2.00%
- ALL TIME*
- 5.45%
^N225
- 1D
- 0.00%
- 1M
- -9.16%
- 6M
- 12.47%
- YTD
- 20.44%
- 1Y
- 40.01%
- 3Y*
- 18.24%
- 5Y*
- 9.27%
- 10Y*
- 9.08%
- ALL TIME*
- 5.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^N225 Nikkei 225 | $61.65B | $64.15B | $69.97B |
| $312.15K | $230.96K | $443.64K |
TVC vs. ^N225 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVC Tennessee Valley Authority PARRS D 2028 | 0.94% | 9.18% | 0.12% | 6.56% | -13.27% | 4.49% | -1.73% | 11.76% | 2.11% | 4.99% |
^N225 Nikkei 225 | 20.44% | 26.56% | 7.17% | 19.21% | -20.48% | -5.90% | 22.42% | 19.73% | -10.20% | 23.76% |
Correlation
The correlation between TVC and ^N225 is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.01 |
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Return for Risk
TVC vs. ^N225 — Risk / Return Rank
TVC
^N225
TVC vs. ^N225 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tennessee Valley Authority PARRS D 2028 (TVC) and Nikkei 225 (^N225). 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.
| TVC | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.27 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.74 | -1.51 |
| Martin ratioReturn relative to average drawdown | 2.77 | 8.27 | -5.49 |
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Drawdowns
TVC vs. ^N225 - Drawdown Comparison
The maximum TVC drawdown since its inception was -25.14%, smaller than the maximum ^N225 drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for TVC and ^N225.
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Drawdown Indicators
| TVC | ^N225 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.14% | -51.91% | +26.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -16.07% | +13.83% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -24.78% | +20.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -36.26% | +11.12% |
Max Drawdown (10Y)Largest decline over 10 years | -25.14% | -37.97% | +12.83% |
Current DrawdownCurrent decline from peak | -3.37% | -13.47% | +10.10% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -13.42% | +8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 5.27% | -4.27% |
Volatility
TVC vs. ^N225 - Volatility Comparison
The current volatility for Tennessee Valley Authority PARRS D 2028 (TVC) is 0.86%, while Nikkei 225 (^N225) has a volatility of 9.81%. This indicates that TVC experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVC | ^N225 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 9.81% | -8.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 23.83% | -20.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 28.40% | -22.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 24.38% | -13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.16% | 21.82% | -10.66% |
Frequently Asked Questions
TVC and ^N225 have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^N225 has higher volatility (9.81%) compared to TVC (0.86%). In terms of maximum drawdown, TVC dropped -25.14% vs ^N225's -51.91%.
^N225 currently has the higher Sharpe Ratio (1.55 vs 0.52), 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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