TVC vs. ^N225

Last updated Apr 2, 2026

Compare and contrast key facts about Tennessee Valley Authority PARRS D 2028 (TVC) and Nikkei 225 (^N225).

Performance

TVC vs. ^N225 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tennessee Valley Authority PARRS D 2028 (TVC) and Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

TVC vs. ^N225 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TVC Tennessee Valley Authority PARRS D 2028	2.26%	9.18%	0.12%	6.56%	-13.27%	4.49%	-1.73%	11.76%	2.11%	4.99%
^N225 Nikkei 225	-0.20%	26.56%	7.17%	19.21%	-20.48%	-5.90%	22.42%	19.73%	-10.20%	23.76%

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 2.26% return, which is significantly higher than ^N225's -0.06% return. Over the past 10 years, TVC has underperformed ^N225 with an annualized return of 2.39%, while ^N225 has yielded a comparatively higher 8.30% annualized return.

TVC

• 1D: -0.16%
• 1M: 0.74%
• YTD: 2.26%
• 6M: 3.26%
• 1Y: 6.16%
• 3Y*: 6.67%
• 5Y*: 0.75%
• 10Y*: 2.39%

^N225

• 1D: 0.00%
• 1M: -12.84%
• YTD: -0.06%
• 6M: 6.16%
• 1Y: 35.11%
• 3Y*: 14.74%
• 5Y*: 3.57%
• 10Y*: 8.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TVC vs. ^N225 — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TVC

TVC Risk / Return Rank: 78
TVC Sharpe Ratio Rank: 75
TVC Sortino Ratio Rank: 70
TVC Omega Ratio Rank: 69
TVC Calmar Ratio Rank: 87
TVC Martin Ratio Rank: 87

^N225

^N225 Risk / Return Rank: 92
^N225 Sharpe Ratio Rank: 94
^N225 Sortino Ratio Rank: 97
^N225 Omega Ratio Rank: 94
^N225 Calmar Ratio Rank: 87
^N225 Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	TVC	^N225	Difference
Sharpe ratio Return per unit of total volatility	1.09	1.25	-0.16
Sortino ratio Return per unit of downside risk	1.63	1.91	-0.28
Omega ratio Gain probability vs. loss probability	1.21	1.25	-0.03
Calmar ratio Return relative to maximum drawdown	3.39	1.74	+1.65
Martin ratio Return relative to average drawdown	9.37	6.12	+3.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TVC vs. ^N225 - Sharpe Ratio Comparison

The current TVC Sharpe Ratio is 1.09, which is comparable to the ^N225 Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of TVC and ^N225, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TVC	^N225	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	1.25	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.16	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.40	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.19	+0.34

Correlation

The correlation between TVC and ^N225 is 0.00, 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.

Drawdowns

TVC vs. ^N225 - Drawdown Comparison

The maximum TVC drawdown since its inception was -25.14%, smaller than the maximum ^N225 drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for TVC and ^N225.

Drawdown Indicators

	TVC	^N225	Difference
Max Drawdown Largest peak-to-trough decline	-25.14%	-81.87%	+56.73%
Max Drawdown (1Y) Largest decline over 1 year	-1.54%	-13.23%	+11.69%
Max Drawdown (5Y) Largest decline over 5 years	-25.14%	-26.26%	+1.12%
Max Drawdown (10Y) Largest decline over 10 years	-25.14%	-31.80%	+6.66%
Current Drawdown Current decline from peak	-2.10%	-7.92%	+5.82%
Average Drawdown Average peak-to-trough decline	-5.32%	-34.31%	+28.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	4.61%	-4.05%

Volatility

TVC vs. ^N225 - Volatility Comparison

The current volatility for Tennessee Valley Authority PARRS D 2028 (TVC) is 1.78%, while Nikkei 225 (^N225) has a volatility of 9.66%. 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.

Volatility by Period

	TVC	^N225	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	9.66%	-7.88%
Volatility (6M) Calculated over the trailing 6-month period	3.57%	18.72%	-15.15%
Volatility (1Y) Calculated over the trailing 1-year period	5.75%	28.11%	-22.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.15%	23.18%	-12.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.23%	21.27%	-10.04%