Transgender people are often portrayed as especially vulnerable to violence, but estimating victimization rates is difficult because reliable population denominators are lacking. This paper proposes an alternative approach, comparing the ratio of transgender homicide victims to perpetrators. It analyzes all homicides involving transgender people in Britain from 2000 to 2025. Victims were outnumbered by perpetrators, even excluding those who declared a transgender identity after imprisonment. Almost all cases involved natal males identifying as transwomen. The victim–perpetrator ratio among these individuals closely resembles that for males overall and differs markedly from that for females. BBC News published more than four times as many articles on transgender victims as on perpetrators, contributing to perceptions of exceptional vulnerability.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6182901
I couldn't find a link to this on any other threads. Only recently published, well updated in April. Thought as this is a question that often gets asked would post the link to it.