Bond-weighted tensor renormalization group

We propose an improved tensor renormalization-group (TRG) algorithm, the bond-weighted TRG (BTRG). In BTRG, we generalize the conventional TRG by introducing bond weights on the edges of the tensor network. We show that BTRG outperforms the conventional TRG and the higher-order tensor renormalization group with the same bond dimension, whereas its computation time is almost the same as that of TRG. Furthermore, BTRG can have nontrivial fixed-point tensors at an optimal hyperparameter. We demonstrate that the singular value spectrum obtained by BTRG is invariant under the renormalization procedure in the case of the two-dimensional Ising model at the critical point. This property indicates that BTRG performs the tensor contraction with high accuracy whereas keeping the scale-invariant structure of tensors.