BBLGW vs. TRGP

Last updated Jun 6, 2026

BBLGW (Bone Biologics Corp Warrants) and TRGP (Targa Resources Corp.) are both stocks. BBLGW operates in Medical Devices (Healthcare), while TRGP operates in Oil & Gas Midstream (Energy). Over the past 3 years, BBLGW returned 158.55%/yr vs 58.36%/yr for TRGP. At a 0.01 correlation, their price movements are largely independent.

Performance

BBLGW vs. TRGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bone Biologics Corp Warrants (BBLGW) and Targa Resources Corp. (TRGP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBLGW achieves a -9.68% return, which is significantly lower than TRGP's 44.57% return.

BBLGW

• 1D: -22.57%
• 1M: -18.65%
• YTD: -9.68%
• 6M: -35.48%
• 1Y: 3.70%
• 3Y*: 158.55%
• 5Y*: —
• 10Y*: —

TRGP

• 1D: -1.23%
• 1M: 5.85%
• YTD: 44.57%
• 6M: 47.58%
• 1Y: 64.58%
• 3Y*: 58.36%
• 5Y*: 44.63%
• 10Y*: 24.73%

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

BBLGW vs. TRGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BBLGW Bone Biologics Corp Warrants	-9.68%	-61.25%	920.41%	638.23%	-97.47%	-41.18%
TRGP Targa Resources Corp.	44.57%	5.65%	110.12%	21.01%	43.71%	-3.49%

Correlation

The correlation between BBLGW and TRGP is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021	0.01

Fundamentals

EPS BBLGW : -$2.15 TRGP : $13.11
Total Revenue (TTM) BBLGW : $0.00 TRGP : $16.38B
Gross Profit (TTM) BBLGW : $0.00 TRGP : $3.62B
EBITDA (TTM) BBLGW : -$2.90M TRGP : $4.49B

Return for Risk

BBLGW vs. TRGP — Risk / Return Rank

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

BBLGW

BBLGW Risk / Return Rank: 52
BBLGW Sharpe Ratio Rank: 42
BBLGW Sortino Ratio Rank: 55
BBLGW Omega Ratio Rank: 78
BBLGW Calmar Ratio Rank: 43
BBLGW Martin Ratio Rank: 43

TRGP

TRGP Risk / Return Rank: 89
TRGP Sharpe Ratio Rank: 91
TRGP Sortino Ratio Rank: 88
TRGP Omega Ratio Rank: 86
TRGP Calmar Ratio Rank: 88
TRGP Martin Ratio Rank: 91

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.

BBLGW vs. TRGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bone Biologics Corp Warrants (BBLGW) and Targa Resources Corp. (TRGP). 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.

	BBLGW	TRGP	Difference
Sharpe ratio: Return per unit of total volatility	0.03	2.37	-2.34
Sortino ratio: Return per unit of downside risk	1.02	2.94	-1.92
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	0.06	3.98	-3.92
Martin ratio: Return relative to average drawdown	0.13	13.01	-12.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBLGW vs. TRGP - Sharpe Ratio Comparison

The current BBLGW Sharpe Ratio is 0.03, which is lower than the TRGP Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of BBLGW and TRGP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBLGW	TRGP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	2.37	-2.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.47	-0.54

Drawdowns

BBLGW vs. TRGP - Drawdown Comparison

The maximum BBLGW drawdown since its inception was -98.80%, roughly equal to the maximum TRGP drawdown of -95.21%. Use the drawdown chart below to compare losses from any high point for BBLGW and TRGP.

Drawdown Indicators

	BBLGW	TRGP	Difference
Max Drawdown Largest peak-to-trough decline	-98.80%	-95.21%	-3.59%
Max Drawdown (1Y) Largest decline over 1 year	-63.81%	-16.30%	-47.51%
Max Drawdown (3Y) Largest decline over 3 years	-96.92%	-31.61%	-65.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.78%	—
Current Drawdown Current decline from peak	-85.26%	-4.57%	-80.69%
Average Drawdown Average peak-to-trough decline	-70.88%	-33.60%	-37.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.30%	4.98%	+24.32%

Volatility

BBLGW vs. TRGP - Volatility Comparison

Bone Biologics Corp Warrants (BBLGW) has a higher volatility of 49.34% compared to Targa Resources Corp. (TRGP) at 8.13%. This indicates that BBLGW's price experiences larger fluctuations and is considered to be riskier than TRGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBLGW	TRGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	49.34%	8.13%	+41.21%
Volatility (6M) Calculated over the trailing 6-month period	114.50%	18.59%	+95.91%
Volatility (1Y) Calculated over the trailing 1-year period	126.95%	27.49%	+99.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	251.48%	31.96%	+219.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	251.48%	47.66%	+203.82%

Dividends

BBLGW vs. TRGP - Dividend Comparison

BBLGW has not paid dividends to shareholders, while TRGP's dividend yield for the trailing twelve months is around 1.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBLGW Bone Biologics Corp Warrants	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRGP Targa Resources Corp.	1.61%	2.03%	1.54%	2.13%	1.90%	0.77%	4.59%	8.92%	10.11%	7.52%	6.49%	12.53%

Financials

Frequently Asked Questions

Can I hold both BBLGW and TRGP in my portfolio?

BBLGW and TRGP have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBLGW or TRGP?

BBLGW has higher volatility (49.34%) compared to TRGP (8.13%). In terms of maximum drawdown, BBLGW dropped -98.80% vs TRGP's -95.21%.

Which has better risk-adjusted returns?

TRGP currently has the higher Sharpe Ratio (2.37 vs 0.03), 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.