GEL vs. TRGP
GEL (Genesis Energy, L.P.) and TRGP (Targa Resources Corp.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, GEL returned -1.69%/yr vs 26.71%/yr for TRGP. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
GEL vs. TRGP - Performance Comparison
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Returns By Period
In the year-to-date period, GEL achieves a -0.96% return, which is significantly lower than TRGP's 49.23% return. Over the past 10 years, GEL has underperformed TRGP with an annualized return of -1.69%, while TRGP has yielded a comparatively higher 26.71% annualized return.
GEL
- 1D
- -3.38%
- 1M
- -3.88%
- YTD
- -0.96%
- 6M
- -1.90%
- 1Y
- -5.86%
- 3Y*
- 20.79%
- 5Y*
- 9.43%
- 10Y*
- -1.69%
TRGP
- 1D
- 1.20%
- 1M
- 3.54%
- YTD
- 49.23%
- 6M
- 50.30%
- 1Y
- 64.85%
- 3Y*
- 60.15%
- 5Y*
- 45.14%
- 10Y*
- 26.71%
GEL vs. TRGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GEL Genesis Energy, L.P. | -0.96% | 61.77% | -8.37% | 19.90% | 1.05% | 84.99% | -66.17% | 22.60% | -9.18% | -32.37% |
TRGP Targa Resources Corp. | 49.23% | 5.65% | 110.12% | 21.01% | 43.71% | 100.15% | -32.48% | 23.98% | -19.88% | -7.09% |
Correlation
The correlation between GEL and TRGP is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2010 | 0.52 |
The correlation between GEL and TRGP shifts across timeframes, from 0.38 (1 year) to 0.54 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GEL:
$0.39
TRGP:
$13.11
GEL:
38.57
TRGP:
20.79
GEL:
0.53
TRGP:
0.23
GEL:
1.10
TRGP:
2.70
GEL:
$1.68B
TRGP:
$16.38B
GEL:
$281.95M
TRGP:
$3.62B
GEL:
$437.85M
TRGP:
$4.49B
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Return for Risk
GEL vs. TRGP — Risk / Return Rank
GEL
TRGP
GEL vs. TRGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Genesis Energy, L.P. (GEL) 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.
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.
| GEL | TRGP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 4.00 | -4.33 |
| Martin ratioReturn relative to average drawdown | -0.79 | 13.02 | -13.81 |
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Drawdowns
GEL vs. TRGP - Drawdown Comparison
The maximum GEL drawdown since its inception was -91.63%, roughly equal to the maximum TRGP drawdown of -95.21%. Use the drawdown chart below to compare losses from any high point for GEL and TRGP.
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Drawdown Indicators
| GEL | TRGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.63% | -95.21% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -17.85% | -16.30% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -31.46% | -31.61% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -38.79% | -31.61% | -7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -89.61% | -90.78% | +1.17% |
Current DrawdownCurrent decline from peak | -38.19% | -1.50% | -36.69% |
Average DrawdownAverage peak-to-trough decline | -34.14% | -33.55% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 5.00% | +2.45% |
Volatility
GEL vs. TRGP - Volatility Comparison
Genesis Energy, L.P. (GEL) has a higher volatility of 9.38% compared to Targa Resources Corp. (TRGP) at 7.77%. This indicates that GEL'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.
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Volatility by Period
| GEL | TRGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 7.77% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 18.98% | 18.59% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.84% | 27.29% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.26% | 31.90% | +9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.19% | 47.62% | +3.57% |
Dividends
GEL vs. TRGP - Dividend Comparison
GEL's dividend yield for the trailing twelve months is around 4.56%, more than TRGP's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEL Genesis Energy, L.P. | 4.56% | 4.23% | 6.08% | 5.18% | 5.88% | 5.60% | 16.10% | 10.74% | 11.37% | 11.87% | 7.54% | 6.72% |
TRGP Targa Resources Corp. | 1.56% | 2.03% | 1.54% | 2.13% | 1.90% | 0.77% | 4.59% | 8.92% | 10.11% | 7.52% | 6.49% | 12.53% |
Financials
GEL vs. TRGP - Financials Comparison
This section allows you to compare key financial metrics between Genesis Energy, L.P. and Targa Resources Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GEL vs. TRGP - Profitability Comparison
GEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Genesis Energy, L.P. reported a gross profit of 0.00 and revenue of 446.56M. Therefore, the gross margin over that period was 0.0%.
TRGP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Targa Resources Corp. reported a gross profit of 0.00 and revenue of 4.09B. Therefore, the gross margin over that period was 0.0%.
GEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Genesis Energy, L.P. reported an operating income of 76.61M and revenue of 446.56M, resulting in an operating margin of 17.2%.
TRGP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Targa Resources Corp. reported an operating income of 846.90M and revenue of 4.09B, resulting in an operating margin of 20.7%.
GEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Genesis Energy, L.P. reported a net income of 19.37M and revenue of 446.56M, resulting in a net margin of 4.3%.
TRGP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Targa Resources Corp. reported a net income of 479.60M and revenue of 4.09B, resulting in a net margin of 11.7%.
Frequently Asked Questions
GEL and TRGP have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEL has higher volatility (9.38%) compared to TRGP (7.77%). In terms of maximum drawdown, GEL dropped -91.63% vs TRGP's -95.21%.
TRGP currently has the higher Sharpe Ratio (2.39 vs -0.21), 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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