OKE vs. TRGP
Compare and contrast key facts about ONEOK, Inc. (OKE) and Targa Resources Corp. (TRGP).
Performance
OKE vs. TRGP - Performance Comparison
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OKE vs. TRGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OKE ONEOK, Inc. | 20.49% | -22.94% | 50.10% | 13.21% | 18.86% | 64.67% | -43.45% | 47.76% | 6.27% | -2.12% |
TRGP Targa Resources Corp. | 33.34% | 5.65% | 110.12% | 21.01% | 43.71% | 100.15% | -32.48% | 23.98% | -19.88% | -7.09% |
Fundamentals
OKE:
$55.14B
TRGP:
$52.63B
OKE:
$5.40
TRGP:
$8.53
OKE:
16.19
TRGP:
28.68
OKE:
1.15
TRGP:
0.32
OKE:
1.63
TRGP:
3.09
OKE:
2.45
TRGP:
17.16
OKE:
$33.63B
TRGP:
$17.14B
OKE:
$7.22B
TRGP:
$4.54B
OKE:
$8.60B
TRGP:
$4.86B
Returns By Period
In the year-to-date period, OKE achieves a 20.49% return, which is significantly lower than TRGP's 33.34% return. Over the past 10 years, OKE has underperformed TRGP with an annualized return of 18.80%, while TRGP has yielded a comparatively higher 29.87% annualized return.
OKE
- 1D
- -3.35%
- 1M
- 1.44%
- YTD
- 20.49%
- 6M
- 23.24%
- 1Y
- -7.31%
- 3Y*
- 17.18%
- 5Y*
- 17.68%
- 10Y*
- 18.80%
TRGP
- 1D
- -2.37%
- 1M
- 2.16%
- YTD
- 33.34%
- 6M
- 47.35%
- 1Y
- 23.38%
- 3Y*
- 53.15%
- 5Y*
- 53.19%
- 10Y*
- 29.87%
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Return for Risk
OKE vs. TRGP — Risk / Return Rank
OKE
TRGP
OKE vs. TRGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ONEOK, Inc. (OKE) 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.
| OKE | TRGP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.24 | 0.69 | -0.92 |
Sortino ratioReturn per unit of downside risk | -0.11 | 1.04 | -1.15 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.15 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.89 | -1.10 |
Martin ratioReturn relative to average drawdown | -0.34 | 1.56 | -1.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OKE | TRGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 0.69 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.65 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.62 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.46 | -0.06 |
Correlation
The correlation between OKE and TRGP is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OKE vs. TRGP - Dividend Comparison
OKE's dividend yield for the trailing twelve months is around 4.76%, more than TRGP's 1.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OKE ONEOK, Inc. | 4.76% | 5.61% | 3.94% | 5.44% | 5.69% | 6.36% | 9.74% | 4.66% | 6.01% | 5.09% | 4.28% | 9.85% |
TRGP Targa Resources Corp. | 1.63% | 2.03% | 1.54% | 2.13% | 1.90% | 0.77% | 4.59% | 8.92% | 10.11% | 7.52% | 6.49% | 12.53% |
Drawdowns
OKE vs. TRGP - Drawdown Comparison
The maximum OKE drawdown since its inception was -80.17%, smaller than the maximum TRGP drawdown of -95.21%. Use the drawdown chart below to compare losses from any high point for OKE and TRGP.
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Drawdown Indicators
| OKE | TRGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.17% | -95.21% | +15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -33.27% | -28.05% | -5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -42.17% | -31.61% | -10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -90.78% | +10.61% |
Current DrawdownCurrent decline from peak | -20.36% | -2.37% | -17.99% |
Average DrawdownAverage peak-to-trough decline | -16.66% | -33.95% | +17.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.95% | 16.04% | +4.91% |
Volatility
OKE vs. TRGP - Volatility Comparison
ONEOK, Inc. (OKE) and Targa Resources Corp. (TRGP) have volatilities of 6.91% and 6.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OKE | TRGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 6.82% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 18.15% | 19.87% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.92% | 34.30% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.98% | 32.42% | -4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.01% | 48.07% | -9.06% |
Financials
OKE vs. TRGP - Financials Comparison
This section allows you to compare key financial metrics between ONEOK, Inc. 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
OKE vs. TRGP - Profitability Comparison
OKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ONEOK, Inc. reported a gross profit of 2.67B and revenue of 9.07B. Therefore, the gross margin over that period was 29.4%.
TRGP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Targa Resources Corp. reported a gross profit of 1.75B and revenue of 4.06B. Therefore, the gross margin over that period was 43.1%.
OKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ONEOK, Inc. reported an operating income of 2.69B and revenue of 9.07B, resulting in an operating margin of 29.7%.
TRGP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Targa Resources Corp. reported an operating income of 917.40M and revenue of 4.06B, resulting in an operating margin of 22.6%.
OKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ONEOK, Inc. reported a net income of 979.00M and revenue of 9.07B, resulting in a net margin of 10.8%.
TRGP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Targa Resources Corp. reported a net income of 545.00M and revenue of 4.06B, resulting in a net margin of 13.4%.