TPG vs. BX
TPG (TPG Inc.) and BX (Blackstone Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 3 years, TPG returned 20.63%/yr vs 15.01%/yr for BX. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
TPG vs. BX - Performance Comparison
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Returns By Period
In the year-to-date period, TPG achieves a -32.23% return, which is significantly lower than BX's -21.47% return.
TPG
- 1D
- 3.74%
- 1M
- -6.35%
- YTD
- -32.23%
- 6M
- -28.88%
- 1Y
- -9.44%
- 3Y*
- 20.63%
- 5Y*
- —
- 10Y*
- —
BX
- 1D
- 7.50%
- 1M
- -3.40%
- YTD
- -21.47%
- 6M
- -20.05%
- 1Y
- -11.46%
- 3Y*
- 15.01%
- 5Y*
- 8.57%
- 10Y*
- 21.38%
TPG vs. BX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TPG TPG Inc. | -32.23% | 5.12% | 52.13% | 62.37% | -15.17% |
BX Blackstone Inc. | -21.47% | -7.84% | 35.07% | 82.75% | -34.73% |
Correlation
The correlation between TPG and BX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2022 | 0.72 |
The correlation between TPG and BX has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
Fundamentals
TPG:
$16.17B
BX:
$92.90B
TPG:
$0.06
BX:
$3.90
TPG:
749.02
BX:
30.37
TPG:
10.45
BX:
11.16
TPG:
3.84
BX:
6.19
TPG:
4.34
BX:
11.10
TPG:
$3.53B
BX:
$14.99B
TPG:
$2.93B
BX:
$13.12B
TPG:
$610.73M
BX:
$7.37B
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Return for Risk
TPG vs. BX — Risk / Return Rank
TPG
BX
TPG vs. BX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TPG Inc. (TPG) and Blackstone Inc. (BX). 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.
| TPG | BX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.97 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | -0.26 | +0.05 |
| Martin ratioReturn relative to average drawdown | -0.42 | -0.49 | +0.07 |
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
| TPG | BX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | -0.33 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.28 | -0.04 |
Drawdowns
TPG vs. BX - Drawdown Comparison
The maximum TPG drawdown since its inception was -44.85%, smaller than the maximum BX drawdown of -87.62%. Use the drawdown chart below to compare losses from any high point for TPG and BX.
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Drawdown Indicators
| TPG | BX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.85% | -87.62% | +42.77% |
Max Drawdown (1Y)Largest decline over 1 year | -44.85% | -44.76% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -44.85% | -46.50% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.29% | — |
Current DrawdownCurrent decline from peak | -37.89% | -37.31% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -17.92% | -25.70% | +7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.56% | 23.59% | -1.03% |
Volatility
TPG vs. BX - Volatility Comparison
The current volatility for TPG Inc. (TPG) is 9.53%, while Blackstone Inc. (BX) has a volatility of 11.57%. This indicates that TPG experiences smaller price fluctuations and is considered to be less risky than BX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPG | BX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 11.57% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 30.00% | 28.10% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.97% | 34.47% | +2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.02% | 39.32% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.02% | 35.74% | +4.28% |
Dividends
TPG vs. BX - Dividend Comparison
TPG's dividend yield for the trailing twelve months is around 5.31%, more than BX's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | 4.19% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
TPG TPG Inc. | 5.31% | 3.10% | 3.33% | 3.24% | 3.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TPG vs. BX - Financials Comparison
This section allows you to compare key financial metrics between TPG Inc. and Blackstone Inc.. 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
TPG vs. BX - Profitability Comparison
TPG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TPG Inc. reported a gross profit of 0.00 and revenue of 500.01M. Therefore, the gross margin over that period was 0.0%.
BX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a gross profit of 4.04B and revenue of 4.10B. Therefore, the gross margin over that period was 98.5%.
TPG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TPG Inc. reported an operating income of 0.00 and revenue of 500.01M, resulting in an operating margin of 0.0%.
BX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported an operating income of 1.59B and revenue of 4.10B, resulting in an operating margin of 38.8%.
TPG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TPG Inc. reported a net income of -123.28M and revenue of 500.01M, resulting in a net margin of -24.7%.
BX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a net income of 649.73M and revenue of 4.10B, resulting in a net margin of 15.8%.
Frequently Asked Questions
TPG and BX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BX has higher volatility (11.57%) compared to TPG (9.53%). In terms of maximum drawdown, TPG dropped -44.85% vs BX's -87.62%.
TPG currently has the higher Sharpe Ratio (-0.26 vs -0.33), 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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