TRGP vs. ^GSPC
TRGP (Targa Resources Corp.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, TRGP returned 27.05%/yr vs 13.26%/yr for ^GSPC. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
TRGP vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, TRGP achieves a 48.71% return, which is significantly higher than ^GSPC's 9.41% return. Over the past 10 years, TRGP has outperformed ^GSPC with an annualized return of 27.05%, while ^GSPC has yielded a comparatively lower 13.26% annualized return.
TRGP
- 1D
- 1.23%
- 1M
- 4.93%
- 6M
- 35.83%
- YTD
- 48.71%
- 1Y
- 69.52%
- 3Y*
- 52.33%
- 5Y*
- 48.14%
- 10Y*
- 27.05%
- ALL TIME*
- 21.75%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
| $312.36M | $311.65M | $326.93M |
TRGP vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRGP Targa Resources Corp. | 48.71% | 5.65% | 110.12% | 21.01% | 43.71% | 100.15% | -32.48% | 23.98% | -19.88% | -7.09% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between TRGP and ^GSPC is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2010 | 0.43 |
The correlation between TRGP and ^GSPC shifts across timeframes, from -0.06 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRGP vs. ^GSPC — Risk / Return Rank
TRGP
^GSPC
TRGP vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Targa Resources Corp. (TRGP) and S&P 500 Index (^GSPC). 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.
| TRGP | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.00 | +2.14 |
| Martin ratioReturn relative to average drawdown | 14.81 | 8.49 | +6.32 |
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Drawdowns
TRGP vs. ^GSPC - Drawdown Comparison
The maximum TRGP drawdown since its inception was -95.21%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TRGP and ^GSPC.
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Drawdown Indicators
| TRGP | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.21% | -56.78% | -38.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.01% | -9.10% | -6.91% |
Max Drawdown (3Y)Largest decline over 3 years | -31.61% | -18.90% | -12.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.61% | -25.43% | -6.18% |
Max Drawdown (10Y)Largest decline over 10 years | -90.78% | -33.92% | -56.86% |
Current DrawdownCurrent decline from peak | -4.88% | -1.58% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -33.30% | -10.70% | -22.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 2.14% | +2.33% |
Volatility
TRGP vs. ^GSPC - Volatility Comparison
Targa Resources Corp. (TRGP) has a higher volatility of 8.59% compared to S&P 500 Index (^GSPC) at 3.51%. This indicates that TRGP's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRGP | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 3.51% | +5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.51% | 10.11% | +9.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 12.87% | +14.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.68% | 17.01% | +14.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.50% | 18.07% | +29.43% |
Frequently Asked Questions
TRGP and ^GSPC have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRGP has higher volatility (8.59%) compared to ^GSPC (3.51%). In terms of maximum drawdown, TRGP dropped -95.21% vs ^GSPC's -56.78%.
TRGP currently has the higher Sharpe Ratio (2.40 vs 1.42), 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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