TRGP vs. AWI
TRGP (Targa Resources Corp.) and AWI (Armstrong World Industries, Inc.) are both stocks. TRGP operates in Oil & Gas Midstream (Energy), while AWI operates in Building Products & Equipment (Industrials). Over the past 10 years, TRGP returned 26.71%/yr vs 15.34%/yr for AWI. At a 0.33 correlation, their price movements are largely independent.
Performance
TRGP vs. AWI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRGP achieves a 49.23% return, which is significantly higher than AWI's -18.97% return. Over the past 10 years, TRGP has outperformed AWI with an annualized return of 26.71%, while AWI has yielded a comparatively lower 15.34% annualized return.
TRGP
- 1D
- 1.20%
- 1M
- 1.91%
- YTD
- 49.23%
- 6M
- 50.30%
- 1Y
- 59.50%
- 3Y*
- 60.15%
- 5Y*
- 45.14%
- 10Y*
- 26.71%
AWI
- 1D
- -0.57%
- 1M
- -3.82%
- YTD
- -18.97%
- 6M
- -16.89%
- 1Y
- 2.71%
- 3Y*
- 31.66%
- 5Y*
- 8.37%
- 10Y*
- 15.34%
TRGP vs. AWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRGP Targa Resources Corp. | 49.23% | 5.65% | 110.12% | 21.01% | 43.71% | 100.15% | -32.48% | 23.98% | -19.88% | -7.09% |
AWI Armstrong World Industries, Inc. | -18.97% | 36.23% | 45.05% | 45.37% | -40.26% | 57.44% | -19.97% | 62.79% | -3.61% | 44.86% |
Correlation
The correlation between TRGP and AWI is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2010 | 0.33 |
The correlation between TRGP and AWI shifts across timeframes, from -0.02 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TRGP:
$13.11
AWI:
$7.04
TRGP:
20.79
AWI:
21.91
TRGP:
0.23
AWI:
1.32
TRGP:
2.70
AWI:
4.07
TRGP:
$16.38B
AWI:
$1.65B
TRGP:
$3.62B
AWI:
$664.10M
TRGP:
$4.49B
AWI:
$578.40M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRGP vs. AWI — Risk / Return Rank
TRGP
AWI
TRGP vs. AWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Targa Resources Corp. (TRGP) and Armstrong World Industries, Inc. (AWI). 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 | AWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.03 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 0.03 | +3.97 |
| Martin ratioReturn relative to average drawdown | 13.02 | 0.07 | +12.94 |
Loading charts...
Drawdowns
TRGP vs. AWI - Drawdown Comparison
The maximum TRGP drawdown since its inception was -95.21%, which is greater than AWI's maximum drawdown of -80.98%. Use the drawdown chart below to compare losses from any high point for TRGP and AWI.
Loading charts...
Drawdown Indicators
| TRGP | AWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.21% | -80.98% | -14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.30% | -24.91% | +8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -31.61% | -24.91% | -6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.61% | -46.06% | +14.45% |
Max Drawdown (10Y)Largest decline over 10 years | -90.78% | -46.44% | -44.34% |
Current DrawdownCurrent decline from peak | -1.50% | -23.85% | +22.35% |
Average DrawdownAverage peak-to-trough decline | -33.55% | -18.25% | -15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 11.10% | -6.10% |
Volatility
TRGP vs. AWI - Volatility Comparison
The current volatility for Targa Resources Corp. (TRGP) is 7.77%, while Armstrong World Industries, Inc. (AWI) has a volatility of 8.61%. This indicates that TRGP experiences smaller price fluctuations and is considered to be less risky than AWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRGP | AWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 8.61% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 18.59% | 20.62% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.29% | 25.74% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.90% | 26.21% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.62% | 29.94% | +17.68% |
Dividends
TRGP vs. AWI - Dividend Comparison
TRGP's dividend yield for the trailing twelve months is around 1.56%, more than AWI's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | 0.86% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% | 0.00% | 0.00% | 0.00% |
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
TRGP vs. AWI - Financials Comparison
This section allows you to compare key financial metrics between Targa Resources Corp. and Armstrong World Industries, 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
TRGP vs. AWI - Profitability Comparison
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%.
AWI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a gross profit of 155.30M and revenue of 409.90M. Therefore, the gross margin over that period was 37.9%.
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%.
AWI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported an operating income of 94.20M and revenue of 409.90M, resulting in an operating margin of 23.0%.
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%.
AWI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a net income of 66.80M and revenue of 409.90M, resulting in a net margin of 16.3%.
Frequently Asked Questions
TRGP and AWI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWI has higher volatility (8.61%) compared to TRGP (7.77%). In terms of maximum drawdown, TRGP dropped -95.21% vs AWI's -80.98%.
TRGP currently has the higher Sharpe Ratio (2.39 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.
Find the right allocation for TRGP and AWI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer