TRGP vs. OKE
Compare and contrast key facts about Targa Resources Corp. (TRGP) and ONEOK, Inc. (OKE).
Performance
TRGP vs. OKE - Performance Comparison
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TRGP vs. OKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRGP Targa Resources Corp. | 33.34% | 5.65% | 110.12% | 21.01% | 43.71% | 100.15% | -32.48% | 23.98% | -19.88% | -7.09% |
OKE ONEOK, Inc. | 20.49% | -22.94% | 50.10% | 13.21% | 18.86% | 64.67% | -43.45% | 47.76% | 6.27% | -2.12% |
Fundamentals
TRGP:
$52.63B
OKE:
$55.14B
TRGP:
$8.53
OKE:
$5.40
TRGP:
28.68
OKE:
16.19
TRGP:
0.32
OKE:
1.15
TRGP:
3.09
OKE:
1.63
TRGP:
17.16
OKE:
2.45
TRGP:
$17.14B
OKE:
$33.63B
TRGP:
$4.54B
OKE:
$7.22B
TRGP:
$4.86B
OKE:
$8.60B
Returns By Period
In the year-to-date period, TRGP achieves a 33.34% return, which is significantly higher than OKE's 20.49% return. Over the past 10 years, TRGP has outperformed OKE with an annualized return of 29.87%, while OKE has yielded a comparatively lower 18.80% annualized return.
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%
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%
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Return for Risk
TRGP vs. OKE — Risk / Return Rank
TRGP
OKE
TRGP vs. OKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Targa Resources Corp. (TRGP) and ONEOK, Inc. (OKE). 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.
| TRGP | OKE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | -0.24 | +0.92 |
Sortino ratioReturn per unit of downside risk | 1.04 | -0.11 | +1.15 |
Omega ratioGain probability vs. loss probability | 1.15 | 0.98 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.21 | +1.10 |
Martin ratioReturn relative to average drawdown | 1.56 | -0.34 | +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
| TRGP | OKE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | -0.24 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.65 | 0.63 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.48 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.39 | +0.06 |
Correlation
The correlation between TRGP and OKE 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
TRGP vs. OKE - Dividend Comparison
TRGP's dividend yield for the trailing twelve months is around 1.63%, less than OKE's 4.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
TRGP vs. OKE - Drawdown Comparison
The maximum TRGP drawdown since its inception was -95.21%, which is greater than OKE's maximum drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for TRGP and OKE.
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Drawdown Indicators
| TRGP | OKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.21% | -80.17% | -15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | -33.27% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -31.61% | -42.17% | +10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -90.78% | -80.17% | -10.61% |
Current DrawdownCurrent decline from peak | -2.37% | -20.36% | +17.99% |
Average DrawdownAverage peak-to-trough decline | -33.95% | -16.66% | -17.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.04% | 20.95% | -4.91% |
Volatility
TRGP vs. OKE - Volatility Comparison
Targa Resources Corp. (TRGP) and ONEOK, Inc. (OKE) have volatilities of 6.82% and 6.91%, 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
| TRGP | OKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 6.91% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 18.15% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.30% | 30.92% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.42% | 27.98% | +4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.07% | 39.01% | +9.06% |
Financials
TRGP vs. OKE - Financials Comparison
This section allows you to compare key financial metrics between Targa Resources Corp. and ONEOK, 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. OKE - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.