TRGP vs. QQQ
Compare and contrast key facts about Targa Resources Corp. (TRGP) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRGP or QQQ.
Correlation
The correlation between TRGP and QQQ is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TRGP vs. QQQ - Performance Comparison
Key characteristics
TRGP:
4.42
QQQ:
0.91
TRGP:
4.56
QQQ:
1.29
TRGP:
1.66
QQQ:
1.17
TRGP:
6.51
QQQ:
1.24
TRGP:
23.96
QQQ:
4.21
TRGP:
4.68%
QQQ:
4.00%
TRGP:
25.40%
QQQ:
18.49%
TRGP:
-95.21%
QQQ:
-82.98%
TRGP:
-6.79%
QQQ:
-5.81%
Returns By Period
In the year-to-date period, TRGP achieves a 13.42% return, which is significantly higher than QQQ's -0.60% return. Over the past 10 years, TRGP has underperformed QQQ with an annualized return of 12.80%, while QQQ has yielded a comparatively higher 17.67% annualized return.
TRGP
13.42%
2.50%
38.44%
107.21%
46.73%
12.80%
QQQ
-0.60%
-2.70%
7.02%
14.72%
20.25%
17.67%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
TRGP vs. QQQ — Risk-Adjusted Performance Rank
TRGP
QQQ
TRGP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Targa Resources Corp. (TRGP) and Invesco QQQ (QQQ). 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.
Dividends
TRGP vs. QQQ - Dividend Comparison
TRGP's dividend yield for the trailing twelve months is around 1.49%, more than QQQ's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRGP Targa Resources Corp. | 1.49% | 1.54% | 2.13% | 1.90% | 0.77% | 4.59% | 8.92% | 10.11% | 7.52% | 6.49% | 12.53% | 2.52% |
QQQ Invesco QQQ | 0.56% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
TRGP vs. QQQ - Drawdown Comparison
The maximum TRGP drawdown since its inception was -95.21%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TRGP and QQQ. For additional features, visit the drawdowns tool.
Volatility
TRGP vs. QQQ - Volatility Comparison
Targa Resources Corp. (TRGP) has a higher volatility of 9.44% compared to Invesco QQQ (QQQ) at 5.22%. This indicates that TRGP's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.