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TRGP vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TRGP vs. QQQ

Last updated Jun 18, 2026

TRGP (Targa Resources Corp.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, TRGP returned 25.53%/yr vs 21.95%/yr for QQQ. At a 0.32 correlation, their price movements are largely independent.

Performance

TRGP vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Targa Resources Corp. (TRGP) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TRGP achieves a 42.74% return, which is significantly higher than QQQ's 17.76% return. Over the past 10 years, TRGP has outperformed QQQ with an annualized return of 25.53%, while QQQ has yielded a comparatively lower 21.95% annualized return.

TRGP

1D
0.41%
1M
-5.08%
YTD
42.74%
6M
44.41%
1Y
57.21%
3Y*
57.16%
5Y*
45.60%
10Y*
25.53%

QQQ

1D
-1.01%
1M
2.36%
YTD
17.76%
6M
20.64%
1Y
37.22%
3Y*
25.96%
5Y*
16.79%
10Y*
21.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TRGP vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TRGP
Targa Resources Corp.		42.74%5.65%110.12%21.01%43.71%100.15%-32.48%23.98%-19.88%-7.09%
QQQ
Invesco QQQ ETF		17.76%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between TRGP and QQQ is -0.06, 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

-0.06

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Dec 7, 2010

0.32

The correlation between TRGP and QQQ shifts across timeframes, from -0.06 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

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Targa Resources Corp.

Invesco QQQ ETF

Often compared with TRGP:
TRGP vs. OKETRGP vs. WSMTRGP vs. MPLXTRGP vs. TILGXTRGP vs. SPYTRGP vs. ^GSPCTRGP vs. HAL.DE
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

TRGP vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TRGP
TRGP Risk / Return Rank: 8787
Overall Rank
TRGP Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
TRGP Sortino Ratio Rank: 8686
Sortino Ratio Rank
TRGP Omega Ratio Rank: 8484
Omega Ratio Rank
TRGP Calmar Ratio Rank: 8787
Calmar Ratio Rank
TRGP Martin Ratio Rank: 9090
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 6868
Overall Rank
QQQ Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 6565
Sortino Ratio Rank
QQQ Omega Ratio Rank: 6969
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6767
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRGP vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Targa Resources Corp. (TRGP) and Invesco QQQ ETF (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.

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.

TRGPQQQDifference
Sharpe ratioReturn per unit of total volatility
2.11
2.14

-0.03

Sortino ratioReturn per unit of downside risk
2.67
2.80

-0.13

Omega ratioGain probability vs. loss probability

1.33

1.38

-0.04

Calmar ratioReturn relative to maximum drawdown

3.53

3.13

+0.40

Martin ratioReturn relative to average drawdown

11.45

11.64

-0.18

TRGP vs. QQQ - Sharpe Ratio Comparison

The current TRGP Sharpe Ratio is 2.11, which is comparable to the QQQ Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of TRGP and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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 -82.97%. Use the drawdown chart below to compare losses from any high point for TRGP and QQQ.

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Drawdown Indicators

TRGPQQQDifference

Max Drawdown

Largest peak-to-trough decline

-95.21%

-82.97%

-12.24%

Max Drawdown (1Y)

Largest decline over 1 year

-16.30%

-11.96%

-4.34%

Max Drawdown (3Y)

Largest decline over 3 years

-31.61%

-22.77%

-8.84%

Max Drawdown (5Y)

Largest decline over 5 years

-31.61%

-35.12%

+3.51%

Max Drawdown (10Y)

Largest decline over 10 years

-90.78%

-35.12%

-55.66%

Current Drawdown

Current decline from peak

-5.79%

-3.17%

-2.62%

Average Drawdown

Average peak-to-trough decline

-33.53%

-32.74%

-0.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.01%

3.21%

+1.80%

Volatility

TRGP vs. QQQ - Volatility Comparison

Targa Resources Corp. (TRGP) and Invesco QQQ ETF (QQQ) have volatilities of 8.36% and 8.29%, 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

TRGPQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.36%

8.29%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

18.99%

14.15%

+4.84%

Volatility (1Y)

Calculated over the trailing 1-year period

27.34%

17.51%

+9.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.77%

22.61%

+9.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

47.63%

22.41%

+25.22%

Dividends

TRGP vs. QQQ - Dividend Comparison

TRGP's dividend yield for the trailing twelve months is around 1.63%, more than QQQ's 0.39% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.39%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
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%

Frequently Asked Questions

TRGP and QQQ 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 (8.36%) compared to QQQ (8.29%). In terms of maximum drawdown, TRGP dropped -95.21% vs QQQ's -82.97%.

QQQ currently has the higher Sharpe Ratio (2.14 vs 2.11), 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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