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:
5.60
QQQ:
1.28
TRGP:
5.58
QQQ:
1.76
TRGP:
1.84
QQQ:
1.23
TRGP:
8.07
QQQ:
1.74
TRGP:
32.83
QQQ:
6.05
TRGP:
4.23%
QQQ:
3.91%
TRGP:
24.87%
QQQ:
18.45%
TRGP:
-95.21%
QQQ:
-82.98%
TRGP:
-6.61%
QQQ:
-3.07%
Returns By Period
In the year-to-date period, TRGP achieves a 13.65% return, which is significantly higher than QQQ's 1.88% return. Over the past 10 years, TRGP has underperformed QQQ with an annualized return of 14.48%, while QQQ has yielded a comparatively higher 18.80% annualized return.
TRGP
13.65%
14.12%
50.63%
136.96%
43.91%
14.48%
QQQ
1.88%
1.01%
10.90%
23.19%
19.76%
18.80%
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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 1.11%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRGP Targa Resources Corp. | 1.11% | 1.54% | 2.13% | 1.90% | 0.77% | 4.59% | 8.92% | 10.11% | 7.52% | 6.49% | 12.53% | 2.53% |
QQQ Invesco QQQ | 0.55% | 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 8.53% compared to Invesco QQQ (QQQ) at 6.12%. 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.