TRGP vs. T
TRGP (Targa Resources Corp.) and T (AT&T Inc.) are both stocks. TRGP operates in Oil & Gas Midstream (Energy), while T operates in Telecom Services (Communication Services). Over the past 10 years, TRGP returned 26.71%/yr vs 3.33%/yr for T. At a 0.26 correlation, their price movements are largely independent.
Performance
TRGP vs. T - Performance Comparison
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Returns By Period
In the year-to-date period, TRGP achieves a 49.23% return, which is significantly higher than T's -2.96% return. Over the past 10 years, TRGP has outperformed T with an annualized return of 26.71%, while T has yielded a comparatively lower 3.33% annualized return.
TRGP
- 1D
- 1.20%
- 1M
- 0.22%
- YTD
- 49.23%
- 6M
- 50.30%
- 1Y
- 59.50%
- 3Y*
- 60.15%
- 5Y*
- 45.14%
- 10Y*
- 26.71%
T
- 1D
- 2.52%
- 1M
- -1.87%
- YTD
- -2.96%
- 6M
- -1.93%
- 1Y
- -12.71%
- 3Y*
- 20.58%
- 5Y*
- 7.38%
- 10Y*
- 3.33%
TRGP vs. T - 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% |
T AT&T Inc. | -2.96% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
Correlation
The correlation between TRGP and T is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2010 | 0.26 |
The correlation between TRGP and T shifts across timeframes, from 0.14 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TRGP:
$13.11
T:
$3.04
TRGP:
20.79
T:
7.74
TRGP:
0.23
T:
0.32
TRGP:
2.70
T:
1.35
TRGP:
$16.38B
T:
$125.65B
TRGP:
$3.62B
T:
$105.41B
TRGP:
$4.49B
T:
$54.70B
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Return for Risk
TRGP vs. T — Risk / Return Rank
TRGP
T
TRGP vs. T - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Targa Resources Corp. (TRGP) and AT&T Inc. (T). 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 | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.98 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.92 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | -0.59 | +4.59 |
| Martin ratioReturn relative to average drawdown | 13.02 | -1.22 | +14.24 |
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Drawdowns
TRGP vs. T - Drawdown Comparison
The maximum TRGP drawdown since its inception was -95.21%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for TRGP and T.
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Drawdown Indicators
| TRGP | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.21% | -64.15% | -31.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.30% | -21.87% | +5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -31.61% | -21.87% | -9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -31.61% | -32.01% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -90.78% | -42.35% | -48.43% |
Current DrawdownCurrent decline from peak | -1.50% | -18.12% | +16.62% |
Average DrawdownAverage peak-to-trough decline | -33.55% | -15.72% | -17.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 10.64% | -5.64% |
Volatility
TRGP vs. T - Volatility Comparison
The current volatility for Targa Resources Corp. (TRGP) is 7.77%, while AT&T Inc. (T) has a volatility of 8.21%. This indicates that TRGP experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRGP | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 8.21% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.59% | 17.80% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.29% | 22.13% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.90% | 24.01% | +7.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.62% | 23.73% | +23.89% |
Dividends
TRGP vs. T - Dividend Comparison
TRGP's dividend yield for the trailing twelve months is around 1.56%, less than T's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | 4.71% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
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. T - Financials Comparison
This section allows you to compare key financial metrics between Targa Resources Corp. and AT&T 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
Frequently Asked Questions
TRGP and T have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (8.21%) compared to TRGP (7.77%). In terms of maximum drawdown, TRGP dropped -95.21% vs T's -64.15%.
TRGP currently has the higher Sharpe Ratio (2.39 vs -0.59), 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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