TRTX vs. CAT
TRTX (TPG RE Finance Trust, Inc.) and CAT (Caterpillar Inc.) are both stocks. TRTX operates in REIT - Mortgage (Real Estate), while CAT operates in Farm & Heavy Construction Machinery (Industrials). Over the past 5 years, TRTX returned 1.89%/yr vs 32.93%/yr for CAT. At a 0.40 correlation, their price movements are largely independent.
Performance
TRTX vs. CAT - Performance Comparison
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Returns By Period
In the year-to-date period, TRTX achieves a 0.32% return, which is significantly lower than CAT's 62.36% return.
TRTX
- 1D
- -1.41%
- 1M
- 0.24%
- YTD
- 0.32%
- 6M
- -3.05%
- 1Y
- 22.24%
- 3Y*
- 20.82%
- 5Y*
- 1.89%
- 10Y*
- —
CAT
- 1D
- 1.80%
- 1M
- 5.88%
- YTD
- 62.36%
- 6M
- 57.25%
- 1Y
- 167.95%
- 3Y*
- 62.31%
- 5Y*
- 32.93%
- 10Y*
- 31.52%
TRTX vs. CAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRTX TPG RE Finance Trust, Inc. | 0.32% | 13.50% | 46.93% | 9.71% | -38.40% | 25.11% | -31.46% | 20.90% | 4.67% | 0.91% |
CAT Caterpillar Inc. | 62.36% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -17.56% | 47.71% |
Correlation
The correlation between TRTX and CAT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2017 | 0.40 |
The correlation between TRTX and CAT shifts across timeframes, from 0.32 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TRTX:
$662.55M
CAT:
$431.41B
TRTX:
$0.78
CAT:
$20.07
TRTX:
10.80
CAT:
46.14
TRTX:
2.51
CAT:
6.14
TRTX:
0.62
CAT:
23.12
TRTX:
$264.49M
CAT:
$70.76B
TRTX:
$207.51M
CAT:
$23.01B
TRTX:
$195.60M
CAT:
$15.31B
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Return for Risk
TRTX vs. CAT — Risk / Return Rank
TRTX
CAT
TRTX vs. CAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TPG RE Finance Trust, Inc. (TRTX) and Caterpillar Inc. (CAT). 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.
| TRTX | CAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.88 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.72 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 12.18 | -10.77 |
| Martin ratioReturn relative to average drawdown | 3.34 | 40.49 | -37.15 |
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
| TRTX | CAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 4.98 | -3.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 1.08 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.35 | -0.31 |
Drawdowns
TRTX vs. CAT - Drawdown Comparison
The maximum TRTX drawdown since its inception was -86.18%, which is greater than CAT's maximum drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for TRTX and CAT.
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Drawdown Indicators
| TRTX | CAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.18% | -73.43% | -12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -13.88% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -30.01% | -34.05% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -54.39% | -34.05% | -20.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.36% | — |
Current DrawdownCurrent decline from peak | -7.23% | -0.08% | -7.15% |
Average DrawdownAverage peak-to-trough decline | -21.01% | -19.74% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.67% | 4.17% | +2.50% |
Volatility
TRTX vs. CAT - Volatility Comparison
The current volatility for TPG RE Finance Trust, Inc. (TRTX) is 5.40%, while Caterpillar Inc. (CAT) has a volatility of 11.17%. This indicates that TRTX experiences smaller price fluctuations and is considered to be less risky than CAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRTX | CAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 11.17% | -5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 27.09% | -12.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 33.97% | -13.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.95% | 30.62% | +4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.83% | 30.86% | +26.97% |
Dividends
TRTX vs. CAT - Dividend Comparison
TRTX's dividend yield for the trailing twelve months is around 11.46%, more than CAT's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.65% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
TRTX TPG RE Finance Trust, Inc. | 11.46% | 11.15% | 11.29% | 14.77% | 14.14% | 7.71% | 15.44% | 8.49% | 9.35% | 3.73% | 0.00% | 0.00% |
Financials
TRTX vs. CAT - Financials Comparison
This section allows you to compare key financial metrics between TPG RE Finance Trust, Inc. and Caterpillar 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
TRTX and CAT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAT has higher volatility (11.17%) compared to TRTX (5.40%). In terms of maximum drawdown, TRTX dropped -86.18% vs CAT's -73.43%.
CAT currently has the higher Sharpe Ratio (4.98 vs 1.10), 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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