TT vs. KMI
TT (Trane Technologies plc) and KMI (Kinder Morgan, Inc.) are both stocks. TT operates in Specialty Industrial Machinery (Industrials), while KMI operates in Oil & Gas Midstream (Energy). Over the past 10 years, TT returned 24.34%/yr vs 11.83%/yr for KMI. At a 0.34 correlation, their price movements are largely independent.
Performance
TT vs. KMI - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TT having a 22.45% return and KMI slightly higher at 22.90%. Over the past 10 years, TT has outperformed KMI with an annualized return of 24.34%, while KMI has yielded a comparatively lower 11.83% annualized return.
TT
- 1D
- -3.51%
- 1M
- 5.41%
- YTD
- 22.45%
- 6M
- 21.03%
- 1Y
- 12.14%
- 3Y*
- 38.02%
- 5Y*
- 22.96%
- 10Y*
- 24.34%
KMI
- 1D
- 0.90%
- 1M
- -1.88%
- YTD
- 22.90%
- 6M
- 23.85%
- 1Y
- 22.92%
- 3Y*
- 33.24%
- 5Y*
- 19.09%
- 10Y*
- 11.83%
TT vs. KMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TT Trane Technologies plc | 22.45% | 6.38% | 52.97% | 47.39% | -15.34% | 41.02% | 11.26% | 48.32% | 4.41% | 21.27% |
KMI Kinder Morgan, Inc. | 22.90% | 4.74% | 64.42% | 4.10% | 21.23% | 23.75% | -30.77% | 44.43% | -11.18% | -10.56% |
Correlation
The correlation between TT and KMI 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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2011 | 0.34 |
Over the past year, the correlation between TT and KMI has dropped to 0.06 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
Fundamentals
TT:
$105.83B
KMI:
$72.40B
TT:
$12.94
KMI:
$1.53
TT:
36.67
KMI:
21.27
TT:
1.67
KMI:
1.30
TT:
4.92
KMI:
4.13
TT:
12.29
KMI:
2.31
TT:
$21.60B
KMI:
$17.52B
TT:
$7.76B
KMI:
$5.86B
TT:
$4.25B
KMI:
$6.90B
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Return for Risk
TT vs. KMI — Risk / Return Rank
TT
KMI
TT vs. KMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trane Technologies plc (TT) and Kinder Morgan, Inc. (KMI). 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.
| TT | KMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.07 | -1.46 |
| Martin ratioReturn relative to average drawdown | 1.20 | 4.05 | -2.85 |
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Drawdowns
TT vs. KMI - Drawdown Comparison
The maximum TT drawdown since its inception was -77.91%, which is greater than KMI's maximum drawdown of -72.70%. Use the drawdown chart below to compare losses from any high point for TT and KMI.
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Drawdown Indicators
| TT | KMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.91% | -72.70% | -5.21% |
Max Drawdown (1Y)Largest decline over 1 year | -19.97% | -11.11% | -8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -24.44% | -18.40% | -6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -40.53% | -20.31% | -20.22% |
Max Drawdown (10Y)Largest decline over 10 years | -51.13% | -55.13% | +4.00% |
Current DrawdownCurrent decline from peak | -3.51% | -3.36% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -32.01% | +17.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.13% | 5.68% | +4.45% |
Volatility
TT vs. KMI - Volatility Comparison
Trane Technologies plc (TT) has a higher volatility of 9.26% compared to Kinder Morgan, Inc. (KMI) at 6.58%. This indicates that TT's price experiences larger fluctuations and is considered to be riskier than KMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TT | KMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 6.58% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 21.93% | 14.61% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.99% | 20.40% | +7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.40% | 22.48% | +4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.35% | 27.64% | +0.71% |
Dividends
TT vs. KMI - Dividend Comparison
TT's dividend yield for the trailing twelve months is around 0.84%, less than KMI's 5.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMI Kinder Morgan, Inc. | 5.44% | 4.24% | 4.18% | 6.38% | 6.10% | 6.76% | 7.59% | 4.49% | 4.71% | 2.77% | 2.41% | 12.94% |
TT Trane Technologies plc | 0.84% | 0.97% | 0.91% | 1.23% | 1.59% | 1.17% | 1.46% | 1.59% | 2.15% | 1.91% | 1.81% | 2.10% |
Financials
TT vs. KMI - Financials Comparison
This section allows you to compare key financial metrics between Trane Technologies plc and Kinder Morgan, 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
TT vs. KMI - Profitability Comparison
TT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported a gross profit of 1.73B and revenue of 4.97B. Therefore, the gross margin over that period was 34.8%.
KMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kinder Morgan, Inc. reported a gross profit of 0.00 and revenue of 4.83B. Therefore, the gross margin over that period was 0.0%.
TT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported an operating income of 776.10M and revenue of 4.97B, resulting in an operating margin of 15.6%.
KMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kinder Morgan, Inc. reported an operating income of 1.44B and revenue of 4.83B, resulting in an operating margin of 29.9%.
TT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported a net income of 584.40M and revenue of 4.97B, resulting in a net margin of 11.8%.
KMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kinder Morgan, Inc. reported a net income of 1.06B and revenue of 4.83B, resulting in a net margin of 22.0%.
Frequently Asked Questions
TT and KMI 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.
TT has higher volatility (9.26%) compared to KMI (6.58%). In terms of maximum drawdown, TT dropped -77.91% vs KMI's -72.70%.
KMI currently has the higher Sharpe Ratio (1.13 vs 0.44), 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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