TT vs. OKE
TT (Trane Technologies plc) and OKE (ONEOK, Inc.) are both stocks. TT operates in Specialty Industrial Machinery (Industrials), while OKE operates in Oil & Gas Midstream (Energy). Over the past 10 years, TT returned 24.34%/yr vs 13.42%/yr for OKE. At a 0.30 correlation, their price movements are largely independent.
Performance
TT vs. OKE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with TT having a 22.45% return and OKE slightly higher at 22.91%. Over the past 10 years, TT has outperformed OKE with an annualized return of 24.34%, while OKE has yielded a comparatively lower 13.42% 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%
OKE
- 1D
- 2.05%
- 1M
- -6.35%
- YTD
- 22.91%
- 6M
- 22.97%
- 1Y
- 16.36%
- 3Y*
- 21.22%
- 5Y*
- 15.73%
- 10Y*
- 13.42%
TT vs. OKE - 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% |
OKE ONEOK, Inc. | 22.91% | -22.94% | 50.10% | 13.21% | 18.86% | 64.67% | -43.45% | 47.76% | 6.27% | -2.12% |
Correlation
The correlation between TT and OKE is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.30 |
Over the past year, the correlation between TT and OKE has dropped to 0.01 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
TT:
$105.83B
OKE:
$55.62B
TT:
$12.94
OKE:
$5.61
TT:
36.67
OKE:
15.70
TT:
1.67
OKE:
1.11
TT:
4.92
OKE:
1.58
TT:
12.29
OKE:
2.49
TT:
$21.60B
OKE:
$35.20B
TT:
$7.76B
OKE:
$8.43B
TT:
$4.25B
OKE:
$7.85B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TT vs. OKE — Risk / Return Rank
TT
OKE
TT vs. OKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trane Technologies plc (TT) and ONEOK, Inc. (OKE). 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 | OKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 0.79 | -0.18 |
| Martin ratioReturn relative to average drawdown | 1.20 | 1.79 | -0.59 |
Loading charts...
Drawdowns
TT vs. OKE - Drawdown Comparison
The maximum TT drawdown since its inception was -77.91%, roughly equal to the maximum OKE drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for TT and OKE.
Loading charts...
Drawdown Indicators
| TT | OKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.91% | -80.17% | +2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -19.97% | -20.76% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -24.44% | -42.17% | +17.73% |
Max Drawdown (5Y)Largest decline over 5 years | -40.53% | -42.17% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -51.13% | -80.17% | +29.04% |
Current DrawdownCurrent decline from peak | -3.51% | -18.76% | +15.25% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -16.67% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.13% | 9.14% | +0.99% |
Volatility
TT vs. OKE - Volatility Comparison
Trane Technologies plc (TT) and ONEOK, Inc. (OKE) have volatilities of 9.26% and 9.51%, 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.
Loading charts...
Volatility by Period
| TT | OKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 9.51% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 21.93% | 20.87% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.99% | 26.28% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.40% | 28.22% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.35% | 38.91% | -10.56% |
Dividends
TT vs. OKE - Dividend Comparison
TT's dividend yield for the trailing twelve months is around 0.84%, less than OKE's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OKE ONEOK, Inc. | 4.77% | 5.61% | 3.94% | 5.44% | 5.69% | 6.36% | 9.74% | 4.66% | 6.01% | 5.09% | 4.28% | 9.85% |
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. OKE - Financials Comparison
This section allows you to compare key financial metrics between Trane Technologies plc and ONEOK, 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. OKE - 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%.
OKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ONEOK, Inc. reported a gross profit of 2.57B and revenue of 9.62B. Therefore, the gross margin over that period was 26.7%.
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%.
OKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ONEOK, Inc. reported an operating income of 1.43B and revenue of 9.62B, resulting in an operating margin of 14.9%.
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%.
OKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ONEOK, Inc. reported a net income of 774.00M and revenue of 9.62B, resulting in a net margin of 8.1%.
Frequently Asked Questions
TT and OKE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKE has higher volatility (9.51%) compared to TT (9.26%). In terms of maximum drawdown, TT dropped -77.91% vs OKE's -80.17%.
OKE currently has the higher Sharpe Ratio (0.63 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.
Find the right allocation for TT and OKE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer