IHS vs. TRX

Last updated Apr 1, 2026

Compare and contrast key facts about IHS Holding Limited (IHS) and Tanzanian Gold Corporation (TRX).

Performance

IHS vs. TRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IHS Holding Limited (IHS) and Tanzanian Gold Corporation (TRX). The values are adjusted to include any dividend payments, if applicable.

IHS vs. TRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IHS IHS Holding Limited	10.32%	155.48%	-36.52%	-25.20%	-56.38%	-17.06%
TRX Tanzanian Gold Corporation	62.88%	199.97%	-19.24%	12.37%	-14.54%	-21.92%

Fundamentals

Market Cap IHS : $2.76B TRX : $427.29M
EPS IHS : $0.42 TRX : $0.00
PE Ratio IHS : 19.72 TRX : 631.86
PS Ratio IHS : 1.79 TRX : 7.53
Total Revenue (TTM) IHS : $1.58B TRX : $57.61M
Gross Profit (TTM) IHS : $821.85M TRX : $23.94M
EBITDA (TTM) IHS : $1.06B TRX : $18.70M

Returns By Period

In the year-to-date period, IHS achieves a 10.32% return, which is significantly lower than TRX's 62.88% return.

IHS

• 1D: 0.00%
• 1M: 2.87%
• YTD: 10.32%
• 6M: 20.67%
• 1Y: 57.66%
• 3Y*: -2.06%
• 5Y*: —
• 10Y*: —

TRX

• 1D: 19.05%
• 1M: -17.13%
• YTD: 62.88%
• 6M: 140.42%
• 1Y: 382.32%
• 3Y*: 45.98%
• 5Y*: 19.73%
• 10Y*: 19.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IHS vs. TRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHS

IHS Risk / Return Rank: 80
IHS Sharpe Ratio Rank: 80
IHS Sortino Ratio Rank: 76
IHS Omega Ratio Rank: 75
IHS Calmar Ratio Rank: 86
IHS Martin Ratio Rank: 82

TRX

TRX Risk / Return Rank: 97
TRX Sharpe Ratio Rank: 99
TRX Sortino Ratio Rank: 97
TRX Omega Ratio Rank: 96
TRX Calmar Ratio Rank: 98
TRX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IHS vs. TRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IHS Holding Limited (IHS) and Tanzanian Gold Corporation (TRX). 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.

	IHS	TRX	Difference
Sharpe ratio Return per unit of total volatility	1.25	4.34	-3.09
Sortino ratio Return per unit of downside risk	1.87	4.02	-2.14
Omega ratio Gain probability vs. loss probability	1.24	1.53	-0.28
Calmar ratio Return relative to maximum drawdown	3.04	8.86	-5.82
Martin ratio Return relative to average drawdown	6.64	26.25	-19.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHS vs. TRX - Sharpe Ratio Comparison

The current IHS Sharpe Ratio is 1.25, which is lower than the TRX Sharpe Ratio of 4.34. The chart below compares the historical Sharpe Ratios of IHS and TRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IHS	TRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	4.34	-3.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.27	0.04	-0.31

Correlation

The correlation between IHS and TRX is 0.11, 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.

Dividends

IHS vs. TRX - Dividend Comparison

Neither IHS nor TRX has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IHS vs. TRX - Drawdown Comparison

The maximum IHS drawdown since its inception was -86.35%, smaller than the maximum TRX drawdown of -97.69%. Use the drawdown chart below to compare losses from any high point for IHS and TRX.

Drawdown Indicators

	IHS	TRX	Difference
Max Drawdown Largest peak-to-trough decline	-86.35%	-97.69%	+11.34%
Max Drawdown (1Y) Largest decline over 1 year	-18.00%	-42.20%	+24.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.73%	—
Current Drawdown Current decline from peak	-52.78%	-83.09%	+30.31%
Average Drawdown Average peak-to-trough decline	-60.91%	-72.01%	+11.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.24%	14.25%	-6.01%

Volatility

IHS vs. TRX - Volatility Comparison

The current volatility for IHS Holding Limited (IHS) is 3.01%, while Tanzanian Gold Corporation (TRX) has a volatility of 30.89%. This indicates that IHS experiences smaller price fluctuations and is considered to be less risky than TRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHS	TRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	30.89%	-27.88%
Volatility (6M) Calculated over the trailing 6-month period	25.96%	78.32%	-52.36%
Volatility (1Y) Calculated over the trailing 1-year period	46.43%	88.88%	-42.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.33%	59.60%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.33%	73.83%	-18.50%

Financials

IHS vs. TRX - Profitability Comparison

The chart below illustrates the profitability comparison between IHS Holding Limited and Tanzanian Gold Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

IHS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, IHS Holding Limited reported a gross profit of 157.55M and revenue of 254.00M. Therefore, the gross margin over that period was 62.0%.

TRX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tanzanian Gold Corporation reported a gross profit of 12.58M and revenue of 23.50M. Therefore, the gross margin over that period was 53.5%.

IHS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, IHS Holding Limited reported an operating income of 155.88M and revenue of 254.00M, resulting in an operating margin of 61.4%.

TRX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tanzanian Gold Corporation reported an operating income of 11.03M and revenue of 23.50M, resulting in an operating margin of 46.9%.

IHS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, IHS Holding Limited reported a net income of -75.90M and revenue of 254.00M, resulting in a net margin of -29.9%.

TRX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tanzanian Gold Corporation reported a net income of 2.45M and revenue of 23.50M, resulting in a net margin of 10.4%.