IHS vs. TRX
IHS (IHS Holding Limited) and TRX (Tanzanian Gold Corporation) are both stocks. IHS operates in Telecom Services (Communication Services), while TRX operates in Gold (Basic Materials). Over the past 3 years, IHS returned -0.08%/yr vs 30.83%/yr for TRX. At a 0.11 correlation, their price movements are largely independent.
Performance
IHS vs. TRX - Performance Comparison
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Returns By Period
In the year-to-date period, IHS achieves a 11.26% return, which is significantly lower than TRX's 16.19% return.
IHS
- 1D
- -0.60%
- 1M
- 1.10%
- YTD
- 11.26%
- 6M
- 16.90%
- 1Y
- 47.42%
- 3Y*
- -0.08%
- 5Y*
- —
- 10Y*
- —
TRX
- 1D
- -5.31%
- 1M
- -3.60%
- YTD
- 16.19%
- 6M
- 47.53%
- 1Y
- 217.88%
- 3Y*
- 30.83%
- 5Y*
- 16.18%
- 10Y*
- 9.05%
IHS vs. TRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IHS IHS Holding Limited | 11.26% | 155.48% | -36.52% | -25.20% | -56.38% | -17.06% |
TRX Tanzanian Gold Corporation | 16.19% | 199.97% | -19.24% | 12.37% | -14.54% | -21.92% |
Correlation
The correlation between IHS and TRX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2021 | 0.11 |
The correlation between IHS and TRX shifts across timeframes, from 0.11 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
IHS:
$2.85B
TRX:
$331.00M
IHS:
$0.54
TRX:
-$0.08
IHS:
1.83
TRX:
2.67
IHS:
$1.56B
TRX:
$118.87M
IHS:
$827.25M
TRX:
$64.16M
IHS:
$964.68M
TRX:
$21.72M
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Return for Risk
IHS vs. TRX — Risk / Return Rank
IHS
TRX
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 ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 4.31 | -1.66 |
| Martin ratioReturn relative to average drawdown | 6.52 | 9.71 | -3.19 |
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
| IHS | TRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.46 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 0.02 | -0.28 |
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.
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Drawdown Indicators
| IHS | TRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.35% | -97.69% | +11.34% |
Max Drawdown (1Y)Largest decline over 1 year | -18.00% | -50.92% | +32.92% |
Max Drawdown (3Y)Largest decline over 3 years | -76.06% | -50.92% | -25.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -54.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.73% | — |
Current DrawdownCurrent decline from peak | -52.38% | -87.94% | +35.56% |
Average DrawdownAverage peak-to-trough decline | -60.60% | -72.13% | +11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.29% | 22.54% | -15.25% |
Volatility
IHS vs. TRX - Volatility Comparison
The current volatility for IHS Holding Limited (IHS) is 1.81%, while Tanzanian Gold Corporation (TRX) has a volatility of 17.00%. 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.
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Volatility by Period
| IHS | TRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 17.00% | -15.19% |
Volatility (6M)Calculated over the trailing 6-month period | 20.72% | 71.41% | -50.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.36% | 89.07% | -50.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.28% | 60.12% | -5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.28% | 72.79% | -18.51% |
Dividends
IHS vs. TRX - Dividend Comparison
Neither IHS nor TRX has paid dividends to shareholders.
Financials
IHS vs. TRX - Financials Comparison
This section allows you to compare key financial metrics between IHS Holding Limited and Tanzanian Gold Corporation. 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
IHS vs. TRX - Profitability Comparison
IHS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IHS Holding Limited reported a gross profit of 231.30M and revenue of 415.40M. Therefore, the gross margin over that period was 55.7%.
TRX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tanzanian Gold Corporation reported a gross profit of 21.05M and revenue of 34.07M. Therefore, the gross margin over that period was 61.8%.
IHS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IHS Holding Limited reported an operating income of 119.90M and revenue of 415.40M, resulting in an operating margin of 28.9%.
TRX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tanzanian Gold Corporation reported an operating income of 16.01M and revenue of 34.07M, resulting in an operating margin of 47.0%.
IHS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IHS Holding Limited reported a net income of 75.80M and revenue of 415.40M, resulting in a net margin of 18.3%.
TRX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tanzanian Gold Corporation reported a net income of -20.38M and revenue of 34.07M, resulting in a net margin of -59.8%.
Frequently Asked Questions
IHS and TRX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRX has higher volatility (17.00%) compared to IHS (1.81%). In terms of maximum drawdown, IHS dropped -86.35% vs TRX's -97.69%.
TRX currently has the higher Sharpe Ratio (2.46 vs 1.25), 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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