LTM vs. GZPZY

Last updated Jun 4, 2026

LTM (LATAM Airlines Group S.A.) and GZPZY (Gaztransport & Technigaz SA) are both stocks. LTM operates in Airlines (Industrials), while GZPZY operates in Oil & Gas Equipment & Services (Energy). Over the past year, LTM returned 33.59% vs 22.66% for GZPZY. At a correlation of -0.03, they often move in opposite directions.

Performance

LTM vs. GZPZY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LATAM Airlines Group S.A. (LTM) and Gaztransport & Technigaz SA (GZPZY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LTM achieves a -7.73% return, which is significantly lower than GZPZY's 22.29% return.

LTM

• 1D: -2.55%
• 1M: 10.11%
• YTD: -7.73%
• 6M: 2.26%
• 1Y: 33.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GZPZY

• 1D: 0.00%
• 1M: -2.84%
• YTD: 22.29%
• 6M: 16.94%
• 1Y: 22.66%
• 3Y*: 41.89%
• 5Y*: 25.44%
• 10Y*: —

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

LTM vs. GZPZY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LTM LATAM Airlines Group S.A.	-7.73%	108.06%	11.66%
GZPZY Gaztransport & Technigaz SA	22.29%	48.62%	-9.76%

Correlation

The correlation between LTM and GZPZY 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 (All Time) Calculated using the full available price history since Jul 26, 2024	-0.03

Fundamentals

Market Cap LTM : $14.27B GZPZY : $8.49B
EPS LTM : $5.70 GZPZY : $4.09
PE Ratio LTM : 8.72 GZPZY : 11.18
PEG Ratio LTM : 12.14 GZPZY : 0.32
PS Ratio LTM : 0.98 GZPZY : 5.89
PB Ratio LTM : 7.38 GZPZY : 14.45
Total Revenue (TTM) LTM : $15.01B GZPZY : $1.44B
Gross Profit (TTM) LTM : $4.47B GZPZY : $1.26B
EBITDA (TTM) LTM : $2.94B GZPZY : $868.11M

Return for Risk

LTM vs. GZPZY — Risk / Return Rank

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

LTM

LTM Risk / Return Rank: 64
LTM Sharpe Ratio Rank: 68
LTM Sortino Ratio Rank: 64
LTM Omega Ratio Rank: 62
LTM Calmar Ratio Rank: 62
LTM Martin Ratio Rank: 62

GZPZY

GZPZY Risk / Return Rank: 77
GZPZY Sharpe Ratio Rank: 69
GZPZY Sortino Ratio Rank: 68
GZPZY Omega Ratio Rank: 92
GZPZY Calmar Ratio Rank: 80
GZPZY Martin Ratio Rank: 76

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.

LTM vs. GZPZY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LATAM Airlines Group S.A. (LTM) and Gaztransport & Technigaz SA (GZPZY). 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.

	LTM	GZPZY	Difference
Sharpe ratio Return per unit of total volatility	0.84	0.89	-0.05
Sortino ratio Return per unit of downside risk	1.44	1.61	-0.17
Omega ratio Gain probability vs. loss probability	1.17	1.48	-0.31
Calmar ratio Return relative to maximum drawdown	1.00	2.59	-1.60
Martin ratio Return relative to average drawdown	2.17	5.20	-3.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LTM vs. GZPZY - Sharpe Ratio Comparison

The current LTM Sharpe Ratio is 0.84, which is comparable to the GZPZY Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of LTM and GZPZY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LTM	GZPZY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	0.89	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	0.73	+0.73

Drawdowns

LTM vs. GZPZY - Drawdown Comparison

The maximum LTM drawdown since its inception was -33.89%, roughly equal to the maximum GZPZY drawdown of -32.48%. Use the drawdown chart below to compare losses from any high point for LTM and GZPZY.

Drawdown Indicators

	LTM	GZPZY	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-32.48%	-1.41%
Max Drawdown (1Y) Largest decline over 1 year	-33.89%	-8.82%	-25.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.48%	—
Current Drawdown Current decline from peak	-27.20%	-6.70%	-20.50%
Average Drawdown Average peak-to-trough decline	-7.30%	-9.01%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.51%	4.38%	+11.13%

Volatility

LTM vs. GZPZY - Volatility Comparison

LATAM Airlines Group S.A. (LTM) has a higher volatility of 18.04% compared to Gaztransport & Technigaz SA (GZPZY) at 7.68%. This indicates that LTM's price experiences larger fluctuations and is considered to be riskier than GZPZY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LTM	GZPZY	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.04%	7.68%	+10.36%
Volatility (6M) Calculated over the trailing 6-month period	33.54%	20.39%	+13.15%
Volatility (1Y) Calculated over the trailing 1-year period	39.99%	26.71%	+13.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.96%	29.39%	+5.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.96%	28.90%	+6.06%

Dividends

LTM vs. GZPZY - Dividend Comparison

LTM's dividend yield for the trailing twelve months is around 3.08%, less than GZPZY's 3.95% yield.

Position	TTM	2025	2024	2023	2022	2021
GZPZY Gaztransport & Technigaz SA	3.95%	4.83%	4.97%	2.66%	2.26%	3.19%
LTM LATAM Airlines Group S.A.	3.08%	4.39%	0.00%	0.00%	0.00%	0.00%

Financials

LTM vs. GZPZY - Profitability Comparison

The chart below illustrates the profitability comparison between LATAM Airlines Group S.A. and Gaztransport & Technigaz SA over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LTM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LATAM Airlines Group S.A. reported a gross profit of 1.28B and revenue of 4.08B. Therefore, the gross margin over that period was 31.3%.

GZPZY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gaztransport & Technigaz SA reported a gross profit of 267.30M and revenue of 411.24M. Therefore, the gross margin over that period was 65.0%.

LTM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LATAM Airlines Group S.A. reported an operating income of 818.34M and revenue of 4.08B, resulting in an operating margin of 20.1%.

GZPZY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gaztransport & Technigaz SA reported an operating income of 269.14M and revenue of 411.24M, resulting in an operating margin of 65.5%.

LTM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LATAM Airlines Group S.A. reported a net income of 575.99M and revenue of 4.08B, resulting in a net margin of 14.1%.

GZPZY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gaztransport & Technigaz SA reported a net income of 231.91M and revenue of 411.24M, resulting in a net margin of 56.4%.

Frequently Asked Questions

Can I hold both LTM and GZPZY in my portfolio?

LTM and GZPZY 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.

Which is riskier, LTM or GZPZY?

LTM has higher volatility (18.04%) compared to GZPZY (7.68%). In terms of maximum drawdown, LTM dropped -33.89% vs GZPZY's -32.48%.

Which has better risk-adjusted returns?

GZPZY currently has the higher Sharpe Ratio (0.89 vs 0.84), 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.