TGS vs. AAAU
TGS (Transportadora de Gas del Sur S.A.) is a stock, while AAAU (Goldman Sachs Physical Gold ETF) is Gold fund tracking the LBMA Gold PM Price. Over the past 5 years, TGS returned 48.55%/yr vs 17.20%/yr for AAAU. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
TGS vs. AAAU - Performance Comparison
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Returns By Period
In the year-to-date period, TGS achieves a 2.38% return, which is significantly higher than AAAU's -6.16% return.
TGS
- 1D
- 1.30%
- 1M
- 12.08%
- 6M
- -0.19%
- YTD
- 2.38%
- 1Y
- 12.47%
- 3Y*
- 38.54%
- 5Y*
- 48.55%
- 10Y*
- 19.59%
- ALL TIME*
- 13.06%
AAAU
- 1D
- -1.46%
- 1M
- -1.72%
- 6M
- -16.57%
- YTD
- -6.16%
- 1Y
- 20.45%
- 3Y*
- 27.49%
- 5Y*
- 17.20%
- 10Y*
- —
- ALL TIME*
- 16.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.23M | $43.92M | $64.42M | |
| $4.40M | $6.05M | $9.67M |
TGS vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TGS Transportadora de Gas del Sur S.A. | 2.38% | 6.22% | 93.97% | 27.88% | 165.77% | -14.62% | -27.48% | -45.44% | 11.50% |
AAAU Goldman Sachs Physical Gold ETF | -6.16% | 64.06% | 26.91% | 12.96% | -0.50% | -4.01% | 25.02% | 18.17% | 8.28% |
Correlation
The correlation between TGS and AAAU is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2018 | 0.08 |
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Return for Risk
TGS vs. AAAU — Risk / Return Rank
TGS
AAAU
TGS vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transportadora de Gas del Sur S.A. (TGS) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| TGS | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.17 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.87 | -0.54 |
| Martin ratioReturn relative to average drawdown | 0.81 | 1.89 | -1.09 |
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Drawdowns
TGS vs. AAAU - Drawdown Comparison
The maximum TGS drawdown since its inception was -95.49%, which is greater than AAAU's maximum drawdown of -26.29%. Use the drawdown chart below to compare losses from any high point for TGS and AAAU.
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Drawdown Indicators
| TGS | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.49% | -26.29% | -69.20% |
Max Drawdown (1Y)Largest decline over 1 year | -32.28% | -26.29% | -5.99% |
Max Drawdown (3Y)Largest decline over 3 years | -39.49% | -26.29% | -13.20% |
Max Drawdown (5Y)Largest decline over 5 years | -39.49% | -26.29% | -13.20% |
Max Drawdown (10Y)Largest decline over 10 years | -80.55% | — | — |
Current DrawdownCurrent decline from peak | -9.88% | -24.96% | +15.08% |
Average DrawdownAverage peak-to-trough decline | -46.90% | -6.53% | -40.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.57% | 12.13% | +1.44% |
Volatility
TGS vs. AAAU - Volatility Comparison
Transportadora de Gas del Sur S.A. (TGS) has a higher volatility of 11.91% compared to Goldman Sachs Physical Gold ETF (AAAU) at 6.30%. This indicates that TGS's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGS | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.91% | 6.30% | +5.61% |
Volatility (6M)Calculated over the trailing 6-month period | 28.27% | 23.27% | +5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.99% | 27.85% | +32.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.56% | 18.32% | +37.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.53% | 17.24% | +37.29% |
Dividends
TGS vs. AAAU - Dividend Comparison
Neither TGS nor AAAU has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TGS Transportadora de Gas del Sur S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 14.46% | 5.04% | 0.00% | 0.34% |
Frequently Asked Questions
TGS and AAAU have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGS has higher volatility (11.91%) compared to AAAU (6.30%). In terms of maximum drawdown, TGS dropped -95.49% vs AAAU's -26.29%.
AAAU currently has the higher Sharpe Ratio (0.83 vs 0.18), 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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