TGS vs. YPF

Last updated Apr 1, 2026

Compare and contrast key facts about Transportadora de Gas del Sur S.A. (TGS) and YPF Sociedad Anónima (YPF).

Performance

TGS vs. YPF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transportadora de Gas del Sur S.A. (TGS) and YPF Sociedad Anónima (YPF). The values are adjusted to include any dividend payments, if applicable.

TGS vs. YPF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGS Transportadora de Gas del Sur S.A.	11.32%	6.22%	93.97%	27.88%	165.77%	-14.62%	-27.48%	-45.44%	-28.91%	146.45%
YPF YPF Sociedad Anónima	27.82%	-14.94%	147.29%	87.05%	140.58%	-18.72%	-59.41%	-12.86%	-41.18%	39.31%

Fundamentals

Market Cap TGS : $5.21B YPF : $18.10B
EPS TGS : $2.70K YPF : -$619.86
PS Ratio TGS : 0.00 YPF : 0.00
PB Ratio TGS : 0.00 YPF : 1.67
Total Revenue (TTM) TGS : $1.65T YPF : $16.69T
Gross Profit (TTM) TGS : $887.47B YPF : $4.54T
EBITDA (TTM) TGS : $890.25B YPF : $4.23T

Returns By Period

In the year-to-date period, TGS achieves a 11.32% return, which is significantly lower than YPF's 27.82% return. Over the past 10 years, TGS has outperformed YPF with an annualized return of 20.74%, while YPF has yielded a comparatively lower 10.45% annualized return.

TGS

• 1D: -0.20%
• 1M: 16.85%
• YTD: 11.32%
• 6M: 64.57%
• 1Y: 30.80%
• 3Y*: 50.07%
• 5Y*: 48.02%
• 10Y*: 20.74%

YPF

• 1D: 0.22%
• 1M: 30.60%
• YTD: 27.82%
• 6M: 90.28%
• 1Y: 31.91%
• 3Y*: 61.46%
• 5Y*: 61.25%
• 10Y*: 10.45%

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

Return for Risk

TGS vs. YPF — Risk / Return Rank

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

TGS

TGS Risk / Return Rank: 60
TGS Sharpe Ratio Rank: 59
TGS Sortino Ratio Rank: 63
TGS Omega Ratio Rank: 61
TGS Calmar Ratio Rank: 59
TGS Martin Ratio Rank: 59

YPF

YPF Risk / Return Rank: 60
YPF Sharpe Ratio Rank: 62
YPF Sortino Ratio Rank: 63
YPF Omega Ratio Rank: 61
YPF Calmar Ratio Rank: 58
YPF Martin Ratio Rank: 59

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.

TGS vs. YPF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transportadora de Gas del Sur S.A. (TGS) and YPF Sociedad Anónima (YPF). 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.

	TGS	YPF	Difference
Sharpe ratio Return per unit of total volatility	0.49	0.56	-0.07
Sortino ratio Return per unit of downside risk	1.25	1.24	+0.01
Omega ratio Gain probability vs. loss probability	1.16	1.16	0.00
Calmar ratio Return relative to maximum drawdown	0.73	0.65	+0.08
Martin ratio Return relative to average drawdown	1.79	1.65	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGS vs. YPF - Sharpe Ratio Comparison

The current TGS Sharpe Ratio is 0.49, which is comparable to the YPF Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of TGS and YPF, 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

	TGS	YPF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.56	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	1.12	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.19	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.16	+0.07

Correlation

The correlation between TGS and YPF is 0.35, 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

TGS vs. YPF - Dividend Comparison

Neither TGS nor YPF has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
YPF YPF Sociedad Anónima	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.19%	0.60%	0.32%	0.66%	0.80%

Drawdowns

TGS vs. YPF - Drawdown Comparison

The maximum TGS drawdown since its inception was -95.49%, roughly equal to the maximum YPF drawdown of -94.58%. Use the drawdown chart below to compare losses from any high point for TGS and YPF.

Drawdown Indicators

	TGS	YPF	Difference
Max Drawdown Largest peak-to-trough decline	-95.49%	-94.58%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-36.89%	-36.23%	-0.66%
Max Drawdown (5Y) Largest decline over 5 years	-39.49%	-49.13%	+9.64%
Max Drawdown (10Y) Largest decline over 10 years	-80.55%	-90.08%	+9.53%
Current Drawdown Current decline from peak	-0.20%	-2.44%	+2.24%
Average Drawdown Average peak-to-trough decline	-47.27%	-39.31%	-7.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.00%	14.35%	+0.65%

Volatility

TGS vs. YPF - Volatility Comparison

The current volatility for Transportadora de Gas del Sur S.A. (TGS) is 9.59%, while YPF Sociedad Anónima (YPF) has a volatility of 11.08%. This indicates that TGS experiences smaller price fluctuations and is considered to be less risky than YPF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGS	YPF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	11.08%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	41.85%	35.81%	+6.04%
Volatility (1Y) Calculated over the trailing 1-year period	63.55%	58.03%	+5.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.49%	55.06%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.18%	54.59%	-0.41%

Financials

TGS vs. YPF - Profitability Comparison

The chart below illustrates the profitability comparison between Transportadora de Gas del Sur S.A. and YPF Sociedad Anónima over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TGS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Transportadora de Gas del Sur S.A. reported a gross profit of 307.69B and revenue of 567.12B. Therefore, the gross margin over that period was 54.3%.

YPF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, YPF Sociedad Anónima reported a gross profit of 1.31B and revenue of 4.54B. Therefore, the gross margin over that period was 28.9%.

TGS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Transportadora de Gas del Sur S.A. reported an operating income of 246.84B and revenue of 567.12B, resulting in an operating margin of 43.5%.

YPF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, YPF Sociedad Anónima reported an operating income of 584.00M and revenue of 4.54B, resulting in an operating margin of 12.9%.

TGS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Transportadora de Gas del Sur S.A. reported a net income of 147.04B and revenue of 567.12B, resulting in a net margin of 25.9%.

YPF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, YPF Sociedad Anónima reported a net income of -654.00M and revenue of 4.54B, resulting in a net margin of -14.4%.