TGS vs. YPF
TGS (Transportadora de Gas del Sur S.A.) and YPF (YPF Sociedad Anónima) are both stocks. Both are in the Energy sector — TGS in Oil & Gas Midstream, YPF in Oil & Gas Integrated. Over the past 10 years, TGS returned 19.37%/yr vs 10.08%/yr for YPF. At a 0.35 correlation, their price movements are largely independent.
Performance
TGS vs. YPF - Performance Comparison
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Returns By Period
In the year-to-date period, TGS achieves a 1.35% return, which is significantly lower than YPF's 36.81% return. Over the past 10 years, TGS has outperformed YPF with an annualized return of 19.37%, while YPF has yielded a comparatively lower 10.08% annualized return.
TGS
- 1D
- -0.28%
- 1M
- 8.39%
- YTD
- 1.35%
- 6M
- 1.48%
- 1Y
- 15.08%
- 3Y*
- 33.68%
- 5Y*
- 43.49%
- 10Y*
- 19.37%
YPF
- 1D
- -1.94%
- 1M
- 3.08%
- YTD
- 36.81%
- 6M
- 39.31%
- 1Y
- 42.65%
- 3Y*
- 49.55%
- 5Y*
- 57.84%
- 10Y*
- 10.08%
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. | 1.35% | 6.22% | 93.97% | 27.88% | 165.77% | -14.62% | -27.48% | -45.44% | -28.91% | 146.45% |
YPF YPF Sociedad Anónima | 36.81% | -14.94% | 147.29% | 87.05% | 140.58% | -18.72% | -59.41% | -12.86% | -41.18% | 39.31% |
Correlation
The correlation between TGS and YPF is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 1994 | 0.35 |
Over the past year, TGS and YPF have become more correlated (0.79) than their long-term average of 0.35, meaning their price movements have been converging.
Fundamentals
TGS:
$4.74B
YPF:
$19.40B
TGS:
ARS 3.05K
YPF:
-$3.19K
TGS:
3.82
YPF:
0.00
TGS:
1.94
YPF:
1.71
TGS:
ARS 1.82T
YPF:
$13.23T
TGS:
ARS 985.40B
YPF:
$3.80T
TGS:
ARS 1.03T
YPF:
$4.05T
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Return for Risk
TGS vs. YPF — Risk / Return Rank
TGS
YPF
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.
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 | YPF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.23 | -0.77 |
| Martin ratioReturn relative to average drawdown | 1.16 | 3.42 | -2.26 |
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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.
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Drawdown Indicators
| TGS | YPF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.49% | -94.58% | -0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -32.96% | -34.89% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -39.49% | -48.79% | +9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -39.49% | -48.79% | +9.30% |
Max Drawdown (10Y)Largest decline over 10 years | -80.55% | -90.08% | +9.53% |
Current DrawdownCurrent decline from peak | -10.79% | -12.21% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -47.01% | -39.08% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.03% | 12.71% | +0.32% |
Volatility
TGS vs. YPF - Volatility Comparison
Transportadora de Gas del Sur S.A. (TGS) has a higher volatility of 12.95% compared to YPF Sociedad Anónima (YPF) at 11.68%. This indicates that TGS's price experiences larger fluctuations and is considered to be riskier than YPF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGS | YPF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.95% | 11.68% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 27.30% | 28.15% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.85% | 53.47% | +7.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.49% | 54.77% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.44% | 54.76% | -0.32% |
Dividends
TGS vs. YPF - Dividend Comparison
Neither TGS nor YPF has paid dividends to shareholders.
| Position | 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% |
Financials
TGS vs. YPF - Financials Comparison
This section allows you to compare key financial metrics between Transportadora de Gas del Sur S.A. and YPF Sociedad Anónima. 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
TGS vs. YPF - Profitability Comparison
TGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Transportadora de Gas del Sur S.A. reported a gross profit of 282.03B and revenue of 484.20B. Therefore, the gross margin over that period was 58.3%.
YPF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, YPF Sociedad Anónima reported a gross profit of 1.76B and revenue of 4.94B. Therefore, the gross margin over that period was 35.5%.
TGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Transportadora de Gas del Sur S.A. reported an operating income of 249.34B and revenue of 484.20B, resulting in an operating margin of 51.5%.
YPF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, YPF Sociedad Anónima reported an operating income of 873.00M and revenue of 4.94B, resulting in an operating margin of 17.7%.
TGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Transportadora de Gas del Sur S.A. reported a net income of 159.98B and revenue of 484.20B, resulting in a net margin of 33.0%.
YPF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, YPF Sociedad Anónima reported a net income of 404.00M and revenue of 4.94B, resulting in a net margin of 8.2%.
Frequently Asked Questions
TGS and YPF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGS has higher volatility (12.95%) compared to YPF (11.68%). In terms of maximum drawdown, TGS dropped -95.49% vs YPF's -94.58%.
YPF currently has the higher Sharpe Ratio (0.81 vs 0.25), 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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