TRX vs. IHS
TRX (Tanzanian Gold Corporation) and IHS (IHS Holding Limited) are both stocks. TRX operates in Gold (Basic Materials), while IHS operates in Telecom Services (Communication Services). Over the past 3 years, TRX returned 30.83%/yr vs -0.08%/yr for IHS. At a 0.11 correlation, their price movements are largely independent.
Performance
TRX vs. IHS - Performance Comparison
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Returns By Period
In the year-to-date period, TRX achieves a 16.19% return, which is significantly higher than IHS's 11.26% return.
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
- 1D
- -0.60%
- 1M
- 1.10%
- YTD
- 11.26%
- 6M
- 16.90%
- 1Y
- 47.42%
- 3Y*
- -0.08%
- 5Y*
- —
- 10Y*
- —
TRX vs. IHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TRX Tanzanian Gold Corporation | 16.19% | 199.97% | -19.24% | 12.37% | -14.54% | -21.92% |
IHS IHS Holding Limited | 11.26% | 155.48% | -36.52% | -25.20% | -56.38% | -17.06% |
Correlation
The correlation between TRX and IHS 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 TRX and IHS shifts across timeframes, from 0.11 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
TRX:
$331.00M
IHS:
$2.85B
TRX:
-$0.08
IHS:
$0.54
TRX:
2.67
IHS:
1.83
TRX:
$118.87M
IHS:
$1.56B
TRX:
$64.16M
IHS:
$827.25M
TRX:
$21.72M
IHS:
$964.68M
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Return for Risk
TRX vs. IHS — Risk / Return Rank
TRX
IHS
TRX vs. IHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tanzanian Gold Corporation (TRX) and IHS Holding Limited (IHS). 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.
| TRX | IHS | 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 | 1.39 | 1.26 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 2.65 | +1.66 |
| Martin ratioReturn relative to average drawdown | 9.71 | 6.52 | +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
| TRX | IHS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.25 | +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 | 0.02 | -0.27 | +0.28 |
Drawdowns
TRX vs. IHS - Drawdown Comparison
The maximum TRX drawdown since its inception was -97.69%, which is greater than IHS's maximum drawdown of -86.35%. Use the drawdown chart below to compare losses from any high point for TRX and IHS.
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Drawdown Indicators
| TRX | IHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.69% | -86.35% | -11.34% |
Max Drawdown (1Y)Largest decline over 1 year | -50.92% | -18.00% | -32.92% |
Max Drawdown (3Y)Largest decline over 3 years | -50.92% | -76.06% | +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 | -87.94% | -52.38% | -35.56% |
Average DrawdownAverage peak-to-trough decline | -72.13% | -60.60% | -11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.54% | 7.29% | +15.25% |
Volatility
TRX vs. IHS - Volatility Comparison
Tanzanian Gold Corporation (TRX) has a higher volatility of 17.00% compared to IHS Holding Limited (IHS) at 1.81%. This indicates that TRX's price experiences larger fluctuations and is considered to be riskier than IHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRX | IHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.00% | 1.81% | +15.19% |
Volatility (6M)Calculated over the trailing 6-month period | 71.41% | 20.72% | +50.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.07% | 38.36% | +50.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.12% | 54.28% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.79% | 54.28% | +18.51% |
Dividends
TRX vs. IHS - Dividend Comparison
Neither TRX nor IHS has paid dividends to shareholders.
Financials
TRX vs. IHS - Financials Comparison
This section allows you to compare key financial metrics between Tanzanian Gold Corporation and IHS Holding Limited. 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
TRX vs. IHS - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
TRX and IHS 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, TRX dropped -97.69% vs IHS's -86.35%.
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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