TTAPY vs. ARGX

Last updated Aug 1, 2026

TTAPY (TTW Public Company Limited) and ARGX (argenx SE) are both stocks. TTAPY operates in Utilities - Regulated Water (Utilities), while ARGX operates in Biotechnology (Healthcare). Over the past 5 years, TTAPY returned 3.86%/yr vs 22.91%/yr for ARGX. Their 0.03 correlation means their historical movements had little consistent relationship.

Performance

TTAPY vs. ARGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TTW Public Company Limited (TTAPY) and argenx SE (ARGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTAPY achieves a 2.61% return, which is significantly higher than ARGX's 1.53% return.

TTAPY

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.60%
• YTD: 2.61%
• 1Y: 20.29%
• 3Y*: 13.15%
• 5Y*: 3.86%
• 10Y*: 4.83%
• ALL TIME*: 6.50%

ARGX

• 1D: -2.15%
• 1M: -9.14%
• 6M: 1.58%
• YTD: 1.53%
• 1Y: 26.72%
• 3Y*: 19.21%
• 5Y*: 22.91%
• 10Y*: —
• ALL TIME*: 52.20%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARGX argenx SE	$264.18M	$262.07M	$293.40M
TTAPY TTW Public Company Limited	$0.00	$0.00	$161.52

TTAPY vs. ARGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTAPY TTW Public Company Limited	2.61%	23.94%	7.75%	9.43%	-21.49%	-12.78%	-2.99%	21.66%	3.29%	30.56%
ARGX argenx SE	1.53%	36.74%	61.66%	0.42%	8.18%	19.08%	83.21%	67.09%	52.15%	252.74%

Correlation

The correlation between TTAPY and ARGX is 0.06, 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.	0.06
Correlation (3Y) Balances recent behavior with more history.	0.03
Correlation (5Y) Shows whether the relationship held over a longer period.	0.01
Correlation (All Time) Calculated using the full available price history since May 18, 2017	0.03

Fundamentals

Market Cap TTAPY : $1.21B ARGX : $53.10B
EPS TTAPY : THB 40.77 ARGX : $35.23
PE Ratio TTAPY : 12.38 ARGX : 24.24
PEG Ratio TTAPY : 58.99 ARGX : 0.47
PS Ratio TTAPY : 7.70 ARGX : 8.63
PB Ratio TTAPY : 2.33 ARGX : 6.53
Total Revenue (TTM) TTAPY : THB 5.23B ARGX : $6.46B
Gross Profit (TTM) TTAPY : THB 3.58B ARGX : $6.96B
EBITDA (TTM) TTAPY : THB 4.52B ARGX : $2.01B

Return for Risk

TTAPY vs. ARGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TTAPY

TTAPY Risk / Return Rank: 80
TTAPY Sharpe Ratio Rank: 74
TTAPY Sortino Ratio Rank: 69
TTAPY Omega Ratio Rank: 95
TTAPY Calmar Ratio Rank: 82
TTAPY Martin Ratio Rank: 79

ARGX

ARGX Risk / Return Rank: 69
ARGX Sharpe Ratio Rank: 73
ARGX Sortino Ratio Rank: 69
ARGX Omega Ratio Rank: 67
ARGX Calmar Ratio Rank: 66
ARGX Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TTAPY vs. ARGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TTW Public Company Limited (TTAPY) and argenx SE (ARGX). 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.

	TTAPY	ARGX	Difference
Sharpe ratio: Return per unit of total volatility	0.92	0.90	+0.02
Sortino ratio: Return per unit of downside risk	1.42	1.45	-0.03
Omega ratio: Gain probability vs. loss probability	1.46	1.17	+0.29
Calmar ratio: Return relative to maximum drawdown	2.33	0.96	+1.37
Martin ratio: Return relative to average drawdown	4.89	2.53	+2.36

TTAPY vs. ARGX - Sharpe Ratio Comparison

The current TTAPY Sharpe Ratio is 0.92, which is comparable to the ARGX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of TTAPY and ARGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TTAPY vs. ARGX - Drawdown Comparison

The maximum TTAPY drawdown since its inception was -37.48%, roughly equal to the maximum ARGX drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for TTAPY and ARGX.

Drawdown Indicators

	TTAPY	ARGX	Difference
Max Drawdown Largest peak-to-trough decline	-37.48%	-38.20%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-28.58%	+19.85%
Max Drawdown (3Y) Largest decline over 3 years	-9.45%	-35.81%	+26.36%
Max Drawdown (5Y) Largest decline over 5 years	-23.60%	-38.20%	+14.60%
Max Drawdown (10Y) Largest decline over 10 years	-37.48%	—	—
Current Drawdown Current decline from peak	-6.25%	-9.14%	+2.89%
Average Drawdown Average peak-to-trough decline	-16.66%	-11.00%	-5.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	10.86%	-6.70%

Volatility

TTAPY vs. ARGX - Volatility Comparison

The current volatility for TTW Public Company Limited (TTAPY) is 0.00%, while argenx SE (ARGX) has a volatility of 12.26%. This indicates that TTAPY experiences smaller price fluctuations and is considered to be less risky than ARGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTAPY	ARGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	12.26%	-12.26%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	25.05%	-13.14%
Volatility (1Y) Calculated over the trailing 1-year period	22.20%	32.75%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	38.85%	-22.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.38%	51.40%	-28.02%

Dividends

TTAPY vs. ARGX - Dividend Comparison

TTAPY's dividend yield for the trailing twelve months is around 6.28%, while ARGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARGX argenx SE	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TTAPY TTW Public Company Limited	6.28%	5.97%	6.51%	6.61%	6.87%	5.48%	4.10%	1.85%	4.02%	4.44%	5.87%	3.40%

Financials

Frequently Asked Questions

Can I hold both TTAPY and ARGX in my portfolio?

TTAPY and ARGX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TTAPY or ARGX?

ARGX has higher volatility (12.26%) compared to TTAPY (0.00%). In terms of maximum drawdown, TTAPY dropped -37.48% vs ARGX's -38.20%.

Which has better risk-adjusted returns?

TTAPY currently has the higher Sharpe Ratio (0.92 vs 0.90), 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.