YPF vs. TGS
YPF (YPF Sociedad Anónima) and TGS (Transportadora de Gas del Sur S.A.) are both stocks. Both are in the Energy sector — YPF in Oil & Gas Integrated, TGS in Oil & Gas Midstream. Over the past 10 years, YPF returned 10.08%/yr vs 19.37%/yr for TGS. At a 0.35 correlation, their price movements are largely independent.
Performance
YPF vs. TGS - Performance Comparison
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Returns By Period
In the year-to-date period, YPF achieves a 36.81% return, which is significantly higher than TGS's 1.35% return. Over the past 10 years, YPF has underperformed TGS with an annualized return of 10.08%, while TGS has yielded a comparatively higher 19.37% annualized return.
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
- 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 vs. TGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YPF YPF Sociedad Anónima | 36.81% | -14.94% | 147.29% | 87.05% | 140.58% | -18.72% | -59.41% | -12.86% | -41.18% | 39.31% |
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% |
Correlation
The correlation between YPF and TGS 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, YPF and TGS have become more correlated (0.79) than their long-term average of 0.35, meaning their price movements have been converging.
Fundamentals
YPF:
$19.40B
TGS:
$4.74B
YPF:
-$3.19K
TGS:
ARS 3.05K
YPF:
0.00
TGS:
3.82
YPF:
1.71
TGS:
1.94
YPF:
$13.23T
TGS:
ARS 1.82T
YPF:
$3.80T
TGS:
ARS 985.40B
YPF:
$4.05T
TGS:
ARS 1.03T
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Return for Risk
YPF vs. TGS — Risk / Return Rank
YPF
TGS
YPF vs. TGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YPF Sociedad Anónima (YPF) and Transportadora de Gas del Sur S.A. (TGS). 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.
| YPF | TGS | 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 | 1.19 | 1.11 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.46 | +0.77 |
| Martin ratioReturn relative to average drawdown | 3.42 | 1.16 | +2.26 |
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Drawdowns
YPF vs. TGS - Drawdown Comparison
The maximum YPF drawdown since its inception was -94.58%, roughly equal to the maximum TGS drawdown of -95.49%. Use the drawdown chart below to compare losses from any high point for YPF and TGS.
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Drawdown Indicators
| YPF | TGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.58% | -95.49% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -34.89% | -32.96% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -48.79% | -39.49% | -9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -48.79% | -39.49% | -9.30% |
Max Drawdown (10Y)Largest decline over 10 years | -90.08% | -80.55% | -9.53% |
Current DrawdownCurrent decline from peak | -12.21% | -10.79% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -39.08% | -47.01% | +7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.71% | 13.03% | -0.32% |
Volatility
YPF vs. TGS - Volatility Comparison
The current volatility for YPF Sociedad Anónima (YPF) is 11.68%, while Transportadora de Gas del Sur S.A. (TGS) has a volatility of 12.95%. This indicates that YPF experiences smaller price fluctuations and is considered to be less risky than TGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YPF | TGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 12.95% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 28.15% | 27.30% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.47% | 60.85% | -7.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.77% | 55.49% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.76% | 54.44% | +0.32% |
Dividends
YPF vs. TGS - Dividend Comparison
Neither YPF nor TGS 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
YPF vs. TGS - Financials Comparison
This section allows you to compare key financial metrics between YPF Sociedad Anónima and Transportadora de Gas del Sur S.A.. 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
YPF vs. TGS - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
YPF and TGS 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, YPF dropped -94.58% vs TGS's -95.49%.
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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