ADEA vs. TGNA

Last updated Jun 4, 2026

ADEA (Adeia Inc) and TGNA (TEGNA Inc.) are both stocks. ADEA operates in Software - Application (Technology), while TGNA operates in Broadcasting (Communication Services). At a 0.32 correlation, their price movements are largely independent.

Performance

ADEA vs. TGNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adeia Inc (ADEA) and TEGNA Inc. (TGNA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ADEA

• 1D: 4.53%
• 1M: -4.52%
• YTD: 86.55%
• 6M: 156.21%
• 1Y: 148.04%
• 3Y*: 46.97%
• 5Y*: 42.70%
• 10Y*: 16.84%

TGNA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADEA vs. TGNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADEA Adeia Inc	86.55%	25.22%	14.75%	33.53%	92.17%	-8.65%	16.55%	4.53%	-21.13%	-43.16%
TGNA TEGNA Inc.	3.81%	9.06%	23.53%	-25.87%	16.22%	35.58%	-14.64%	56.42%	-20.96%	4.93%

Correlation

The correlation between ADEA and TGNA is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Nov 21, 2003	0.32

Fundamentals

Market Cap ADEA : $3.66B TGNA : $3.26B
EPS ADEA : $1.08 TGNA : $1.35
PE Ratio ADEA : 29.69 TGNA : 14.82
PEG Ratio ADEA : 2.07 TGNA : 10.40
PS Ratio ADEA : 7.87 TGNA : 1.20
PB Ratio ADEA : 7.84 TGNA : 1.03
Total Revenue (TTM) ADEA : $460.49M TGNA : $2.71B
Gross Profit (TTM) ADEA : $312.21M TGNA : $981.16M
EBITDA (TTM) ADEA : $235.56M TGNA : $442.97M

Return for Risk

ADEA vs. TGNA — Risk / Return Rank

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

ADEA

ADEA Risk / Return Rank: 90
ADEA Sharpe Ratio Rank: 91
ADEA Sortino Ratio Rank: 88
ADEA Omega Ratio Rank: 90
ADEA Calmar Ratio Rank: 89
ADEA Martin Ratio Rank: 90

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.

ADEA vs. TGNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adeia Inc (ADEA) and TEGNA Inc. (TGNA). 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.

	ADEA	TGNA	Difference
Sharpe ratio Return per unit of total volatility	2.47	—	—
Sortino ratio Return per unit of downside risk	3.01	—	—
Omega ratio Gain probability vs. loss probability	1.45	—	—
Calmar ratio Return relative to maximum drawdown	4.28	—	—
Martin ratio Return relative to average drawdown	12.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ADEA	TGNA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	—	—

Drawdowns

Drawdown Indicators

	ADEA	TGNA	Difference
Max Drawdown Largest peak-to-trough decline	-80.75%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-34.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-73.66%	—	—
Current Drawdown Current decline from peak	-4.52%	—	—
Average Drawdown Average peak-to-trough decline	-37.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	12.18%	—	—

Volatility

Volatility by Period

	ADEA	TGNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	60.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.07%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.27%	—	—

Dividends

ADEA vs. TGNA - Dividend Comparison

ADEA's dividend yield for the trailing twelve months is around 0.62%, less than TGNA's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADEA Adeia Inc	0.62%	1.16%	1.43%	1.61%	0.95%	1.06%	2.39%	4.32%	4.35%	3.28%	1.81%	2.67%
TGNA TEGNA Inc.	2.50%	2.58%	2.67%	2.73%	1.79%	1.91%	2.01%	1.68%	2.58%	63.07%	2.62%	31.45%

Financials

ADEA vs. TGNA - Profitability Comparison

The chart below illustrates the profitability comparison between Adeia Inc and TEGNA Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ADEA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported a gross profit of 0.00 and revenue of 104.77M. Therefore, the gross margin over that period was 0.0%.

TGNA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TEGNA Inc. reported a gross profit of 261.28M and revenue of 706.11M. Therefore, the gross margin over that period was 37.0%.

ADEA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported an operating income of 34.83M and revenue of 104.77M, resulting in an operating margin of 33.3%.

TGNA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TEGNA Inc. reported an operating income of 119.41M and revenue of 706.11M, resulting in an operating margin of 16.9%.

ADEA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported a net income of 22.77M and revenue of 104.77M, resulting in a net margin of 21.7%.

TGNA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TEGNA Inc. reported a net income of 57.06M and revenue of 706.11M, resulting in a net margin of 8.1%.

Frequently Asked Questions

Can I hold both ADEA and TGNA in my portfolio?

ADEA and TGNA have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.