AXAHY vs. TELNY

Last updated Jun 4, 2026

AXAHY (Axa SA ADR) and TELNY (Telenor ASA ADR) are both stocks. AXAHY operates in Insurance - Diversified (Financial Services), while TELNY operates in Telecom Services (Communication Services). Over the past 10 years, AXAHY returned 12.27%/yr vs 6.85%/yr for TELNY. At a 0.41 correlation, their price movements are largely independent.

Performance

AXAHY vs. TELNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axa SA ADR (AXAHY) and Telenor ASA ADR (TELNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AXAHY achieves a -0.47% return, which is significantly lower than TELNY's 14.42% return. Over the past 10 years, AXAHY has outperformed TELNY with an annualized return of 12.27%, while TELNY has yielded a comparatively lower 6.85% annualized return.

AXAHY

• 1D: -2.15%
• 1M: 1.58%
• YTD: -0.47%
• 6M: 7.12%
• 1Y: -0.86%
• 3Y*: 22.24%
• 5Y*: 16.68%
• 10Y*: 12.27%

TELNY

• 1D: -0.25%
• 1M: 1.26%
• YTD: 14.42%
• 6M: 17.40%
• 1Y: 12.66%
• 3Y*: 24.63%
• 5Y*: 5.79%
• 10Y*: 6.85%

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

AXAHY vs. TELNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AXAHY Axa SA ADR	-0.47%	42.15%	15.60%	24.26%	-0.12%	32.10%	-11.41%	39.57%	-23.77%	23.28%
TELNY Telenor ASA ADR	14.42%	38.41%	4.53%	33.74%	-35.05%	-1.85%	0.85%	-2.97%	-2.17%	56.53%

Correlation

The correlation between AXAHY and TELNY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.41

The correlation between AXAHY and TELNY shifts across timeframes, from 0.27 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AXAHY : $91.45B TELNY : $22.19B
EPS AXAHY : $8.43 TELNY : $10.35
PE Ratio AXAHY : 5.35 TELNY : 1.57
PEG Ratio AXAHY : 0.36 TELNY : 1.24
PS Ratio AXAHY : 0.46 TELNY : 0.28
PB Ratio AXAHY : 1.94 TELNY : 0.29
Total Revenue (TTM) AXAHY : $206.92B TELNY : $78.35B
Gross Profit (TTM) AXAHY : $198.36B TELNY : $54.58B
EBITDA (TTM) AXAHY : $21.17B TELNY : $43.17B

Return for Risk

AXAHY vs. TELNY — Risk / Return Rank

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

AXAHY

AXAHY Risk / Return Rank: 36
AXAHY Sharpe Ratio Rank: 39
AXAHY Sortino Ratio Rank: 31
AXAHY Omega Ratio Rank: 32
AXAHY Calmar Ratio Rank: 38
AXAHY Martin Ratio Rank: 38

TELNY

TELNY Risk / Return Rank: 55
TELNY Sharpe Ratio Rank: 59
TELNY Sortino Ratio Rank: 52
TELNY Omega Ratio Rank: 52
TELNY Calmar Ratio Rank: 56
TELNY Martin Ratio Rank: 56

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.

AXAHY vs. TELNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axa SA ADR (AXAHY) and Telenor ASA ADR (TELNY). 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.

	AXAHY	TELNY	Difference
Sharpe ratio Return per unit of total volatility	-0.04	0.54	-0.58
Sortino ratio Return per unit of downside risk	0.09	0.94	-0.85
Omega ratio Gain probability vs. loss probability	1.01	1.12	-0.11
Calmar ratio Return relative to maximum drawdown	-0.06	0.71	-0.77
Martin ratio Return relative to average drawdown	-0.11	1.51	-1.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXAHY vs. TELNY - Sharpe Ratio Comparison

The current AXAHY Sharpe Ratio is -0.04, which is lower than the TELNY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of AXAHY and TELNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AXAHY	TELNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	0.54	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.26	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.27	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.12	+0.02

Drawdowns

AXAHY vs. TELNY - Drawdown Comparison

The maximum AXAHY drawdown since its inception was -89.17%, which is greater than TELNY's maximum drawdown of -81.49%. Use the drawdown chart below to compare losses from any high point for AXAHY and TELNY.

Drawdown Indicators

	AXAHY	TELNY	Difference
Max Drawdown Largest peak-to-trough decline	-89.17%	-81.49%	-7.68%
Max Drawdown (1Y) Largest decline over 1 year	-15.11%	-17.96%	+2.85%
Max Drawdown (3Y) Largest decline over 3 years	-16.44%	-17.96%	+1.52%
Max Drawdown (5Y) Largest decline over 5 years	-32.38%	-46.37%	+13.99%
Max Drawdown (10Y) Largest decline over 10 years	-56.26%	-50.97%	-5.29%
Current Drawdown Current decline from peak	-5.79%	-10.94%	+5.15%
Average Drawdown Average peak-to-trough decline	-43.12%	-23.14%	-19.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.93%	8.39%	-0.46%

Volatility

AXAHY vs. TELNY - Volatility Comparison

Axa SA ADR (AXAHY) has a higher volatility of 7.86% compared to Telenor ASA ADR (TELNY) at 5.41%. This indicates that AXAHY's price experiences larger fluctuations and is considered to be riskier than TELNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXAHY	TELNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	5.41%	+2.45%
Volatility (6M) Calculated over the trailing 6-month period	15.48%	18.71%	-3.23%
Volatility (1Y) Calculated over the trailing 1-year period	21.28%	23.51%	-2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.11%	22.78%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.22%	25.01%	+3.21%

Dividends

AXAHY vs. TELNY - Dividend Comparison

AXAHY's dividend yield for the trailing twelve months is around 6.02%, more than TELNY's 5.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXAHY Axa SA ADR	6.02%	5.10%	5.91%	5.50%	6.00%	5.70%	3.45%	5.36%	7.26%	4.26%	4.96%	3.90%
TELNY Telenor ASA ADR	5.81%	5.85%	8.06%	7.72%	10.95%	6.79%	5.53%	5.39%	7.99%	7.00%	9.13%	5.40%

Financials

AXAHY vs. TELNY - Profitability Comparison

The chart below illustrates the profitability comparison between Axa SA ADR and Telenor ASA ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AXAHY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axa SA ADR reported a gross profit of 70.40B and revenue of 70.40B. Therefore, the gross margin over that period was 100.0%.

TELNY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telenor ASA ADR reported a gross profit of 14.20B and revenue of 18.20B. Therefore, the gross margin over that period was 78.0%.

AXAHY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axa SA ADR reported an operating income of 0.00 and revenue of 70.40B, resulting in an operating margin of 0.0%.

TELNY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telenor ASA ADR reported an operating income of 4.12B and revenue of 18.20B, resulting in an operating margin of 22.6%.

AXAHY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axa SA ADR reported a net income of 5.86B and revenue of 70.40B, resulting in a net margin of 8.3%.

TELNY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telenor ASA ADR reported a net income of 8.21B and revenue of 18.20B, resulting in a net margin of 45.1%.

Frequently Asked Questions

Can I hold both AXAHY and TELNY in my portfolio?

AXAHY and TELNY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AXAHY or TELNY?

AXAHY has higher volatility (7.86%) compared to TELNY (5.41%). In terms of maximum drawdown, AXAHY dropped -89.17% vs TELNY's -81.49%.

Which has better risk-adjusted returns?

TELNY currently has the higher Sharpe Ratio (0.54 vs -0.04), 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.