BPE.MI vs. TRN.MI
BPE.MI (BPER Banca SpA) and TRN.MI (Terna Rete Elettrica Nazionale SpA) are both stocks. BPE.MI operates in Banks - Regional (Financial Services), while TRN.MI operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, BPE.MI returned 19.56%/yr vs 11.81%/yr for TRN.MI. At a 0.25 correlation, their price movements are largely independent.
Performance
BPE.MI vs. TRN.MI - Performance Comparison
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Returns By Period
In the year-to-date period, BPE.MI achieves a 5.46% return, which is significantly lower than TRN.MI's 9.08% return. Over the past 10 years, BPE.MI has outperformed TRN.MI with an annualized return of 19.56%, while TRN.MI has yielded a comparatively lower 11.81% annualized return.
BPE.MI
- 1D
- 1.57%
- 1M
- -3.48%
- YTD
- 5.46%
- 6M
- 16.45%
- 1Y
- 61.11%
- 3Y*
- 78.43%
- 5Y*
- 50.03%
- 10Y*
- 19.56%
TRN.MI
- 1D
- 0.51%
- 1M
- -3.55%
- YTD
- 9.08%
- 6M
- 10.03%
- 1Y
- 16.40%
- 3Y*
- 12.32%
- 5Y*
- 14.03%
- 10Y*
- 11.81%
BPE.MI vs. TRN.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BPE.MI BPER Banca SpA | 5.46% | 106.79% | 114.89% | 65.06% | 8.98% | 25.27% | -49.58% | 37.79% | -18.17% | -15.72% |
TRN.MI Terna Rete Elettrica Nazionale SpA | 9.08% | 24.27% | 5.54% | 14.12% | 1.04% | 18.77% | 9.22% | 25.16% | 7.31% | 15.96% |
Correlation
The correlation between BPE.MI and TRN.MI is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2004 | 0.25 |
The correlation between BPE.MI and TRN.MI shifts across timeframes, from -0.03 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BPE.MI vs. TRN.MI — Risk / Return Rank
BPE.MI
TRN.MI
BPE.MI vs. TRN.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BPER Banca SpA (BPE.MI) and Terna Rete Elettrica Nazionale SpA (TRN.MI). 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.
| BPE.MI | TRN.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.18 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 1.90 | +1.48 |
| Martin ratioReturn relative to average drawdown | 11.01 | 5.74 | +5.27 |
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
| BPE.MI | TRN.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.00 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.38 | 0.73 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.56 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.67 | -1.16 |
Drawdowns
BPE.MI vs. TRN.MI - Drawdown Comparison
The maximum BPE.MI drawdown since its inception was -99.99%, which is greater than TRN.MI's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for BPE.MI and TRN.MI.
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Drawdown Indicators
| BPE.MI | TRN.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -30.56% | -69.43% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -8.14% | -9.94% |
Max Drawdown (3Y)Largest decline over 3 years | -24.65% | -10.96% | -13.69% |
Max Drawdown (5Y)Largest decline over 5 years | -38.40% | -25.50% | -12.90% |
Max Drawdown (10Y)Largest decline over 10 years | -71.10% | -30.56% | -40.54% |
Current DrawdownCurrent decline from peak | -99.88% | -4.30% | -95.58% |
Average DrawdownAverage peak-to-trough decline | -98.27% | -5.35% | -92.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 2.70% | +2.85% |
Volatility
BPE.MI vs. TRN.MI - Volatility Comparison
BPER Banca SpA (BPE.MI) has a higher volatility of 8.13% compared to Terna Rete Elettrica Nazionale SpA (TRN.MI) at 5.71%. This indicates that BPE.MI's price experiences larger fluctuations and is considered to be riskier than TRN.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BPE.MI | TRN.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 5.71% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 21.99% | 13.21% | +8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.99% | 15.44% | +14.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.99% | 18.98% | +17.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.74% | 20.93% | +20.81% |
Dividends
BPE.MI vs. TRN.MI - Dividend Comparison
BPE.MI's dividend yield for the trailing twelve months is around 5.65%, more than TRN.MI's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPE.MI BPER Banca SpA | 5.65% | 6.03% | 4.89% | 3.97% | 3.13% | 2.19% | 2.69% | 2.90% | 3.27% | 1.43% | 1.98% | 0.28% |
TRN.MI Terna Rete Elettrica Nazionale SpA | 4.01% | 4.38% | 4.52% | 4.27% | 4.33% | 3.89% | 4.10% | 4.01% | 4.53% | 4.30% | 4.64% | 4.21% |
Financials
BPE.MI vs. TRN.MI - Financials Comparison
This section allows you to compare key financial metrics between BPER Banca SpA and Terna Rete Elettrica Nazionale SpA. 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
Frequently Asked Questions
BPE.MI and TRN.MI have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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