CBG.L vs. AAF.L
CBG.L (Close Brothers Group plc) and AAF.L (Airtel Africa plc) are both stocks. CBG.L operates in Banks - Regional (Financial Services), while AAF.L operates in Telecom Services (Communication Services). Over the past 5 years, CBG.L returned -19.92%/yr vs 37.21%/yr for AAF.L. At a 0.25 correlation, their price movements are largely independent.
Performance
CBG.L vs. AAF.L - Performance Comparison
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Returns By Period
In the year-to-date period, CBG.L achieves a -13.65% return, which is significantly lower than AAF.L's -5.41% return.
CBG.L
- 1D
- 0.00%
- 1M
- 2.17%
- YTD
- -13.65%
- 6M
- 1.39%
- 1Y
- 37.14%
- 3Y*
- -21.01%
- 5Y*
- -19.92%
- 10Y*
- -6.57%
AAF.L
- 1D
- 0.42%
- 1M
- -4.87%
- YTD
- -5.41%
- 6M
- 5.46%
- 1Y
- 86.51%
- 3Y*
- 43.84%
- 5Y*
- 37.21%
- 10Y*
- —
CBG.L vs. AAF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CBG.L Close Brothers Group plc | -13.65% | 121.21% | -70.25% | -17.80% | -20.21% | 5.65% | -10.18% | 16.97% |
AAF.L Airtel Africa plc | -5.41% | 218.32% | -9.69% | 20.11% | -14.00% | 81.14% | -1.32% | 21.03% |
Correlation
The correlation between CBG.L and AAF.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019 | 0.25 |
The correlation between CBG.L and AAF.L shifts across timeframes, from 0.12 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CBG.L:
£675.00M
AAF.L:
£12.25B
CBG.L:
-£0.82
AAF.L:
£0.18
CBG.L:
0.37
AAF.L:
1.92
CBG.L:
0.46
AAF.L:
3.89
CBG.L:
£1.84B
AAF.L:
£6.37B
CBG.L:
£1.58B
AAF.L:
£3.93B
CBG.L:
£174.70M
AAF.L:
£2.98B
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Return for Risk
CBG.L vs. AAF.L — Risk / Return Rank
CBG.L
AAF.L
CBG.L vs. AAF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Close Brothers Group plc (CBG.L) and Airtel Africa plc (AAF.L). 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.
| CBG.L | AAF.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 2.06 | -1.35 |
Sortino ratioReturn per unit of downside risk | 1.43 | 2.77 | -1.35 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 3.37 | -2.34 |
Martin ratioReturn relative to average drawdown | 2.42 | 12.92 | -10.50 |
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
| CBG.L | AAF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 2.06 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 1.05 | -1.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.64 | -0.43 |
Drawdowns
CBG.L vs. AAF.L - Drawdown Comparison
The maximum CBG.L drawdown since its inception was -86.76%, which is greater than AAF.L's maximum drawdown of -65.78%. Use the drawdown chart below to compare losses from any high point for CBG.L and AAF.L.
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Drawdown Indicators
| CBG.L | AAF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.76% | -65.78% | -20.98% |
Max Drawdown (1Y)Largest decline over 1 year | -37.33% | -25.56% | -11.77% |
Max Drawdown (3Y)Largest decline over 3 years | -79.97% | -31.08% | -48.89% |
Max Drawdown (5Y)Largest decline over 5 years | -86.55% | -44.52% | -42.03% |
Max Drawdown (10Y)Largest decline over 10 years | -86.76% | — | — |
Current DrawdownCurrent decline from peak | -67.71% | -20.04% | -47.67% |
Average DrawdownAverage peak-to-trough decline | -22.65% | -18.26% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.84% | 6.64% | +9.20% |
Volatility
CBG.L vs. AAF.L - Volatility Comparison
The current volatility for Close Brothers Group plc (CBG.L) is 12.26%, while Airtel Africa plc (AAF.L) has a volatility of 26.01%. This indicates that CBG.L experiences smaller price fluctuations and is considered to be less risky than AAF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBG.L | AAF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.26% | 26.01% | -13.75% |
Volatility (6M)Calculated over the trailing 6-month period | 34.38% | 33.44% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.76% | 41.79% | +9.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.98% | 35.44% | +13.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.24% | 46.24% | -6.00% |
Dividends
CBG.L vs. AAF.L - Dividend Comparison
CBG.L has not paid dividends to shareholders, while AAF.L's dividend yield for the trailing twelve months is around 1.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAF.L Airtel Africa plc | 1.13% | 1.07% | 3.31% | 2.76% | 3.21% | 1.80% | 3.71% | 2.26% | 0.00% | 0.00% | 0.00% | 0.00% |
CBG.L Close Brothers Group plc | 0.00% | 0.00% | 0.00% | 8.50% | 6.30% | 4.27% | 2.89% | 4.13% | 4.38% | 4.14% | 3.94% | 4.00% |
Financials
CBG.L vs. AAF.L - Financials Comparison
This section allows you to compare key financial metrics between Close Brothers Group plc and Airtel Africa plc. 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
CBG.L vs. AAF.L - Profitability Comparison
CBG.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Close Brothers Group plc reported a gross profit of 78.50M and revenue of 358.00M. Therefore, the gross margin over that period was 21.9%.
AAF.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Airtel Africa plc reported a gross profit of 880.79M and revenue of 1.71B. Therefore, the gross margin over that period was 51.5%.
CBG.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Close Brothers Group plc reported an operating income of -65.50M and revenue of 358.00M, resulting in an operating margin of -18.3%.
AAF.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Airtel Africa plc reported an operating income of 578.39M and revenue of 1.71B, resulting in an operating margin of 33.8%.
CBG.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Close Brothers Group plc reported a net income of -64.40M and revenue of 358.00M, resulting in a net margin of -18.0%.
AAF.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Airtel Africa plc reported a net income of 194.75M and revenue of 1.71B, resulting in a net margin of 11.4%.
Frequently Asked Questions
CBG.L and AAF.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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