CLNX.MC vs. ^IBEX
CLNX.MC (Cellnex Telecom SA) is a stock, while ^IBEX (IBEX 35 Index) is an index. Over the past 10 years, CLNX.MC returned 10.29%/yr vs 7.55%/yr for ^IBEX. At a 0.35 correlation, their price movements are largely independent.
Performance
CLNX.MC vs. ^IBEX - Performance Comparison
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Returns By Period
In the year-to-date period, CLNX.MC achieves a 3.46% return, which is significantly lower than ^IBEX's 5.59% return. Over the past 10 years, CLNX.MC has outperformed ^IBEX with an annualized return of 10.29%, while ^IBEX has yielded a comparatively lower 7.55% annualized return.
CLNX.MC
- 1D
- -1.03%
- 1M
- -1.37%
- YTD
- 3.46%
- 6M
- 11.29%
- 1Y
- -16.74%
- 3Y*
- -9.15%
- 5Y*
- -10.61%
- 10Y*
- 10.29%
^IBEX
- 1D
- 0.55%
- 1M
- 0.95%
- YTD
- 5.59%
- 6M
- 9.51%
- 1Y
- 28.67%
- 3Y*
- 25.31%
- 5Y*
- 15.00%
- 10Y*
- 7.55%
CLNX.MC vs. ^IBEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLNX.MC Cellnex Telecom SA | 3.46% | -10.05% | -14.27% | 15.52% | -39.49% | 12.63% | 37.48% | 94.87% | 5.35% | 56.82% |
^IBEX IBEX 35 Index | 5.59% | 49.27% | 14.78% | 22.76% | -5.56% | 7.93% | -15.45% | 11.82% | -14.97% | 7.40% |
Correlation
The correlation between CLNX.MC and ^IBEX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 8, 2015 | 0.35 |
The correlation between CLNX.MC and ^IBEX shifts across timeframes, from 0.17 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CLNX.MC vs. ^IBEX — Risk / Return Rank
CLNX.MC
^IBEX
CLNX.MC vs. ^IBEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cellnex Telecom SA (CLNX.MC) and IBEX 35 Index (^IBEX). 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.
| CLNX.MC | ^IBEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.33 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.99 | -3.60 |
| Martin ratioReturn relative to average drawdown | -1.03 | 9.92 | -10.96 |
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
| CLNX.MC | ^IBEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | 1.82 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.90 | -1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.40 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.26 | +0.05 |
Drawdowns
CLNX.MC vs. ^IBEX - Drawdown Comparison
The maximum CLNX.MC drawdown since its inception was -58.93%, smaller than the maximum ^IBEX drawdown of -62.65%. Use the drawdown chart below to compare losses from any high point for CLNX.MC and ^IBEX.
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Drawdown Indicators
| CLNX.MC | ^IBEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.93% | -62.65% | +3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -9.64% | -17.23% |
Max Drawdown (3Y)Largest decline over 3 years | -34.84% | -12.60% | -22.24% |
Max Drawdown (5Y)Largest decline over 5 years | -58.93% | -21.76% | -37.17% |
Max Drawdown (10Y)Largest decline over 10 years | -58.93% | -45.16% | -13.77% |
Current DrawdownCurrent decline from peak | -53.25% | -1.19% | -52.06% |
Average DrawdownAverage peak-to-trough decline | -22.09% | -28.32% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.99% | 2.90% | +13.09% |
Volatility
CLNX.MC vs. ^IBEX - Volatility Comparison
Cellnex Telecom SA (CLNX.MC) has a higher volatility of 6.73% compared to IBEX 35 Index (^IBEX) at 4.44%. This indicates that CLNX.MC's price experiences larger fluctuations and is considered to be riskier than ^IBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLNX.MC | ^IBEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 4.44% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.73% | 13.16% | +7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.31% | 15.88% | +9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.91% | 16.30% | +11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.12% | 18.50% | +9.62% |
Frequently Asked Questions
CLNX.MC and ^IBEX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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