CRNT vs. TKC
CRNT (Ceragon Networks Ltd.) and TKC (Turkcell Iletisim Hizmetleri A.S.) are both stocks. CRNT operates in Communication Equipment (Technology), while TKC operates in Telecom Services (Communication Services). Over the past 10 years, CRNT returned -0.40%/yr vs 0.51%/yr for TKC. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
CRNT vs. TKC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRNT achieves a 4.76% return, which is significantly higher than TKC's 0.91% return. Over the past 10 years, CRNT has underperformed TKC with an annualized return of -0.40%, while TKC has yielded a comparatively higher 0.51% annualized return.
CRNT
- 1D
- 1.38%
- 1M
- -9.09%
- 6M
- -7.95%
- YTD
- 4.76%
- 1Y
- 1.85%
- 3Y*
- 1.24%
- 5Y*
- -10.73%
- 10Y*
- -0.40%
- ALL TIME*
- -9.32%
TKC
- 1D
- 2.60%
- 1M
- -5.48%
- 6M
- -15.34%
- YTD
- 0.91%
- 1Y
- 0.60%
- 3Y*
- 9.57%
- 5Y*
- 7.38%
- 10Y*
- 0.51%
- ALL TIME*
- -1.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.30M | $1.56M | $1.92M | |
| $19.91M | $14.72M | $12.22M |
CRNT vs. TKC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRNT Ceragon Networks Ltd. | 4.76% | -55.03% | 116.20% | 13.09% | -25.97% | -7.19% | 32.38% | -44.44% | 90.91% | -24.43% |
TKC Turkcell Iletisim Hizmetleri A.S. | 0.91% | -12.66% | 39.58% | 2.46% | 38.18% | -28.03% | -4.86% | 7.00% | -39.75% | 66.84% |
Correlation
The correlation between CRNT and TKC is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2000 | 0.17 |
Fundamentals
CRNT:
$199.97M
TKC:
$4.81B
CRNT:
-$0.03
TKC:
TRY 11.43
CRNT:
0.60
TKC:
1.94
CRNT:
1.16
TKC:
0.78
CRNT:
$335.08M
TKC:
TRY 115.78B
CRNT:
$115.25M
TKC:
TRY 32.74B
CRNT:
$21.22M
TKC:
TRY 54.96B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRNT vs. TKC — Risk / Return Rank
CRNT
TKC
CRNT vs. TKC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ceragon Networks Ltd. (CRNT) and Turkcell Iletisim Hizmetleri A.S. (TKC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRNT | TKC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 0.02 | +0.03 |
| Martin ratioReturn relative to average drawdown | 0.10 | 0.05 | +0.05 |
Loading charts...
Drawdowns
CRNT vs. TKC - Drawdown Comparison
The maximum CRNT drawdown since its inception was -97.24%, roughly equal to the maximum TKC drawdown of -92.97%. Use the drawdown chart below to compare losses from any high point for CRNT and TKC.
Loading charts...
Drawdown Indicators
| CRNT | TKC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.24% | -92.97% | -4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -35.31% | -24.76% | -10.55% |
Max Drawdown (3Y)Largest decline over 3 years | -66.42% | -30.32% | -36.10% |
Max Drawdown (5Y)Largest decline over 5 years | -66.42% | -50.59% | -15.83% |
Max Drawdown (10Y)Largest decline over 10 years | -79.75% | -72.96% | -6.79% |
Current DrawdownCurrent decline from peak | -93.12% | -61.70% | -31.42% |
Average DrawdownAverage peak-to-trough decline | -85.20% | -56.72% | -28.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.16% | 11.18% | +6.98% |
Volatility
CRNT vs. TKC - Volatility Comparison
Ceragon Networks Ltd. (CRNT) has a higher volatility of 14.43% compared to Turkcell Iletisim Hizmetleri A.S. (TKC) at 8.53%. This indicates that CRNT's price experiences larger fluctuations and is considered to be riskier than TKC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CRNT | TKC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 8.53% | +5.90% |
Volatility (6M)Calculated over the trailing 6-month period | 38.41% | 20.21% | +18.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.57% | 28.18% | +25.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.76% | 38.31% | +13.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.58% | 37.21% | +24.37% |
Dividends
CRNT vs. TKC - Dividend Comparison
CRNT has not paid dividends to shareholders, while TKC's dividend yield for the trailing twelve months is around 1.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRNT Ceragon Networks Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TKC Turkcell Iletisim Hizmetleri A.S. | 1.92% | 4.03% | 3.14% | 1.98% | 1.72% | 9.59% | 2.19% | 3.48% | 8.57% | 10.52% | 0.00% | 16.91% |
Financials
CRNT vs. TKC - Financials Comparison
This section allows you to compare key financial metrics between Ceragon Networks Ltd. and Turkcell Iletisim Hizmetleri A.S.. 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
CRNT vs. TKC - Profitability Comparison
CRNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Ceragon Networks Ltd. reported a gross profit of 30.08M and revenue of 85.00M. Therefore, the gross margin over that period was 35.4%.
TKC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Turkcell Iletisim Hizmetleri A.S. reported a gross profit of 419.05M and revenue of 1.56B. Therefore, the gross margin over that period was 26.8%.
CRNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ceragon Networks Ltd. reported an operating income of 2.09M and revenue of 85.00M, resulting in an operating margin of 2.5%.
TKC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Turkcell Iletisim Hizmetleri A.S. reported an operating income of 238.78M and revenue of 1.56B, resulting in an operating margin of 15.3%.
CRNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ceragon Networks Ltd. reported a net income of -1.34M and revenue of 85.00M, resulting in a net margin of -1.6%.
TKC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Turkcell Iletisim Hizmetleri A.S. reported a net income of 106.00M and revenue of 1.56B, resulting in a net margin of 6.8%.
Frequently Asked Questions
CRNT and TKC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRNT has higher volatility (14.43%) compared to TKC (8.53%). In terms of maximum drawdown, CRNT dropped -97.24% vs TKC's -92.97%.
CRNT currently has the higher Sharpe Ratio (0.03 vs 0.02), 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.
Find the right allocation for CRNT and TKC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer