ERIC vs. CIEN
Compare and contrast key facts about Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Ciena Corporation (CIEN).
Performance
ERIC vs. CIEN - Performance Comparison
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ERIC vs. CIEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 16.79% | 24.14% | 33.36% | 13.40% | -44.43% | -7.26% | 38.51% | 0.17% | 35.45% | 16.57% |
CIEN Ciena Corporation | 66.00% | 175.76% | 88.42% | -11.71% | -33.77% | 45.64% | 23.80% | 25.89% | 62.02% | -14.26% |
Fundamentals
ERIC:
$37.66B
CIEN:
$56.60B
ERIC:
$8.32
CIEN:
$1.58
ERIC:
1.36
CIEN:
246.08
ERIC:
0.16
CIEN:
11.00
ERIC:
0.34
CIEN:
20.27
ERIC:
$229.96B
CIEN:
$5.12B
ERIC:
$110.70B
CIEN:
$2.09B
ERIC:
$47.49B
CIEN:
$450.47M
Returns By Period
In the year-to-date period, ERIC achieves a 16.79% return, which is significantly lower than CIEN's 66.00% return. Over the past 10 years, ERIC has underperformed CIEN with an annualized return of 4.00%, while CIEN has yielded a comparatively higher 35.32% annualized return.
ERIC
- 1D
- 2.18%
- 1M
- -1.83%
- YTD
- 16.79%
- 6M
- 35.13%
- 1Y
- 47.40%
- 3Y*
- 28.80%
- 5Y*
- 0.47%
- 10Y*
- 4.00%
CIEN
- 1D
- 6.36%
- 1M
- 11.34%
- YTD
- 66.00%
- 6M
- 166.51%
- 1Y
- 542.45%
- 3Y*
- 94.80%
- 5Y*
- 46.98%
- 10Y*
- 35.32%
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Return for Risk
ERIC vs. CIEN — Risk / Return Rank
ERIC
CIEN
ERIC vs. CIEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Ciena Corporation (CIEN). 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.
| ERIC | CIEN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 8.51 | -7.13 |
Sortino ratioReturn per unit of downside risk | 2.39 | 5.15 | -2.76 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.83 | -0.51 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 29.93 | -27.39 |
Martin ratioReturn relative to average drawdown | 6.35 | 87.09 | -80.74 |
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
| ERIC | CIEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 8.51 | -7.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 1.01 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.82 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.06 | +0.05 |
Correlation
The correlation between ERIC and CIEN is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ERIC vs. CIEN - Dividend Comparison
ERIC's dividend yield for the trailing twelve months is around 1.34%, while CIEN has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 1.34% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
CIEN Ciena Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ERIC vs. CIEN - Drawdown Comparison
The maximum ERIC drawdown since its inception was -98.59%, roughly equal to the maximum CIEN drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for ERIC and CIEN.
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Drawdown Indicators
| ERIC | CIEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.59% | -99.51% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -18.74% | -17.73% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -66.59% | -49.54% | -17.05% |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | -49.54% | -17.05% |
Current DrawdownCurrent decline from peak | -84.18% | -62.90% | -21.28% |
Average DrawdownAverage peak-to-trough decline | -67.69% | -87.35% | +19.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.50% | 6.09% | +1.41% |
Volatility
ERIC vs. CIEN - Volatility Comparison
The current volatility for Telefonaktiebolaget LM Ericsson (publ) (ERIC) is 9.24%, while Ciena Corporation (CIEN) has a volatility of 30.07%. This indicates that ERIC experiences smaller price fluctuations and is considered to be less risky than CIEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERIC | CIEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.24% | 30.07% | -20.83% |
Volatility (6M)Calculated over the trailing 6-month period | 26.83% | 49.75% | -22.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.03% | 64.38% | -29.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.04% | 46.60% | -12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.24% | 43.44% | -8.20% |
Financials
ERIC vs. CIEN - Financials Comparison
This section allows you to compare key financial metrics between Telefonaktiebolaget LM Ericsson (publ) and Ciena Corporation. 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
ERIC vs. CIEN - Profitability Comparison
ERIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Telefonaktiebolaget LM Ericsson (publ) reported a gross profit of 32.58B and revenue of 67.90B. Therefore, the gross margin over that period was 48.0%.
CIEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ciena Corporation reported a gross profit of 625.52M and revenue of 1.43B. Therefore, the gross margin over that period was 43.8%.
ERIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Telefonaktiebolaget LM Ericsson (publ) reported an operating income of 11.62B and revenue of 67.90B, resulting in an operating margin of 17.1%.
CIEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ciena Corporation reported an operating income of 189.41M and revenue of 1.43B, resulting in an operating margin of 13.3%.
ERIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Telefonaktiebolaget LM Ericsson (publ) reported a net income of 8.39B and revenue of 67.90B, resulting in a net margin of 12.4%.
CIEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ciena Corporation reported a net income of 150.28M and revenue of 1.43B, resulting in a net margin of 10.5%.