FLGZY vs. TEZNY
FLGZY (Flughafen Zürich AG) and TEZNY (Terna Rete Elettrica Nazionale) are both stocks. FLGZY operates in Airports & Air Services (Industrials), while TEZNY operates in Utilities - Regulated Electric (Utilities). Over the past 5 years, FLGZY returned 13.05%/yr vs 12.94%/yr for TEZNY. At a 0.12 correlation, their price movements are largely independent.
Performance
FLGZY vs. TEZNY - Performance Comparison
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Returns By Period
In the year-to-date period, FLGZY achieves a -1.94% return, which is significantly lower than TEZNY's 8.46% return.
FLGZY
- 1D
- 0.00%
- 1M
- 5.36%
- YTD
- -1.94%
- 6M
- 1.36%
- 1Y
- 9.75%
- 3Y*
- 17.73%
- 5Y*
- 13.05%
- 10Y*
- —
TEZNY
- 1D
- 1.85%
- 1M
- -2.75%
- YTD
- 8.46%
- 6M
- 10.22%
- 1Y
- 18.40%
- 3Y*
- 15.71%
- 5Y*
- 12.94%
- 10Y*
- 11.55%
FLGZY vs. TEZNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLGZY Flughafen Zürich AG | -1.94% | 28.53% | 19.45% | 37.18% | -13.41% | -1.11% | 57.31% |
TEZNY Terna Rete Elettrica Nazionale | 8.46% | 41.68% | -1.56% | 18.09% | -4.55% | 8.08% | 35.94% |
Correlation
The correlation between FLGZY and TEZNY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2020 | 0.12 |
Fundamentals
FLGZY:
$0.88
TEZNY:
$2.83
FLGZY:
13.31
TEZNY:
12.24
FLGZY:
2.30
TEZNY:
1.61
FLGZY:
3.33
TEZNY:
3.94
FLGZY:
$2.68B
TEZNY:
$5.88B
FLGZY:
$1.41B
TEZNY:
$4.06B
FLGZY:
$1.49B
TEZNY:
$4.73B
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Return for Risk
FLGZY vs. TEZNY — Risk / Return Rank
FLGZY
TEZNY
FLGZY vs. TEZNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flughafen Zürich AG (FLGZY) and Terna Rete Elettrica Nazionale (TEZNY). 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.
| FLGZY | TEZNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.98 | -1.38 |
| Martin ratioReturn relative to average drawdown | 1.58 | 5.55 | -3.97 |
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
| FLGZY | TEZNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.09 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.60 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.53 | -0.03 |
Drawdowns
FLGZY vs. TEZNY - Drawdown Comparison
The maximum FLGZY drawdown since its inception was -29.38%, smaller than the maximum TEZNY drawdown of -33.48%. Use the drawdown chart below to compare losses from any high point for FLGZY and TEZNY.
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Drawdown Indicators
| FLGZY | TEZNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.38% | -33.48% | +4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -9.35% | -7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -15.74% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -33.48% | +4.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.48% | — |
Current DrawdownCurrent decline from peak | -11.64% | -4.81% | -6.83% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -6.43% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.17% | 3.32% | +2.85% |
Volatility
FLGZY vs. TEZNY - Volatility Comparison
The current volatility for Flughafen Zürich AG (FLGZY) is 5.41%, while Terna Rete Elettrica Nazionale (TEZNY) has a volatility of 6.55%. This indicates that FLGZY experiences smaller price fluctuations and is considered to be less risky than TEZNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLGZY | TEZNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 6.55% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 17.96% | 13.59% | +4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 16.89% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.02% | 21.73% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.60% | 24.24% | +11.36% |
Dividends
FLGZY vs. TEZNY - Dividend Comparison
FLGZY's dividend yield for the trailing twelve months is around 3.65%, less than TEZNY's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLGZY Flughafen Zürich AG | 3.65% | 1.59% | 1.82% | 1.24% | 0.00% | 0.00% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TEZNY Terna Rete Elettrica Nazionale | 3.94% | 4.27% | 4.68% | 4.21% | 4.22% | 3.18% | 2.97% | 3.08% | 3.08% | 2.69% | 6.50% | 2.76% |
Financials
FLGZY vs. TEZNY - Financials Comparison
This section allows you to compare key financial metrics between Flughafen Zürich AG and Terna Rete Elettrica Nazionale. 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
FLGZY vs. TEZNY - Profitability Comparison
FLGZY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Flughafen Zürich AG reported a gross profit of 288.60M and revenue of 714.45M. Therefore, the gross margin over that period was 40.4%.
TEZNY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Terna Rete Elettrica Nazionale reported a gross profit of 908.62M and revenue of 2.16B. Therefore, the gross margin over that period was 42.0%.
FLGZY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Flughafen Zürich AG reported an operating income of 266.38M and revenue of 714.45M, resulting in an operating margin of 37.3%.
TEZNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Terna Rete Elettrica Nazionale reported an operating income of 897.21M and revenue of 2.16B, resulting in an operating margin of 41.5%.
FLGZY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Flughafen Zürich AG reported a net income of 183.67M and revenue of 714.45M, resulting in a net margin of 25.7%.
TEZNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Terna Rete Elettrica Nazionale reported a net income of 519.92M and revenue of 2.16B, resulting in a net margin of 24.0%.
Frequently Asked Questions
FLGZY and TEZNY 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.
TEZNY has higher volatility (6.55%) compared to FLGZY (5.41%). In terms of maximum drawdown, FLGZY dropped -29.38% vs TEZNY's -33.48%.
TEZNY currently has the higher Sharpe Ratio (1.09 vs 0.46), 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.
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