OLVAS.HE vs. TGS.OL
OLVAS.HE (Olvi Oyj) and TGS.OL (TGS NOPEC Geophysical Company ASA) are both stocks. OLVAS.HE operates in Beverages - Brewers (Consumer Defensive), while TGS.OL operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, OLVAS.HE returned 5.09%/yr vs 54.64%/yr for TGS.OL. At a 0.11 correlation, their price movements are largely independent.
Performance
OLVAS.HE vs. TGS.OL - Performance Comparison
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Different Trading Currencies
OLVAS.HE is traded in EUR, while TGS.OL is traded in NOK. To make them comparable, the TGS.OL values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, OLVAS.HE achieves a 2.81% return, which is significantly lower than TGS.OL's 119.69% return. Over the past 10 years, OLVAS.HE has underperformed TGS.OL with an annualized return of 5.09%, while TGS.OL has yielded a comparatively higher 54.64% annualized return.
OLVAS.HE
- 1D
- 0.80%
- 1M
- 1.61%
- YTD
- 2.81%
- 6M
- 6.20%
- 1Y
- -5.13%
- 3Y*
- 8.87%
- 5Y*
- -6.11%
- 10Y*
- 5.09%
TGS.OL
- 1D
- -4.55%
- 1M
- 2.74%
- YTD
- 119.69%
- 6M
- 128.97%
- 1Y
- 277.38%
- 3Y*
- 92.55%
- 5Y*
- 79.66%
- 10Y*
- 54.64%
OLVAS.HE vs. TGS.OL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OLVAS.HE Olvi Oyj | 2.81% | 11.74% | 8.20% | -11.91% | -33.05% | 7.92% | 20.70% | 34.27% | 8.57% | 9.60% |
TGS.OL TGS NOPEC Geophysical Company ASA | 119.69% | 89.36% | 52.79% | 42.86% | 126.27% | 0.01% | -27.92% | 87.23% | 31.12% | 17.43% |
Correlation
The correlation between OLVAS.HE and TGS.OL is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007 | 0.11 |
The correlation between OLVAS.HE and TGS.OL shifts across timeframes, from -0.08 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OLVAS.HE vs. TGS.OL — Risk / Return Rank
OLVAS.HE
TGS.OL
OLVAS.HE vs. TGS.OL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Olvi Oyj (OLVAS.HE) and TGS NOPEC Geophysical Company ASA (TGS.OL). 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.
| OLVAS.HE | TGS.OL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.41 | ||
| Sortino ratioReturn per unit of downside risk | -5.91 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.70 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 14.05 | -14.36 |
| Martin ratioReturn relative to average drawdown | -0.64 | 48.80 | -49.45 |
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
| OLVAS.HE | TGS.OL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 5.12 | -5.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 1.48 | -1.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 1.06 | -0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.71 | -0.20 |
Drawdowns
OLVAS.HE vs. TGS.OL - Drawdown Comparison
The maximum OLVAS.HE drawdown since its inception was -57.68%, smaller than the maximum TGS.OL drawdown of -78.75%. Use the drawdown chart below to compare losses from any high point for OLVAS.HE and TGS.OL.
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Drawdown Indicators
| OLVAS.HE | TGS.OL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -78.75% | +21.07% |
Max Drawdown (1Y)Largest decline over 1 year | -16.39% | -20.18% | +3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -19.81% | -34.69% | +14.88% |
Max Drawdown (5Y)Largest decline over 5 years | -48.84% | -34.69% | -14.15% |
Max Drawdown (10Y)Largest decline over 10 years | -48.84% | -65.92% | +17.08% |
Current DrawdownCurrent decline from peak | -32.50% | -5.40% | -27.10% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -18.60% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.40% | 5.78% | +2.62% |
Volatility
OLVAS.HE vs. TGS.OL - Volatility Comparison
The current volatility for Olvi Oyj (OLVAS.HE) is 3.42%, while TGS NOPEC Geophysical Company ASA (TGS.OL) has a volatility of 15.73%. This indicates that OLVAS.HE experiences smaller price fluctuations and is considered to be less risky than TGS.OL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OLVAS.HE | TGS.OL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 15.73% | -12.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 32.57% | -19.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 55.56% | -37.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 54.14% | -30.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.40% | 51.87% | -28.47% |
Dividends
OLVAS.HE vs. TGS.OL - Dividend Comparison
OLVAS.HE's dividend yield for the trailing twelve months is around 4.18%, less than TGS.OL's 39.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OLVAS.HE Olvi Oyj | 4.18% | 4.15% | 4.11% | 4.28% | 3.62% | 2.15% | 2.06% | 2.18% | 2.54% | 2.51% | 2.50% | 2.93% |
TGS.OL TGS NOPEC Geophysical Company ASA | 39.96% | 73.70% | 57.40% | 47.46% | 40.42% | 47.82% | 49.57% | 31.50% | 25.28% | 20.86% | 21.78% | 44.78% |
Financials
OLVAS.HE vs. TGS.OL - Financials Comparison
This section allows you to compare key financial metrics between Olvi Oyj and TGS NOPEC Geophysical Company ASA. 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
Frequently Asked Questions
OLVAS.HE and TGS.OL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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