RGA vs. VIV
RGA (Reinsurance Group of America, Incorporated) and VIV (Telefônica Brasil S.A.) are both stocks. RGA operates in Insurance - Reinsurance (Financial Services), while VIV operates in Telecom Services (Communication Services). Over the past 10 years, RGA returned 11.40%/yr vs 7.59%/yr for VIV. At a 0.26 correlation, their price movements are largely independent.
Performance
RGA vs. VIV - Performance Comparison
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Returns By Period
In the year-to-date period, RGA achieves a 14.83% return, which is significantly lower than VIV's 25.67% return. Over the past 10 years, RGA has outperformed VIV with an annualized return of 11.40%, while VIV has yielded a comparatively lower 7.59% annualized return.
RGA
- 1D
- 0.29%
- 1M
- 12.35%
- 6M
- 15.97%
- YTD
- 14.83%
- 1Y
- 21.33%
- 3Y*
- 19.97%
- 5Y*
- 17.91%
- 10Y*
- 11.40%
VIV
- 1D
- 3.64%
- 1M
- 6.07%
- 6M
- 19.91%
- YTD
- 25.67%
- 1Y
- 32.02%
- 3Y*
- 26.07%
- 5Y*
- 19.06%
- 10Y*
- 7.59%
RGA vs. VIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGA Reinsurance Group of America, Incorporated | 14.83% | -2.97% | 34.38% | 16.39% | 33.04% | -3.21% | -27.02% | 18.29% | -8.71% | 25.59% |
VIV Telefônica Brasil S.A. | 25.67% | 67.26% | -27.07% | 64.86% | -13.84% | 4.65% | -32.07% | 27.54% | -11.53% | 23.72% |
Correlation
The correlation between RGA and VIV is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2008 | 0.26 |
The correlation between RGA and VIV shifts across timeframes, from 0.11 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
RGA:
$15.14B
VIV:
$22.27B
RGA:
$20.15
VIV:
R$3.99
RGA:
11.47
VIV:
17.89
RGA:
0.43
VIV:
5.37
RGA:
0.57
VIV:
1.88
RGA:
$18.13B
VIV:
R$60.61B
RGA:
$3.15B
VIV:
R$25.92B
RGA:
$1.46B
VIV:
R$24.27B
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Return for Risk
RGA vs. VIV — Risk / Return Rank
RGA
VIV
RGA vs. VIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reinsurance Group of America, Incorporated (RGA) and Telefônica Brasil S.A. (VIV). 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.
| RGA | VIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.39 | +0.19 |
| Martin ratioReturn relative to average drawdown | 3.78 | 3.58 | +0.20 |
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Drawdowns
RGA vs. VIV - Drawdown Comparison
The maximum RGA drawdown since its inception was -65.75%, smaller than the maximum VIV drawdown of -77.73%. Use the drawdown chart below to compare losses from any high point for RGA and VIV.
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Drawdown Indicators
| RGA | VIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.75% | -77.73% | +11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -23.44% | +10.76% |
Max Drawdown (3Y)Largest decline over 3 years | -27.11% | -30.17% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -27.11% | -40.76% | +13.65% |
Max Drawdown (10Y)Largest decline over 10 years | -65.75% | -47.57% | -18.18% |
Current DrawdownCurrent decline from peak | 0.00% | -15.06% | +15.06% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -31.98% | +20.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 9.08% | -3.78% |
Volatility
RGA vs. VIV - Volatility Comparison
The current volatility for Reinsurance Group of America, Incorporated (RGA) is 6.22%, while Telefônica Brasil S.A. (VIV) has a volatility of 8.04%. This indicates that RGA experiences smaller price fluctuations and is considered to be less risky than VIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGA | VIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 8.04% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 23.07% | -5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 29.39% | -5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.67% | 28.52% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.90% | 31.09% | +1.81% |
Dividends
RGA vs. VIV - Dividend Comparison
RGA's dividend yield for the trailing twelve months is around 1.80%, less than VIV's 8.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGA Reinsurance Group of America, Incorporated | 1.80% | 1.79% | 1.63% | 2.04% | 2.15% | 2.61% | 2.42% | 1.59% | 1.57% | 1.17% | 1.24% | 1.64% |
VIV Telefônica Brasil S.A. | 8.81% | 5.25% | 6.60% | 5.55% | 5.86% | 6.44% | 10.22% | 5.25% | 9.20% | 10.87% | 4.09% | 10.07% |
Financials
RGA vs. VIV - Financials Comparison
This section allows you to compare key financial metrics between Reinsurance Group of America, Incorporated and Telefônica Brasil S.A.. 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
RGA vs. VIV - Profitability Comparison
RGA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Reinsurance Group of America, Incorporated reported a gross profit of 0.00 and revenue of 6.49M. Therefore, the gross margin over that period was 0.0%.
VIV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Telefônica Brasil S.A. reported a gross profit of 6.17B and revenue of 15.17B. Therefore, the gross margin over that period was 40.7%.
RGA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Reinsurance Group of America, Incorporated reported an operating income of 441.00K and revenue of 6.49M, resulting in an operating margin of 6.8%.
VIV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Telefônica Brasil S.A. reported an operating income of 2.24B and revenue of 15.17B, resulting in an operating margin of 14.8%.
RGA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Reinsurance Group of America, Incorporated reported a net income of 331.00K and revenue of 6.49M, resulting in a net margin of 5.1%.
VIV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Telefônica Brasil S.A. reported a net income of 1.24B and revenue of 15.17B, resulting in a net margin of 8.2%.
Frequently Asked Questions
RGA and VIV have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIV has higher volatility (8.04%) compared to RGA (6.22%). In terms of maximum drawdown, RGA dropped -65.75% vs VIV's -77.73%.
VIV currently has the higher Sharpe Ratio (1.11 vs 0.84), 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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