TDS vs. VEON
TDS (Telephone and Data Systems, Inc.) and VEON (VEON Ltd.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, TDS returned 9.07%/yr vs -2.63%/yr for VEON. At a 0.27 correlation, their price movements are largely independent.
Performance
TDS vs. VEON - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TDS achieves a 23.35% return, which is significantly higher than VEON's -4.07% return. Over the past 10 years, TDS has outperformed VEON with an annualized return of 9.07%, while VEON has yielded a comparatively lower -2.63% annualized return.
TDS
- 1D
- -1.64%
- 1M
- -0.82%
- YTD
- 23.35%
- 6M
- 24.59%
- 1Y
- 52.64%
- 3Y*
- 93.47%
- 5Y*
- 20.74%
- 10Y*
- 9.07%
VEON
- 1D
- -3.08%
- 1M
- -10.60%
- YTD
- -4.07%
- 6M
- -4.31%
- 1Y
- 26.07%
- 3Y*
- 38.19%
- 5Y*
- 3.00%
- 10Y*
- -2.63%
TDS vs. VEON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDS Telephone and Data Systems, Inc. | 23.35% | 20.73% | 89.02% | 86.26% | -45.27% | 12.04% | -24.32% | -19.98% | 19.58% | -1.46% |
VEON VEON Ltd. | -4.07% | 31.10% | 103.55% | 60.82% | -71.35% | 13.25% | -37.09% | 18.88% | -34.17% | 5.59% |
Correlation
The correlation between TDS and VEON is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 1996 | 0.27 |
The correlation between TDS and VEON shifts across timeframes, from 0.11 (5 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
TDS:
$1.31
VEON:
$8.09
TDS:
29.67
VEON:
6.23
TDS:
8.73
VEON:
2.49
TDS:
1.58
VEON:
0.72
TDS:
$2.13B
VEON:
$4.59B
TDS:
$775.87M
VEON:
$3.63B
TDS:
$746.87M
VEON:
$1.69B
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
TDS vs. VEON — Risk / Return Rank
TDS
VEON
TDS vs. VEON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telephone and Data Systems, Inc. (TDS) and VEON Ltd. (VEON). 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.
| TDS | VEON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.14 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 0.86 | +2.04 |
| Martin ratioReturn relative to average drawdown | 7.48 | 1.64 | +5.84 |
Loading charts...
Drawdowns
TDS vs. VEON - Drawdown Comparison
The maximum TDS drawdown since its inception was -88.89%, smaller than the maximum VEON drawdown of -98.74%. Use the drawdown chart below to compare losses from any high point for TDS and VEON.
Loading charts...
Drawdown Indicators
| TDS | VEON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.89% | -98.74% | +9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -18.27% | -30.54% | +12.27% |
Max Drawdown (3Y)Largest decline over 3 years | -33.36% | -32.15% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -69.65% | -88.66% | +19.01% |
Max Drawdown (10Y)Largest decline over 10 years | -78.98% | -92.52% | +13.54% |
Current DrawdownCurrent decline from peak | -18.02% | -90.35% | +72.33% |
Average DrawdownAverage peak-to-trough decline | -47.30% | -62.64% | +15.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.06% | 15.94% | -8.88% |
Volatility
TDS vs. VEON - Volatility Comparison
The current volatility for Telephone and Data Systems, Inc. (TDS) is 6.86%, while VEON Ltd. (VEON) has a volatility of 10.18%. This indicates that TDS experiences smaller price fluctuations and is considered to be less risky than VEON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TDS | VEON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 10.18% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 31.29% | 34.82% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.24% | 52.89% | -13.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.81% | 69.28% | -5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.58% | 55.97% | -3.39% |
Dividends
TDS vs. VEON - Dividend Comparison
TDS's dividend yield for the trailing twelve months is around 26.73%, while VEON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDS Telephone and Data Systems, Inc. | 26.73% | 0.39% | 0.91% | 4.03% | 6.86% | 3.47% | 3.66% | 2.60% | 1.97% | 2.23% | 2.05% | 2.18% |
VEON VEON Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.62% | 9.58% | 9.47% | 5.97% | 0.68% | 0.80% |
Financials
TDS vs. VEON - Financials Comparison
This section allows you to compare key financial metrics between Telephone and Data Systems, Inc. and VEON Ltd.. 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
TDS vs. VEON - Profitability Comparison
TDS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telephone and Data Systems, Inc. reported a gross profit of 0.00 and revenue of 309.45M. Therefore, the gross margin over that period was 0.0%.
VEON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, VEON Ltd. reported a gross profit of 844.74M and revenue of 1.21B. Therefore, the gross margin over that period was 70.0%.
TDS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telephone and Data Systems, Inc. reported an operating income of 143.82M and revenue of 309.45M, resulting in an operating margin of 46.5%.
VEON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, VEON Ltd. reported an operating income of 309.37M and revenue of 1.21B, resulting in an operating margin of 25.7%.
TDS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telephone and Data Systems, Inc. reported a net income of 127.29M and revenue of 309.45M, resulting in a net margin of 41.1%.
VEON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, VEON Ltd. reported a net income of 99.44M and revenue of 1.21B, resulting in a net margin of 8.2%.
Frequently Asked Questions
TDS and VEON have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEON has higher volatility (10.18%) compared to TDS (6.86%). In terms of maximum drawdown, TDS dropped -88.89% vs VEON's -98.74%.
TDS currently has the higher Sharpe Ratio (1.35 vs 0.50), 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 TDS and VEON
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