TEF.MC vs. CLNX.MC
TEF.MC (Telefonica) and CLNX.MC (Cellnex Telecom SA) are both stocks. TEF.MC operates in Telecom Services (Communication Services), while CLNX.MC operates in Real Estate - Services (Real Estate). Over the past 10 years, TEF.MC returned -2.94%/yr vs 10.29%/yr for CLNX.MC. At a 0.27 correlation, their price movements are largely independent.
Performance
TEF.MC vs. CLNX.MC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TEF.MC achieves a 12.02% return, which is significantly higher than CLNX.MC's 3.46% return. Over the past 10 years, TEF.MC has underperformed CLNX.MC with an annualized return of -2.94%, while CLNX.MC has yielded a comparatively higher 10.29% annualized return.
TEF.MC
- 1D
- -0.66%
- 1M
- 0.00%
- YTD
- 12.02%
- 6M
- 10.31%
- 1Y
- -11.69%
- 3Y*
- 6.14%
- 5Y*
- 6.09%
- 10Y*
- -2.94%
CLNX.MC
- 1D
- -1.03%
- 1M
- -1.37%
- YTD
- 3.46%
- 6M
- 11.29%
- 1Y
- -16.74%
- 3Y*
- -9.15%
- 5Y*
- -10.61%
- 10Y*
- 10.29%
TEF.MC vs. CLNX.MC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEF.MC Telefonica | 12.02% | -5.79% | 18.10% | 11.17% | -6.72% | 27.46% | -43.82% | -11.15% | -5.78% | -4.57% |
CLNX.MC Cellnex Telecom SA | 3.46% | -10.05% | -14.27% | 15.52% | -39.49% | 12.63% | 37.48% | 94.87% | 5.35% | 56.82% |
Correlation
The correlation between TEF.MC and CLNX.MC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 8, 2015 | 0.27 |
The correlation between TEF.MC and CLNX.MC shifts across timeframes, from 0.26 (10 years) to 0.39 (3 years), reflecting how their relationship changes across market environments.
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
TEF.MC vs. CLNX.MC — Risk / Return Rank
TEF.MC
CLNX.MC
TEF.MC vs. CLNX.MC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefonica (TEF.MC) and Cellnex Telecom SA (CLNX.MC). 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.
| TEF.MC | CLNX.MC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.90 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.61 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.60 | -1.03 | +0.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TEF.MC | CLNX.MC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | -0.65 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | -0.38 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.11 | 0.36 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.30 | -0.08 |
Drawdowns
TEF.MC vs. CLNX.MC - Drawdown Comparison
The maximum TEF.MC drawdown since its inception was -77.98%, which is greater than CLNX.MC's maximum drawdown of -58.93%. Use the drawdown chart below to compare losses from any high point for TEF.MC and CLNX.MC.
Loading charts...
Drawdown Indicators
| TEF.MC | CLNX.MC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.98% | -58.93% | -19.05% |
Max Drawdown (1Y)Largest decline over 1 year | -31.46% | -26.87% | -4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -31.46% | -34.84% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -34.23% | -58.93% | +24.70% |
Max Drawdown (10Y)Largest decline over 10 years | -69.15% | -58.93% | -10.22% |
Current DrawdownCurrent decline from peak | -56.07% | -53.25% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -36.20% | -22.09% | -14.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.07% | 15.99% | +2.08% |
Volatility
TEF.MC vs. CLNX.MC - Volatility Comparison
Telefonica (TEF.MC) has a higher volatility of 7.68% compared to Cellnex Telecom SA (CLNX.MC) at 6.73%. This indicates that TEF.MC's price experiences larger fluctuations and is considered to be riskier than CLNX.MC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TEF.MC | CLNX.MC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 6.73% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 20.73% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.16% | 25.31% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.15% | 27.91% | -6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.55% | 28.12% | -2.57% |
Dividends
TEF.MC vs. CLNX.MC - Dividend Comparison
TEF.MC's dividend yield for the trailing twelve months is around 6.21%, more than CLNX.MC's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLNX.MC Cellnex Telecom SA | 1.39% | 0.06% | 0.21% | 0.16% | 0.17% | 0.13% | 0.13% | 0.20% | 0.47% | 0.33% | 0.54% | 0.19% |
TEF.MC Telefonica | 6.21% | 6.96% | 6.17% | 6.88% | 7.13% | 7.28% | 9.66% | 5.20% | 4.41% | 3.99% | 6.80% | 5.84% |
Financials
TEF.MC vs. CLNX.MC - Financials Comparison
This section allows you to compare key financial metrics between Telefonica and Cellnex Telecom SA. 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
TEF.MC and CLNX.MC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for TEF.MC and CLNX.MC
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