TEF vs. IJH
TEF (Telefónica, S.A.) is a stock, while IJH (iShares Core S&P Mid-Cap ETF) is Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Over the past 10 years, TEF returned -2.29%/yr vs 11.27%/yr for IJH. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
TEF vs. IJH - Performance Comparison
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Returns By Period
In the year-to-date period, TEF achieves a -5.93% return, which is significantly lower than IJH's 14.10% return. Over the past 10 years, TEF has underperformed IJH with an annualized return of -2.29%, while IJH has yielded a comparatively higher 11.27% annualized return.
TEF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -5.93%
- 6M
- -4.67%
- 1Y
- -22.23%
- 3Y*
- 4.71%
- 5Y*
- 3.17%
- 10Y*
- -2.29%
IJH
- 1D
- -0.12%
- 1M
- 3.84%
- YTD
- 14.10%
- 6M
- 14.33%
- 1Y
- 25.45%
- 3Y*
- 16.09%
- 5Y*
- 8.17%
- 10Y*
- 11.27%
TEF vs. IJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEF Telefónica, S.A. | -5.93% | 8.59% | 11.16% | 18.09% | -6.36% | 20.27% | -36.44% | -12.77% | -7.83% | 9.97% |
IJH iShares Core S&P Mid-Cap ETF | 14.10% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 16.26% |
Correlation
The correlation between TEF and IJH is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 30, 2000 | 0.51 |
Over the past year, the correlation between TEF and IJH has dropped to 0.06 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
TEF vs. IJH — Risk / Return Rank
TEF
IJH
TEF vs. IJH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefónica, S.A. (TEF) and iShares Core S&P Mid-Cap ETF (IJH). 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 | IJH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.29 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.90 | -3.68 |
| Martin ratioReturn relative to average drawdown | -1.08 | 10.60 | -11.68 |
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
| TEF | IJH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.07 | 1.65 | -2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.42 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 0.53 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.46 | -0.25 |
Drawdowns
TEF vs. IJH - Drawdown Comparison
The maximum TEF drawdown since its inception was -79.71%, which is greater than IJH's maximum drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for TEF and IJH.
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Drawdown Indicators
| TEF | IJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.71% | -55.07% | -24.64% |
Max Drawdown (1Y)Largest decline over 1 year | -30.38% | -8.83% | -21.55% |
Max Drawdown (3Y)Largest decline over 3 years | -30.38% | -24.10% | -6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -38.72% | -24.10% | -14.62% |
Max Drawdown (10Y)Largest decline over 10 years | -65.52% | -42.18% | -23.34% |
Current DrawdownCurrent decline from peak | -60.77% | -0.12% | -60.65% |
Average DrawdownAverage peak-to-trough decline | -33.63% | -7.57% | -26.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.18% | 2.41% | +18.77% |
Volatility
TEF vs. IJH - Volatility Comparison
The current volatility for Telefónica, S.A. (TEF) is 0.00%, while iShares Core S&P Mid-Cap ETF (IJH) has a volatility of 4.37%. This indicates that TEF experiences smaller price fluctuations and is considered to be less risky than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEF | IJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.37% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 11.32% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.24% | 15.54% | +6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.21% | 19.74% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.25% | 21.18% | +6.07% |
Dividends
TEF vs. IJH - Dividend Comparison
TEF's dividend yield for the trailing twelve months is around 9.02%, more than IJH's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJH iShares Core S&P Mid-Cap ETF | 1.18% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
TEF Telefónica, S.A. | 9.02% | 8.48% | 7.97% | 8.30% | 8.77% | 9.65% | 11.21% | 6.39% | 5.52% | 4.77% | 8.76% | 9.98% |
Frequently Asked Questions
TEF and IJH have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJH has higher volatility (4.37%) compared to TEF (0.00%). In terms of maximum drawdown, TEF dropped -79.71% vs IJH's -55.07%.
IJH currently has the higher Sharpe Ratio (1.65 vs -1.07), 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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