TELNF vs. ASTS

Last updated Jun 4, 2026

TELNF (Telenor ASA) and ASTS (AST SpaceMobile, Inc.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 5 years, TELNF returned 11.67%/yr vs 67.26%/yr for ASTS. At a correlation of -0.02, they often move in opposite directions.

Performance

TELNF vs. ASTS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Telenor ASA (TELNF) and AST SpaceMobile, Inc. (ASTS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TELNF achieves a 12.91% return, which is significantly lower than ASTS's 48.33% return.

TELNF

• 1D: 0.00%
• 1M: 2.11%
• YTD: 12.91%
• 6M: 10.20%
• 1Y: 10.72%
• 3Y*: 24.92%
• 5Y*: 11.67%
• 10Y*: 19.13%

ASTS

• 1D: -8.83%
• 1M: 57.43%
• YTD: 48.33%
• 6M: 75.34%
• 1Y: 327.84%
• 3Y*: 167.63%
• 5Y*: 67.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TELNF vs. ASTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TELNF Telenor ASA	12.91%	44.54%	0.24%	46.35%	-30.70%	12.80%	26.45%	-4.68%
ASTS AST SpaceMobile, Inc.	48.33%	244.22%	249.92%	25.10%	-39.29%	-41.53%	37.59%	1.02%

Correlation

The correlation between TELNF and ASTS is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019	-0.02

Fundamentals

Market Cap TELNF : $21.92B ASTS : $31.32B
EPS TELNF : $10.38 ASTS : -$1.84
PS Ratio TELNF : 0.28 ASTS : 336.59
PB Ratio TELNF : 0.29 ASTS : 11.77
Total Revenue (TTM) TELNF : $78.57B ASTS : $84.94M
Gross Profit (TTM) TELNF : $54.68B ASTS : -$22.93M
EBITDA (TTM) TELNF : $43.29B ASTS : -$536.80M

Return for Risk

TELNF vs. ASTS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TELNF

TELNF Risk / Return Rank: 51
TELNF Sharpe Ratio Rank: 50
TELNF Sortino Ratio Rank: 47
TELNF Omega Ratio Rank: 59
TELNF Calmar Ratio Rank: 49
TELNF Martin Ratio Rank: 53

ASTS

ASTS Risk / Return Rank: 91
ASTS Sharpe Ratio Rank: 95
ASTS Sortino Ratio Rank: 88
ASTS Omega Ratio Rank: 85
ASTS Calmar Ratio Rank: 95
ASTS Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TELNF vs. ASTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Telenor ASA (TELNF) and AST SpaceMobile, Inc. (ASTS). 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.

	TELNF	ASTS	Difference
Sharpe ratio Return per unit of total volatility	0.24	3.15	-2.91
Sortino ratio Return per unit of downside risk	0.68	3.06	-2.38
Omega ratio Gain probability vs. loss probability	1.16	1.36	-0.20
Calmar ratio Return relative to maximum drawdown	0.35	6.93	-6.58
Martin ratio Return relative to average drawdown	1.10	13.81	-12.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TELNF vs. ASTS - Sharpe Ratio Comparison

The current TELNF Sharpe Ratio is 0.24, which is lower than the ASTS Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of TELNF and ASTS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TELNF	ASTS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	3.15	-2.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.61	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.44	-0.16

Drawdowns

TELNF vs. ASTS - Drawdown Comparison

The maximum TELNF drawdown since its inception was -81.39%, smaller than the maximum ASTS drawdown of -91.07%. Use the drawdown chart below to compare losses from any high point for TELNF and ASTS.

Drawdown Indicators

	TELNF	ASTS	Difference
Max Drawdown Largest peak-to-trough decline	-81.39%	-91.07%	+9.68%
Max Drawdown (1Y) Largest decline over 1 year	-30.81%	-47.69%	+16.88%
Max Drawdown (3Y) Largest decline over 3 years	-30.81%	-70.66%	+39.85%
Max Drawdown (5Y) Largest decline over 5 years	-43.37%	-85.57%	+42.20%
Max Drawdown (10Y) Largest decline over 10 years	-43.37%	—	—
Current Drawdown Current decline from peak	-12.53%	-19.05%	+6.52%
Average Drawdown Average peak-to-trough decline	-19.60%	-43.41%	+23.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.80%	23.88%	-14.08%

Volatility

TELNF vs. ASTS - Volatility Comparison

The current volatility for Telenor ASA (TELNF) is 7.53%, while AST SpaceMobile, Inc. (ASTS) has a volatility of 40.51%. This indicates that TELNF experiences smaller price fluctuations and is considered to be less risky than ASTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TELNF	ASTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.53%	40.51%	-32.98%
Volatility (6M) Calculated over the trailing 6-month period	26.84%	83.96%	-57.12%
Volatility (1Y) Calculated over the trailing 1-year period	45.28%	104.86%	-59.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.85%	111.63%	-78.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.53%	100.49%	-67.96%

Dividends

TELNF vs. ASTS - Dividend Comparison

TELNF's dividend yield for the trailing twelve months is around 3.36%, while ASTS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ASTS AST SpaceMobile, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TELNF Telenor ASA	3.36%	6.70%	8.07%	15.08%	19.99%	20.90%	25.98%	24.15%	8.98%	36.11%	26.86%

Financials

Frequently Asked Questions

Can I hold both TELNF and ASTS in my portfolio?

TELNF and ASTS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TELNF or ASTS?

ASTS has higher volatility (40.51%) compared to TELNF (7.53%). In terms of maximum drawdown, TELNF dropped -81.39% vs ASTS's -91.07%.

Which has better risk-adjusted returns?

ASTS currently has the higher Sharpe Ratio (3.15 vs 0.24), 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.