Correlation
The correlation between TELNF and SPY is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
TELNF vs. SPY
Compare and contrast key facts about Telenor ASA (TELNF) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TELNF or SPY.
Performance
TELNF vs. SPY - Performance Comparison
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Key characteristics
TELNF:
3.45
SPY:
0.70
TELNF:
1.69
SPY:
1.02
TELNF:
1.22
SPY:
1.15
TELNF:
0.73
SPY:
0.68
TELNF:
4.06
SPY:
2.57
TELNF:
11.56%
SPY:
4.93%
TELNF:
44.17%
SPY:
20.42%
TELNF:
-80.81%
SPY:
-55.19%
TELNF:
-26.84%
SPY:
-3.55%
Returns By Period
In the year-to-date period, TELNF achieves a 45.42% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, TELNF has underperformed SPY with an annualized return of -1.84%, while SPY has yielded a comparatively higher 12.73% annualized return.
TELNF
45.42%
0.96%
34.82%
39.24%
10.60%
3.24%
-1.84%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
TELNF vs. SPY — Risk-Adjusted Performance Rank
TELNF
SPY
TELNF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Telenor ASA (TELNF) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
TELNF vs. SPY - Dividend Comparison
TELNF's dividend yield for the trailing twelve months is around 5.71%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TELNF Telenor ASA | 5.71% | 8.86% | 0.76% | 1.00% | 0.68% | 0.53% | 0.52% | 0.79% | 0.43% | 0.61% | 2.77% | 5.87% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TELNF vs. SPY - Drawdown Comparison
The maximum TELNF drawdown since its inception was -80.81%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TELNF and SPY.
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Volatility
TELNF vs. SPY - Volatility Comparison
Telenor ASA (TELNF) has a higher volatility of 11.27% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that TELNF's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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