TELNF vs. TU
TELNF (Telenor ASA) and TU (TELUS Corporation) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, TELNF returned 17.42%/yr vs 0.29%/yr for TU. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
TELNF vs. TU - Performance Comparison
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Returns By Period
In the year-to-date period, TELNF achieves a -2.38% return, which is significantly higher than TU's -23.84% return. Over the past 10 years, TELNF has outperformed TU with an annualized return of 17.42%, while TU has yielded a comparatively lower 0.29% annualized return.
TELNF
- 1D
- 0.00%
- 1M
- -1.86%
- 6M
- -20.99%
- YTD
- -2.38%
- 1Y
- -8.73%
- 3Y*
- 18.02%
- 5Y*
- 7.37%
- 10Y*
- 17.42%
- ALL TIME*
- 9.73%
TU
- 1D
- -11.23%
- 1M
- -6.18%
- 6M
- -28.15%
- YTD
- -23.84%
- 1Y
- -32.98%
- 3Y*
- -12.26%
- 5Y*
- -9.95%
- 10Y*
- 0.29%
- ALL TIME*
- 8.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
TELNF Telenor ASA | $3.21K | $2.30K | $8.30K |
| $103.86M | $83.58M | $74.39M |
TELNF vs. TU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TELNF Telenor ASA | -2.38% | 44.54% | 0.24% | 46.35% | -30.70% | 12.80% | 26.45% | 16.56% | -1.84% | 135.89% |
TU TELUS Corporation | -23.84% | 4.99% | -18.39% | -2.40% | -14.32% | 24.49% | 7.29% | 22.32% | -8.23% | 25.82% |
Correlation
The correlation between TELNF and TU is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.12 |
Fundamentals
TELNF:
$18.90B
TU:
$14.93B
TELNF:
NOK 9.51
TU:
CA$0.60
TELNF:
13.91
TU:
22.33
TELNF:
2.36
TU:
1.01
TELNF:
2.87
TU:
1.34
TELNF:
NOK 76.39B
TU:
CA$20.49B
TELNF:
NOK 52.65B
TU:
CA$8.67B
TELNF:
NOK 41.54B
TU:
CA$7.67B
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Return for Risk
TELNF vs. TU — Risk / Return Rank
TELNF
TU
TELNF vs. TU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telenor ASA (TELNF) and TELUS Corporation (TU). 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.
| TELNF | TU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.70 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.95 | +0.66 |
| Martin ratioReturn relative to average drawdown | -0.73 | -2.01 | +1.28 |
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Drawdowns
TELNF vs. TU - Drawdown Comparison
The maximum TELNF drawdown since its inception was -81.39%, smaller than the maximum TU drawdown of -88.28%. Use the drawdown chart below to compare losses from any high point for TELNF and TU.
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Drawdown Indicators
| TELNF | TU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.39% | -88.28% | +6.89% |
Max Drawdown (1Y)Largest decline over 1 year | -30.81% | -37.01% | +6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -30.81% | -37.83% | +7.02% |
Max Drawdown (5Y)Largest decline over 5 years | -43.37% | -53.52% | +10.15% |
Max Drawdown (10Y)Largest decline over 10 years | -43.37% | -53.52% | +10.15% |
Current DrawdownCurrent decline from peak | -24.37% | -53.52% | +29.15% |
Average DrawdownAverage peak-to-trough decline | -19.58% | -19.41% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.06% | 17.46% | -5.40% |
Volatility
TELNF vs. TU - Volatility Comparison
The current volatility for Telenor ASA (TELNF) is 8.43%, while TELUS Corporation (TU) has a volatility of 14.53%. This indicates that TELNF experiences smaller price fluctuations and is considered to be less risky than TU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TELNF | TU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 14.53% | -6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 24.78% | 19.73% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.31% | 22.27% | +24.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.23% | 19.71% | +13.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.29% | 19.75% | +12.54% |
Dividends
TELNF vs. TU - Dividend Comparison
TELNF's dividend yield for the trailing twelve months is around 3.89%, less than TU's 12.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TELNF Telenor ASA | 3.89% | 6.70% | 8.07% | 15.08% | 19.99% | 20.90% | 25.98% | 24.15% | 8.98% | 36.11% | 26.86% | 0.00% |
TU TELUS Corporation | 12.73% | 9.01% | 8.35% | 6.02% | 5.39% | 4.31% | 4.51% | 4.37% | 5.19% | 5.20% | 5.78% | 6.08% |
Financials
TELNF vs. TU - Financials Comparison
This section allows you to compare key financial metrics between Telenor ASA and TELUS Corporation. 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
TELNF vs. TU - Profitability Comparison
TELNF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Telenor ASA reported a gross profit of 14.12B and revenue of 18.14B. Therefore, the gross margin over that period was 77.8%.
TU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, TELUS Corporation reported a gross profit of 826.13M and revenue of 5.00B. Therefore, the gross margin over that period was 16.5%.
TELNF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Telenor ASA reported an operating income of 4.13B and revenue of 18.14B, resulting in an operating margin of 22.8%.
TU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, TELUS Corporation reported an operating income of 826.13M and revenue of 5.00B, resulting in an operating margin of 16.5%.
TELNF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Telenor ASA reported a net income of 2.52B and revenue of 18.14B, resulting in a net margin of 13.9%.
TU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, TELUS Corporation reported a net income of 136.35M and revenue of 5.00B, resulting in a net margin of 2.7%.
Frequently Asked Questions
TELNF and TU have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TU has higher volatility (14.53%) compared to TELNF (8.43%). In terms of maximum drawdown, TELNF dropped -81.39% vs TU's -88.28%.
TELNF currently has the higher Sharpe Ratio (-0.19 vs -1.58), 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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