TELNF vs. VIV
TELNF (Telenor ASA) and VIV (Telefônica Brasil S.A.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, TELNF returned 19.13%/yr vs 8.58%/yr for VIV. At a 0.11 correlation, their price movements are largely independent.
Performance
TELNF vs. VIV - Performance Comparison
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Returns By Period
In the year-to-date period, TELNF achieves a 12.91% return, which is significantly lower than VIV's 16.55% return. Over the past 10 years, TELNF has outperformed VIV with an annualized return of 19.13%, while VIV has yielded a comparatively lower 8.58% annualized 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%
VIV
- 1D
- -2.08%
- 1M
- -12.89%
- YTD
- 16.55%
- 6M
- 7.88%
- 1Y
- 37.38%
- 3Y*
- 24.02%
- 5Y*
- 14.77%
- 10Y*
- 8.58%
TELNF vs. VIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TELNF Telenor ASA | 12.91% | 44.54% | 0.24% | 46.35% | -30.70% | 12.80% | 26.45% | 16.56% | -1.84% | 135.89% |
VIV Telefônica Brasil S.A. | 16.55% | 67.26% | -27.07% | 64.86% | -13.84% | 4.65% | -32.07% | 27.54% | -11.53% | 23.72% |
Correlation
The correlation between TELNF and VIV is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2007 | 0.11 |
Fundamentals
TELNF:
$21.92B
VIV:
$21.11B
TELNF:
$10.38
VIV:
$3.99
TELNF:
1.54
VIV:
3.31
TELNF:
0.01
VIV:
0.99
TELNF:
0.28
VIV:
0.35
TELNF:
0.29
VIV:
0.31
TELNF:
$78.57B
VIV:
$60.61B
TELNF:
$54.68B
VIV:
$25.92B
TELNF:
$43.29B
VIV:
$24.27B
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Return for Risk
TELNF vs. VIV — Risk / Return Rank
TELNF
VIV
TELNF vs. VIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telenor ASA (TELNF) and Telefônica Brasil S.A. (VIV). 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 | VIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.87 | -1.52 |
| Martin ratioReturn relative to average drawdown | 1.10 | 5.63 | -4.54 |
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
| TELNF | VIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.31 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.52 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.28 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.14 | +0.15 |
Drawdowns
TELNF vs. VIV - Drawdown Comparison
The maximum TELNF drawdown since its inception was -81.39%, roughly equal to the maximum VIV drawdown of -77.73%. Use the drawdown chart below to compare losses from any high point for TELNF and VIV.
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Drawdown Indicators
| TELNF | VIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.39% | -77.73% | -3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -30.81% | -20.10% | -10.71% |
Max Drawdown (3Y)Largest decline over 3 years | -30.81% | -30.17% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -43.37% | -40.76% | -2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -43.37% | -47.57% | +4.20% |
Current DrawdownCurrent decline from peak | -12.53% | -19.67% | +7.14% |
Average DrawdownAverage peak-to-trough decline | -19.60% | -32.03% | +12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.80% | 6.65% | +3.15% |
Volatility
TELNF vs. VIV - Volatility Comparison
The current volatility for Telenor ASA (TELNF) is 7.53%, while Telefônica Brasil S.A. (VIV) has a volatility of 10.10%. This indicates that TELNF experiences smaller price fluctuations and is considered to be less risky than VIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TELNF | VIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 10.10% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 26.84% | 23.74% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.28% | 28.78% | +16.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.85% | 28.55% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 31.22% | +1.31% |
Dividends
TELNF vs. VIV - Dividend Comparison
TELNF's dividend yield for the trailing twelve months is around 3.36%, less than VIV's 6.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VIV Telefônica Brasil S.A. | 6.90% | 5.25% | 6.60% | 5.55% | 5.86% | 6.44% | 10.22% | 5.25% | 9.20% | 10.87% | 4.09% | 10.07% |
Financials
TELNF vs. VIV - Financials Comparison
This section allows you to compare key financial metrics between Telenor ASA and Telefônica Brasil S.A.. 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. VIV - Profitability Comparison
TELNF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telenor ASA reported a gross profit of 14.20B and revenue of 18.20B. Therefore, the gross margin over that period was 78.0%.
VIV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telefônica Brasil S.A. reported a gross profit of 6.17B and revenue of 15.17B. Therefore, the gross margin over that period was 40.7%.
TELNF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telenor ASA reported an operating income of 4.12B and revenue of 18.20B, resulting in an operating margin of 22.6%.
VIV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telefônica Brasil S.A. reported an operating income of 2.24B and revenue of 15.17B, resulting in an operating margin of 14.8%.
TELNF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telenor ASA reported a net income of 8.21B and revenue of 18.20B, resulting in a net margin of 45.1%.
VIV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telefônica Brasil S.A. reported a net income of 1.24B and revenue of 15.17B, resulting in a net margin of 8.2%.
Frequently Asked Questions
TELNF and VIV have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIV has higher volatility (10.10%) compared to TELNF (7.53%). In terms of maximum drawdown, TELNF dropped -81.39% vs VIV's -77.73%.
VIV currently has the higher Sharpe Ratio (1.31 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.
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