TELNY vs. ^STOXX

Last updated Jun 5, 2026

TELNY (Telenor ASA ADR) is a stock, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, TELNY returned 6.69%/yr vs 6.43%/yr for ^STOXX. At a 0.48 correlation, their price movements are largely independent.

Performance

TELNY vs. ^STOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Telenor ASA ADR (TELNY) and STOXX Europe 600 Index (^STOXX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TELNY is traded in USD, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TELNY achieves a 13.58% return, which is significantly higher than ^STOXX's 4.25% return. Both investments have delivered pretty close results over the past 10 years, with TELNY having a 6.69% annualized return and ^STOXX not far behind at 6.43%.

TELNY

• 1D: -0.74%
• 1M: 0.93%
• YTD: 13.58%
• 6M: 16.28%
• 1Y: 10.92%
• 3Y*: 24.12%
• 5Y*: 5.63%
• 10Y*: 6.69%

^STOXX

• 1D: 0.65%
• 1M: 1.71%
• YTD: 4.25%
• 6M: 7.58%
• 1Y: 15.27%
• 3Y*: 13.75%
• 5Y*: 5.66%
• 10Y*: 6.43%

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

TELNY vs. ^STOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TELNY Telenor ASA ADR	13.58%	38.41%	4.53%	33.74%	-35.05%	-1.85%	0.85%	-2.97%	-2.17%	56.53%
^STOXX STOXX Europe 600 Index	4.24%	32.33%	-0.58%	16.30%	-18.13%	13.92%	4.45%	20.76%	-17.29%	22.91%

Correlation

The correlation between TELNY and ^STOXX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.48

Over the past year, the correlation between TELNY and ^STOXX has dropped to 0.20 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Return for Risk

TELNY vs. ^STOXX — Risk / Return Rank

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

TELNY

TELNY Risk / Return Rank: 54
TELNY Sharpe Ratio Rank: 58
TELNY Sortino Ratio Rank: 51
TELNY Omega Ratio Rank: 50
TELNY Calmar Ratio Rank: 55
TELNY Martin Ratio Rank: 55

^STOXX

^STOXX Risk / Return Rank: 45
^STOXX Sharpe Ratio Rank: 45
^STOXX Sortino Ratio Rank: 45
^STOXX Omega Ratio Rank: 46
^STOXX Calmar Ratio Rank: 42
^STOXX Martin Ratio Rank: 47

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.

TELNY vs. ^STOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Telenor ASA ADR (TELNY) and STOXX Europe 600 Index (^STOXX). 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.

	TELNY	^STOXX	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.05	-0.58
Sortino ratio: Return per unit of downside risk	0.84	1.57	-0.73
Omega ratio: Gain probability vs. loss probability	1.11	1.20	-0.09
Calmar ratio: Return relative to maximum drawdown	0.61	1.30	-0.69
Martin ratio: Return relative to average drawdown	1.30	4.45	-3.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TELNY vs. ^STOXX - Sharpe Ratio Comparison

The current TELNY Sharpe Ratio is 0.47, which is lower than the ^STOXX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of TELNY and ^STOXX, 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

	TELNY	^STOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	1.05	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.32	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.36	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.07	+0.04

Drawdowns

TELNY vs. ^STOXX - Drawdown Comparison

The maximum TELNY drawdown since its inception was -81.49%, which is greater than ^STOXX's maximum drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for TELNY and ^STOXX.

Drawdown Indicators

	TELNY	^STOXX	Difference
Max Drawdown Largest peak-to-trough decline	-81.49%	-64.60%	-16.89%
Max Drawdown (1Y) Largest decline over 1 year	-17.96%	-11.59%	-6.37%
Max Drawdown (3Y) Largest decline over 3 years	-17.96%	-15.22%	-2.74%
Max Drawdown (5Y) Largest decline over 5 years	-46.37%	-33.96%	-12.41%
Max Drawdown (10Y) Largest decline over 10 years	-50.97%	-39.58%	-11.39%
Current Drawdown Current decline from peak	-11.60%	-3.19%	-8.41%
Average Drawdown Average peak-to-trough decline	-23.14%	-22.88%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.42%	3.40%	+5.02%

Volatility

TELNY vs. ^STOXX - Volatility Comparison

Telenor ASA ADR (TELNY) has a higher volatility of 5.45% compared to STOXX Europe 600 Index (^STOXX) at 4.17%. This indicates that TELNY's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TELNY	^STOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	4.17%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	18.73%	11.90%	+6.83%
Volatility (1Y) Calculated over the trailing 1-year period	23.39%	14.28%	+9.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.78%	17.24%	+5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.01%	17.55%	+7.46%

Frequently Asked Questions

Can I hold both TELNY and ^STOXX in my portfolio?

TELNY and ^STOXX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TELNY or ^STOXX?

TELNY has higher volatility (5.45%) compared to ^STOXX (4.17%). In terms of maximum drawdown, TELNY dropped -81.49% vs ^STOXX's -64.60%.

Which has better risk-adjusted returns?

^STOXX currently has the higher Sharpe Ratio (1.05 vs 0.47), 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.