TELNY vs. ^STOXX
TELNY (Telenor ASA ADR) is a stock, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, TELNY returned 4.76%/yr vs 7.08%/yr for ^STOXX. At a 0.47 correlation, their price movements are largely independent.
Performance
TELNY vs. ^STOXX - Performance Comparison
Loading charts...
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 -2.79% return, which is significantly lower than ^STOXX's 5.78% return. Over the past 10 years, TELNY has underperformed ^STOXX with an annualized return of 4.76%, while ^STOXX has yielded a comparatively higher 7.08% annualized return.
TELNY
- 1D
- 3.61%
- 1M
- -8.26%
- 6M
- -0.12%
- YTD
- -2.79%
- 1Y
- -7.16%
- 3Y*
- 17.81%
- 5Y*
- 2.94%
- 10Y*
- 4.76%
^STOXX
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 3.37%
- YTD
- 5.78%
- 1Y
- 16.11%
- 3Y*
- 12.50%
- 5Y*
- 6.54%
- 10Y*
- 7.08%
TELNY vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TELNY Telenor ASA ADR | -2.79% | 38.41% | 4.53% | 33.74% | -35.05% | -1.85% | 0.85% | -2.97% | -2.17% | 56.53% |
^STOXX STOXX Europe 600 Index | 5.78% | 32.56% | -0.63% | 16.30% | -17.85% | 12.47% | 5.57% | 21.16% | -17.67% | 22.91% |
Correlation
The correlation between TELNY and ^STOXX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.47 |
Over the past year, the correlation between TELNY and ^STOXX has dropped to 0.21 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TELNY vs. ^STOXX — Risk / Return Rank
TELNY
^STOXX
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.
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.
| TELNY | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.21 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.41 | -1.67 |
| Martin ratioReturn relative to average drawdown | -0.68 | 4.67 | -5.36 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| TELNY | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.49% | -64.60% | -16.89% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -11.59% | -15.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -15.22% | -11.75% |
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 DrawdownCurrent decline from peak | -24.33% | -1.66% | -22.67% |
Average DrawdownAverage peak-to-trough decline | -23.10% | -22.93% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.47% | 3.47% | +7.00% |
Volatility
TELNY vs. ^STOXX - Volatility Comparison
Telenor ASA ADR (TELNY) has a higher volatility of 13.89% compared to STOXX Europe 600 Index (^STOXX) at 3.67%. 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.
Loading charts...
Volatility by Period
| TELNY | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.89% | 3.67% | +10.22% |
Volatility (6M)Calculated over the trailing 6-month period | 23.28% | 12.31% | +10.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.78% | 14.57% | +12.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.47% | 17.49% | +5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.90% | 17.26% | +7.64% |
Frequently Asked Questions
TELNY and ^STOXX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TELNY has higher volatility (13.89%) compared to ^STOXX (3.67%). In terms of maximum drawdown, TELNY dropped -81.49% vs ^STOXX's -64.60%.
^STOXX currently has the higher Sharpe Ratio (1.12 vs -0.27), 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.
Find the right allocation for TELNY and ^STOXX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer