TELNY vs. NASDX
TELNY (Telenor ASA ADR) is a stock, while NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) is Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Over the past 10 years, TELNY returned 5.37%/yr vs 20.92%/yr for NASDX. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
TELNY vs. NASDX - Performance Comparison
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Returns By Period
In the year-to-date period, TELNY achieves a -1.03% return, which is significantly lower than NASDX's 11.51% return. Over the past 10 years, TELNY has underperformed NASDX with an annualized return of 5.37%, while NASDX has yielded a comparatively higher 20.92% annualized return.
TELNY
- 1D
- 0.14%
- 1M
- -2.64%
- 6M
- -14.34%
- YTD
- -1.03%
- 1Y
- -5.68%
- 3Y*
- 17.69%
- 5Y*
- 2.83%
- 10Y*
- 5.37%
- ALL TIME*
- 3.29%
NASDX
- 1D
- 3.35%
- 1M
- -4.19%
- 6M
- 10.25%
- YTD
- 11.51%
- 1Y
- 24.16%
- 3Y*
- 25.50%
- 5Y*
- 16.05%
- 10Y*
- 20.92%
- ALL TIME*
- 8.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
TELNY Telenor ASA ADR | $1.41M | $1.54M | $1.10M |
TELNY vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TELNY Telenor ASA ADR | -1.03% | 38.41% | 4.53% | 33.74% | -35.05% | -1.85% | 0.85% | -2.97% | -2.17% | 56.53% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 11.51% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Correlation
The correlation between TELNY and NASDX is 0.08, 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. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.31 |
Over the past year, the correlation between TELNY and NASDX has dropped to 0.08 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
TELNY vs. NASDX — Risk / Return Rank
TELNY
NASDX
TELNY vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telenor ASA ADR (TELNY) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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 | NASDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.19 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.78 | -1.92 |
| Martin ratioReturn relative to average drawdown | -0.32 | 5.80 | -6.12 |
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Drawdowns
TELNY vs. NASDX - Drawdown Comparison
The maximum TELNY drawdown since its inception was -81.49%, roughly equal to the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for TELNY and NASDX.
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Drawdown Indicators
| TELNY | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.49% | -83.16% | +1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -11.90% | -15.07% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -22.71% | -4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -46.37% | -35.33% | -11.04% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | -35.33% | -15.64% |
Current DrawdownCurrent decline from peak | -22.96% | -8.13% | -14.83% |
Average DrawdownAverage peak-to-trough decline | -23.10% | -34.19% | +11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.51% | 3.64% | +7.87% |
Volatility
TELNY vs. NASDX - Volatility Comparison
Telenor ASA ADR (TELNY) has a higher volatility of 13.30% compared to Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) at 6.86%. This indicates that TELNY's price experiences larger fluctuations and is considered to be riskier than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TELNY | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.30% | 6.86% | +6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 21.53% | 15.95% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 19.34% | +7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 23.54% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.87% | 22.87% | +2.00% |
Dividends
TELNY vs. NASDX - Dividend Comparison
TELNY's dividend yield for the trailing twelve months is around 6.72%, more than NASDX's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.23% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
TELNY Telenor ASA ADR | 6.72% | 5.85% | 8.06% | 7.72% | 10.95% | 6.79% | 5.53% | 5.39% | 7.99% | 7.00% | 9.13% | 5.40% |
Frequently Asked Questions
TELNY and NASDX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TELNY has higher volatility (13.30%) compared to NASDX (6.86%). In terms of maximum drawdown, TELNY dropped -81.49% vs NASDX's -83.16%.
NASDX currently has the higher Sharpe Ratio (1.09 vs -0.14), 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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