TEO vs. CEPU
TEO (Telecom Argentina S.A.) and CEPU (Central Puerto S.A.) are both stocks. TEO operates in Telecom Services (Communication Services), while CEPU operates in Utilities - Regulated Electric (Utilities). Over the past 5 years, TEO returned 22.44%/yr vs 48.25%/yr for CEPU. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
TEO vs. CEPU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TEO achieves a 13.61% return, which is significantly higher than CEPU's -11.14% return.
TEO
- 1D
- -4.07%
- 1M
- 11.21%
- YTD
- 13.61%
- 6M
- 17.35%
- 1Y
- 47.98%
- 3Y*
- 28.61%
- 5Y*
- 22.44%
- 10Y*
- 1.45%
CEPU
- 1D
- -0.77%
- 1M
- 11.79%
- YTD
- -11.14%
- 6M
- -11.04%
- 1Y
- 32.91%
- 3Y*
- 36.44%
- 5Y*
- 48.25%
- 10Y*
- —
TEO vs. CEPU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TEO Telecom Argentina S.A. | 13.61% | -7.40% | 79.33% | 37.87% | 6.86% | -15.34% | -39.38% | -17.25% | -56.18% |
CEPU Central Puerto S.A. | -11.14% | 20.77% | 60.75% | 71.30% | 95.14% | 15.93% | -44.44% | -45.56% | -42.82% |
Correlation
The correlation between TEO and CEPU is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018 | 0.54 |
The correlation between TEO and CEPU has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
Fundamentals
TEO:
$5.68B
CEPU:
$2.34B
TEO:
ARS 875.85
CEPU:
ARS 4.58K
TEO:
22.03
CEPU:
4.96
TEO:
0.01
CEPU:
0.01
TEO:
0.92
CEPU:
1.70
TEO:
1.03
CEPU:
1.28
TEO:
ARS 9.04T
CEPU:
ARS 2.01T
TEO:
ARS 6.85T
CEPU:
ARS 701.24B
TEO:
ARS 3.30T
CEPU:
ARS 855.91B
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
TEO vs. CEPU — Risk / Return Rank
TEO
CEPU
TEO vs. CEPU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telecom Argentina S.A. (TEO) and Central Puerto S.A. (CEPU). 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.
| TEO | CEPU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.81 | +0.45 |
| Martin ratioReturn relative to average drawdown | 3.11 | 1.95 | +1.15 |
Loading charts...
Drawdowns
TEO vs. CEPU - Drawdown Comparison
The maximum TEO drawdown since its inception was -98.60%, which is greater than CEPU's maximum drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for TEO and CEPU.
Loading charts...
Drawdown Indicators
| TEO | CEPU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.60% | -88.97% | -9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -38.26% | -40.74% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -54.02% | -51.70% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -54.02% | -51.70% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -86.58% | — | — |
Current DrawdownCurrent decline from peak | -50.22% | -13.37% | -36.85% |
Average DrawdownAverage peak-to-trough decline | -53.79% | -54.88% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.49% | 16.88% | -1.39% |
Volatility
TEO vs. CEPU - Volatility Comparison
Telecom Argentina S.A. (TEO) has a higher volatility of 21.92% compared to Central Puerto S.A. (CEPU) at 13.00%. This indicates that TEO's price experiences larger fluctuations and is considered to be riskier than CEPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TEO | CEPU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.92% | 13.00% | +8.92% |
Volatility (6M)Calculated over the trailing 6-month period | 38.29% | 31.78% | +6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.57% | 67.21% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.44% | 56.98% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.09% | 61.28% | -11.19% |
Dividends
TEO vs. CEPU - Dividend Comparison
TEO's dividend yield for the trailing twelve months is around 0.37%, while CEPU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEPU Central Puerto S.A. | 0.00% | 0.00% | 0.64% | 8.91% | 2.78% | 0.00% | 0.00% | 2.44% | 3.70% | 0.00% | 0.00% | 0.00% |
TEO Telecom Argentina S.A. | 0.37% | 0.42% | 1.91% | 3.43% | 0.00% | 8.90% | 5.27% | 12.36% | 15.08% | 3.33% | 3.57% | 5.28% |
Financials
TEO vs. CEPU - Financials Comparison
This section allows you to compare key financial metrics between Telecom Argentina S.A. and Central Puerto 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
TEO vs. CEPU - Profitability Comparison
TEO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telecom Argentina S.A. reported a gross profit of 1.80T and revenue of 2.36T. Therefore, the gross margin over that period was 76.4%.
CEPU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a gross profit of 415.00B and revenue of 1.16T. Therefore, the gross margin over that period was 35.7%.
TEO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telecom Argentina S.A. reported an operating income of 823.75B and revenue of 2.36T, resulting in an operating margin of 34.9%.
CEPU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported an operating income of 310.62B and revenue of 1.16T, resulting in an operating margin of 26.7%.
TEO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telecom Argentina S.A. reported a net income of 636.68B and revenue of 2.36T, resulting in a net margin of 27.0%.
CEPU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a net income of 440.08B and revenue of 1.16T, resulting in a net margin of 37.8%.
Frequently Asked Questions
TEO and CEPU have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEO has higher volatility (21.92%) compared to CEPU (13.00%). In terms of maximum drawdown, TEO dropped -98.60% vs CEPU's -88.97%.
TEO currently has the higher Sharpe Ratio (0.73 vs 0.49), 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 TEO and CEPU
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