TEO vs. PAAS
TEO (Telecom Argentina S.A.) and PAAS (Pan American Silver Corp.) are both stocks. TEO operates in Telecom Services (Communication Services), while PAAS operates in Silver (Basic Materials). Over the past 10 years, TEO returned 1.45%/yr vs 13.92%/yr for PAAS. At a 0.11 correlation, their price movements are largely independent.
Performance
TEO vs. PAAS - Performance Comparison
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Returns By Period
In the year-to-date period, TEO achieves a 13.61% return, which is significantly higher than PAAS's -5.04% return. Over the past 10 years, TEO has underperformed PAAS with an annualized return of 1.45%, while PAAS has yielded a comparatively higher 13.92% annualized 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%
PAAS
- 1D
- -0.18%
- 1M
- -9.33%
- YTD
- -5.04%
- 6M
- -8.45%
- 1Y
- 72.91%
- 3Y*
- 53.10%
- 5Y*
- 13.56%
- 10Y*
- 13.92%
TEO vs. PAAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEO Telecom Argentina S.A. | 13.61% | -7.40% | 79.33% | 37.87% | 6.86% | -15.34% | -39.38% | -17.25% | -54.46% | 108.17% |
PAAS Pan American Silver Corp. | -5.04% | 160.40% | 26.61% | 2.50% | -33.00% | -26.78% | 46.88% | 63.86% | -5.30% | 3.86% |
Correlation
The correlation between TEO and PAAS is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 1995 | 0.11 |
Fundamentals
TEO:
$5.68B
PAAS:
$20.64B
TEO:
ARS 875.85
PAAS:
$3.21
TEO:
22.03
PAAS:
15.22
TEO:
0.01
PAAS:
0.08
TEO:
0.92
PAAS:
4.82
TEO:
1.03
PAAS:
2.81
TEO:
ARS 9.04T
PAAS:
$4.02B
TEO:
ARS 6.85T
PAAS:
$1.76B
TEO:
ARS 3.30T
PAAS:
$2.14B
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Return for Risk
TEO vs. PAAS — Risk / Return Rank
TEO
PAAS
TEO vs. PAAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telecom Argentina S.A. (TEO) and Pan American Silver Corp. (PAAS). 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 | PAAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.07 | -0.81 |
| Martin ratioReturn relative to average drawdown | 3.11 | 5.56 | -2.45 |
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Drawdowns
TEO vs. PAAS - Drawdown Comparison
The maximum TEO drawdown since its inception was -98.60%, which is greater than PAAS's maximum drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for TEO and PAAS.
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Drawdown Indicators
| TEO | PAAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.60% | -85.10% | -13.50% |
Max Drawdown (1Y)Largest decline over 1 year | -38.26% | -35.33% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -54.02% | -35.33% | -18.69% |
Max Drawdown (5Y)Largest decline over 5 years | -54.02% | -57.39% | +3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -86.58% | -66.74% | -19.84% |
Current DrawdownCurrent decline from peak | -50.22% | -28.39% | -21.83% |
Average DrawdownAverage peak-to-trough decline | -53.79% | -41.63% | -12.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.49% | 13.16% | +2.33% |
Volatility
TEO vs. PAAS - Volatility Comparison
Telecom Argentina S.A. (TEO) has a higher volatility of 21.92% compared to Pan American Silver Corp. (PAAS) at 17.92%. This indicates that TEO's price experiences larger fluctuations and is considered to be riskier than PAAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEO | PAAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.92% | 17.92% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 38.29% | 45.04% | -6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.57% | 55.77% | +10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.44% | 48.03% | +6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.09% | 49.65% | +0.44% |
Dividends
TEO vs. PAAS - Dividend Comparison
TEO's dividend yield for the trailing twelve months is around 0.37%, less than PAAS's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAS Pan American Silver Corp. | 1.27% | 0.89% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% |
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. PAAS - Financials Comparison
This section allows you to compare key financial metrics between Telecom Argentina S.A. and Pan American Silver Corp.. 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. PAAS - 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%.
PAAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a gross profit of 608.00M and revenue of 1.15B. Therefore, the gross margin over that period was 52.7%.
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%.
PAAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported an operating income of 560.00M and revenue of 1.15B, resulting in an operating margin of 48.5%.
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%.
PAAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a net income of 457.00M and revenue of 1.15B, resulting in a net margin of 39.6%.
Frequently Asked Questions
TEO and PAAS have a correlation of 0.14, 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 PAAS (17.92%). In terms of maximum drawdown, TEO dropped -98.60% vs PAAS's -85.10%.
PAAS currently has the higher Sharpe Ratio (1.32 vs 0.73), 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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