TEZNY vs. KRMN
TEZNY (Terna Rete Elettrica Nazionale) and KRMN (Karman Holdings Inc.) are both stocks. TEZNY operates in Utilities - Regulated Electric (Utilities), while KRMN operates in Aerospace & Defense (Industrials). Over the past year, TEZNY returned 20.62% vs -7.13% for KRMN. At a 0.04 correlation, their price movements are largely independent.
Performance
TEZNY vs. KRMN - Performance Comparison
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Returns By Period
In the year-to-date period, TEZNY achieves a 12.16% return, which is significantly higher than KRMN's -38.72% return.
TEZNY
- 1D
- 0.61%
- 1M
- 2.99%
- YTD
- 12.16%
- 6M
- 13.01%
- 1Y
- 20.62%
- 3Y*
- 17.08%
- 5Y*
- 13.76%
- 10Y*
- 12.67%
KRMN
- 1D
- -3.32%
- 1M
- -30.05%
- YTD
- -38.72%
- 6M
- -44.51%
- 1Y
- -7.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEZNY vs. KRMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEZNY Terna Rete Elettrica Nazionale | 12.16% | 38.21% |
KRMN Karman Holdings Inc. | -38.72% | 143.90% |
Correlation
The correlation between TEZNY and KRMN is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | 0.04 |
Fundamentals
TEZNY:
€2.83
KRMN:
$0.23
TEZNY:
10.84
KRMN:
198.13
TEZNY:
1.42
KRMN:
1.75
TEZNY:
3.49
KRMN:
11.36
TEZNY:
€5.88B
KRMN:
$522.59M
TEZNY:
€4.06B
KRMN:
$183.01M
TEZNY:
€4.73B
KRMN:
$108.54M
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Return for Risk
TEZNY vs. KRMN — Risk / Return Rank
TEZNY
KRMN
TEZNY vs. KRMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Terna Rete Elettrica Nazionale (TEZNY) and Karman Holdings Inc. (KRMN). 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.
| TEZNY | KRMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.04 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | -0.12 | +2.33 |
| Martin ratioReturn relative to average drawdown | 6.13 | -0.29 | +6.41 |
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Drawdowns
TEZNY vs. KRMN - Drawdown Comparison
The maximum TEZNY drawdown since its inception was -33.48%, smaller than the maximum KRMN drawdown of -61.11%. Use the drawdown chart below to compare losses from any high point for TEZNY and KRMN.
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Drawdown Indicators
| TEZNY | KRMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.48% | -61.11% | +27.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -61.11% | +51.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.48% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -61.11% | +59.54% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -14.90% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 25.04% | -21.67% |
Volatility
TEZNY vs. KRMN - Volatility Comparison
The current volatility for Terna Rete Elettrica Nazionale (TEZNY) is 4.16%, while Karman Holdings Inc. (KRMN) has a volatility of 25.06%. This indicates that TEZNY experiences smaller price fluctuations and is considered to be less risky than KRMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEZNY | KRMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 25.06% | -20.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.53% | 58.25% | -44.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 70.53% | -53.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.72% | 68.76% | -47.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.96% | 68.76% | -44.80% |
Dividends
TEZNY vs. KRMN - Dividend Comparison
TEZNY's dividend yield for the trailing twelve months is around 3.95%, while KRMN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRMN Karman Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TEZNY Terna Rete Elettrica Nazionale | 3.95% | 4.27% | 4.68% | 4.21% | 4.22% | 3.18% | 2.97% | 3.08% | 3.08% | 2.69% | 6.50% | 2.76% |
Financials
TEZNY vs. KRMN - Financials Comparison
This section allows you to compare key financial metrics between Terna Rete Elettrica Nazionale and Karman Holdings Inc.. 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
TEZNY vs. KRMN - Profitability Comparison
TEZNY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Terna Rete Elettrica Nazionale reported a gross profit of 908.62M and revenue of 2.16B. Therefore, the gross margin over that period was 42.0%.
KRMN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported a gross profit of 63.87M and revenue of 151.21M. Therefore, the gross margin over that period was 42.2%.
TEZNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Terna Rete Elettrica Nazionale reported an operating income of 897.21M and revenue of 2.16B, resulting in an operating margin of 41.5%.
KRMN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported an operating income of 21.45M and revenue of 151.21M, resulting in an operating margin of 14.2%.
TEZNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Terna Rete Elettrica Nazionale reported a net income of 519.92M and revenue of 2.16B, resulting in a net margin of 24.0%.
KRMN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported a net income of 7.79M and revenue of 151.21M, resulting in a net margin of 5.2%.
Frequently Asked Questions
TEZNY and KRMN have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRMN has higher volatility (25.06%) compared to TEZNY (4.16%). In terms of maximum drawdown, TEZNY dropped -33.48% vs KRMN's -61.11%.
TEZNY currently has the higher Sharpe Ratio (1.23 vs -0.10), 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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