TEZNY vs. SDZNY
TEZNY (Terna Rete Elettrica Nazionale) and SDZNY (Sandoz Group AG) are both stocks. TEZNY operates in Utilities - Regulated Electric (Utilities), while SDZNY operates in Drug Manufacturers - Specialty & Generic (Healthcare). Over the past year, TEZNY returned 20.62% vs 70.76% for SDZNY. At a 0.25 correlation, their price movements are largely independent.
Performance
TEZNY vs. SDZNY - Performance Comparison
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Returns By Period
In the year-to-date period, TEZNY achieves a 12.16% return, which is significantly lower than SDZNY's 23.56% 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%
SDZNY
- 1D
- 1.96%
- 1M
- 8.29%
- YTD
- 23.56%
- 6M
- 20.86%
- 1Y
- 70.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEZNY vs. SDZNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TEZNY Terna Rete Elettrica Nazionale | 12.16% | 41.68% | -1.56% | 15.00% |
SDZNY Sandoz Group AG | 23.56% | 83.00% | 28.40% | 19.80% |
Correlation
The correlation between TEZNY and SDZNY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023 | 0.25 |
Fundamentals
TEZNY:
€2.83
SDZNY:
$1.66
TEZNY:
10.84
SDZNY:
53.64
TEZNY:
1.42
SDZNY:
0.26
TEZNY:
3.49
SDZNY:
2.13
TEZNY:
€5.88B
SDZNY:
$18.19B
TEZNY:
€4.06B
SDZNY:
$8.61B
TEZNY:
€4.73B
SDZNY:
$2.13B
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Return for Risk
TEZNY vs. SDZNY — Risk / Return Rank
TEZNY
SDZNY
TEZNY vs. SDZNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Terna Rete Elettrica Nazionale (TEZNY) and Sandoz Group AG (SDZNY). 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 | SDZNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.73 | -1.51 |
| Martin ratioReturn relative to average drawdown | 6.13 | 9.78 | -3.66 |
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Drawdowns
TEZNY vs. SDZNY - Drawdown Comparison
The maximum TEZNY drawdown since its inception was -33.48%, which is greater than SDZNY's maximum drawdown of -25.34%. Use the drawdown chart below to compare losses from any high point for TEZNY and SDZNY.
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Drawdown Indicators
| TEZNY | SDZNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.48% | -25.34% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -19.09% | +9.74% |
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% | -3.67% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -5.81% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 7.26% | -3.89% |
Volatility
TEZNY vs. SDZNY - Volatility Comparison
The current volatility for Terna Rete Elettrica Nazionale (TEZNY) is 4.16%, while Sandoz Group AG (SDZNY) has a volatility of 6.58%. This indicates that TEZNY experiences smaller price fluctuations and is considered to be less risky than SDZNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEZNY | SDZNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 6.58% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.53% | 23.34% | -9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 31.53% | -14.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.72% | 30.58% | -8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.96% | 30.58% | -6.62% |
Dividends
TEZNY vs. SDZNY - Dividend Comparison
TEZNY's dividend yield for the trailing twelve months is around 3.95%, more than SDZNY's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDZNY Sandoz Group AG | 1.15% | 1.00% | 1.22% | 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. SDZNY - Financials Comparison
This section allows you to compare key financial metrics between Terna Rete Elettrica Nazionale and Sandoz Group AG. 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. SDZNY - 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%.
SDZNY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandoz Group AG reported a gross profit of 2.25B and revenue of 4.64B. Therefore, the gross margin over that period was 48.4%.
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%.
SDZNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandoz Group AG reported an operating income of 808.02M and revenue of 4.64B, resulting in an operating margin of 17.4%.
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%.
SDZNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandoz Group AG reported a net income of 425.40M and revenue of 4.64B, resulting in a net margin of 9.2%.
Frequently Asked Questions
TEZNY and SDZNY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDZNY has higher volatility (6.58%) compared to TEZNY (4.16%). In terms of maximum drawdown, TEZNY dropped -33.48% vs SDZNY's -25.34%.
SDZNY currently has the higher Sharpe Ratio (2.26 vs 1.23), 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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