TIMB vs. EZU
TIMB (TIM S.A.) is a stock, while EZU (iShares MSCI Eurozone ETF) is Europe Equities fund tracking the MSCI EMU. Over the past 5 years, TIMB returned 19.21%/yr vs 9.24%/yr for EZU. At a 0.34 correlation, their price movements are largely independent.
Performance
TIMB vs. EZU - Performance Comparison
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Returns By Period
In the year-to-date period, TIMB achieves a 15.30% return, which is significantly higher than EZU's 9.10% return.
TIMB
- 1D
- 0.54%
- 1M
- 1.69%
- YTD
- 15.30%
- 6M
- 11.44%
- 1Y
- 31.26%
- 3Y*
- 22.01%
- 5Y*
- 19.21%
- 10Y*
- —
EZU
- 1D
- 0.00%
- 1M
- 6.05%
- YTD
- 9.10%
- 6M
- 10.35%
- 1Y
- 22.18%
- 3Y*
- 18.40%
- 5Y*
- 9.24%
- 10Y*
- 10.85%
TIMB vs. EZU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TIMB TIM S.A. | 15.30% | 86.96% | -33.24% | 68.57% | 4.05% | -13.46% | 23.03% |
EZU iShares MSCI Eurozone ETF | 9.10% | 40.00% | 2.23% | 23.44% | -17.25% | 13.92% | 15.31% |
Correlation
The correlation between TIMB and EZU is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.34 |
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Return for Risk
TIMB vs. EZU — Risk / Return Rank
TIMB
EZU
TIMB vs. EZU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIM S.A. (TIMB) and iShares MSCI Eurozone ETF (EZU). 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.
| TIMB | EZU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.55 | -0.32 |
| Martin ratioReturn relative to average drawdown | 3.35 | 5.60 | -2.25 |
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Drawdowns
TIMB vs. EZU - Drawdown Comparison
The maximum TIMB drawdown since its inception was -37.08%, smaller than the maximum EZU drawdown of -65.32%. Use the drawdown chart below to compare losses from any high point for TIMB and EZU.
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Drawdown Indicators
| TIMB | EZU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.08% | -65.32% | +28.24% |
Max Drawdown (1Y)Largest decline over 1 year | -23.82% | -13.06% | -10.76% |
Max Drawdown (3Y)Largest decline over 3 years | -37.08% | -15.02% | -22.06% |
Max Drawdown (5Y)Largest decline over 5 years | -37.08% | -36.11% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.37% | — |
Current DrawdownCurrent decline from peak | -20.28% | 0.00% | -20.28% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -19.21% | +7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.68% | 3.61% | +5.07% |
Volatility
TIMB vs. EZU - Volatility Comparison
TIM S.A. (TIMB) and iShares MSCI Eurozone ETF (EZU) have volatilities of 6.33% and 6.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIMB | EZU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 6.52% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 25.37% | 14.88% | +10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.42% | 17.57% | +13.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.55% | 19.96% | +11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.10% | 20.50% | +11.60% |
Dividends
TIMB vs. EZU - Dividend Comparison
TIMB's dividend yield for the trailing twelve months is around 8.17%, more than EZU's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZU iShares MSCI Eurozone ETF | 2.61% | 2.85% | 2.90% | 2.56% | 2.79% | 2.46% | 2.13% | 2.84% | 3.47% | 1.91% | 3.07% | 2.18% |
TIMB TIM S.A. | 8.17% | 11.67% | 6.03% | 4.98% | 4.05% | 3.43% | 3.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIMB and EZU have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZU has higher volatility (6.52%) compared to TIMB (6.33%). In terms of maximum drawdown, TIMB dropped -37.08% vs EZU's -65.32%.
EZU currently has the higher Sharpe Ratio (1.15 vs 0.93), 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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