TIMB vs. TEF
TIMB (TIM S.A.) and TEF (Telefónica, S.A.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 5 years, TIMB returned 20.64%/yr vs 2.99%/yr for TEF. At a 0.26 correlation, their price movements are largely independent.
Performance
TIMB vs. TEF - Performance Comparison
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Returns By Period
In the year-to-date period, TIMB achieves a 14.22% return, which is significantly higher than TEF's -5.93% return.
TIMB
- 1D
- 1.15%
- 1M
- -13.88%
- YTD
- 14.22%
- 6M
- 5.27%
- 1Y
- 40.28%
- 3Y*
- 24.43%
- 5Y*
- 20.64%
- 10Y*
- —
TEF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -5.93%
- 6M
- -4.44%
- 1Y
- -23.10%
- 3Y*
- 4.71%
- 5Y*
- 2.99%
- 10Y*
- -2.29%
TIMB vs. TEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TIMB TIM S.A. | 14.22% | 86.96% | -33.24% | 68.57% | 4.05% | -13.46% | 25.06% |
TEF Telefónica, S.A. | -5.93% | 8.59% | 11.16% | 18.09% | -6.36% | 20.27% | 17.41% |
Correlation
The correlation between TIMB and TEF is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.26 |
The correlation between TIMB and TEF shifts across timeframes, from 0.11 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TIMB:
$10.55B
TEF:
$21.48B
TIMB:
$9.00
TEF:
-$0.38
TIMB:
0.39
TEF:
0.56
TIMB:
0.43
TEF:
1.22
TIMB:
$27.04B
TEF:
$38.27B
TIMB:
$14.61B
TEF:
$32.04B
TIMB:
$13.92B
TEF:
$14.31B
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Return for Risk
TIMB vs. TEF — Risk / Return Rank
TIMB
TEF
TIMB vs. TEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIM S.A. (TIMB) and Telefónica, S.A. (TEF). 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.
| TIMB | TEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | -1.11 | +2.38 |
Sortino ratioReturn per unit of downside risk | 1.81 | -1.34 | +3.15 |
Omega ratioGain probability vs. loss probability | 1.22 | 0.77 | +0.46 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.65 | +2.57 |
Martin ratioReturn relative to average drawdown | 5.44 | -0.94 | +6.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIMB | TEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | -1.11 | +2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.13 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.21 | +0.40 |
Drawdowns
TIMB vs. TEF - Drawdown Comparison
The maximum TIMB drawdown since its inception was -37.08%, smaller than the maximum TEF drawdown of -79.71%. Use the drawdown chart below to compare losses from any high point for TIMB and TEF.
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Drawdown Indicators
| TIMB | TEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.08% | -79.71% | +42.63% |
Max Drawdown (1Y)Largest decline over 1 year | -21.92% | -30.38% | +8.46% |
Max Drawdown (3Y)Largest decline over 3 years | -37.08% | -30.38% | -6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -37.08% | -38.72% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.52% | — |
Current DrawdownCurrent decline from peak | -21.03% | -60.77% | +39.74% |
Average DrawdownAverage peak-to-trough decline | -12.09% | -33.63% | +21.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 21.10% | -13.36% |
Volatility
TIMB vs. TEF - Volatility Comparison
TIM S.A. (TIMB) has a higher volatility of 12.48% compared to Telefónica, S.A. (TEF) at 0.00%. This indicates that TIMB's price experiences larger fluctuations and is considered to be riskier than TEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIMB | TEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.48% | 0.00% | +12.48% |
Volatility (6M)Calculated over the trailing 6-month period | 25.97% | 10.96% | +15.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.75% | 22.25% | +9.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.63% | 23.21% | +8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.15% | 27.26% | +4.89% |
Dividends
TIMB vs. TEF - Dividend Comparison
TIMB's dividend yield for the trailing twelve months is around 8.25%, less than TEF's 9.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEF Telefónica, S.A. | 9.02% | 8.48% | 7.97% | 8.30% | 8.77% | 9.65% | 11.21% | 6.39% | 5.52% | 4.77% | 8.76% | 9.98% |
TIMB TIM S.A. | 8.25% | 11.67% | 6.03% | 4.98% | 4.05% | 3.43% | 3.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TIMB vs. TEF - Financials Comparison
This section allows you to compare key financial metrics between TIM S.A. and Telefónica, 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
TIMB vs. TEF - Profitability Comparison
TIMB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TIM S.A. reported a gross profit of 3.56B and revenue of 6.81B. Therefore, the gross margin over that period was 52.4%.
TEF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telefónica, S.A. reported a gross profit of 3.13B and revenue of 9.36B. Therefore, the gross margin over that period was 33.5%.
TIMB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TIM S.A. reported an operating income of 1.57B and revenue of 6.81B, resulting in an operating margin of 23.1%.
TEF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telefónica, S.A. reported an operating income of 952.00M and revenue of 9.36B, resulting in an operating margin of 10.2%.
TIMB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TIM S.A. reported a net income of 817.09M and revenue of 6.81B, resulting in a net margin of 12.0%.
TEF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telefónica, S.A. reported a net income of 276.00M and revenue of 9.36B, resulting in a net margin of 3.0%.
Frequently Asked Questions
TIMB and TEF have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIMB has higher volatility (12.48%) compared to TEF (0.00%). In terms of maximum drawdown, TIMB dropped -37.08% vs TEF's -79.71%.
TIMB currently has the higher Sharpe Ratio (1.28 vs -1.11), 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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