TLX.AX vs. JBH.AX

Last updated Jun 4, 2026

TLX.AX (Telix Pharmaceuticals Limited) and JBH.AX (JB Hi-Fi Limited) are both stocks. TLX.AX operates in Biotechnology (Healthcare), while JBH.AX operates in Specialty Retail (Consumer Cyclical). Over the past 5 years, TLX.AX returned 21.17%/yr vs 13.21%/yr for JBH.AX. At a 0.17 correlation, their price movements are largely independent.

Performance

TLX.AX vs. JBH.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Telix Pharmaceuticals Limited (TLX.AX) and JB Hi-Fi Limited (JBH.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLX.AX achieves a 8.93% return, which is significantly higher than JBH.AX's -26.57% return.

TLX.AX

• 1D: -3.40%
• 1M: -21.79%
• YTD: 8.93%
• 6M: -14.57%
• 1Y: -53.18%
• 3Y*: 4.08%
• 5Y*: 21.17%
• 10Y*: —

JBH.AX

• 1D: -3.04%
• 1M: -12.35%
• YTD: -26.57%
• 6M: -27.98%
• 1Y: -34.65%
• 3Y*: 22.94%
• 5Y*: 13.21%
• 10Y*: 17.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TLX.AX vs. JBH.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TLX.AX Telix Pharmaceuticals Limited	8.93%	-54.49%	144.15%	38.65%	-6.19%	105.03%	143.87%	138.46%	4.84%	-19.48%
JBH.AX JB Hi-Fi Limited	-26.57%	7.51%	83.49%	35.49%	-7.18%	5.66%	34.53%	79.82%	-6.73%	10.89%

Correlation

The correlation between TLX.AX and JBH.AX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017	0.17

Return for Risk

TLX.AX vs. JBH.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLX.AX

TLX.AX Risk / Return Rank: 10
TLX.AX Sharpe Ratio Rank: 6
TLX.AX Sortino Ratio Rank: 6
TLX.AX Omega Ratio Rank: 8
TLX.AX Calmar Ratio Rank: 12
TLX.AX Martin Ratio Rank: 16

JBH.AX

JBH.AX Risk / Return Rank: 5
JBH.AX Sharpe Ratio Rank: 2
JBH.AX Sortino Ratio Rank: 4
JBH.AX Omega Ratio Rank: 5
JBH.AX Calmar Ratio Rank: 9
JBH.AX Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLX.AX vs. JBH.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Telix Pharmaceuticals Limited (TLX.AX) and JB Hi-Fi Limited (JBH.AX). 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.

	TLX.AX	JBH.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	-1.19	+0.28
Sortino ratio: Return per unit of downside risk	-1.41	-1.78	+0.36
Omega ratio: Gain probability vs. loss probability	0.83	0.79	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.77	-0.84	+0.06
Martin ratio: Return relative to average drawdown	-1.14	-1.48	+0.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLX.AX vs. JBH.AX - Sharpe Ratio Comparison

The current TLX.AX Sharpe Ratio is -0.92, which is comparable to the JBH.AX Sharpe Ratio of -1.19. The chart below compares the historical Sharpe Ratios of TLX.AX and JBH.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TLX.AX	JBH.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.92	-1.19	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.50	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.66	+0.01

Drawdowns

TLX.AX vs. JBH.AX - Drawdown Comparison

The maximum TLX.AX drawdown since its inception was -72.29%, which is greater than JBH.AX's maximum drawdown of -62.19%. Use the drawdown chart below to compare losses from any high point for TLX.AX and JBH.AX.

Drawdown Indicators

	TLX.AX	JBH.AX	Difference
Max Drawdown Largest peak-to-trough decline	-72.29%	-62.19%	-10.10%
Max Drawdown (1Y) Largest decline over 1 year	-68.27%	-41.12%	-27.15%
Max Drawdown (3Y) Largest decline over 3 years	-72.29%	-41.12%	-31.17%
Max Drawdown (5Y) Largest decline over 5 years	-72.29%	-41.12%	-31.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.16%	—
Current Drawdown Current decline from peak	-60.82%	-41.12%	-19.70%
Average Drawdown Average peak-to-trough decline	-20.47%	-14.79%	-5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.28%	23.29%	+20.99%

Volatility

TLX.AX vs. JBH.AX - Volatility Comparison

The current volatility for Telix Pharmaceuticals Limited (TLX.AX) is 10.21%, while JB Hi-Fi Limited (JBH.AX) has a volatility of 11.09%. This indicates that TLX.AX experiences smaller price fluctuations and is considered to be less risky than JBH.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLX.AX	JBH.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.21%	11.09%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	40.24%	22.88%	+17.36%
Volatility (1Y) Calculated over the trailing 1-year period	57.76%	28.98%	+28.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.13%	26.48%	+29.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.28%	29.07%	+28.21%

Dividends

TLX.AX vs. JBH.AX - Dividend Comparison

TLX.AX has not paid dividends to shareholders, while JBH.AX's dividend yield for the trailing twelve months is around 6.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JBH.AX JB Hi-Fi Limited	6.02%	3.90%	3.68%	5.88%	7.53%	5.94%	3.89%	3.77%	5.96%	4.73%	3.52%	4.61%
TLX.AX Telix Pharmaceuticals Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both TLX.AX and JBH.AX in my portfolio?

TLX.AX and JBH.AX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.