TM2.F vs. KEN
TM2.F (Sydbank A/S) and KEN (Kenon Holdings Ltd.) are both stocks. TM2.F operates in Banks - Regional (Financial Services), while KEN operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, TM2.F returned 19.14%/yr vs 37.81%/yr for KEN. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
TM2.F vs. KEN - Performance Comparison
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Different Trading Currencies
TM2.F is traded in EUR, while KEN is traded in USD. To make them comparable, the KEN values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TM2.F achieves a 13.79% return, which is significantly higher than KEN's 8.25% return. Over the past 10 years, TM2.F has underperformed KEN with an annualized return of 19.14%, while KEN has yielded a comparatively higher 37.81% annualized return.
TM2.F
- 1D
- 0.00%
- 1M
- 3.44%
- 6M
- 15.33%
- YTD
- 13.79%
- 1Y
- 32.24%
- 3Y*
- 31.40%
- 5Y*
- 34.21%
- 10Y*
- 19.14%
- ALL TIME*
- 8.49%
KEN
- 1D
- 1.04%
- 1M
- -1.88%
- 6M
- 2.37%
- YTD
- 8.25%
- 1Y
- 51.33%
- 3Y*
- 51.81%
- 5Y*
- 32.00%
- 10Y*
- 37.81%
- ALL TIME*
- 29.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €1.26M | €1.28M | €1.79M | |
TM2.F Sydbank A/S | €816.75 | €371.25 | €221.54 |
TM2.F vs. KEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TM2.F Sydbank A/S | 13.79% | 56.83% | 42.30% | 3.63% | 50.90% | 64.79% | -4.21% | -3.28% | -36.00% | 19.87% |
KEN Kenon Holdings Ltd. | 8.25% | 99.34% | 73.16% | -21.58% | -19.00% | 108.14% | 44.21% | 54.14% | 28.84% | 63.04% |
Correlation
The correlation between TM2.F and KEN is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2015 | 0.04 |
The correlation between TM2.F and KEN shifts across timeframes, from 0.03 (10 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TM2.F vs. KEN — Risk / Return Rank
TM2.F
KEN
TM2.F vs. KEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sydbank A/S (TM2.F) and Kenon Holdings Ltd. (KEN). 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.
| TM2.F | KEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.46 | +0.91 |
| Martin ratioReturn relative to average drawdown | 6.07 | 4.04 | +2.03 |
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Drawdowns
TM2.F vs. KEN - Drawdown Comparison
The maximum TM2.F drawdown since its inception was -76.16%, which is greater than KEN's maximum drawdown of -67.90%. Use the drawdown chart below to compare losses from any high point for TM2.F and KEN.
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Drawdown Indicators
| TM2.F | KEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -67.90% | -8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -31.85% | +18.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.10% | -31.85% | +13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | -67.90% | +43.18% |
Max Drawdown (10Y)Largest decline over 10 years | -63.99% | -67.90% | +3.91% |
Current DrawdownCurrent decline from peak | -1.40% | -28.49% | +27.09% |
Average DrawdownAverage peak-to-trough decline | -28.05% | -22.68% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.28% | 11.84% | -6.56% |
Volatility
TM2.F vs. KEN - Volatility Comparison
The current volatility for Sydbank A/S (TM2.F) is 5.63%, while Kenon Holdings Ltd. (KEN) has a volatility of 12.02%. This indicates that TM2.F experiences smaller price fluctuations and is considered to be less risky than KEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TM2.F | KEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 12.02% | -6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 21.74% | 31.69% | -9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.19% | 40.00% | -10.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.60% | 39.09% | -7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.15% | 41.86% | -9.71% |
Dividends
TM2.F vs. KEN - Dividend Comparison
TM2.F's dividend yield for the trailing twelve months is around 4.12%, less than KEN's 5.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KEN Kenon Holdings Ltd. | 5.71% | 7.24% | 11.18% | 11.46% | 25.00% | 7.35% | 7.41% | 5.75% | 96.34% | 0.00% | 0.00% | 45.52% |
TM2.F Sydbank A/S | 4.12% | 4.80% | 8.04% | 5.79% | 4.07% | 4.71% | 0.00% | 6.83% | 7.49% | 4.22% | 5.16% | 3.20% |
Financials
TM2.F vs. KEN - Financials Comparison
This section allows you to compare key financial metrics between Sydbank A/S and Kenon Holdings Ltd.. 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
Frequently Asked Questions
TM2.F and KEN have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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