VEON vs. TDS
VEON (VEON Ltd.) and TDS (Telephone and Data Systems, Inc.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, VEON returned -3.71%/yr vs 6.59%/yr for TDS. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
VEON vs. TDS - Performance Comparison
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Returns By Period
In the year-to-date period, VEON achieves a -0.53% return, which is significantly lower than TDS's 6.37% return. Over the past 10 years, VEON has underperformed TDS with an annualized return of -3.71%, while TDS has yielded a comparatively higher 6.59% annualized return.
VEON
- 1D
- -0.95%
- 1M
- 0.56%
- 6M
- -4.30%
- YTD
- -0.53%
- 1Y
- 3.44%
- 3Y*
- 45.72%
- 5Y*
- 3.63%
- 10Y*
- -3.71%
- ALL TIME*
- 2.44%
TDS
- 1D
- 0.00%
- 1M
- -7.21%
- 6M
- -25.45%
- YTD
- 6.37%
- 1Y
- 14.91%
- 3Y*
- 78.98%
- 5Y*
- 17.83%
- 10Y*
- 6.59%
- ALL TIME*
- 3.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.86M | $33.30M | $42.63M | |
VEON VEON Ltd. | $4.52M | $4.62M | $4.95M |
VEON vs. TDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEON VEON Ltd. | -0.53% | 31.10% | 103.55% | 60.82% | -71.35% | 13.25% | -37.09% | 18.88% | -34.17% | 5.59% |
TDS Telephone and Data Systems, Inc. | 6.37% | 20.73% | 89.02% | 86.26% | -45.27% | 12.04% | -24.32% | -19.98% | 19.58% | -1.46% |
Correlation
The correlation between VEON and TDS is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 1996 | 0.27 |
The correlation between VEON and TDS shifts across timeframes, from 0.11 (5 years) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VEON:
$3.62B
TDS:
$3.57B
VEON:
$8.27
TDS:
$1.47
VEON:
6.32
TDS:
22.83
VEON:
2.52
TDS:
6.72
VEON:
0.73
TDS:
1.22
VEON:
$4.59B
TDS:
$2.13B
VEON:
$3.63B
TDS:
$775.87M
VEON:
$1.69B
TDS:
$746.87M
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Return for Risk
VEON vs. TDS — Risk / Return Rank
VEON
TDS
VEON vs. TDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VEON Ltd. (VEON) and Telephone and Data Systems, Inc. (TDS). 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.
| VEON | TDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.11 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.40 | -0.55 |
| Martin ratioReturn relative to average drawdown | -0.26 | 1.07 | -1.33 |
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Drawdowns
VEON vs. TDS - Drawdown Comparison
The maximum VEON drawdown since its inception was -98.74%, which is greater than TDS's maximum drawdown of -88.89%. Use the drawdown chart below to compare losses from any high point for VEON and TDS.
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Drawdown Indicators
| VEON | TDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.74% | -88.89% | -9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -30.54% | -29.70% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -32.15% | -33.36% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -88.66% | -66.28% | -22.38% |
Max Drawdown (10Y)Largest decline over 10 years | -92.52% | -78.98% | -13.54% |
Current DrawdownCurrent decline from peak | -89.99% | -29.30% | -60.69% |
Average DrawdownAverage peak-to-trough decline | -62.75% | -47.23% | -15.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.82% | 11.18% | +5.64% |
Volatility
VEON vs. TDS - Volatility Comparison
VEON Ltd. (VEON) has a higher volatility of 8.51% compared to Telephone and Data Systems, Inc. (TDS) at 6.36%. This indicates that VEON's price experiences larger fluctuations and is considered to be riskier than TDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEON | TDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 6.36% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 35.30% | 19.09% | +16.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.16% | 37.69% | +11.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.01% | 63.80% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.80% | 52.57% | +3.23% |
Dividends
VEON vs. TDS - Dividend Comparison
VEON has not paid dividends to shareholders, while TDS's dividend yield for the trailing twelve months is around 31.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDS Telephone and Data Systems, Inc. | 31.00% | 0.39% | 0.91% | 4.03% | 6.86% | 3.47% | 3.66% | 2.60% | 1.97% | 2.23% | 2.05% | 2.18% |
VEON VEON Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.62% | 9.58% | 9.47% | 5.97% | 0.68% | 0.80% |
Financials
VEON vs. TDS - Financials Comparison
This section allows you to compare key financial metrics between VEON Ltd. and Telephone and Data Systems, Inc.. 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
VEON vs. TDS - Profitability Comparison
VEON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, VEON Ltd. reported a gross profit of 844.74M and revenue of 1.21B. Therefore, the gross margin over that period was 70.0%.
TDS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Telephone and Data Systems, Inc. reported a gross profit of 0.00 and revenue of 309.45M. Therefore, the gross margin over that period was 0.0%.
VEON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, VEON Ltd. reported an operating income of 309.37M and revenue of 1.21B, resulting in an operating margin of 25.7%.
TDS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Telephone and Data Systems, Inc. reported an operating income of 143.82M and revenue of 309.45M, resulting in an operating margin of 46.5%.
VEON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, VEON Ltd. reported a net income of 99.44M and revenue of 1.21B, resulting in a net margin of 8.2%.
TDS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Telephone and Data Systems, Inc. reported a net income of 127.29M and revenue of 309.45M, resulting in a net margin of 41.1%.
Frequently Asked Questions
VEON and TDS have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEON has higher volatility (8.51%) compared to TDS (6.36%). In terms of maximum drawdown, VEON dropped -98.74% vs TDS's -88.89%.
TDS currently has the higher Sharpe Ratio (0.32 vs -0.09), 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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