VIV vs. AMX
VIV (Telefônica Brasil S.A.) and AMX (América Móvil, S.A.B. de C.V.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, VIV returned 8.19%/yr vs 11.36%/yr for AMX. At a 0.42 correlation, their price movements are largely independent.
Performance
VIV vs. AMX - Performance Comparison
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Returns By Period
In the year-to-date period, VIV achieves a 14.69% return, which is significantly lower than AMX's 26.17% return. Over the past 10 years, VIV has underperformed AMX with an annualized return of 8.19%, while AMX has yielded a comparatively higher 11.36% annualized return.
VIV
- 1D
- 3.26%
- 1M
- -2.29%
- YTD
- 14.69%
- 6M
- 17.70%
- 1Y
- 28.10%
- 3Y*
- 20.58%
- 5Y*
- 15.41%
- 10Y*
- 8.19%
AMX
- 1D
- -1.44%
- 1M
- -0.23%
- YTD
- 26.17%
- 6M
- 26.54%
- 1Y
- 57.50%
- 3Y*
- 9.76%
- 5Y*
- 14.91%
- 10Y*
- 11.36%
VIV vs. AMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIV Telefônica Brasil S.A. | 14.69% | 67.26% | -27.07% | 64.86% | -13.84% | 4.65% | -32.07% | 27.54% | -11.53% | 23.72% |
AMX América Móvil, S.A.B. de C.V. | 26.17% | 48.56% | -20.36% | 4.60% | -9.82% | 48.68% | -6.62% | 15.01% | -15.29% | 39.13% |
Correlation
The correlation between VIV and AMX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2001 | 0.42 |
The correlation between VIV and AMX shifts across timeframes, from 0.42 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
VIV:
$20.77B
AMX:
$78.83B
VIV:
R$3.99
AMX:
MX$29.05
VIV:
16.79
AMX:
15.55
VIV:
5.04
AMX:
0.31
VIV:
1.77
AMX:
1.44
VIV:
1.56
AMX:
3.13
VIV:
R$60.61B
AMX:
MX$944.51B
VIV:
R$25.92B
AMX:
MX$453.55B
VIV:
R$24.27B
AMX:
MX$383.46B
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Return for Risk
VIV vs. AMX — Risk / Return Rank
VIV
AMX
VIV vs. AMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefônica Brasil S.A. (VIV) and América Móvil, S.A.B. de C.V. (AMX). 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.
| VIV | AMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 3.76 | -2.56 |
| Martin ratioReturn relative to average drawdown | 3.49 | 10.04 | -6.55 |
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Drawdowns
VIV vs. AMX - Drawdown Comparison
The maximum VIV drawdown since its inception was -77.73%, which is greater than AMX's maximum drawdown of -64.34%. Use the drawdown chart below to compare losses from any high point for VIV and AMX.
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Drawdown Indicators
| VIV | AMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.73% | -64.34% | -13.39% |
Max Drawdown (1Y)Largest decline over 1 year | -23.44% | -15.36% | -8.08% |
Max Drawdown (3Y)Largest decline over 3 years | -30.17% | -35.44% | +5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -40.76% | -38.08% | -2.68% |
Max Drawdown (10Y)Largest decline over 10 years | -47.57% | -44.45% | -3.12% |
Current DrawdownCurrent decline from peak | -20.95% | -6.02% | -14.93% |
Average DrawdownAverage peak-to-trough decline | -32.01% | -24.08% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 5.75% | +2.33% |
Volatility
VIV vs. AMX - Volatility Comparison
The current volatility for Telefônica Brasil S.A. (VIV) is 7.63%, while América Móvil, S.A.B. de C.V. (AMX) has a volatility of 10.19%. This indicates that VIV experiences smaller price fluctuations and is considered to be less risky than AMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIV | AMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.63% | 10.19% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 22.48% | 21.76% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.18% | 27.40% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.55% | 25.95% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.20% | 29.04% | +2.16% |
Dividends
VIV vs. AMX - Dividend Comparison
VIV's dividend yield for the trailing twelve months is around 7.01%, more than AMX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMX América Móvil, S.A.B. de C.V. | 2.13% | 2.68% | 3.59% | 2.83% | 4.41% | 1.88% | 2.49% | 2.29% | 2.24% | 1.91% | 2.27% | 8.55% |
VIV Telefônica Brasil S.A. | 7.01% | 5.25% | 6.60% | 5.55% | 5.86% | 6.44% | 10.22% | 5.25% | 9.20% | 10.87% | 4.09% | 10.07% |
Financials
VIV vs. AMX - Financials Comparison
This section allows you to compare key financial metrics between Telefônica Brasil S.A. and América Móvil, S.A.B. de C.V.. 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
VIV vs. AMX - Profitability Comparison
VIV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telefônica Brasil S.A. reported a gross profit of 6.17B and revenue of 15.17B. Therefore, the gross margin over that period was 40.7%.
AMX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, América Móvil, S.A.B. de C.V. reported a gross profit of 148.31B and revenue of 236.84B. Therefore, the gross margin over that period was 62.6%.
VIV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telefônica Brasil S.A. reported an operating income of 2.24B and revenue of 15.17B, resulting in an operating margin of 14.8%.
AMX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, América Móvil, S.A.B. de C.V. reported an operating income of 50.52B and revenue of 236.84B, resulting in an operating margin of 21.3%.
VIV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telefônica Brasil S.A. reported a net income of 1.24B and revenue of 15.17B, resulting in a net margin of 8.2%.
AMX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, América Móvil, S.A.B. de C.V. reported a net income of 23.40B and revenue of 236.84B, resulting in a net margin of 9.9%.
Frequently Asked Questions
VIV and AMX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMX has higher volatility (10.19%) compared to VIV (7.63%). In terms of maximum drawdown, VIV dropped -77.73% vs AMX's -64.34%.
AMX currently has the higher Sharpe Ratio (2.11 vs 0.97), 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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