VIV vs. CCOI
VIV (Telefônica Brasil S.A.) and CCOI (Cogent Communications Holdings, Inc.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, VIV returned 8.50%/yr vs -3.65%/yr for CCOI. At a 0.19 correlation, their price movements are largely independent.
Performance
VIV vs. CCOI - Performance Comparison
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Returns By Period
In the year-to-date period, VIV achieves a 16.10% return, which is significantly higher than CCOI's -19.64% return. Over the past 10 years, VIV has outperformed CCOI with an annualized return of 8.50%, while CCOI has yielded a comparatively lower -3.65% annualized return.
VIV
- 1D
- -0.38%
- 1M
- -15.58%
- YTD
- 16.10%
- 6M
- 5.67%
- 1Y
- 35.54%
- 3Y*
- 23.81%
- 5Y*
- 14.68%
- 10Y*
- 8.50%
CCOI
- 1D
- 5.49%
- 1M
- -4.15%
- YTD
- -19.64%
- 6M
- -7.59%
- 1Y
- -62.53%
- 3Y*
- -31.15%
- 5Y*
- -21.50%
- 10Y*
- -3.65%
VIV vs. CCOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIV Telefônica Brasil S.A. | 16.10% | 67.26% | -27.07% | 64.86% | -13.84% | 4.65% | -32.07% | 27.54% | -11.53% | 23.72% |
CCOI Cogent Communications Holdings, Inc. | -19.64% | -70.14% | 7.19% | 41.23% | -17.20% | 27.78% | -5.33% | 51.98% | 4.25% | 14.33% |
Correlation
The correlation between VIV and CCOI is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2002 | 0.19 |
The correlation between VIV and CCOI shifts across timeframes, from 0.08 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VIV:
$21.03B
CCOI:
$826.02M
VIV:
$3.99
CCOI:
-$3.56
VIV:
0.35
CCOI:
0.87
VIV:
$60.61B
CCOI:
$948.70M
VIV:
$25.92B
CCOI:
$307.44M
VIV:
$24.27B
CCOI:
$187.51M
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Return for Risk
VIV vs. CCOI — Risk / Return Rank
VIV
CCOI
VIV vs. CCOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefônica Brasil S.A. (VIV) and Cogent Communications Holdings, Inc. (CCOI). 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.
| VIV | CCOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.87 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | -0.90 | +2.68 |
| Martin ratioReturn relative to average drawdown | 5.26 | -1.34 | +6.60 |
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
| VIV | CCOI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | -0.73 | +1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.45 | +0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | -0.09 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | -0.06 | +0.20 |
Drawdowns
VIV vs. CCOI - Drawdown Comparison
The maximum VIV drawdown since its inception was -77.73%, smaller than the maximum CCOI drawdown of -96.52%. Use the drawdown chart below to compare losses from any high point for VIV and CCOI.
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Drawdown Indicators
| VIV | CCOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.73% | -96.52% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -69.30% | +49.20% |
Max Drawdown (3Y)Largest decline over 3 years | -30.17% | -80.02% | +49.85% |
Max Drawdown (5Y)Largest decline over 5 years | -40.76% | -80.02% | +39.26% |
Max Drawdown (10Y)Largest decline over 10 years | -47.57% | -80.02% | +32.45% |
Current DrawdownCurrent decline from peak | -19.98% | -78.07% | +58.09% |
Average DrawdownAverage peak-to-trough decline | -32.03% | -59.19% | +27.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.77% | 46.77% | -40.00% |
Volatility
VIV vs. CCOI - Volatility Comparison
The current volatility for Telefônica Brasil S.A. (VIV) is 9.45%, while Cogent Communications Holdings, Inc. (CCOI) has a volatility of 24.11%. This indicates that VIV experiences smaller price fluctuations and is considered to be less risky than CCOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIV | CCOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.45% | 24.11% | -14.66% |
Volatility (6M)Calculated over the trailing 6-month period | 23.68% | 69.05% | -45.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.75% | 85.50% | -56.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.53% | 47.57% | -19.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.22% | 40.80% | -9.58% |
Dividends
VIV vs. CCOI - Dividend Comparison
VIV's dividend yield for the trailing twelve months is around 6.93%, more than CCOI's 6.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCOI Cogent Communications Holdings, Inc. | 6.22% | 14.15% | 5.09% | 4.94% | 6.23% | 4.33% | 4.64% | 3.71% | 4.69% | 3.97% | 3.65% | 4.21% |
VIV Telefônica Brasil S.A. | 6.93% | 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. CCOI - Financials Comparison
This section allows you to compare key financial metrics between Telefônica Brasil S.A. and Cogent Communications Holdings, 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
VIV vs. CCOI - 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%.
CCOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cogent Communications Holdings, Inc. reported a gross profit of 109.96M and revenue of 239.19M. Therefore, the gross margin over that period was 46.0%.
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%.
CCOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cogent Communications Holdings, Inc. reported an operating income of -13.51M and revenue of 239.19M, resulting in an operating margin of -5.7%.
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%.
CCOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cogent Communications Holdings, Inc. reported a net income of -39.54M and revenue of 239.19M, resulting in a net margin of -16.5%.
Frequently Asked Questions
VIV and CCOI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCOI has higher volatility (24.11%) compared to VIV (9.45%). In terms of maximum drawdown, VIV dropped -77.73% vs CCOI's -96.52%.
VIV currently has the higher Sharpe Ratio (1.24 vs -0.73), 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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