VIV vs. GCT

Last updated Jul 11, 2026

VIV (Telefônica Brasil S.A.) and GCT (GigaCloud Technology Inc) are both stocks. VIV operates in Telecom Services (Communication Services), while GCT operates in Software - Infrastructure (Technology). Over the past 3 years, VIV returned 26.07%/yr vs 69.39%/yr for GCT. At a 0.08 correlation, their price movements are largely independent.

Performance

VIV vs. GCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Telefônica Brasil S.A. (VIV) and GigaCloud Technology Inc (GCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIV achieves a 25.67% return, which is significantly higher than GCT's -12.40% return.

VIV

• 1D: 3.64%
• 1M: 6.07%
• 6M: 19.91%
• YTD: 25.67%
• 1Y: 32.02%
• 3Y*: 26.07%
• 5Y*: 19.06%
• 10Y*: 7.59%

GCT

• 1D: -1.21%
• 1M: 2.87%
• 6M: -17.68%
• YTD: -12.40%
• 1Y: 65.75%
• 3Y*: 69.39%
• 5Y*: —
• 10Y*: —

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

VIV vs. GCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VIV Telefônica Brasil S.A.	25.67%	67.26%	-27.07%	64.86%	-18.67%
GCT GigaCloud Technology Inc	-12.40%	112.10%	1.23%	221.53%	-70.36%

Correlation

The correlation between VIV and GCT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022	0.08

The correlation between VIV and GCT shifts across timeframes, from 0.08 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap VIV : $22.27B GCT : $1.28B
EPS VIV : R$3.99 GCT : $3.95
PE Ratio VIV : 17.89 GCT : 8.71
PEG Ratio VIV : 5.37 GCT : 0.11
PS Ratio VIV : 1.88 GCT : 0.94
PB Ratio VIV : 1.66 GCT : 2.48
Total Revenue (TTM) VIV : R$60.61B GCT : $1.38B
Gross Profit (TTM) VIV : R$25.92B GCT : $322.79M
EBITDA (TTM) VIV : R$24.27B GCT : $177.88M

Return for Risk

VIV vs. GCT — Risk / Return Rank

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

VIV

VIV Risk / Return Rank: 73
VIV Sharpe Ratio Rank: 78
VIV Sortino Ratio Rank: 72
VIV Omega Ratio Rank: 71
VIV Calmar Ratio Rank: 72
VIV Martin Ratio Rank: 74

GCT

GCT Risk / Return Rank: 74
GCT Sharpe Ratio Rank: 71
GCT Sortino Ratio Rank: 78
GCT Omega Ratio Rank: 73
GCT Calmar Ratio Rank: 75
GCT Martin Ratio Rank: 74

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.

VIV vs. GCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Telefônica Brasil S.A. (VIV) and GigaCloud Technology Inc (GCT). 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	GCT	Difference
Sharpe ratio: Return per unit of total volatility	1.11	0.80	+0.31
Sortino ratio: Return per unit of downside risk	1.59	1.92	-0.33
Omega ratio: Gain probability vs. loss probability	1.20	1.21	-0.02
Calmar ratio: Return relative to maximum drawdown	1.39	1.59	-0.20
Martin ratio: Return relative to average drawdown	3.58	3.72	-0.13

VIV vs. GCT - Sharpe Ratio Comparison

The current VIV Sharpe Ratio is 1.11, which is higher than the GCT Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of VIV and GCT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VIV vs. GCT - Drawdown Comparison

The maximum VIV drawdown since its inception was -77.73%, smaller than the maximum GCT drawdown of -91.11%. Use the drawdown chart below to compare losses from any high point for VIV and GCT.

Drawdown Indicators

	VIV	GCT	Difference
Max Drawdown Largest peak-to-trough decline	-77.73%	-91.11%	+13.38%
Max Drawdown (1Y) Largest decline over 1 year	-23.44%	-39.13%	+15.69%
Max Drawdown (3Y) Largest decline over 3 years	-30.17%	-73.16%	+42.99%
Max Drawdown (5Y) Largest decline over 5 years	-40.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.57%	—	—
Current Drawdown Current decline from peak	-15.06%	-33.57%	+18.51%
Average Drawdown Average peak-to-trough decline	-31.98%	-55.65%	+23.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.08%	16.75%	-7.67%

Volatility

VIV vs. GCT - Volatility Comparison

The current volatility for Telefônica Brasil S.A. (VIV) is 8.04%, while GigaCloud Technology Inc (GCT) has a volatility of 12.16%. This indicates that VIV experiences smaller price fluctuations and is considered to be less risky than GCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIV	GCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	12.16%	-4.12%
Volatility (6M) Calculated over the trailing 6-month period	23.07%	50.94%	-27.87%
Volatility (1Y) Calculated over the trailing 1-year period	29.39%	77.57%	-48.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.52%	143.64%	-115.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.09%	143.64%	-112.55%

Dividends

VIV vs. GCT - Dividend Comparison

VIV's dividend yield for the trailing twelve months is around 8.81%, while GCT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCT GigaCloud Technology Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIV Telefônica Brasil S.A.	8.81%	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. GCT - Profitability Comparison

The chart below illustrates the profitability comparison between Telefônica Brasil S.A. and GigaCloud Technology Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VIV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.

GCT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, GigaCloud Technology Inc reported a gross profit of 85.85M and revenue of 359.49M. Therefore, the gross margin over that period was 23.9%.

VIV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.

GCT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, GigaCloud Technology Inc reported an operating income of 42.48M and revenue of 359.49M, resulting in an operating margin of 11.8%.

VIV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.

GCT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, GigaCloud Technology Inc reported a net income of 38.12M and revenue of 359.49M, resulting in a net margin of 10.6%.

Frequently Asked Questions

Can I hold both VIV and GCT in my portfolio?

VIV and GCT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIV or GCT?

GCT has higher volatility (12.16%) compared to VIV (8.04%). In terms of maximum drawdown, VIV dropped -77.73% vs GCT's -91.11%.

Which has better risk-adjusted returns?

VIV currently has the higher Sharpe Ratio (1.11 vs 0.80), 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.