EPD vs. T

Last updated Jul 21, 2026

EPD (Enterprise Products Partners L.P.) and T (AT&T Inc.) are both stocks. EPD operates in Oil & Gas Midstream (Energy), while T operates in Telecom Services (Communication Services). Over the past 10 years, EPD returned 10.31%/yr vs 2.10%/yr for T. At a 0.19 correlation, their price movements are largely independent.

Performance

EPD vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enterprise Products Partners L.P. (EPD) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPD achieves a 24.71% return, which is significantly higher than T's -7.04% return. Over the past 10 years, EPD has outperformed T with an annualized return of 10.31%, while T has yielded a comparatively lower 2.10% annualized return.

EPD

• 1D: 1.52%
• 1M: 5.96%
• 6M: 21.53%
• YTD: 24.71%
• 1Y: 32.06%
• 3Y*: 21.21%
• 5Y*: 18.64%
• 10Y*: 10.31%
• ALL TIME*: 14.20%

T

• 1D: 0.64%
• 1M: 2.62%
• 6M: -2.84%
• YTD: -7.04%
• 1Y: -13.37%
• 3Y*: 20.93%
• 5Y*: 7.13%
• 10Y*: 2.10%
• ALL TIME*: 9.35%

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

EPD vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPD Enterprise Products Partners L.P.	24.71%	9.45%	28.00%	17.71%	18.32%	21.40%	-23.61%	21.88%	-1.32%	4.24%
T AT&T Inc.	-7.04%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between EPD and T is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 28, 1998	0.19

Fundamentals

Market Cap EPD : $83.90B T : $152.52B
EPS EPD : $2.69 T : $3.05
PE Ratio EPD : 14.39 T : 7.19
PEG Ratio EPD : 2.31 T : 0.30
PS Ratio EPD : 1.64 T : 1.25
Total Revenue (TTM) EPD : $51.57B T : $125.65B
Gross Profit (TTM) EPD : $7.31B T : $105.41B
EBITDA (TTM) EPD : $10.11B T : $54.70B

Return for Risk

EPD vs. T — Risk / Return Rank

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

EPD

EPD Risk / Return Rank: 90
EPD Sharpe Ratio Rank: 91
EPD Sortino Ratio Rank: 89
EPD Omega Ratio Rank: 88
EPD Calmar Ratio Rank: 89
EPD Martin Ratio Rank: 90

T

T Risk / Return Rank: 22
T Sharpe Ratio Rank: 19
T Sortino Ratio Rank: 19
T Omega Ratio Rank: 20
T Calmar Ratio Rank: 29
T Martin Ratio Rank: 23

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.

EPD vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enterprise Products Partners L.P. (EPD) and AT&T Inc. (T). 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.

	EPD	T	Difference
Sharpe ratio: Return per unit of total volatility	1.90	-0.57	+2.47
Sortino ratio: Return per unit of downside risk	2.72	-0.67	+3.39
Omega ratio: Gain probability vs. loss probability	1.34	0.92	+0.42
Calmar ratio: Return relative to maximum drawdown	3.46	-0.46	+3.92
Martin ratio: Return relative to average drawdown	9.87	-1.03	+10.90

EPD vs. T - Sharpe Ratio Comparison

The current EPD Sharpe Ratio is 1.90, which is higher than the T Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of EPD and T, 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

EPD vs. T - Drawdown Comparison

The maximum EPD drawdown since its inception was -58.78%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for EPD and T.

Drawdown Indicators

	EPD	T	Difference
Max Drawdown Largest peak-to-trough decline	-58.78%	-64.15%	+5.37%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-28.89%	+19.57%
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	-28.89%	+13.49%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	-32.01%	+13.95%
Max Drawdown (10Y) Largest decline over 10 years	-58.04%	-42.35%	-15.69%
Current Drawdown Current decline from peak	-2.56%	-21.57%	+19.01%
Average Drawdown Average peak-to-trough decline	-10.21%	-15.74%	+5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	12.94%	-9.68%

Volatility

EPD vs. T - Volatility Comparison

The current volatility for Enterprise Products Partners L.P. (EPD) is 6.72%, while AT&T Inc. (T) has a volatility of 9.59%. This indicates that EPD experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPD	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.72%	9.59%	-2.87%
Volatility (6M) Calculated over the trailing 6-month period	14.71%	19.91%	-5.20%
Volatility (1Y) Calculated over the trailing 1-year period	16.96%	23.72%	-6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	24.38%	-7.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.15%	23.92%	+0.23%

Dividends

EPD vs. T - Dividend Comparison

EPD's dividend yield for the trailing twelve months is around 5.65%, less than T's 6.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPD Enterprise Products Partners L.P.	5.65%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%
T AT&T Inc.	6.58%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Financials

Frequently Asked Questions

Can I hold both EPD and T in my portfolio?

EPD and T have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPD or T?

T has higher volatility (9.59%) compared to EPD (6.72%). In terms of maximum drawdown, EPD dropped -58.78% vs T's -64.15%.

Which has better risk-adjusted returns?

EPD currently has the higher Sharpe Ratio (1.90 vs -0.57), 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.