JNJ vs. T

Last updated Jun 13, 2026

JNJ (Johnson & Johnson) and T (AT&T Inc.) are both stocks. JNJ operates in Drug Manufacturers - General (Healthcare), while T operates in Telecom Services (Communication Services). Over the past 10 years, JNJ returned 10.46%/yr vs 3.33%/yr for T. At a 0.34 correlation, their price movements are largely independent.

Performance

JNJ vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Johnson & Johnson (JNJ) 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, JNJ achieves a 17.68% return, which is significantly higher than T's -2.96% return. Over the past 10 years, JNJ has outperformed T with an annualized return of 10.46%, while T has yielded a comparatively lower 3.33% annualized return.

JNJ

• 1D: 1.07%
• 1M: 5.14%
• YTD: 17.68%
• 6M: 15.11%
• 1Y: 57.60%
• 3Y*: 17.82%
• 5Y*: 10.94%
• 10Y*: 10.46%

T

• 1D: 2.52%
• 1M: -4.69%
• YTD: -2.96%
• 6M: -1.93%
• 1Y: -12.96%
• 3Y*: 20.58%
• 5Y*: 7.38%
• 10Y*: 3.33%

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

JNJ vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNJ Johnson & Johnson	17.68%	47.48%	-4.81%	-8.58%	5.97%	11.44%	10.82%	16.22%	-5.13%	24.43%
T AT&T Inc.	-2.96%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between JNJ and T is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984	0.34

The correlation between JNJ and T shifts across timeframes, from 0.18 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS JNJ : $8.65 T : $3.04
PE Ratio JNJ : 27.85 T : 7.74
PEG Ratio JNJ : 0.93 T : 0.32
PS Ratio JNJ : 6.08 T : 1.35
Total Revenue (TTM) JNJ : $96.36B T : $125.65B
Gross Profit (TTM) JNJ : $66.60B T : $105.41B
EBITDA (TTM) JNJ : $31.62B T : $54.70B

Return for Risk

JNJ vs. T — Risk / Return Rank

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

JNJ

JNJ Risk / Return Rank: 96
JNJ Sharpe Ratio Rank: 97
JNJ Sortino Ratio Rank: 98
JNJ Omega Ratio Rank: 97
JNJ Calmar Ratio Rank: 93
JNJ Martin Ratio Rank: 94

T

T Risk / Return Rank: 18
T Sharpe Ratio Rank: 17
T Sortino Ratio Rank: 17
T Omega Ratio Rank: 18
T Calmar Ratio Rank: 21
T Martin Ratio Rank: 15

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.

JNJ vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Johnson & Johnson (JNJ) 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.

	JNJ	T	Difference
Sharpe ratio: Return per unit of total volatility	3.42	-0.59	+4.01
Sortino ratio: Return per unit of downside risk	4.94	-0.72	+5.66
Omega ratio: Gain probability vs. loss probability	1.61	0.92	+0.69
Calmar ratio: Return relative to maximum drawdown	5.28	-0.59	+5.88
Martin ratio: Return relative to average drawdown	15.52	-1.22	+16.74

JNJ vs. T - Sharpe Ratio Comparison

The current JNJ Sharpe Ratio is 3.42, which is higher than the T Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of JNJ 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

JNJ vs. T - Drawdown Comparison

The maximum JNJ drawdown since its inception was -50.67%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for JNJ and T.

Drawdown Indicators

	JNJ	T	Difference
Max Drawdown Largest peak-to-trough decline	-50.67%	-64.15%	+13.48%
Max Drawdown (1Y) Largest decline over 1 year	-10.96%	-21.87%	+10.91%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-21.87%	+5.92%
Max Drawdown (5Y) Largest decline over 5 years	-18.41%	-32.01%	+13.60%
Max Drawdown (10Y) Largest decline over 10 years	-27.37%	-42.35%	+14.98%
Current Drawdown Current decline from peak	-2.54%	-18.12%	+15.58%
Average Drawdown Average peak-to-trough decline	-11.90%	-15.72%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	10.64%	-6.92%

Volatility

JNJ vs. T - Volatility Comparison

The current volatility for Johnson & Johnson (JNJ) is 5.47%, while AT&T Inc. (T) has a volatility of 8.21%. This indicates that JNJ 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

	JNJ	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	8.21%	-2.74%
Volatility (6M) Calculated over the trailing 6-month period	12.16%	17.80%	-5.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.94%	22.13%	-5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	24.01%	-7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.48%	23.73%	-5.25%

Dividends

JNJ vs. T - Dividend Comparison

JNJ's dividend yield for the trailing twelve months is around 2.18%, less than T's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNJ Johnson & Johnson	2.18%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%
T AT&T Inc.	4.71%	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 JNJ and T in my portfolio?

JNJ and T have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNJ or T?

T has higher volatility (8.21%) compared to JNJ (5.47%). In terms of maximum drawdown, JNJ dropped -50.67% vs T's -64.15%.

Which has better risk-adjusted returns?

JNJ currently has the higher Sharpe Ratio (3.42 vs -0.59), 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.