LUG.TO vs. T

Last updated Jun 9, 2026

LUG.TO (Lundin Gold Inc.) and T (AT&T Inc.) are both stocks. LUG.TO operates in Gold (Basic Materials), while T operates in Telecom Services (Communication Services). Over the past 10 years, LUG.TO returned 32.96%/yr vs 3.80%/yr for T. At a 0.05 correlation, their price movements are largely independent.

Performance

LUG.TO vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Lundin Gold Inc. (LUG.TO) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LUG.TO is traded in CAD, while T is traded in USD. To make them comparable, the T values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LUG.TO achieves a -26.55% return, which is significantly lower than T's -5.71% return. Over the past 10 years, LUG.TO has outperformed T with an annualized return of 32.96%, while T has yielded a comparatively lower 3.80% annualized return.

LUG.TO

• 1D: 0.42%
• 1M: -13.90%
• YTD: -26.55%
• 6M: -23.60%
• 1Y: 20.17%
• 3Y*: 78.91%
• 5Y*: 53.88%
• 10Y*: 32.96%

T

• 1D: -0.83%
• 1M: -8.72%
• YTD: -5.71%
• 6M: -6.67%
• 1Y: -14.68%
• 3Y*: 20.08%
• 5Y*: 9.65%
• 10Y*: 3.80%

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

LUG.TO vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LUG.TO Lundin Gold Inc.	-26.55%	291.22%	91.60%	29.55%	30.60%	-4.67%	31.21%	66.93%	10.15%	-13.88%
T AT&T Inc.	-5.71%	8.77%	56.28%	-5.06%	12.46%	-8.14%	-23.24%	39.55%	-15.72%	-10.51%

Correlation

The correlation between LUG.TO and T is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006	0.05

The correlation between LUG.TO and T shifts across timeframes, from -0.04 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS LUG.TO : CA$3.77 T : $3.04
PE Ratio LUG.TO : 20.77 T : 7.39
PEG Ratio LUG.TO : 0.28 T : 0.31
PS Ratio LUG.TO : 9.50 T : 1.29
Total Revenue (TTM) LUG.TO : CA$2.00B T : $125.65B
Gross Profit (TTM) LUG.TO : CA$1.41B T : $105.41B
EBITDA (TTM) LUG.TO : CA$1.43B T : $54.70B

Return for Risk

LUG.TO vs. T — Risk / Return Rank

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

LUG.TO

LUG.TO Risk / Return Rank: 54
LUG.TO Sharpe Ratio Rank: 55
LUG.TO Sortino Ratio Rank: 52
LUG.TO Omega Ratio Rank: 51
LUG.TO Calmar Ratio Rank: 55
LUG.TO Martin Ratio Rank: 58

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

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.

LUG.TO vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lundin Gold Inc. (LUG.TO) 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.

	LUG.TO	T	Difference
Sharpe ratio: Return per unit of total volatility	0.36	-0.67	+1.03
Sortino ratio: Return per unit of downside risk	0.84	-0.83	+1.68
Omega ratio: Gain probability vs. loss probability	1.11	0.90	+0.20
Calmar ratio: Return relative to maximum drawdown	0.58	-0.69	+1.26
Martin ratio: Return relative to average drawdown	1.50	-1.41	+2.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LUG.TO vs. T - Sharpe Ratio Comparison

The current LUG.TO Sharpe Ratio is 0.36, which is higher than the T Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of LUG.TO 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.

Sharpe Ratios by Period

	LUG.TO	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	-0.67	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	0.40	+0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.16	+0.61
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.32	-0.20

Drawdowns

LUG.TO vs. T - Drawdown Comparison

The maximum LUG.TO drawdown since its inception was -94.74%, which is greater than T's maximum drawdown of -42.44%. Use the drawdown chart below to compare losses from any high point for LUG.TO and T.

Drawdown Indicators

	LUG.TO	T	Difference
Max Drawdown Largest peak-to-trough decline	-94.74%	-42.44%	-52.30%
Max Drawdown (1Y) Largest decline over 1 year	-35.14%	-21.49%	-13.65%
Max Drawdown (3Y) Largest decline over 3 years	-35.14%	-21.49%	-13.65%
Max Drawdown (5Y) Largest decline over 5 years	-38.94%	-32.89%	-6.05%
Max Drawdown (10Y) Largest decline over 10 years	-41.84%	-42.44%	+0.60%
Current Drawdown Current decline from peak	-34.86%	-21.49%	-13.37%
Average Drawdown Average peak-to-trough decline	-67.65%	-13.77%	-53.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.50%	10.43%	+3.07%

Volatility

LUG.TO vs. T - Volatility Comparison

Lundin Gold Inc. (LUG.TO) has a higher volatility of 17.75% compared to AT&T Inc. (T) at 7.35%. This indicates that LUG.TO's price experiences larger fluctuations and is considered to be riskier than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LUG.TO	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.75%	7.35%	+10.40%
Volatility (6M) Calculated over the trailing 6-month period	41.85%	17.38%	+24.47%
Volatility (1Y) Calculated over the trailing 1-year period	56.10%	22.07%	+34.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.53%	24.41%	+22.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.39%	24.30%	+19.09%

Dividends

LUG.TO vs. T - Dividend Comparison

LUG.TO's dividend yield for the trailing twelve months is around 5.30%, more than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LUG.TO Lundin Gold Inc.	5.30%	3.35%	2.69%	3.26%	1.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
T AT&T Inc.	4.93%	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 LUG.TO and T in my portfolio?

LUG.TO and T have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.