MO vs. T

Last updated Jul 21, 2026

MO (Altria Group, Inc.) and T (AT&T Inc.) are both stocks. MO operates in Tobacco (Consumer Defensive), while T operates in Telecom Services (Communication Services). Over the past 10 years, MO returned 7.92%/yr vs 2.10%/yr for T. At a 0.32 correlation, their price movements are largely independent.

Performance

MO vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Altria Group, Inc. (MO) 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, MO achieves a 33.62% return, which is significantly higher than T's -7.04% return. Over the past 10 years, MO has outperformed T with an annualized return of 7.92%, while T has yielded a comparatively lower 2.10% annualized return.

MO

• 1D: 0.61%
• 1M: 8.02%
• 6M: 24.75%
• YTD: 33.62%
• 1Y: 37.41%
• 3Y*: 27.19%
• 5Y*: 18.35%
• 10Y*: 7.92%
• ALL TIME*: 18.00%

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)

MO vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MO Altria Group, Inc.	33.62%	18.17%	40.76%	-3.70%	4.37%	24.18%	-10.21%	7.87%	-27.14%	9.45%
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 MO and T is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984	0.32

Fundamentals

Market Cap MO : $124.67B T : $152.52B
EPS MO : $4.80 T : $3.05
PE Ratio MO : 15.56 T : 7.19
PEG Ratio MO : 0.33 T : 0.30
PS Ratio MO : 5.74 T : 1.25
Total Revenue (TTM) MO : $21.82B T : $125.65B
Gross Profit (TTM) MO : $14.80B T : $105.41B
EBITDA (TTM) MO : $11.70B T : $54.70B

Return for Risk

MO vs. T — Risk / Return Rank

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

MO

MO Risk / Return Rank: 84
MO Sharpe Ratio Rank: 87
MO Sortino Ratio Rank: 83
MO Omega Ratio Rank: 84
MO Calmar Ratio Rank: 82
MO Martin Ratio Rank: 82

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.

MO vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Altria Group, Inc. (MO) 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.

	MO	T	Difference
Sharpe ratio: Return per unit of total volatility	1.62	-0.57	+2.19
Sortino ratio: Return per unit of downside risk	2.18	-0.67	+2.85
Omega ratio: Gain probability vs. loss probability	1.30	0.92	+0.38
Calmar ratio: Return relative to maximum drawdown	2.29	-0.46	+2.76
Martin ratio: Return relative to average drawdown	5.75	-1.03	+6.78

MO vs. T - Sharpe Ratio Comparison

The current MO Sharpe Ratio is 1.62, which is higher than the T Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of MO 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

MO vs. T - Drawdown Comparison

The maximum MO drawdown since its inception was -65.43%, roughly equal to the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for MO and T.

Drawdown Indicators

	MO	T	Difference
Max Drawdown Largest peak-to-trough decline	-65.43%	-64.15%	-1.28%
Max Drawdown (1Y) Largest decline over 1 year	-16.40%	-28.89%	+12.49%
Max Drawdown (3Y) Largest decline over 3 years	-16.40%	-28.89%	+12.49%
Max Drawdown (5Y) Largest decline over 5 years	-25.83%	-32.01%	+6.18%
Max Drawdown (10Y) Largest decline over 10 years	-53.69%	-42.35%	-11.34%
Current Drawdown Current decline from peak	0.00%	-21.57%	+21.57%
Average Drawdown Average peak-to-trough decline	-11.91%	-15.74%	+3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.53%	12.94%	-6.41%

Volatility

MO vs. T - Volatility Comparison

The current volatility for Altria Group, Inc. (MO) is 7.16%, while AT&T Inc. (T) has a volatility of 9.59%. This indicates that MO 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

	MO	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	9.59%	-2.43%
Volatility (6M) Calculated over the trailing 6-month period	18.14%	19.91%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	23.27%	23.72%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.82%	24.38%	-3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.09%	23.92%	-0.83%

Dividends

MO vs. T - Dividend Comparison

MO's dividend yield for the trailing twelve months is around 5.68%, less than T's 6.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MO Altria Group, Inc.	5.68%	7.21%	7.65%	9.52%	8.05%	7.43%	8.29%	6.57%	6.07%	3.56%	3.48%	3.73%
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 MO and T in my portfolio?

MO and T have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MO or T?

T has higher volatility (9.59%) compared to MO (7.16%). In terms of maximum drawdown, MO dropped -65.43% vs T's -64.15%.

Which has better risk-adjusted returns?

MO currently has the higher Sharpe Ratio (1.62 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.