NFLX vs. T

Last updated Jun 25, 2026

NFLX (Netflix, Inc.) and T (AT&T Inc.) are both stocks. Both are in the Communication Services sector — NFLX in Entertainment, T in Telecom Services. Over the past 10 years, NFLX returned 23.30%/yr vs 2.50%/yr for T. At a 0.16 correlation, their price movements are largely independent.

Performance

NFLX vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Netflix, Inc. (NFLX) 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, NFLX achieves a -23.38% return, which is significantly lower than T's -7.94% return. Over the past 10 years, NFLX has outperformed T with an annualized return of 23.30%, while T has yielded a comparatively lower 2.50% annualized return.

NFLX

• 1D: -1.35%
• 1M: -18.92%
• YTD: -23.38%
• 6M: -23.28%
• 1Y: -43.84%
• 3Y*: 19.21%
• 5Y*: 6.39%
• 10Y*: 23.30%

T

• 1D: -1.93%
• 1M: -11.44%
• YTD: -7.94%
• 6M: -7.27%
• 1Y: -17.45%
• 3Y*: 19.42%
• 5Y*: 6.57%
• 10Y*: 2.50%

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

NFLX vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NFLX Netflix, Inc.	-23.38%	5.19%	83.07%	65.11%	-51.05%	11.41%	67.11%	20.89%	39.44%	55.06%
T AT&T Inc.	-7.94%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between NFLX and T is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since May 23, 2002	0.16

The correlation between NFLX and T shifts across timeframes, from 0.04 (3 years) to 0.16 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS NFLX : $3.09 T : $3.04
PE Ratio NFLX : 23.24 T : 7.35
PEG Ratio NFLX : 0.92 T : 0.30
PS Ratio NFLX : 6.63 T : 1.28
Total Revenue (TTM) NFLX : $46.89B T : $125.65B
Gross Profit (TTM) NFLX : $22.99B T : $105.41B
EBITDA (TTM) NFLX : $26.91B T : $54.70B

Return for Risk

NFLX vs. T — Risk / Return Rank

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

NFLX

NFLX Risk / Return Rank: 3
NFLX Sharpe Ratio Rank: 2
NFLX Sortino Ratio Rank: 3
NFLX Omega Ratio Rank: 3
NFLX Calmar Ratio Rank: 4
NFLX Martin Ratio Rank: 3

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 10
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 14
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 5

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.

NFLX vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Netflix, Inc. (NFLX) 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.

	NFLX	T	Difference
Sharpe ratio: Return per unit of total volatility	-1.31	-0.77	-0.53
Sortino ratio: Return per unit of downside risk	-2.02	-1.02	-1.01
Omega ratio: Gain probability vs. loss probability	0.75	0.88	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.95	-0.74	-0.21
Martin ratio: Return relative to average drawdown	-1.67	-1.56	-0.12

NFLX vs. T - Sharpe Ratio Comparison

The current NFLX Sharpe Ratio is -1.31, which is lower than the T Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of NFLX 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

NFLX vs. T - Drawdown Comparison

The maximum NFLX drawdown since its inception was -81.99%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for NFLX and T.

Drawdown Indicators

	NFLX	T	Difference
Max Drawdown Largest peak-to-trough decline	-81.99%	-64.15%	-17.84%
Max Drawdown (1Y) Largest decline over 1 year	-46.35%	-23.57%	-22.78%
Max Drawdown (3Y) Largest decline over 3 years	-46.35%	-23.57%	-22.78%
Max Drawdown (5Y) Largest decline over 5 years	-75.95%	-32.01%	-43.94%
Max Drawdown (10Y) Largest decline over 10 years	-75.95%	-42.35%	-33.60%
Current Drawdown Current decline from peak	-46.35%	-22.32%	-24.03%
Average Drawdown Average peak-to-trough decline	-24.93%	-15.72%	-9.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.21%	11.23%	+14.98%

Volatility

NFLX vs. T - Volatility Comparison

The current volatility for Netflix, Inc. (NFLX) is 7.98%, while AT&T Inc. (T) has a volatility of 8.61%. This indicates that NFLX 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

	NFLX	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	8.61%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	25.54%	18.46%	+7.08%
Volatility (1Y) Calculated over the trailing 1-year period	33.75%	22.68%	+11.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.23%	24.14%	+19.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.54%	23.79%	+17.75%

Dividends

NFLX vs. T - Dividend Comparison

NFLX has not paid dividends to shareholders, while T's dividend yield for the trailing twelve months is around 4.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFLX Netflix, 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%
T AT&T Inc.	4.96%	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 NFLX and T in my portfolio?

NFLX and T have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFLX or T?

T has higher volatility (8.61%) compared to NFLX (7.98%). In terms of maximum drawdown, NFLX dropped -81.99% vs T's -64.15%.

Which has better risk-adjusted returns?

T currently has the higher Sharpe Ratio (-0.77 vs -1.31), 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.