PM vs. T
PM (Philip Morris International Inc.) and T (AT&T Inc.) are both stocks. PM operates in Tobacco (Consumer Defensive), while T operates in Telecom Services (Communication Services). Over the past 10 years, PM returned 11.71%/yr vs 3.33%/yr for T. At a 0.40 correlation, their price movements are largely independent.
Performance
PM vs. T - Performance Comparison
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Returns By Period
In the year-to-date period, PM achieves a 15.93% return, which is significantly higher than T's -2.96% return. Over the past 10 years, PM has outperformed T with an annualized return of 11.71%, while T has yielded a comparatively lower 3.33% annualized return.
PM
- 1D
- 1.95%
- 1M
- -2.80%
- YTD
- 15.93%
- 6M
- 22.12%
- 1Y
- 3.53%
- 3Y*
- 31.18%
- 5Y*
- 18.78%
- 10Y*
- 11.71%
T
- 1D
- 2.52%
- 1M
- -1.87%
- YTD
- -2.96%
- 6M
- -1.93%
- 1Y
- -12.71%
- 3Y*
- 20.58%
- 5Y*
- 7.38%
- 10Y*
- 3.33%
PM vs. T - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 15.93% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
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 PM and T is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.40 |
The correlation between PM and T shifts across timeframes, from 0.23 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PM:
$7.12
T:
$3.04
PM:
25.90
T:
7.74
PM:
2.81
T:
0.32
PM:
6.93
T:
1.35
PM:
$41.49B
T:
$125.65B
PM:
$27.93B
T:
$105.41B
PM:
$17.74B
T:
$54.70B
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Return for Risk
PM vs. T — Risk / Return Rank
PM
T
PM vs. T - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Philip Morris International Inc. (PM) 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.
| PM | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.92 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.59 | +0.77 |
| Martin ratioReturn relative to average drawdown | 0.34 | -1.22 | +1.56 |
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Drawdowns
PM vs. T - Drawdown Comparison
The maximum PM drawdown since its inception was -42.87%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for PM and T.
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Drawdown Indicators
| PM | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.87% | -64.15% | +21.28% |
Max Drawdown (1Y)Largest decline over 1 year | -20.64% | -21.87% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -21.87% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -32.01% | +9.23% |
Max Drawdown (10Y)Largest decline over 10 years | -42.87% | -42.35% | -0.52% |
Current DrawdownCurrent decline from peak | -3.94% | -18.12% | +14.18% |
Average DrawdownAverage peak-to-trough decline | -10.02% | -15.72% | +5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.81% | 10.64% | +0.17% |
Volatility
PM vs. T - Volatility Comparison
The current volatility for Philip Morris International Inc. (PM) is 7.76%, while AT&T Inc. (T) has a volatility of 8.21%. This indicates that PM 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.
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Volatility by Period
| PM | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 8.21% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 21.07% | 17.80% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.73% | 22.13% | +5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 24.01% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.46% | 23.73% | +0.73% |
Dividends
PM vs. T - Dividend Comparison
PM's dividend yield for the trailing twelve months is around 3.13%, less than T's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 3.13% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
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
PM vs. T - Financials Comparison
This section allows you to compare key financial metrics between Philip Morris International Inc. and AT&T Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
PM and T have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (8.21%) compared to PM (7.76%). In terms of maximum drawdown, PM dropped -42.87% vs T's -64.15%.
PM currently has the higher Sharpe Ratio (0.13 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.
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