T.TO vs. BLK
T.TO (TELUS Corporation) and BLK (BlackRock, Inc.) are both stocks. T.TO operates in Telecom Services (Communication Services), while BLK operates in Asset Management (Financial Services). Over the past 10 years, T.TO returned 12.80%/yr vs 15.54%/yr for BLK. At a 0.20 correlation, their price movements are largely independent.
Performance
T.TO vs. BLK - Performance Comparison
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Different Trading Currencies
T.TO is traded in CAD, while BLK is traded in USD. To make them comparable, the BLK values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, T.TO achieves a -3.54% return, which is significantly lower than BLK's -0.42% return. Over the past 10 years, T.TO has underperformed BLK with an annualized return of 12.80%, while BLK has yielded a comparatively higher 15.54% annualized return.
T.TO
- 1D
- 0.06%
- 1M
- 0.63%
- YTD
- -3.54%
- 6M
- -1.02%
- 1Y
- -17.72%
- 3Y*
- -6.72%
- 5Y*
- -3.61%
- 10Y*
- 12.80%
BLK
- 1D
- 1.81%
- 1M
- -3.14%
- YTD
- -0.42%
- 6M
- -2.71%
- 1Y
- 9.12%
- 3Y*
- 18.87%
- 5Y*
- 8.86%
- 10Y*
- 15.54%
T.TO vs. BLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
T.TO TELUS Corporation | -3.54% | 0.34% | -11.50% | -4.41% | -8.27% | 23.58% | 113.11% | 21.76% | 3.92% | 21.55% |
BLK BlackRock, Inc. | -0.42% | 1.69% | 40.24% | 15.06% | -15.35% | 29.33% | 43.71% | 26.43% | -14.99% | 28.84% |
Correlation
The correlation between T.TO and BLK is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.20 |
The correlation between T.TO and BLK shifts across timeframes, from 0.09 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
T.TO:
CA$25.99B
BLK:
$170.28B
T.TO:
CA$0.60
BLK:
$38.89
T.TO:
27.67
BLK:
26.53
T.TO:
1.26
BLK:
6.46
T.TO:
1.67
BLK:
3.00
T.TO:
CA$20.32B
BLK:
$25.71B
T.TO:
CA$8.88B
BLK:
$15.21B
T.TO:
CA$7.49B
BLK:
$9.79B
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Return for Risk
T.TO vs. BLK — Risk / Return Rank
T.TO
BLK
T.TO vs. BLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TELUS Corporation (T.TO) and BlackRock, Inc. (BLK). 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.
| T.TO | BLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.08 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.37 | -1.09 |
| Martin ratioReturn relative to average drawdown | -1.26 | 0.82 | -2.08 |
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Drawdowns
T.TO vs. BLK - Drawdown Comparison
The maximum T.TO drawdown since its inception was -39.72%, smaller than the maximum BLK drawdown of -52.03%. Use the drawdown chart below to compare losses from any high point for T.TO and BLK.
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Drawdown Indicators
| T.TO | BLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.72% | -52.03% | +12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -24.59% | -24.90% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -25.28% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -38.60% | -38.61% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -38.60% | -38.61% | +0.01% |
Current DrawdownCurrent decline from peak | -35.63% | -13.16% | -22.47% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -11.89% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.06% | 11.21% | +2.85% |
Volatility
T.TO vs. BLK - Volatility Comparison
The current volatility for TELUS Corporation (T.TO) is 3.35%, while BlackRock, Inc. (BLK) has a volatility of 8.83%. This indicates that T.TO experiences smaller price fluctuations and is considered to be less risky than BLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T.TO | BLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 8.83% | -5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 20.45% | -7.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 25.91% | -9.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 27.31% | -10.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.56% | 28.44% | +5.12% |
Dividends
T.TO vs. BLK - Dividend Comparison
T.TO's dividend yield for the trailing twelve months is around 10.05%, more than BLK's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLK BlackRock, Inc. | 2.12% | 1.95% | 1.99% | 2.46% | 2.75% | 1.80% | 2.01% | 2.63% | 3.08% | 1.95% | 2.41% | 2.56% |
T.TO TELUS Corporation | 10.05% | 9.14% | 7.99% | 6.17% | 5.19% | 4.27% | 4.70% | 8.96% | 9.28% | 8.27% | 8.61% | 8.78% |
Financials
T.TO vs. BLK - Financials Comparison
This section allows you to compare key financial metrics between TELUS Corporation and BlackRock, 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
T.TO vs. BLK - Profitability Comparison
T.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported a gross profit of 824.00M and revenue of 4.99B. Therefore, the gross margin over that period was 16.5%.
BLK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a gross profit of 5.51B and revenue of 6.77B. Therefore, the gross margin over that period was 81.4%.
T.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported an operating income of 824.00M and revenue of 4.99B, resulting in an operating margin of 16.5%.
BLK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported an operating income of 2.33B and revenue of 6.77B, resulting in an operating margin of 34.5%.
T.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported a net income of 136.00M and revenue of 4.99B, resulting in a net margin of 2.7%.
BLK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a net income of 2.21B and revenue of 6.77B, resulting in a net margin of 32.7%.
Frequently Asked Questions
T.TO and BLK have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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