T vs. L
T (AT&T Inc.) and L (Loews Corporation) are both stocks. T operates in Telecom Services (Communication Services), while L operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, T returned 2.10%/yr vs 11.36%/yr for L. At a 0.35 correlation, their price movements are largely independent.
Performance
T vs. L - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -7.04% return, which is significantly lower than L's 8.94% return. Over the past 10 years, T has underperformed L with an annualized return of 2.10%, while L has yielded a comparatively higher 11.36% annualized return.
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%
L
- 1D
- 0.12%
- 1M
- 6.81%
- 6M
- 11.93%
- YTD
- 8.94%
- 1Y
- 24.34%
- 3Y*
- 23.42%
- 5Y*
- 16.60%
- 10Y*
- 11.36%
- ALL TIME*
- 8.90%
T vs. L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | -7.04% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
L Loews Corporation | 8.94% | 24.68% | 22.09% | 19.78% | 1.41% | 28.89% | -13.69% | 15.89% | -8.56% | 8.56% |
Correlation
The correlation between T and L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 1987 | 0.35 |
The correlation between T and L shifts across timeframes, from 0.22 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
T:
$152.52B
L:
$23.58B
T:
$3.05
L:
$8.98
T:
7.19
L:
12.77
T:
0.30
L:
0.75
T:
1.25
L:
1.30
T:
$125.65B
L:
$18.29B
T:
$105.41B
L:
$8.42B
T:
$54.70B
L:
$2.64B
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Return for Risk
T vs. L — Risk / Return Rank
T
L
T vs. L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and Loews Corporation (L). 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 | L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.27 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 3.06 | -3.52 |
| Martin ratioReturn relative to average drawdown | -1.03 | 7.70 | -8.73 |
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Drawdowns
T vs. L - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, roughly equal to the maximum L drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for T and L.
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Drawdown Indicators
| T | L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -65.58% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -7.99% | -20.90% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -12.16% | -16.73% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -26.11% | -5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | -48.53% | +6.18% |
Current DrawdownCurrent decline from peak | -21.57% | -2.02% | -19.55% |
Average DrawdownAverage peak-to-trough decline | -15.74% | -16.70% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.94% | 3.18% | +9.76% |
Volatility
T vs. L - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 9.59% compared to Loews Corporation (L) at 5.43%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T | L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 5.43% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 19.91% | 12.97% | +6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 16.32% | +7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.38% | 19.34% | +5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.92% | 25.61% | -1.69% |
Dividends
T vs. L - Dividend Comparison
T's dividend yield for the trailing twelve months is around 6.58%, more than L's 0.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
L Loews Corporation | 0.22% | 0.24% | 0.30% | 0.36% | 0.43% | 0.43% | 0.56% | 0.48% | 0.55% | 1.58% | 0.53% | 0.65% |
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
T vs. L - Financials Comparison
This section allows you to compare key financial metrics between AT&T Inc. and Loews Corporation. 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
T and L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (9.59%) compared to L (5.43%). In terms of maximum drawdown, T dropped -64.15% vs L's -65.58%.
L currently has the higher Sharpe Ratio (1.50 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.
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