T vs. WMT

Last updated Jul 21, 2026

T (AT&T Inc.) and WMT (Walmart Inc.) are both stocks. T operates in Telecom Services (Communication Services), while WMT operates in Discount Stores (Consumer Defensive). Over the past 10 years, T returned 2.10%/yr vs 18.44%/yr for WMT. At a 0.32 correlation, their price movements are largely independent.

Performance

T vs. WMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. (T) and Walmart Inc. (WMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, T achieves a -7.04% return, which is significantly lower than WMT's 1.11% return. Over the past 10 years, T has underperformed WMT with an annualized return of 2.10%, while WMT has yielded a comparatively higher 18.44% 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%

WMT

• 1D: -1.79%
• 1M: -4.25%
• 6M: -5.89%
• YTD: 1.11%
• 1Y: 19.03%
• 3Y*: 29.98%
• 5Y*: 20.51%
• 10Y*: 18.44%
• ALL TIME*: 18.39%

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

T vs. WMT - 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%
WMT Walmart Inc.	1.11%	24.49%	73.99%	12.88%	-0.46%	1.97%	23.32%	30.16%	-3.43%	46.56%

Correlation

The correlation between T and WMT 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	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984	0.32

The correlation between T and WMT shifts across timeframes, from 0.22 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap T : $152.52B WMT : $892.90B
EPS T : $3.05 WMT : $2.88
PE Ratio T : 7.19 WMT : 38.97
PEG Ratio T : 0.30 WMT : 2.54
PS Ratio T : 1.25 WMT : 1.24
Total Revenue (TTM) T : $125.65B WMT : $725.31B
Gross Profit (TTM) T : $105.41B WMT : $181.16B
EBITDA (TTM) T : $54.70B WMT : $44.32B

Return for Risk

T vs. WMT — Risk / Return Rank

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

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

WMT

WMT Risk / Return Rank: 68
WMT Sharpe Ratio Rank: 71
WMT Sortino Ratio Rank: 65
WMT Omega Ratio Rank: 64
WMT Calmar Ratio Rank: 67
WMT Martin Ratio Rank: 70

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.

T vs. WMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and Walmart Inc. (WMT). 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	WMT	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	0.78	-1.35
Sortino ratio: Return per unit of downside risk	-0.67	1.24	-1.91
Omega ratio: Gain probability vs. loss probability	0.92	1.16	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.46	1.01	-1.48
Martin ratio: Return relative to average drawdown	-1.03	2.88	-3.91

T vs. WMT - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.57, which is lower than the WMT Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of T and WMT, 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

T vs. WMT - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for T and WMT.

Drawdown Indicators

	T	WMT	Difference
Max Drawdown Largest peak-to-trough decline	-64.15%	-77.14%	+12.99%
Max Drawdown (1Y) Largest decline over 1 year	-28.89%	-18.91%	-9.98%
Max Drawdown (3Y) Largest decline over 3 years	-28.89%	-21.93%	-6.96%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-25.74%	-6.27%
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	-25.74%	-16.61%
Current Drawdown Current decline from peak	-21.57%	-16.39%	-5.18%
Average Drawdown Average peak-to-trough decline	-15.74%	-14.63%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.94%	6.63%	+6.31%

Volatility

T vs. WMT - Volatility Comparison

AT&T Inc. (T) has a higher volatility of 9.59% compared to Walmart Inc. (WMT) at 7.51%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	T	WMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	7.51%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	19.91%	19.19%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	23.72%	24.48%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.38%	21.88%	+2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.92%	21.87%	+2.05%

Dividends

T vs. WMT - Dividend Comparison

T's dividend yield for the trailing twelve months is around 6.58%, more than WMT's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WMT Walmart Inc.	0.86%	0.84%	0.92%	1.45%	1.58%	1.52%	1.50%	1.78%	2.23%	2.07%	2.89%	3.20%

Financials

Frequently Asked Questions

Can I hold both T and WMT in my portfolio?

T and WMT 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.

Which is riskier, T or WMT?

T has higher volatility (9.59%) compared to WMT (7.51%). In terms of maximum drawdown, T dropped -64.15% vs WMT's -77.14%.

Which has better risk-adjusted returns?

WMT currently has the higher Sharpe Ratio (0.78 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.