TBB vs. VZ

Last updated Jun 4, 2026

TBB (AT&T Inc. 5.35% GLB NTS 66) and VZ (Verizon Communications Inc.) are both stocks. Over the past 5 years, TBB returned 0.64%/yr vs 2.11%/yr for VZ. At a 0.13 correlation, their price movements are largely independent.

Performance

TBB vs. VZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. 5.35% GLB NTS 66 (TBB) and Verizon Communications Inc. (VZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TBB achieves a -3.94% return, which is significantly lower than VZ's 18.27% return.

TBB

• 1D: -1.00%
• 1M: -3.84%
• YTD: -3.94%
• 6M: -4.62%
• 1Y: 0.53%
• 3Y*: 0.95%
• 5Y*: 0.64%
• 10Y*: —

VZ

• 1D: -2.55%
• 1M: -1.93%
• YTD: 18.27%
• 6M: 18.45%
• 1Y: 13.60%
• 3Y*: 18.19%
• 5Y*: 2.11%
• 10Y*: 4.53%

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

TBB vs. VZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TBB AT&T Inc. 5.35% GLB NTS 66	-3.94%	-3.34%	10.14%	14.65%	-12.18%	-0.72%	7.21%	26.60%	-9.95%	3.33%
VZ Verizon Communications Inc.	18.27%	8.86%	13.14%	2.71%	-20.02%	-7.55%	-0.13%	13.83%	11.26%	16.25%

Correlation

The correlation between TBB and VZ is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017	0.13

The correlation between TBB and VZ shifts across timeframes, from -0.04 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS TBB : $3.04 VZ : $4.10
PE Ratio TBB : 6.82 VZ : 11.37
PS Ratio TBB : 1.19 VZ : 1.42
Total Revenue (TTM) TBB : $125.65B VZ : $139.15B
Gross Profit (TTM) TBB : $105.41B VZ : $81.89B
EBITDA (TTM) TBB : $54.70B VZ : $48.65B

Return for Risk

TBB vs. VZ — Risk / Return Rank

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

TBB

TBB Risk / Return Rank: 38
TBB Sharpe Ratio Rank: 43
TBB Sortino Ratio Rank: 33
TBB Omega Ratio Rank: 33
TBB Calmar Ratio Rank: 41
TBB Martin Ratio Rank: 42

VZ

VZ Risk / Return Rank: 59
VZ Sharpe Ratio Rank: 61
VZ Sortino Ratio Rank: 57
VZ Omega Ratio Rank: 55
VZ Calmar Ratio Rank: 61
VZ Martin Ratio Rank: 61

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.

TBB vs. VZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. 5.35% GLB NTS 66 (TBB) and Verizon Communications Inc. (VZ). 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.

	TBB	VZ	Difference
Sharpe ratio: Return per unit of total volatility	0.06	0.61	-0.55
Sortino ratio: Return per unit of downside risk	0.16	1.17	-1.01
Omega ratio: Gain probability vs. loss probability	1.02	1.14	-0.12
Calmar ratio: Return relative to maximum drawdown	0.05	1.03	-0.97
Martin ratio: Return relative to average drawdown	0.11	2.22	-2.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBB vs. VZ - Sharpe Ratio Comparison

The current TBB Sharpe Ratio is 0.06, which is lower than the VZ Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of TBB and VZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TBB	VZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	0.61	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.10	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.23	+0.05

Drawdowns

TBB vs. VZ - Drawdown Comparison

The maximum TBB drawdown since its inception was -16.09%, smaller than the maximum VZ drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for TBB and VZ.

Drawdown Indicators

	TBB	VZ	Difference
Max Drawdown Largest peak-to-trough decline	-16.09%	-50.66%	+34.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-13.32%	+3.42%
Max Drawdown (3Y) Largest decline over 3 years	-12.94%	-14.93%	+1.99%
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	-38.38%	+22.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.21%	—
Current Drawdown Current decline from peak	-9.90%	-7.84%	-2.06%
Average Drawdown Average peak-to-trough decline	-3.28%	-14.75%	+11.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	6.13%	-1.43%

Volatility

TBB vs. VZ - Volatility Comparison

The current volatility for AT&T Inc. 5.35% GLB NTS 66 (TBB) is 1.80%, while Verizon Communications Inc. (VZ) has a volatility of 4.69%. This indicates that TBB experiences smaller price fluctuations and is considered to be less risky than VZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBB	VZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	4.69%	-2.89%
Volatility (6M) Calculated over the trailing 6-month period	5.06%	17.48%	-12.42%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	22.27%	-13.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	21.54%	-10.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.95%	20.31%	-9.36%

Dividends

TBB vs. VZ - Dividend Comparison

TBB's dividend yield for the trailing twelve months is around 6.44%, more than VZ's 5.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TBB AT&T Inc. 5.35% GLB NTS 66	6.44%	6.01%	5.48%	5.70%	6.17%	5.13%	3.63%	4.99%	6.07%	0.00%	0.00%	0.00%
VZ Verizon Communications Inc.	5.93%	6.68%	6.68%	6.96%	6.53%	4.85%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%

Financials

Frequently Asked Questions

Can I hold both TBB and VZ in my portfolio?

TBB and VZ have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TBB or VZ?

VZ has higher volatility (4.69%) compared to TBB (1.80%). In terms of maximum drawdown, TBB dropped -16.09% vs VZ's -50.66%.

Which has better risk-adjusted returns?

VZ currently has the higher Sharpe Ratio (0.61 vs 0.06), 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.