TBC vs. T

Last updated Jun 4, 2026

TBC (AT&T Inc. 5.625% Global Notes d) and T (AT&T Inc.) are both stocks. At a 0.19 correlation, their price movements are largely independent.

Performance

TBC vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. 5.625% Global Notes d (TBC) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TBC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

T

• 1D: -4.42%
• 1M: -9.77%
• YTD: -3.08%
• 6M: -4.92%
• 1Y: -12.10%
• 3Y*: 22.12%
• 5Y*: 7.39%
• 10Y*: 3.62%

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

TBC vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TBC AT&T Inc. 5.625% Global Notes d	0.00%	0.00%	6.59%	15.83%	-11.61%	1.65%	7.53%	25.45%	-5.41%
T AT&T Inc.	-3.08%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-10.49%

Correlation

The correlation between TBC and T is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018	0.19

Fundamentals

EPS TBC : $3.05 T : $3.04
PE Ratio TBC : 8.20 T : 7.73
PEG Ratio TBC : 0.33 T : 0.32
PS Ratio TBC : 1.43 T : 1.35
Total Revenue (TTM) TBC : $125.65B T : $125.65B
Gross Profit (TTM) TBC : $100.22B T : $105.41B
EBITDA (TTM) TBC : $36.14B T : $54.70B

Return for Risk

TBC vs. T — Risk / Return Rank

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

T

T Risk / Return Rank: 17
T Sharpe Ratio Rank: 17
T Sortino Ratio Rank: 16
T Omega Ratio Rank: 17
T Calmar Ratio Rank: 19
T Martin Ratio Rank: 14

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.

TBC vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. 5.625% Global Notes d (TBC) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TBC	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.56	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.38	—

Drawdowns

Drawdown Indicators

	TBC	T	Difference
Max Drawdown Largest peak-to-trough decline	—	-64.15%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-20.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.35%	—
Current Drawdown Current decline from peak	—	-18.23%	—
Average Drawdown Average peak-to-trough decline	—	-15.72%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.08%	—

Volatility

Volatility by Period

	TBC	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	21.86%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.92%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.69%	—

Dividends

TBC vs. T - Dividend Comparison

TBC has not paid dividends to shareholders, while T's dividend yield for the trailing twelve months is around 4.71%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TBC AT&T Inc. 5.625% Global Notes d	0.00%	0.00%	5.63%	5.68%	6.20%	5.18%	5.00%	5.11%	1.52%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both TBC and T in my portfolio?

TBC and T have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.