TMUS vs. AFL

Last updated Jun 9, 2026

TMUS (T-Mobile US, Inc.) and AFL (Aflac Incorporated) are both stocks. TMUS operates in Telecom Services (Communication Services), while AFL operates in Insurance - Life (Financial Services). Over the past 10 years, TMUS returned 16.10%/yr vs 15.48%/yr for AFL. At a 0.33 correlation, their price movements are largely independent.

Performance

TMUS vs. AFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Mobile US, Inc. (TMUS) and Aflac Incorporated (AFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMUS achieves a -11.22% return, which is significantly lower than AFL's 5.61% return. Both investments have delivered pretty close results over the past 10 years, with TMUS having a 16.10% annualized return and AFL not far behind at 15.48%.

TMUS

• 1D: 0.19%
• 1M: -7.35%
• YTD: -11.22%
• 6M: -11.83%
• 1Y: -26.06%
• 3Y*: 12.41%
• 5Y*: 4.85%
• 10Y*: 16.10%

AFL

• 1D: -2.54%
• 1M: 2.42%
• YTD: 5.61%
• 6M: 7.77%
• 1Y: 13.52%
• 3Y*: 21.24%
• 5Y*: 17.94%
• 10Y*: 15.48%

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

TMUS vs. AFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TMUS T-Mobile US, Inc.	-11.22%	-6.58%	39.70%	15.02%	20.71%	-13.99%	71.96%	23.28%	0.16%	10.43%
AFL Aflac Incorporated	5.61%	8.94%	28.08%	17.36%	26.41%	34.55%	-13.60%	18.55%	6.20%	29.02%

Correlation

The correlation between TMUS and AFL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Apr 20, 2007	0.33

The correlation between TMUS and AFL shifts across timeframes, from 0.21 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TMUS : $196.64B AFL : $59.32B
EPS TMUS : $9.41 AFL : $8.76
PE Ratio TMUS : 18.96 AFL : 13.16
PEG Ratio TMUS : 0.29 AFL : 3.41
PS Ratio TMUS : 2.21 AFL : 3.35
PB Ratio TMUS : 3.52 AFL : 2.64
Total Revenue (TTM) TMUS : $90.53B AFL : $18.22B
Gross Profit (TTM) TMUS : $34.92B AFL : $8.70B
EBITDA (TTM) TMUS : $28.22B AFL : $6.67B

Return for Risk

TMUS vs. AFL — Risk / Return Rank

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

TMUS

TMUS Risk / Return Rank: 6
TMUS Sharpe Ratio Rank: 4
TMUS Sortino Ratio Rank: 6
TMUS Omega Ratio Rank: 8
TMUS Calmar Ratio Rank: 8
TMUS Martin Ratio Rank: 6

AFL

AFL Risk / Return Rank: 65
AFL Sharpe Ratio Rank: 68
AFL Sortino Ratio Rank: 61
AFL Omega Ratio Rank: 58
AFL Calmar Ratio Rank: 70
AFL Martin Ratio Rank: 71

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.

TMUS vs. AFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Mobile US, Inc. (TMUS) and Aflac Incorporated (AFL). 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.

	TMUS	AFL	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	0.80	-1.84
Sortino ratio: Return per unit of downside risk	-1.49	1.23	-2.72
Omega ratio: Gain probability vs. loss probability	0.83	1.14	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.86	1.49	-2.35
Martin ratio: Return relative to average drawdown	-1.49	3.70	-5.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMUS vs. AFL - Sharpe Ratio Comparison

The current TMUS Sharpe Ratio is -1.05, which is lower than the AFL Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of TMUS and AFL, 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

	TMUS	AFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.05	0.80	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.86	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.60	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.48	-0.28

Drawdowns

TMUS vs. AFL - Drawdown Comparison

The maximum TMUS drawdown since its inception was -86.29%, roughly equal to the maximum AFL drawdown of -82.71%. Use the drawdown chart below to compare losses from any high point for TMUS and AFL.

Drawdown Indicators

	TMUS	AFL	Difference
Max Drawdown Largest peak-to-trough decline	-86.29%	-82.71%	-3.58%
Max Drawdown (1Y) Largest decline over 1 year	-30.37%	-9.11%	-21.26%
Max Drawdown (3Y) Largest decline over 3 years	-33.65%	-13.56%	-20.09%
Max Drawdown (5Y) Largest decline over 5 years	-33.65%	-19.86%	-13.79%
Max Drawdown (10Y) Largest decline over 10 years	-33.65%	-54.89%	+21.24%
Current Drawdown Current decline from peak	-33.12%	-2.54%	-30.58%
Average Drawdown Average peak-to-trough decline	-25.96%	-11.66%	-14.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.64%	3.67%	+13.97%

Volatility

TMUS vs. AFL - Volatility Comparison

T-Mobile US, Inc. (TMUS) has a higher volatility of 6.91% compared to Aflac Incorporated (AFL) at 5.82%. This indicates that TMUS's price experiences larger fluctuations and is considered to be riskier than AFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMUS	AFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	5.82%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	19.14%	12.24%	+6.90%
Volatility (1Y) Calculated over the trailing 1-year period	25.04%	17.08%	+7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.86%	20.94%	+2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.08%	25.77%	+0.31%

Dividends

TMUS vs. AFL - Dividend Comparison

TMUS's dividend yield for the trailing twelve months is around 2.21%, more than AFL's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFL Aflac Incorporated	2.07%	2.10%	1.93%	2.04%	2.22%	2.26%	2.52%	2.04%	2.28%	1.98%	2.39%	2.64%
TMUS T-Mobile US, Inc.	2.21%	1.80%	1.28%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

TMUS vs. AFL - Profitability Comparison

The chart below illustrates the profitability comparison between T-Mobile US, Inc. and Aflac Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TMUS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, T-Mobile US, Inc. reported a gross profit of 0.00 and revenue of 23.11B. Therefore, the gross margin over that period was 0.0%.

AFL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aflac Incorporated reported a gross profit of 2.48B and revenue of 4.32B. Therefore, the gross margin over that period was 57.5%.

TMUS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, T-Mobile US, Inc. reported an operating income of 4.50B and revenue of 23.11B, resulting in an operating margin of 19.5%.

AFL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aflac Incorporated reported an operating income of 1.23B and revenue of 4.32B, resulting in an operating margin of 28.4%.

TMUS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, T-Mobile US, Inc. reported a net income of 2.50B and revenue of 23.11B, resulting in a net margin of 10.8%.

AFL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aflac Incorporated reported a net income of 1.02B and revenue of 4.32B, resulting in a net margin of 23.6%.

Frequently Asked Questions

Can I hold both TMUS and AFL in my portfolio?

TMUS and AFL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMUS or AFL?

TMUS has higher volatility (6.91%) compared to AFL (5.82%). In terms of maximum drawdown, TMUS dropped -86.29% vs AFL's -82.71%.

Which has better risk-adjusted returns?

AFL currently has the higher Sharpe Ratio (0.80 vs -1.05), 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.