TU vs. SPY
TU (TELUS Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, TU returned 0.29%/yr vs 15.07%/yr for SPY. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
TU vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, TU achieves a -23.84% return, which is significantly lower than SPY's 10.13% return. Over the past 10 years, TU has underperformed SPY with an annualized return of 0.29%, while SPY has yielded a comparatively higher 15.07% annualized return.
TU
- 1D
- -11.23%
- 1M
- -6.18%
- 6M
- -28.15%
- YTD
- -23.84%
- 1Y
- -32.98%
- 3Y*
- -12.26%
- 5Y*
- -9.95%
- 10Y*
- 0.29%
- ALL TIME*
- 8.52%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.27B | $35.99B | $39.23B | |
| $103.86M | $83.58M | $74.39M |
TU vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TU TELUS Corporation | -23.84% | 4.99% | -18.39% | -2.40% | -14.32% | 24.49% | 7.29% | 22.32% | -8.23% | 25.82% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between TU and SPY is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 1996 | 0.32 |
Over the past year, the correlation between TU and SPY has dropped to 0.06 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
TU vs. SPY — Risk / Return Rank
TU
SPY
TU vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TELUS Corporation (TU) and State Street SPDR S&P 500 ETF (SPY). 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.
| TU | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.27 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.20 | -3.15 |
| Martin ratioReturn relative to average drawdown | -2.01 | 9.40 | -11.41 |
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Drawdowns
TU vs. SPY - Drawdown Comparison
The maximum TU drawdown since its inception was -88.28%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TU and SPY.
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Drawdown Indicators
| TU | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.28% | -55.19% | -33.09% |
Max Drawdown (1Y)Largest decline over 1 year | -37.01% | -8.88% | -28.13% |
Max Drawdown (3Y)Largest decline over 3 years | -37.83% | -18.76% | -19.07% |
Max Drawdown (5Y)Largest decline over 5 years | -53.52% | -24.50% | -29.02% |
Max Drawdown (10Y)Largest decline over 10 years | -53.52% | -33.72% | -19.80% |
Current DrawdownCurrent decline from peak | -53.52% | -1.40% | -52.12% |
Average DrawdownAverage peak-to-trough decline | -19.41% | -9.01% | -10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.46% | 2.08% | +15.38% |
Volatility
TU vs. SPY - Volatility Comparison
TELUS Corporation (TU) has a higher volatility of 14.53% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that TU's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TU | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.53% | 3.58% | +10.95% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 10.14% | +9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.27% | 12.89% | +9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 17.18% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 17.95% | +1.80% |
Dividends
TU vs. SPY - Dividend Comparison
TU's dividend yield for the trailing twelve months is around 12.73%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
TU TELUS Corporation | 12.73% | 9.01% | 8.35% | 6.02% | 5.39% | 4.31% | 4.51% | 4.37% | 5.19% | 5.20% | 5.78% | 6.08% |
Frequently Asked Questions
TU and SPY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TU has higher volatility (14.53%) compared to SPY (3.58%). In terms of maximum drawdown, TU dropped -88.28% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -1.58), 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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