TU vs. T

Last updated Jun 23, 2026

TU (TELUS Corporation) and T (AT&T Inc.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, TU returned 2.43%/yr vs 2.37%/yr for T. At a 0.25 correlation, their price movements are largely independent.

Performance

TU vs. T - Performance Comparison

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

Returns By Period

In the year-to-date period, TU achieves a -9.66% return, which is significantly lower than T's -9.05% return. Both investments have delivered pretty close results over the past 10 years, with TU having a 2.43% annualized return and T not far behind at 2.37%.

TU

• 1D: -1.73%
• 1M: -6.89%
• YTD: -9.66%
• 6M: -5.95%
• 1Y: -22.48%
• 3Y*: -9.60%
• 5Y*: -6.99%
• 10Y*: 2.43%

T

• 1D: 0.41%
• 1M: -12.51%
• YTD: -9.05%
• 6M: -7.03%
• 1Y: -16.95%
• 3Y*: 18.94%
• 5Y*: 6.49%
• 10Y*: 2.37%

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

TU vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TU TELUS Corporation	-9.66%	4.99%	-18.39%	-2.40%	-14.32%	24.49%	7.29%	22.32%	-8.23%	25.82%
T AT&T Inc.	-9.05%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between TU and T is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jun 11, 1996	0.25

The correlation between TU and T shifts across timeframes, from 0.25 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS TU : CA$0.60 T : $3.04
PE Ratio TU : 26.65 T : 7.26
PS Ratio TU : 1.21 T : 1.26
Total Revenue (TTM) TU : CA$20.49B T : $125.65B
Gross Profit (TTM) TU : CA$8.67B T : $105.41B
EBITDA (TTM) TU : CA$7.67B T : $54.70B

Return for Risk

TU vs. T — Risk / Return Rank

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

TU

TU Risk / Return Rank: 5
TU Sharpe Ratio Rank: 1
TU Sortino Ratio Rank: 5
TU Omega Ratio Rank: 5
TU Calmar Ratio Rank: 7
TU Martin Ratio Rank: 4

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 10
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 15
T Martin Ratio Rank: 5

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.

TU vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TELUS Corporation (TU) 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.

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	T	Difference
Sharpe ratio: Return per unit of total volatility	-1.29	-0.76	-0.53
Sortino ratio: Return per unit of downside risk	-1.68	-0.99	-0.69
Omega ratio: Gain probability vs. loss probability	0.78	0.89	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.89	-0.72	-0.17
Martin ratio: Return relative to average drawdown	-1.58	-1.54	-0.04

TU vs. T - Sharpe Ratio Comparison

The current TU Sharpe Ratio is -1.29, which is lower than the T Sharpe Ratio of -0.76. The chart below compares the historical Sharpe Ratios of TU and T, 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

TU vs. T - Drawdown Comparison

The maximum TU drawdown since its inception was -88.28%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for TU and T.

Drawdown Indicators

	TU	T	Difference
Max Drawdown Largest peak-to-trough decline	-88.28%	-64.15%	-24.13%
Max Drawdown (1Y) Largest decline over 1 year	-25.42%	-23.57%	-1.85%
Max Drawdown (3Y) Largest decline over 3 years	-27.67%	-23.57%	-4.10%
Max Drawdown (5Y) Largest decline over 5 years	-44.87%	-32.01%	-12.86%
Max Drawdown (10Y) Largest decline over 10 years	-44.87%	-42.35%	-2.52%
Current Drawdown Current decline from peak	-44.87%	-23.26%	-21.61%
Average Drawdown Average peak-to-trough decline	-19.30%	-15.72%	-3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.29%	11.06%	+3.23%

Volatility

TU vs. T - Volatility Comparison

The current volatility for TELUS Corporation (TU) is 4.03%, while AT&T Inc. (T) has a volatility of 7.92%. This indicates that TU experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TU	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	7.92%	-3.89%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	18.08%	-4.27%
Volatility (1Y) Calculated over the trailing 1-year period	17.50%	22.46%	-4.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.69%	24.08%	-5.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.28%	23.77%	-4.49%

Dividends

TU vs. T - Dividend Comparison

TU's dividend yield for the trailing twelve months is around 10.73%, more than T's 5.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
T AT&T Inc.	5.02%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%
TU TELUS Corporation	10.73%	9.01%	8.35%	6.02%	5.39%	4.31%	4.51%	4.37%	5.19%	5.20%	5.78%	6.08%

Financials

Frequently Asked Questions

Can I hold both TU and T in my portfolio?

TU and T have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TU or T?

T has higher volatility (7.92%) compared to TU (4.03%). In terms of maximum drawdown, TU dropped -88.28% vs T's -64.15%.

Which has better risk-adjusted returns?

T currently has the higher Sharpe Ratio (-0.76 vs -1.29), 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.