TU vs. T

Last updated Jul 14, 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 1.14%/yr vs 1.81%/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 -16.04% return, which is significantly lower than T's -10.13% return. Over the past 10 years, TU has underperformed T with an annualized return of 1.14%, while T has yielded a comparatively higher 1.81% annualized return.

TU

• 1D: 1.15%
• 1M: -11.28%
• 6M: -17.91%
• YTD: -16.04%
• 1Y: -30.05%
• 3Y*: -10.44%
• 5Y*: -8.41%
• 10Y*: 1.14%

T

• 1D: 1.99%
• 1M: -7.39%
• 6M: -7.05%
• YTD: -10.13%
• 1Y: -16.34%
• 3Y*: 20.29%
• 5Y*: 6.14%
• 10Y*: 1.81%

*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	-16.04%	4.99%	-18.39%	-2.40%	-14.32%	24.49%	7.29%	22.32%	-8.23%	25.82%
T AT&T Inc.	-10.13%	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 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.37
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 0.39 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TU : $16.46B T : $149.84B
EPS TU : CA$0.60 T : $3.05
PE Ratio TU : 24.89 T : 7.06
PS Ratio TU : 1.13 T : 1.23
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: 3
TU Sharpe Ratio Rank: 0
TU Sortino Ratio Rank: 2
TU Omega Ratio Rank: 2
TU Calmar Ratio Rank: 7
TU Martin Ratio Rank: 2

T

T Risk / Return Rank: 16
T Sharpe Ratio Rank: 14
T Sortino Ratio Rank: 15
T Omega Ratio Rank: 16
T Calmar Ratio Rank: 24
T Martin Ratio Rank: 12

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	-1.66	-0.70	-0.96
Sortino ratio: Return per unit of downside risk	-2.25	-0.87	-1.38
Omega ratio: Gain probability vs. loss probability	0.72	0.90	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.91	-0.57	-0.35
Martin ratio: Return relative to average drawdown	-1.89	-1.31	-0.58

TU vs. T - Sharpe Ratio Comparison

The current TU Sharpe Ratio is -1.66, which is lower than the T Sharpe Ratio of -0.70. 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	-32.98%	-28.89%	-4.09%
Max Drawdown (3Y) Largest decline over 3 years	-33.73%	-28.89%	-4.84%
Max Drawdown (5Y) Largest decline over 5 years	-50.46%	-32.01%	-18.45%
Max Drawdown (10Y) Largest decline over 10 years	-50.46%	-42.35%	-8.11%
Current Drawdown Current decline from peak	-48.75%	-24.17%	-24.58%
Average Drawdown Average peak-to-trough decline	-19.36%	-15.73%	-3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.94%	12.52%	+3.42%

Volatility

TU vs. T - Volatility Comparison

The current volatility for TELUS Corporation (TU) is 6.22%, while AT&T Inc. (T) has a volatility of 10.00%. 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	6.22%	10.00%	-3.78%
Volatility (6M) Calculated over the trailing 6-month period	14.80%	19.81%	-5.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.22%	23.52%	-5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.85%	24.36%	-5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	23.90%	-4.58%

Dividends

TU vs. T - Dividend Comparison

TU's dividend yield for the trailing twelve months is around 11.55%, more than T's 5.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
T AT&T Inc.	5.15%	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	11.55%	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 0.31, 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 (10.00%) compared to TU (6.22%). 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 (-0.70 vs -1.66), 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.