TU vs. VZ

Last updated Jun 24, 2026

TU (TELUS Corporation) and VZ (Verizon Communications Inc.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, TU returned 2.56%/yr vs 3.86%/yr for VZ. At a 0.28 correlation, their price movements are largely independent.

Performance

TU vs. VZ - Performance Comparison

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

Returns By Period

In the year-to-date period, TU achieves a -8.47% return, which is significantly lower than VZ's 18.48% return. Over the past 10 years, TU has underperformed VZ with an annualized return of 2.56%, while VZ has yielded a comparatively higher 3.86% annualized return.

TU

• 1D: 1.32%
• 1M: -5.65%
• YTD: -8.47%
• 6M: -5.31%
• 1Y: -22.38%
• 3Y*: -9.21%
• 5Y*: -6.69%
• 10Y*: 2.56%

VZ

• 1D: 3.02%
• 1M: -3.35%
• YTD: 18.48%
• 6M: 20.88%
• 1Y: 17.75%
• 3Y*: 17.22%
• 5Y*: 2.48%
• 10Y*: 3.86%

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

TU vs. VZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TU TELUS Corporation	-8.47%	4.99%	-18.39%	-2.40%	-14.32%	24.49%	7.29%	22.32%	-8.23%	25.82%
VZ Verizon Communications Inc.	18.48%	8.86%	13.14%	2.71%	-20.02%	-7.55%	-0.13%	13.83%	11.26%	3.97%

Correlation

The correlation between TU and VZ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.37
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 Jul 3, 2000	0.28

The correlation between TU and VZ shifts across timeframes, from 0.28 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TU : $17.95B VZ : $196.73B
EPS TU : CA$0.60 VZ : $4.10
PE Ratio TU : 26.99 VZ : 11.39
PS Ratio TU : 1.22 VZ : 1.42
PB Ratio TU : 1.63 VZ : 1.90
Total Revenue (TTM) TU : CA$20.49B VZ : $139.15B
Gross Profit (TTM) TU : CA$8.67B VZ : $81.89B
EBITDA (TTM) TU : CA$7.67B VZ : $48.65B

Return for Risk

TU vs. VZ — 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: 2
TU Sortino Ratio Rank: 5
TU Omega Ratio Rank: 5
TU Calmar Ratio Rank: 8
TU Martin Ratio Rank: 5

VZ

VZ Risk / Return Rank: 66
VZ Sharpe Ratio Rank: 67
VZ Sortino Ratio Rank: 64
VZ Omega Ratio Rank: 62
VZ Calmar Ratio Rank: 68
VZ Martin Ratio Rank: 67

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. VZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TELUS Corporation (TU) and Verizon Communications Inc. (VZ). 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	VZ	Difference
Sharpe ratio: Return per unit of total volatility	-1.28	0.77	-2.06
Sortino ratio: Return per unit of downside risk	-1.67	1.40	-3.07
Omega ratio: Gain probability vs. loss probability	0.79	1.17	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.88	1.34	-2.22
Martin ratio: Return relative to average drawdown	-1.56	2.80	-4.36

TU vs. VZ - Sharpe Ratio Comparison

The current TU Sharpe Ratio is -1.28, which is lower than the VZ Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of TU and VZ, 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. VZ - Drawdown Comparison

The maximum TU drawdown since its inception was -88.28%, which is greater than VZ's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for TU and VZ.

Drawdown Indicators

	TU	VZ	Difference
Max Drawdown Largest peak-to-trough decline	-88.28%	-50.66%	-37.62%
Max Drawdown (1Y) Largest decline over 1 year	-25.42%	-13.32%	-12.10%
Max Drawdown (3Y) Largest decline over 3 years	-27.67%	-14.93%	-12.74%
Max Drawdown (5Y) Largest decline over 5 years	-44.87%	-38.38%	-6.49%
Max Drawdown (10Y) Largest decline over 10 years	-44.87%	-41.21%	-3.66%
Current Drawdown Current decline from peak	-44.14%	-7.68%	-36.46%
Average Drawdown Average peak-to-trough decline	-19.31%	-14.82%	-4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.38%	6.36%	+8.02%

Volatility

TU vs. VZ - Volatility Comparison

The current volatility for TELUS Corporation (TU) is 4.34%, while Verizon Communications Inc. (VZ) has a volatility of 7.62%. This indicates that TU experiences smaller price fluctuations and is considered to be less risky than VZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TU	VZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	7.62%	-3.28%
Volatility (6M) Calculated over the trailing 6-month period	13.87%	18.34%	-4.47%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	23.06%	-5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.69%	21.75%	-3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	20.41%	-1.15%

Dividends

TU vs. VZ - Dividend Comparison

TU's dividend yield for the trailing twelve months is around 10.59%, more than VZ's 5.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TU TELUS Corporation	10.59%	9.01%	8.35%	6.02%	5.39%	4.31%	4.51%	4.37%	5.19%	5.20%	5.78%	6.08%
VZ Verizon Communications Inc.	5.92%	6.68%	6.68%	6.96%	6.53%	4.85%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%

Financials

TU vs. VZ - Profitability Comparison

The chart below illustrates the profitability comparison between TELUS Corporation and Verizon Communications Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported a gross profit of 826.13M and revenue of 5.00B. Therefore, the gross margin over that period was 16.5%.

VZ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Verizon Communications Inc. reported a gross profit of 20.77B and revenue of 34.44B. Therefore, the gross margin over that period was 60.3%.

TU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported an operating income of 826.13M and revenue of 5.00B, resulting in an operating margin of 16.5%.

VZ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Verizon Communications Inc. reported an operating income of 8.24B and revenue of 34.44B, resulting in an operating margin of 23.9%.

TU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported a net income of 136.35M and revenue of 5.00B, resulting in a net margin of 2.7%.

VZ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Verizon Communications Inc. reported a net income of 5.05B and revenue of 34.44B, resulting in a net margin of 14.7%.

Frequently Asked Questions

Can I hold both TU and VZ in my portfolio?

TU and VZ have a correlation of 0.34, 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 VZ?

VZ has higher volatility (7.62%) compared to TU (4.34%). In terms of maximum drawdown, TU dropped -88.28% vs VZ's -50.66%.

Which has better risk-adjusted returns?

VZ currently has the higher Sharpe Ratio (0.77 vs -1.28), 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.