TXN vs. T

Last updated Jul 21, 2026

TXN (Texas Instruments Incorporated) and T (AT&T Inc.) are both stocks. TXN operates in Semiconductors (Technology), while T operates in Telecom Services (Communication Services). Over the past 10 years, TXN returned 19.02%/yr vs 2.10%/yr for T. At a 0.24 correlation, their price movements are largely independent.

Performance

TXN vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Instruments Incorporated (TXN) 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, TXN achieves a 65.64% return, which is significantly higher than T's -7.04% return. Over the past 10 years, TXN has outperformed T with an annualized return of 19.02%, while T has yielded a comparatively lower 2.10% annualized return.

TXN

• 1D: 0.02%
• 1M: -12.01%
• 6M: 50.00%
• YTD: 65.64%
• 1Y: 34.82%
• 3Y*: 18.94%
• 5Y*: 11.01%
• 10Y*: 19.02%
• ALL TIME*: 11.26%

T

• 1D: 0.64%
• 1M: 2.62%
• 6M: -2.84%
• YTD: -7.04%
• 1Y: -13.37%
• 3Y*: 20.93%
• 5Y*: 7.13%
• 10Y*: 2.10%
• ALL TIME*: 9.35%

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

TXN vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TXN Texas Instruments Incorporated	65.64%	-4.47%	13.14%	6.41%	-9.86%	17.53%	31.70%	39.56%	-7.17%	46.75%
T AT&T Inc.	-7.04%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between TXN and T is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984	0.24

The correlation between TXN and T shifts across timeframes, from -0.10 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TXN : $258.53B T : $152.52B
EPS TXN : $5.87 T : $3.05
PE Ratio TXN : 48.36 T : 7.19
PS Ratio TXN : 14.08 T : 1.25
Total Revenue (TTM) TXN : $18.44B T : $125.65B
Gross Profit (TTM) TXN : $10.57B T : $105.41B
EBITDA (TTM) TXN : $8.21B T : $54.70B

Return for Risk

TXN vs. T — Risk / Return Rank

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

TXN

TXN Risk / Return Rank: 70
TXN Sharpe Ratio Rank: 71
TXN Sortino Ratio Rank: 69
TXN Omega Ratio Rank: 70
TXN Calmar Ratio Rank: 71
TXN Martin Ratio Rank: 69

T

T Risk / Return Rank: 22
T Sharpe Ratio Rank: 19
T Sortino Ratio Rank: 19
T Omega Ratio Rank: 20
T Calmar Ratio Rank: 29
T Martin Ratio Rank: 23

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.

TXN vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Instruments Incorporated (TXN) 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.

	TXN	T	Difference
Sharpe ratio: Return per unit of total volatility	0.80	-0.57	+1.37
Sortino ratio: Return per unit of downside risk	1.43	-0.67	+2.09
Omega ratio: Gain probability vs. loss probability	1.19	0.92	+0.27
Calmar ratio: Return relative to maximum drawdown	1.27	-0.46	+1.74
Martin ratio: Return relative to average drawdown	2.68	-1.03	+3.72

TXN vs. T - Sharpe Ratio Comparison

The current TXN Sharpe Ratio is 0.80, which is higher than the T Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of TXN 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

TXN vs. T - Drawdown Comparison

The maximum TXN drawdown since its inception was -85.81%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for TXN and T.

Drawdown Indicators

	TXN	T	Difference
Max Drawdown Largest peak-to-trough decline	-85.81%	-64.15%	-21.66%
Max Drawdown (1Y) Largest decline over 1 year	-27.50%	-28.89%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-33.41%	-28.89%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-33.41%	-32.01%	-1.40%
Max Drawdown (10Y) Largest decline over 10 years	-33.41%	-42.35%	+8.94%
Current Drawdown Current decline from peak	-14.51%	-21.57%	+7.06%
Average Drawdown Average peak-to-trough decline	-34.74%	-15.74%	-19.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.41%	12.94%	+0.47%

Volatility

TXN vs. T - Volatility Comparison

Texas Instruments Incorporated (TXN) has a higher volatility of 18.26% compared to AT&T Inc. (T) at 9.59%. This indicates that TXN's price experiences larger fluctuations and is considered to be riskier than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXN	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.26%	9.59%	+8.67%
Volatility (6M) Calculated over the trailing 6-month period	35.10%	19.91%	+15.19%
Volatility (1Y) Calculated over the trailing 1-year period	43.85%	23.72%	+20.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.39%	24.38%	+9.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.64%	23.92%	+7.72%

Dividends

TXN vs. T - Dividend Comparison

TXN's dividend yield for the trailing twelve months is around 1.98%, less than T's 6.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
T AT&T Inc.	6.58%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%
TXN Texas Instruments Incorporated	1.98%	3.17%	2.81%	2.94%	2.84%	2.23%	2.27%	2.50%	2.78%	2.03%	2.25%	2.55%

Financials

Frequently Asked Questions

Can I hold both TXN and T in my portfolio?

TXN and T have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TXN or T?

TXN has higher volatility (18.26%) compared to T (9.59%). In terms of maximum drawdown, TXN dropped -85.81% vs T's -64.15%.

Which has better risk-adjusted returns?

TXN currently has the higher Sharpe Ratio (0.80 vs -0.57), 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.