UL vs. T

Last updated Jun 13, 2026

UL (The Unilever Group) and T (AT&T Inc.) are both stocks. UL operates in Household & Personal Products (Consumer Defensive), while T operates in Telecom Services (Communication Services). Over the past 10 years, UL returned 5.33%/yr vs 3.33%/yr for T. At a 0.28 correlation, their price movements are largely independent.

Performance

UL vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Unilever Group (UL) 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, UL achieves a -8.35% return, which is significantly lower than T's -2.96% return. Over the past 10 years, UL has outperformed T with an annualized return of 5.33%, while T has yielded a comparatively lower 3.33% annualized return.

UL

• 1D: 1.03%
• 1M: 3.45%
• YTD: -8.35%
• 6M: -7.70%
• 1Y: -14.93%
• 3Y*: 5.05%
• 5Y*: 0.66%
• 10Y*: 5.33%

T

• 1D: 2.52%
• 1M: -4.69%
• YTD: -2.96%
• 6M: -1.93%
• 1Y: -12.96%
• 3Y*: 20.58%
• 5Y*: 7.38%
• 10Y*: 3.33%

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

UL vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UL The Unilever Group	-8.35%	5.96%	20.90%	-0.17%	-2.82%	-7.61%	9.04%	12.88%	-2.34%	40.15%
T AT&T Inc.	-2.96%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between UL and T is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 4, 1988	0.28

Fundamentals

EPS UL : €5.06 T : $3.04
PE Ratio UL : 10.06 T : 7.74
PEG Ratio UL : 1.97 T : 0.32
PS Ratio UL : 1.09 T : 1.35
Total Revenue (TTM) UL : €109.27B T : $125.65B
Gross Profit (TTM) UL : €90.89B T : $105.41B
EBITDA (TTM) UL : €24.12B T : $54.70B

Return for Risk

UL vs. T — Risk / Return Rank

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

UL

UL Risk / Return Rank: 16
UL Sharpe Ratio Rank: 13
UL Sortino Ratio Rank: 14
UL Omega Ratio Rank: 15
UL Calmar Ratio Rank: 21
UL Martin Ratio Rank: 15

T

T Risk / Return Rank: 18
T Sharpe Ratio Rank: 17
T Sortino Ratio Rank: 17
T Omega Ratio Rank: 18
T Calmar Ratio Rank: 21
T Martin Ratio Rank: 15

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.

UL vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Unilever Group (UL) 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.

	UL	T	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	-0.59	-0.11
Sortino ratio: Return per unit of downside risk	-0.87	-0.72	-0.15
Omega ratio: Gain probability vs. loss probability	0.90	0.92	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.60	-0.59	0.00
Martin ratio: Return relative to average drawdown	-1.23	-1.22	-0.01

UL vs. T - Sharpe Ratio Comparison

The current UL Sharpe Ratio is -0.70, which is comparable to the T Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of UL 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

UL vs. T - Drawdown Comparison

The maximum UL drawdown since its inception was -53.55%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for UL and T.

Drawdown Indicators

	UL	T	Difference
Max Drawdown Largest peak-to-trough decline	-53.55%	-64.15%	+10.60%
Max Drawdown (1Y) Largest decline over 1 year	-25.09%	-21.87%	-3.22%
Max Drawdown (3Y) Largest decline over 3 years	-25.09%	-21.87%	-3.22%
Max Drawdown (5Y) Largest decline over 5 years	-26.53%	-32.01%	+5.48%
Max Drawdown (10Y) Largest decline over 10 years	-30.13%	-42.35%	+12.22%
Current Drawdown Current decline from peak	-19.64%	-18.12%	-1.52%
Average Drawdown Average peak-to-trough decline	-10.61%	-15.72%	+5.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.20%	10.64%	+1.56%

Volatility

UL vs. T - Volatility Comparison

The current volatility for The Unilever Group (UL) is 6.11%, while AT&T Inc. (T) has a volatility of 8.21%. This indicates that UL 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

	UL	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	8.21%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	16.78%	17.80%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	21.50%	22.13%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.87%	24.01%	-3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.61%	23.73%	-2.12%

Dividends

UL vs. T - Dividend Comparison

UL's dividend yield for the trailing twelve months is around 3.87%, less than T's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
T AT&T Inc.	4.71%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%
UL The Unilever Group	3.87%	3.51%	3.29%	3.83%	3.57%	3.77%	3.07%	3.18%	3.49%	2.80%	3.42%	3.02%

Financials

Frequently Asked Questions

Can I hold both UL and T in my portfolio?

UL and T have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UL or T?

T has higher volatility (8.21%) compared to UL (6.11%). In terms of maximum drawdown, UL dropped -53.55% vs T's -64.15%.

Which has better risk-adjusted returns?

T currently has the higher Sharpe Ratio (-0.59 vs -0.70), 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.