AGL vs T: Correlation
How closely do agilon health, inc. (AGL) and AT&T (T) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGL and T?
Over the past 3 years, AGL and T moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.22 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -619.5 %².
T is close to the least connected end of AGL's tracked universe, ranking #11 of 14. The last year tells two different stories: AGL led by 198.2 percentage points, +189.8% for AGL against -8.4% for T. One caveat on sizing: AGL is 5.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AGL vs T: side by side
| AGL (agilon health, inc.) | T (AT&T) | |
|---|---|---|
| 1-year return | +189.8% | -8.4% |
| 5-year return | -90.0% | +67.2% |
| Volatility (ann.) | 126.1% | 22.4% |
| Beta vs S&P 500 | 1.73 | 0.05 |
| Max drawdown (3Y) | -98.4% | -28.9% |
| Market cap | $1.6B | $174.3B |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 0.00% | 4.29% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | AGL | T |
|---|---|---|
| 2022 | -40.2% | +6.5% |
| 2023 | -22.2% | -2.7% |
| 2024 | -84.9% | +44.1% |
| 2025 | -63.7% | +14.0% |
| 2026 | +446.8% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGL and T good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGL and T?
As of 2026-08-27, the correlation of weekly returns between AGL and T is -0.22 over 3 years, -0.36 over 1 year and -0.13 over 5 years.
Is T a good diversifier for AGL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AGL correlations · T correlations
