CHTR vs TMUS: Correlation
Measured on weekly returns over the past three years, Charter Communications (CHTR) and T-Mobile US (TMUS) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and TMUS?
Across a 3-year window, the weekly returns of CHTR and TMUS correlate at 0.21, weak. The link has tightened recently: the 1-year correlation (0.35) runs above the 3-year figure (0.21). Stretching to 5 years gives 0.28, with an annualized covariance of 216.7 %².
Within CHTR's tracked universe of 35 assets, TMUS comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TMUS ahead by 16.9 points (-44.9% versus -28.0%). On a rolling one-year basis the correlation drifted between -0.02 and 0.35, a moderate band. One caveat on sizing: CHTR is 1.7 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.
CHTR vs TMUS: side by side
| CHTR (Charter Communications) | TMUS (T-Mobile US) | |
|---|---|---|
| 1-year return | -44.9% | -28.0% |
| 5-year return | -81.8% | +34.8% |
| Volatility (ann.) | 41.3% | 24.6% |
| Beta vs S&P 500 | 0.74 | 0.36 |
| Max drawdown (3Y) | -72.9% | -37.1% |
| Market cap | $20.0B | $190.7B |
| P/E (trailing) | 4.0 | 18.8 |
| Dividend yield | 0.00% | 2.27% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | CHTR | TMUS |
|---|---|---|
| 2022 | -48.0% | +20.7% |
| 2023 | +14.6% | +15.0% |
| 2024 | -11.8% | +39.7% |
| 2025 | -39.1% | -6.6% |
| 2026 | -28.9% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and TMUS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHTR and TMUS?
The CHTR/TMUS correlation stands at 0.21 on a 3-year window (1 year: 0.35, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is TMUS a good diversifier for CHTR?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chtr-vs-tmus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chtr-vs-tmus/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHTR correlations · TMUS correlations
