GOOGL vs T: Correlation
Alphabet Inc. (Class A) (GOOGL) and AT&T (T) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOGL and T?
Across a 3-year window, the weekly returns of GOOGL and T correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.22). Stretching to 5 years gives -0.07, with an annualized covariance of -155.8 %².
Within GOOGL's tracked universe of 37 assets, T comes in at #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GOOGL ahead by 73.1 points (+64.7% versus -8.4%). The rolling one-year correlation moved between -0.33 and 0.12 over the past three years, a moderate range.
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.
GOOGL vs T: side by side
| GOOGL (Alphabet Inc. (Class A)) | T (AT&T) | |
|---|---|---|
| 1-year return | +64.7% | -8.4% |
| 5-year return | +137.7% | +67.2% |
| Volatility (ann.) | 31.4% | 22.4% |
| Beta vs S&P 500 | 1.22 | 0.05 |
| Max drawdown (3Y) | -29.8% | -28.9% |
| Market cap | $4,166.1B | $174.3B |
| P/E (trailing) | 17.2 | 8.4 |
| Dividend yield | 0.25% | 4.29% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | GOOGL | T |
|---|---|---|
| 2022 | -39.1% | +6.5% |
| 2023 | +58.3% | -2.7% |
| 2024 | +36.0% | +44.1% |
| 2025 | +66.0% | +14.0% |
| 2026 | +9.0% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOGL and T good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GOOGL and T?
As of 2026-08-27, the correlation of weekly returns between GOOGL and T is -0.22 over 3 years, -0.35 over 1 year and -0.07 over 5 years.
Is T a good diversifier for GOOGL?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
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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Hubs: GOOGL correlations · T correlations
