SYY vs T: Correlation
How closely do Sysco (SYY) and AT&T (T) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYY and T?
Over the past 3 years, SYY and T moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 163.4 %².
By 3-year correlation, T places #17 of the 33 assets tracked against SYY. The trailing year gives SYY the advantage: +5.6% versus -8.4%, a 14.0-point spread. The rolling one-year correlation moved between 0.29 and 0.61 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.
SYY vs T: side by side
| SYY (Sysco) | T (AT&T) | |
|---|---|---|
| 1-year return | +5.6% | -8.4% |
| 5-year return | +19.2% | +67.2% |
| Volatility (ann.) | 20.3% | 22.4% |
| Beta vs S&P 500 | 0.14 | 0.05 |
| Max drawdown (3Y) | -24.0% | -28.9% |
| Market cap | $39.5B | $174.3B |
| P/E (trailing) | 22.5 | 8.4 |
| Dividend yield | 2.61% | 4.29% |
| Sector / category | Consumer Staples | Communication Services |
Year-by-year returns
| Year | SYY | T |
|---|---|---|
| 2022 | -0.3% | +6.5% |
| 2023 | -1.7% | -2.7% |
| 2024 | +7.4% | +44.1% |
| 2025 | -1.0% | +14.0% |
| 2026 | +14.3% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYY and T good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SYY and T?
As of 2026-08-27, the correlation of weekly returns between SYY and T is 0.36 over 3 years, 0.28 over 1 year and 0.39 over 5 years.
Is T a good diversifier for SYY?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SYY correlations · T correlations
