T vs TU: Correlation
Measured on weekly returns over the past three years, AT&T (T) and Telus Corporation (TU) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are T and TU?
Over the past 3 years, T and TU moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 159.6 %².
Within T's tracked universe of 32 assets, TU comes in at #14 by 3-year correlation. The last year tells two different stories: T led by 29.6 percentage points, -8.4% for T against -38.0% for TU.
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.
T vs TU: side by side
| T (AT&T) | TU (Telus Corporation) | |
|---|---|---|
| 1-year return | -8.4% | -38.0% |
| 5-year return | +67.2% | -44.5% |
| Volatility (ann.) | 22.4% | 20.3% |
| Beta vs S&P 500 | 0.05 | 0.21 |
| Max drawdown (3Y) | -28.9% | -40.6% |
| Market cap | $174.3B | $15.4B |
| P/E (trailing) | 8.4 | – |
| Dividend yield | 4.29% | 17.24% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | T | TU |
|---|---|---|
| 2022 | +6.5% | -14.3% |
| 2023 | -2.7% | -2.4% |
| 2024 | +44.1% | -18.4% |
| 2025 | +14.0% | +0.7% |
| 2026 | +6.1% | -22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are T and TU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between T and TU?
The T/TU correlation stands at 0.35 on a 3-year window (1 year: 0.30, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TU a good diversifier for T?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/t-vs-tu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/t-vs-tu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: T correlations · TU correlations
