T vs VZ: Correlation
Measured on weekly returns over the past three years, AT&T (T) and Verizon (VZ) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are T and VZ?
Over the past 3 years, T and VZ moved with a correlation of 0.71, which is strong. Lately the two have moved closer together, with the 1-year correlation at 0.84 versus 0.71 over 3 years. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 363.6 %².
In T's tracked universe of 32 assets, VZ sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months VZ outperformed by 27.7 percentage points (-8.4% for T against +19.3% for VZ). On a rolling one-year basis the correlation drifted between 0.52 and 0.85, a moderate band.
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 VZ: side by side
| T (AT&T) | VZ (Verizon) | |
|---|---|---|
| 1-year return | -8.4% | +19.3% |
| 5-year return | +67.2% | +23.8% |
| Volatility (ann.) | 22.4% | 22.9% |
| Beta vs S&P 500 | 0.05 | 0.15 |
| Max drawdown (3Y) | -28.9% | -17.0% |
| Market cap | $174.3B | $205.4B |
| P/E (trailing) | 8.4 | 12.9 |
| Dividend yield | 4.29% | 5.57% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | T | VZ |
|---|---|---|
| 2022 | +6.5% | -20.0% |
| 2023 | -2.7% | +2.7% |
| 2024 | +44.1% | +13.1% |
| 2025 | +14.0% | +8.9% |
| 2026 | +6.1% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are T and VZ good diversifiers for each other?
Only partially. A correlation of 0.71 means T and VZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between T and VZ?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.84 over the last year and 0.68 over 5 years.
Is VZ a good diversifier for T?
Only partially. A correlation of 0.71 means T and VZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/t-vs-vz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/t-vs-vz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: T correlations · VZ correlations
