TMUS vs VIP: Correlation
How closely do T-Mobile US (TMUS) and Vulcan Infrastructure and Power Inc. (VIP) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TMUS and VIP?
On 3 years of weekly data the TMUS/VIP correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is 0.00, and annualized covariance runs at -586.4 %².
By 3-year correlation, VIP places #26 of the 31 assets tracked against TMUS. Their recent paths diverged sharply: over the last 12 months VIP outperformed by 64.6 percentage points (-28.0% for TMUS against +36.6% for VIP). Note the risk asymmetry: VIP runs 4.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TMUS vs VIP: side by side
| TMUS (T-Mobile US) | VIP (Vulcan Infrastructure and Power Inc.) | |
|---|---|---|
| 1-year return | -28.0% | +36.6% |
| 5-year return | +34.8% | -99.9% |
| Volatility (ann.) | 24.6% | 110.7% |
| Beta vs S&P 500 | 0.36 | 1.74 |
| Max drawdown (3Y) | -37.1% | -92.8% |
| Market cap | $190.7B | – |
| P/E (trailing) | 18.8 | 14.9 |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | TMUS | VIP |
|---|---|---|
| 2022 | +20.7% | -98.2% |
| 2023 | +15.0% | +131.4% |
| 2024 | +39.7% | -76.9% |
| 2025 | -6.6% | -4.5% |
| 2026 | -11.6% | +20.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TMUS and VIP good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TMUS and VIP?
As of 2026-08-27, the correlation of weekly returns between TMUS and VIP is -0.22 over 3 years, -0.24 over 1 year and 0.00 over 5 years.
Is VIP a good diversifier for TMUS?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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: TMUS correlations · VIP correlations
