AAAAX vs. T
AAAAX (DWS RREEF Real Assets Fund - Class A) is Diversified Portfolio fund managed by DWS, while T (AT&T Inc.) is a stock. Over the past 10 years, AAAAX returned 6.57%/yr vs 2.50%/yr for T. At a 0.44 correlation, their price movements are largely independent.
Performance
AAAAX vs. T - Performance Comparison
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Returns By Period
In the year-to-date period, AAAAX achieves a 3.70% return, which is significantly higher than T's -7.94% return. Over the past 10 years, AAAAX has outperformed T with an annualized return of 6.57%, while T has yielded a comparatively lower 2.50% annualized return.
AAAAX
- 1D
- -4.50%
- 1M
- -7.71%
- YTD
- 3.70%
- 6M
- 3.30%
- 1Y
- 8.58%
- 3Y*
- 9.33%
- 5Y*
- 3.86%
- 10Y*
- 6.57%
T
- 1D
- -1.93%
- 1M
- -11.44%
- YTD
- -7.94%
- 6M
- -7.27%
- 1Y
- -17.45%
- 3Y*
- 19.42%
- 5Y*
- 6.57%
- 10Y*
- 2.50%
AAAAX vs. T - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAAAX DWS RREEF Real Assets Fund - Class A | 3.70% | 12.82% | 5.24% | 2.30% | -9.91% | 23.45% | 3.71% | 21.42% | -5.36% | 14.67% |
T AT&T Inc. | -7.94% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
Correlation
The correlation between AAAAX and T is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2007 | 0.44 |
Over the past year, the correlation between AAAAX and T has dropped to 0.20 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
AAAAX vs. T — Risk / Return Rank
AAAAX
T
AAAAX vs. T - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Real Assets Fund - Class A (AAAAX) and AT&T Inc. (T). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAAAX | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.88 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | -0.74 | +1.71 |
| Martin ratioReturn relative to average drawdown | 4.63 | -1.56 | +6.18 |
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Drawdowns
AAAAX vs. T - Drawdown Comparison
The maximum AAAAX drawdown since its inception was -40.47%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for AAAAX and T.
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Drawdown Indicators
| AAAAX | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.47% | -64.15% | +23.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -23.57% | +14.71% |
Max Drawdown (3Y)Largest decline over 3 years | -10.17% | -23.57% | +13.40% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -32.01% | +9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -29.41% | -42.35% | +12.94% |
Current DrawdownCurrent decline from peak | -8.86% | -22.32% | +13.46% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -15.72% | +8.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 11.23% | -9.39% |
Volatility
AAAAX vs. T - Volatility Comparison
The current volatility for DWS RREEF Real Assets Fund - Class A (AAAAX) is 5.11%, while AT&T Inc. (T) has a volatility of 8.61%. This indicates that AAAAX experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAAAX | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 8.61% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 18.46% | -9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 22.68% | -12.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.25% | 24.14% | -11.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 23.79% | -11.03% |
Dividends
AAAAX vs. T - Dividend Comparison
AAAAX's dividend yield for the trailing twelve months is around 1.56%, less than T's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAAX DWS RREEF Real Assets Fund - Class A | 1.56% | 3.54% | 2.45% | 2.08% | 4.17% | 2.31% | 1.33% | 1.81% | 1.61% | 1.52% | 1.47% | 2.15% |
T AT&T Inc. | 4.96% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Frequently Asked Questions
AAAAX and T have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (8.61%) compared to AAAAX (5.11%). In terms of maximum drawdown, AAAAX dropped -40.47% vs T's -64.15%.
AAAAX currently has the higher Sharpe Ratio (0.83 vs -0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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