CSWC vs. T

Last updated Jun 13, 2026

CSWC (Capital Southwest Corporation) and T (AT&T Inc.) are both stocks. CSWC operates in Asset Management (Financial Services), while T operates in Telecom Services (Communication Services). Over the past 10 years, CSWC returned 17.30%/yr vs 3.33%/yr for T. At a 0.15 correlation, their price movements are largely independent.

Performance

CSWC vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Southwest Corporation (CSWC) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSWC achieves a 11.14% return, which is significantly higher than T's -2.96% return. Over the past 10 years, CSWC has outperformed T with an annualized return of 17.30%, while T has yielded a comparatively lower 3.33% annualized return.

CSWC

• 1D: 0.51%
• 1M: -0.13%
• YTD: 11.14%
• 6M: 11.81%
• 1Y: 26.38%
• 3Y*: 18.73%
• 5Y*: 8.54%
• 10Y*: 17.30%

T

• 1D: 2.52%
• 1M: -1.87%
• YTD: -2.96%
• 6M: -1.93%
• 1Y: -12.71%
• 3Y*: 20.58%
• 5Y*: 7.38%
• 10Y*: 3.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSWC vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSWC Capital Southwest Corporation	11.14%	14.28%	2.14%	56.10%	-24.63%	57.40%	-1.56%	22.80%	29.52%	9.99%
T AT&T Inc.	-2.96%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between CSWC and T is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990	0.15

The correlation between CSWC and T shifts across timeframes, from 0.03 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS CSWC : $1.76 T : $3.04
PE Ratio CSWC : 13.38 T : 7.74
PEG Ratio CSWC : 1.01 T : 0.32
PS Ratio CSWC : 6.81 T : 1.35
Total Revenue (TTM) CSWC : $222.04M T : $125.65B
Gross Profit (TTM) CSWC : $172.70M T : $105.41B
EBITDA (TTM) CSWC : $142.78M T : $54.70B

Return for Risk

CSWC vs. T — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSWC

CSWC Risk / Return Rank: 76
CSWC Sharpe Ratio Rank: 80
CSWC Sortino Ratio Rank: 76
CSWC Omega Ratio Rank: 74
CSWC Calmar Ratio Rank: 72
CSWC Martin Ratio Rank: 77

T

T Risk / Return Rank: 18
T Sharpe Ratio Rank: 17
T Sortino Ratio Rank: 17
T Omega Ratio Rank: 18
T Calmar Ratio Rank: 21
T Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSWC vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Southwest Corporation (CSWC) 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.

	CSWC	T	Difference
Sharpe ratio: Return per unit of total volatility	1.33	-0.59	+1.91
Sortino ratio: Return per unit of downside risk	1.96	-0.72	+2.69
Omega ratio: Gain probability vs. loss probability	1.24	0.92	+0.32
Calmar ratio: Return relative to maximum drawdown	1.59	-0.59	+2.19
Martin ratio: Return relative to average drawdown	5.13	-1.22	+6.35

CSWC vs. T - Sharpe Ratio Comparison

The current CSWC Sharpe Ratio is 1.33, which is higher than the T Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of CSWC and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSWC vs. T - Drawdown Comparison

The maximum CSWC drawdown since its inception was -68.33%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for CSWC and T.

Drawdown Indicators

	CSWC	T	Difference
Max Drawdown Largest peak-to-trough decline	-68.33%	-64.15%	-4.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.75%	-21.87%	+6.12%
Max Drawdown (3Y) Largest decline over 3 years	-27.74%	-21.87%	-5.87%
Max Drawdown (5Y) Largest decline over 5 years	-33.66%	-32.01%	-1.65%
Max Drawdown (10Y) Largest decline over 10 years	-61.15%	-42.35%	-18.80%
Current Drawdown Current decline from peak	-2.34%	-18.12%	+15.78%
Average Drawdown Average peak-to-trough decline	-18.35%	-15.72%	-2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	10.64%	-5.75%

Volatility

CSWC vs. T - Volatility Comparison

The current volatility for Capital Southwest Corporation (CSWC) is 5.25%, while AT&T Inc. (T) has a volatility of 8.21%. This indicates that CSWC 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.

Volatility by Period

	CSWC	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	8.21%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	17.80%	-3.87%
Volatility (1Y) Calculated over the trailing 1-year period	18.98%	22.13%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.65%	24.01%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.40%	23.73%	+3.67%

Dividends

CSWC vs. T - Dividend Comparison

CSWC's dividend yield for the trailing twelve months is around 12.52%, more than T's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSWC Capital Southwest Corporation	9.80%	11.56%	11.59%	10.21%	12.46%	10.13%	11.49%	13.07%	10.77%	7.01%	2.35%	216.86%
T AT&T Inc.	4.71%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Financials

Frequently Asked Questions

Can I hold both CSWC and T in my portfolio?

CSWC and T have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSWC or T?

T has higher volatility (8.21%) compared to CSWC (5.25%). In terms of maximum drawdown, CSWC dropped -68.33% vs T's -64.15%.

Which has better risk-adjusted returns?

CSWC currently has the higher Sharpe Ratio (1.33 vs -0.59), 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.