T vs. CZA
Compare and contrast key facts about AT&T Inc. (T) and Invesco Zacks Mid-Cap ETF (CZA).
CZA is a passively managed fund by Invesco that tracks the performance of the Zacks Mid-Cap Core Index. It was launched on Apr 2, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: T or CZA.
Performance
T vs. CZA - Performance Comparison
Returns By Period
In the year-to-date period, T achieves a 43.52% return, which is significantly higher than CZA's 16.70% return. Over the past 10 years, T has underperformed CZA with an annualized return of 4.37%, while CZA has yielded a comparatively higher 9.65% annualized return.
T
43.52%
4.47%
33.99%
51.65%
1.09%
4.37%
CZA
16.70%
-0.83%
8.94%
27.43%
9.04%
9.65%
Key characteristics
| T | CZA | |
|---|---|---|
| Sharpe Ratio | 2.68 | 2.29 |
| Sortino Ratio | 3.70 | 3.20 |
| Omega Ratio | 1.46 | 1.40 |
| Calmar Ratio | 1.72 | 3.15 |
| Martin Ratio | 15.53 | 12.31 |
| Ulcer Index | 3.40% | 2.25% |
| Daily Std Dev | 19.72% | 12.09% |
| Max Drawdown | -64.66% | -53.20% |
| Current Drawdown | 0.00% | -2.68% |
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Correlation
The correlation between T and CZA is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
T vs. CZA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and Invesco Zacks Mid-Cap ETF (CZA). 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.
Dividends
T vs. CZA - Dividend Comparison
T's dividend yield for the trailing twelve months is around 4.89%, more than CZA's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | 4.89% | 6.62% | 6.66% | 8.45% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% | 5.48% | 5.12% |
CZA Invesco Zacks Mid-Cap ETF | 1.17% | 1.36% | 1.71% | 0.89% | 1.42% | 1.40% | 1.26% | 1.10% | 1.87% | 1.37% | 0.74% | 1.01% |
Drawdowns
T vs. CZA - Drawdown Comparison
The maximum T drawdown since its inception was -64.66%, which is greater than CZA's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for T and CZA. For additional features, visit the drawdowns tool.
Volatility
T vs. CZA - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 7.06% compared to Invesco Zacks Mid-Cap ETF (CZA) at 4.12%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than CZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.