DOW vs. T
DOW (Dow Inc.) and T (AT&T Inc.) are both stocks. DOW operates in Chemicals (Basic Materials), while T operates in Telecom Services (Communication Services). Over the past 5 years, DOW returned -8.18%/yr vs 6.60%/yr for T. At a 0.33 correlation, their price movements are largely independent.
Performance
DOW vs. T - Performance Comparison
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Returns By Period
In the year-to-date period, DOW achieves a 49.52% return, which is significantly higher than T's -7.40% return.
DOW
- 1D
- 0.68%
- 1M
- -6.30%
- YTD
- 49.52%
- 6M
- 52.92%
- 1Y
- 26.06%
- 3Y*
- -7.69%
- 5Y*
- -8.18%
- 10Y*
- —
T
- 1D
- -1.10%
- 1M
- -10.57%
- YTD
- -7.40%
- 6M
- -7.40%
- 1Y
- -16.38%
- 3Y*
- 18.39%
- 5Y*
- 6.60%
- 10Y*
- 2.86%
DOW vs. T - Yearly Performance Comparison
Correlation
The correlation between DOW and T is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019 | 0.33 |
Over the past year, the correlation between DOW and T has dropped to 0.09 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Fundamentals
DOW:
-$3.86
T:
$3.04
DOW:
0.62
T:
1.29
DOW:
$39.33B
T:
$125.65B
DOW:
$2.42B
T:
$105.41B
DOW:
$840.00M
T:
$54.70B
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Return for Risk
DOW vs. T — Risk / Return Rank
DOW
T
DOW vs. T - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Inc. (DOW) 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.
| DOW | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.89 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.75 | +1.57 |
| Martin ratioReturn relative to average drawdown | 1.54 | -1.59 | +3.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DOW | T | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | -0.75 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.28 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.38 | -0.37 |
Drawdowns
DOW vs. T - Drawdown Comparison
The maximum DOW drawdown since its inception was -64.37%, roughly equal to the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for DOW and T.
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Drawdown Indicators
| DOW | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.37% | -64.15% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -32.02% | -21.87% | -10.15% |
Max Drawdown (3Y)Largest decline over 3 years | -62.16% | -21.87% | -40.29% |
Max Drawdown (5Y)Largest decline over 5 years | -64.37% | -32.01% | -32.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.35% | — |
Current DrawdownCurrent decline from peak | -38.56% | -21.87% | -16.69% |
Average DrawdownAverage peak-to-trough decline | -22.75% | -15.72% | -7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.93% | 10.34% | +6.59% |
Volatility
DOW vs. T - Volatility Comparison
Dow Inc. (DOW) has a higher volatility of 9.44% compared to AT&T Inc. (T) at 7.50%. This indicates that DOW's price experiences larger fluctuations and is considered to be riskier 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
| DOW | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.44% | 7.50% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 17.57% | +15.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.50% | 21.98% | +27.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.52% | 23.97% | +9.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.65% | 23.71% | +14.94% |
Dividends
DOW vs. T - Dividend Comparison
DOW's dividend yield for the trailing twelve months is around 4.09%, less than T's 4.93% yield.
Financials
DOW vs. T - Financials Comparison
This section allows you to compare key financial metrics between Dow Inc. and AT&T Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
DOW and T have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOW has higher volatility (9.44%) compared to T (7.50%). In terms of maximum drawdown, DOW dropped -64.37% vs T's -64.15%.
DOW currently has the higher Sharpe Ratio (0.53 vs -0.75), 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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