FIVA vs. T

Last updated Jun 9, 2026

FIVA (Fidelity International Value Factor ETF) is Foreign Large Cap Equities fund tracking the Fidelity® International Value Factor Index, while T (AT&T Inc.) is a stock. Over the past 5 years, FIVA returned 12.17%/yr vs 6.60%/yr for T. At a 0.35 correlation, their price movements are largely independent.

Performance

FIVA vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Value Factor ETF (FIVA) 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, FIVA achieves a 11.65% return, which is significantly higher than T's -7.40% return.

FIVA

• 1D: 0.99%
• 1M: 0.96%
• YTD: 11.65%
• 6M: 16.62%
• 1Y: 33.66%
• 3Y*: 21.93%
• 5Y*: 12.17%
• 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%

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

FIVA vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIVA Fidelity International Value Factor ETF	11.65%	45.83%	2.53%	20.38%	-10.37%	15.90%	-1.78%	19.78%	-18.62%
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-19.04%

Correlation

The correlation between FIVA and T is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018	0.35

Over the past year, the correlation between FIVA and T has dropped to 0.01 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Return for Risk

FIVA vs. T — Risk / Return Rank

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

FIVA

FIVA Risk / Return Rank: 71
FIVA Sharpe Ratio Rank: 75
FIVA Sortino Ratio Rank: 75
FIVA Omega Ratio Rank: 72
FIVA Calmar Ratio Rank: 64
FIVA Martin Ratio Rank: 68

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

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.

FIVA vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Factor ETF (FIVA) 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.

	FIVA	T	Difference
Sharpe ratio: Return per unit of total volatility	2.18	-0.75	+2.93
Sortino ratio: Return per unit of downside risk	3.01	-0.98	+3.99
Omega ratio: Gain probability vs. loss probability	1.38	0.89	+0.50
Calmar ratio: Return relative to maximum drawdown	2.89	-0.75	+3.64
Martin ratio: Return relative to average drawdown	11.27	-1.59	+12.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIVA vs. T - Sharpe Ratio Comparison

The current FIVA Sharpe Ratio is 2.18, which is higher than the T Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of FIVA 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.

Sharpe Ratios by Period

	FIVA	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	-0.75	+2.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.28	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.38	+0.10

Drawdowns

FIVA vs. T - Drawdown Comparison

The maximum FIVA drawdown since its inception was -39.76%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for FIVA and T.

Drawdown Indicators

	FIVA	T	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	-64.15%	+24.39%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-21.87%	+10.16%
Max Drawdown (3Y) Largest decline over 3 years	-14.77%	-21.87%	+7.10%
Max Drawdown (5Y) Largest decline over 5 years	-28.70%	-32.01%	+3.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.35%	—
Current Drawdown Current decline from peak	-1.89%	-21.87%	+19.98%
Average Drawdown Average peak-to-trough decline	-7.77%	-15.72%	+7.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	10.34%	-7.34%

Volatility

FIVA vs. T - Volatility Comparison

The current volatility for Fidelity International Value Factor ETF (FIVA) is 4.87%, while AT&T Inc. (T) has a volatility of 7.50%. This indicates that FIVA 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

	FIVA	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	7.50%	-2.63%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	17.57%	-4.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	21.98%	-6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	23.97%	-7.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	23.71%	-5.79%

Dividends

FIVA vs. T - Dividend Comparison

FIVA's dividend yield for the trailing twelve months is around 2.55%, less than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVA Fidelity International Value Factor ETF	2.55%	2.68%	3.52%	3.63%	3.62%	3.76%	2.46%	3.61%	3.28%	0.00%	0.00%	0.00%
T AT&T Inc.	4.93%	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

Can I hold both FIVA and T in my portfolio?

FIVA and T have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIVA or T?

T has higher volatility (7.50%) compared to FIVA (4.87%). In terms of maximum drawdown, FIVA dropped -39.76% vs T's -64.15%.

Which has better risk-adjusted returns?

FIVA currently has the higher Sharpe Ratio (2.18 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.