RVT vs. T

Last updated Jun 9, 2026

RVT (Royce Value Trust Inc.) and T (AT&T Inc.) are both stocks. RVT operates in Asset Management (Financial Services), while T operates in Telecom Services (Communication Services). Over the past 10 years, RVT returned 12.64%/yr vs 2.86%/yr for T. At a 0.28 correlation, their price movements are largely independent.

Performance

RVT vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce Value Trust Inc. (RVT) 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, RVT achieves a 12.34% return, which is significantly higher than T's -7.40% return. Over the past 10 years, RVT has outperformed T with an annualized return of 12.64%, while T has yielded a comparatively lower 2.86% annualized return.

RVT

• 1D: 0.79%
• 1M: -4.87%
• YTD: 12.34%
• 6M: 13.86%
• 1Y: 28.82%
• 3Y*: 18.49%
• 5Y*: 7.10%
• 10Y*: 12.64%

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)

RVT vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RVT Royce Value Trust Inc.	12.34%	11.54%	17.93%	18.79%	-26.25%	32.66%	18.16%	35.41%	-20.70%	30.63%
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between RVT and T is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Dec 31, 1987	0.28

The correlation between RVT and T shifts across timeframes, from -0.11 (1 year) to 0.29 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS RVT : $4.02 T : $3.04
PE Ratio RVT : 4.43 T : 7.39
PS Ratio RVT : 12.52 T : 1.29
Total Revenue (TTM) RVT : $170.31M T : $125.65B
Gross Profit (TTM) RVT : $304.06M T : $105.41B
EBITDA (TTM) RVT : $439.27M T : $54.70B

Return for Risk

RVT vs. T — Risk / Return Rank

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

RVT

RVT Risk / Return Rank: 81
RVT Sharpe Ratio Rank: 84
RVT Sortino Ratio Rank: 80
RVT Omega Ratio Rank: 78
RVT Calmar Ratio Rank: 79
RVT Martin Ratio Rank: 85

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.

RVT vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce Value Trust Inc. (RVT) 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.

	RVT	T	Difference
Sharpe ratio: Return per unit of total volatility	1.60	-0.75	+2.35
Sortino ratio: Return per unit of downside risk	2.27	-0.98	+3.24
Omega ratio: Gain probability vs. loss probability	1.28	0.89	+0.39
Calmar ratio: Return relative to maximum drawdown	2.37	-0.75	+3.13
Martin ratio: Return relative to average drawdown	8.49	-1.59	+10.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RVT vs. T - Sharpe Ratio Comparison

The current RVT Sharpe Ratio is 1.60, which is higher than the T Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of RVT 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

	RVT	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	-0.75	+2.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.28	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.12	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.38	+0.04

Drawdowns

RVT vs. T - Drawdown Comparison

The maximum RVT drawdown since its inception was -72.34%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for RVT and T.

Drawdown Indicators

	RVT	T	Difference
Max Drawdown Largest peak-to-trough decline	-72.34%	-64.15%	-8.19%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-21.87%	+9.68%
Max Drawdown (3Y) Largest decline over 3 years	-23.48%	-21.87%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	-32.79%	-32.01%	-0.78%
Max Drawdown (10Y) Largest decline over 10 years	-47.18%	-42.35%	-4.83%
Current Drawdown Current decline from peak	-5.28%	-21.87%	+16.59%
Average Drawdown Average peak-to-trough decline	-11.29%	-15.72%	+4.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	10.34%	-6.93%

Volatility

RVT vs. T - Volatility Comparison

The current volatility for Royce Value Trust Inc. (RVT) is 5.90%, while AT&T Inc. (T) has a volatility of 7.50%. This indicates that RVT 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

	RVT	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	7.50%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	17.57%	-3.86%
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	21.98%	-3.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	23.97%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.98%	23.71%	-0.73%

Dividends

RVT vs. T - Dividend Comparison

RVT's dividend yield for the trailing twelve months is around 7.99%, more than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RVT Royce Value Trust Inc.	7.99%	8.82%	8.04%	7.35%	9.95%	8.52%	6.44%	7.45%	10.68%	7.17%	7.62%	10.54%
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%

Financials

Frequently Asked Questions

Can I hold both RVT and T in my portfolio?

RVT and T have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RVT or T?

T has higher volatility (7.50%) compared to RVT (5.90%). In terms of maximum drawdown, RVT dropped -72.34% vs T's -64.15%.

Which has better risk-adjusted returns?

RVT currently has the higher Sharpe Ratio (1.60 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.