SPG vs. T

Last updated Jul 21, 2026

SPG (Simon Property Group, Inc.) and T (AT&T Inc.) are both stocks. SPG operates in REIT - Retail (Real Estate), while T operates in Telecom Services (Communication Services). Over the past 10 years, SPG returned 5.43%/yr vs 2.10%/yr for T. At a 0.28 correlation, their price movements are largely independent.

Performance

SPG vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simon Property Group, Inc. (SPG) 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, SPG achieves a 26.06% return, which is significantly higher than T's -7.04% return. Over the past 10 years, SPG has outperformed T with an annualized return of 5.43%, while T has yielded a comparatively lower 2.10% annualized return.

SPG

• 1D: -0.22%
• 1M: 7.98%
• 6M: 26.19%
• YTD: 26.06%
• 1Y: 46.78%
• 3Y*: 29.07%
• 5Y*: 18.41%
• 10Y*: 5.43%
• ALL TIME*: 13.29%

T

• 1D: 0.64%
• 1M: 2.62%
• 6M: -2.84%
• YTD: -7.04%
• 1Y: -13.37%
• 3Y*: 20.93%
• 5Y*: 7.13%
• 10Y*: 2.10%
• ALL TIME*: 9.35%

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

SPG vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPG Simon Property Group, Inc.	26.06%	12.94%	26.92%	29.24%	-21.91%	95.72%	-38.64%	-6.74%	2.55%	0.98%
T AT&T Inc.	-7.04%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between SPG and T is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Dec 14, 1993	0.28

The correlation between SPG and T shifts across timeframes, from 0.17 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SPG : $74.00B T : $152.52B
EPS SPG : $19.29 T : $3.05
PE Ratio SPG : 11.83 T : 7.19
PEG Ratio SPG : 0.47 T : 0.30
PS Ratio SPG : 7.47 T : 1.25
Total Revenue (TTM) SPG : $6.65B T : $125.65B
Gross Profit (TTM) SPG : $5.71B T : $105.41B
EBITDA (TTM) SPG : $7.77B T : $54.70B

Return for Risk

SPG vs. T — Risk / Return Rank

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

SPG

SPG Risk / Return Rank: 94
SPG Sharpe Ratio Rank: 95
SPG Sortino Ratio Rank: 94
SPG Omega Ratio Rank: 92
SPG Calmar Ratio Rank: 92
SPG Martin Ratio Rank: 95

T

T Risk / Return Rank: 22
T Sharpe Ratio Rank: 19
T Sortino Ratio Rank: 19
T Omega Ratio Rank: 20
T Calmar Ratio Rank: 29
T Martin Ratio Rank: 23

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.

SPG vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simon Property Group, Inc. (SPG) 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.

	SPG	T	Difference
Sharpe ratio: Return per unit of total volatility	2.42	-0.57	+2.99
Sortino ratio: Return per unit of downside risk	3.31	-0.67	+3.98
Omega ratio: Gain probability vs. loss probability	1.41	0.92	+0.49
Calmar ratio: Return relative to maximum drawdown	4.07	-0.46	+4.54
Martin ratio: Return relative to average drawdown	14.63	-1.03	+15.67

SPG vs. T - Sharpe Ratio Comparison

The current SPG Sharpe Ratio is 2.42, which is higher than the T Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of SPG 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

SPG vs. T - Drawdown Comparison

The maximum SPG drawdown since its inception was -77.00%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for SPG and T.

Drawdown Indicators

	SPG	T	Difference
Max Drawdown Largest peak-to-trough decline	-77.00%	-64.15%	-12.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-28.89%	+17.35%
Max Drawdown (3Y) Largest decline over 3 years	-24.32%	-28.89%	+4.57%
Max Drawdown (5Y) Largest decline over 5 years	-45.84%	-32.01%	-13.83%
Max Drawdown (10Y) Largest decline over 10 years	-77.00%	-42.35%	-34.65%
Current Drawdown Current decline from peak	-0.22%	-21.57%	+21.35%
Average Drawdown Average peak-to-trough decline	-13.80%	-15.74%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	12.94%	-9.73%

Volatility

SPG vs. T - Volatility Comparison

The current volatility for Simon Property Group, Inc. (SPG) is 6.32%, while AT&T Inc. (T) has a volatility of 9.59%. This indicates that SPG 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

	SPG	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	9.59%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	15.24%	19.91%	-4.67%
Volatility (1Y) Calculated over the trailing 1-year period	19.45%	23.72%	-4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.13%	24.38%	+1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.14%	23.92%	+13.22%

Dividends

SPG vs. T - Dividend Comparison

SPG's dividend yield for the trailing twelve months is around 3.86%, less than T's 6.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPG Simon Property Group, Inc.	3.86%	4.62%	4.70%	5.22%	5.87%	3.66%	7.04%	5.57%	4.70%	4.16%	3.66%	3.11%
T AT&T Inc.	6.58%	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 SPG and T in my portfolio?

SPG and T have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPG or T?

T has higher volatility (9.59%) compared to SPG (6.32%). In terms of maximum drawdown, SPG dropped -77.00% vs T's -64.15%.

Which has better risk-adjusted returns?

SPG currently has the higher Sharpe Ratio (2.42 vs -0.57), 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.