SPYV vs. T

Last updated Jun 14, 2026

SPYV (SPDR Portfolio S&P 500 Value ETF) is S&P 500 fund tracking the S&P 500 Value Index, while T (AT&T Inc.) is a stock. Over the past 10 years, SPYV returned 12.08%/yr vs 3.33%/yr for T. At a 0.50 correlation, their price movements are largely independent.

Performance

SPYV vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) 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, SPYV achieves a 8.25% return, which is significantly higher than T's -2.96% return. Over the past 10 years, SPYV has outperformed T with an annualized return of 12.08%, while T has yielded a comparatively lower 3.33% annualized return.

SPYV

• 1D: 0.69%
• 1M: 2.32%
• YTD: 8.25%
• 6M: 8.02%
• 1Y: 21.87%
• 3Y*: 15.13%
• 5Y*: 10.98%
• 10Y*: 12.08%

T

• 1D: 2.52%
• 1M: -1.87%
• YTD: -2.96%
• 6M: -1.93%
• 1Y: -12.71%
• 3Y*: 20.58%
• 5Y*: 7.38%
• 10Y*: 3.33%

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

SPYV vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYV SPDR Portfolio S&P 500 Value ETF	8.25%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%
T AT&T Inc.	-2.96%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between SPYV and T is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000	0.50

Over the past year, the correlation between SPYV and T has dropped to 0.10 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

SPYV vs. T — Risk / Return Rank

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

SPYV

SPYV Risk / Return Rank: 75
SPYV Sharpe Ratio Rank: 75
SPYV Sortino Ratio Rank: 76
SPYV Omega Ratio Rank: 73
SPYV Calmar Ratio Rank: 75
SPYV Martin Ratio Rank: 77

T

T Risk / Return Rank: 18
T Sharpe Ratio Rank: 17
T Sortino Ratio Rank: 17
T Omega Ratio Rank: 18
T Calmar Ratio Rank: 21
T Martin Ratio Rank: 15

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.

SPYV vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) 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.

	SPYV	T	Difference
Sharpe ratio: Return per unit of total volatility	2.08	-0.59	+2.67
Sortino ratio: Return per unit of downside risk	2.92	-0.72	+3.64
Omega ratio: Gain probability vs. loss probability	1.37	0.92	+0.46
Calmar ratio: Return relative to maximum drawdown	3.33	-0.59	+3.93
Martin ratio: Return relative to average drawdown	12.73	-1.22	+13.95

SPYV vs. T - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 2.08, which is higher than the T Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of SPYV 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

SPYV vs. T - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for SPYV and T.

Drawdown Indicators

	SPYV	T	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-64.15%	+5.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-21.87%	+15.65%
Max Drawdown (3Y) Largest decline over 3 years	-17.54%	-21.87%	+4.33%
Max Drawdown (5Y) Largest decline over 5 years	-17.89%	-32.01%	+14.12%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-42.35%	+5.46%
Current Drawdown Current decline from peak	-0.18%	-18.12%	+17.94%
Average Drawdown Average peak-to-trough decline	-8.71%	-15.72%	+7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	10.64%	-9.01%

Volatility

SPYV vs. T - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.70%, while AT&T Inc. (T) has a volatility of 8.21%. This indicates that SPYV 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

	SPYV	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	8.21%	-5.51%
Volatility (6M) Calculated over the trailing 6-month period	7.26%	17.80%	-10.54%
Volatility (1Y) Calculated over the trailing 1-year period	9.97%	22.13%	-12.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	24.01%	-9.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	23.73%	-6.79%

Dividends

SPYV vs. T - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.68%, less than T's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYV SPDR Portfolio S&P 500 Value ETF	1.68%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%
T AT&T Inc.	4.71%	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 SPYV and T in my portfolio?

SPYV and T have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPYV or T?

T has higher volatility (8.21%) compared to SPYV (2.70%). In terms of maximum drawdown, SPYV dropped -58.45% vs T's -64.15%.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (2.08 vs -0.59), 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.