T vs. AAAAX

Last updated Jun 20, 2026

T (AT&T Inc.) is a stock, while AAAAX (DWS RREEF Real Assets Fund - Class A) is Diversified Portfolio fund managed by DWS. Over the past 10 years, T returned 2.52%/yr vs 6.87%/yr for AAAAX. At a 0.44 correlation, their price movements are largely independent.

Performance

T vs. AAAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. (T) and DWS RREEF Real Assets Fund - Class A (AAAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, T achieves a -9.42% return, which is significantly lower than AAAAX's 8.20% return. Over the past 10 years, T has underperformed AAAAX with an annualized return of 2.52%, while AAAAX has yielded a comparatively higher 6.87% annualized return.

T

• 1D: -1.92%
• 1M: -13.14%
• YTD: -9.42%
• 6M: -6.83%
• 1Y: -17.29%
• 3Y*: 17.25%
• 5Y*: 6.40%
• 10Y*: 2.52%

AAAAX

• 1D: -0.36%
• 1M: -3.65%
• YTD: 8.20%
• 6M: 9.23%
• 1Y: 13.59%
• 3Y*: 9.70%
• 5Y*: 5.18%
• 10Y*: 6.87%

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

T vs. AAAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
T AT&T Inc.	-9.42%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%
AAAAX DWS RREEF Real Assets Fund - Class A	8.20%	12.82%	5.24%	2.30%	-9.91%	23.45%	3.71%	21.42%	-5.36%	14.67%

Correlation

The correlation between T and AAAAX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jul 31, 2007	0.44

Over the past year, the correlation between T and AAAAX has dropped to 0.22 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

T vs. AAAAX — Risk / Return Rank

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

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 10
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 5

AAAAX

AAAAX Risk / Return Rank: 35
AAAAX Sharpe Ratio Rank: 32
AAAAX Sortino Ratio Rank: 29
AAAAX Omega Ratio Rank: 32
AAAAX Calmar Ratio Rank: 45
AAAAX Martin Ratio Rank: 39

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.

T vs. AAAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and DWS RREEF Real Assets Fund - Class A (AAAAX). 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.

	T	AAAAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	1.47	-2.23
Sortino ratio: Return per unit of downside risk	-0.99	2.01	-3.00
Omega ratio: Gain probability vs. loss probability	0.89	1.27	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.72	2.40	-3.12
Martin ratio: Return relative to average drawdown	-1.55	7.83	-9.38

T vs. AAAAX - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.76, which is lower than the AAAAX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of T and AAAAX, 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

T vs. AAAAX - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, which is greater than AAAAX's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for T and AAAAX.

Drawdown Indicators

	T	AAAAX	Difference
Max Drawdown Largest peak-to-trough decline	-64.15%	-40.47%	-23.68%
Max Drawdown (1Y) Largest decline over 1 year	-23.57%	-5.68%	-17.89%
Max Drawdown (3Y) Largest decline over 3 years	-23.57%	-10.17%	-13.40%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-22.62%	-9.39%
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	-29.41%	-12.94%
Current Drawdown Current decline from peak	-23.57%	-4.92%	-18.65%
Average Drawdown Average peak-to-trough decline	-15.72%	-6.84%	-8.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.96%	1.73%	+9.23%

Volatility

T vs. AAAAX - Volatility Comparison

AT&T Inc. (T) has a higher volatility of 7.86% compared to DWS RREEF Real Assets Fund - Class A (AAAAX) at 2.50%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than AAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	T	AAAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	2.50%	+5.36%
Volatility (6M) Calculated over the trailing 6-month period	18.12%	7.49%	+10.63%
Volatility (1Y) Calculated over the trailing 1-year period	22.42%	9.25%	+13.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.08%	12.10%	+11.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.76%	12.70%	+11.06%

Dividends

T vs. AAAAX - Dividend Comparison

T's dividend yield for the trailing twelve months is around 5.04%, more than AAAAX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAAX DWS RREEF Real Assets Fund - Class A	3.27%	3.54%	2.45%	2.08%	4.17%	2.31%	1.33%	1.81%	1.61%	1.52%	1.47%	2.15%
T AT&T Inc.	5.04%	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 T and AAAAX in my portfolio?

T and AAAAX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, T or AAAAX?

T has higher volatility (7.86%) compared to AAAAX (2.50%). In terms of maximum drawdown, T dropped -64.15% vs AAAAX's -40.47%.

Which has better risk-adjusted returns?

AAAAX currently has the higher Sharpe Ratio (1.47 vs -0.76), 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.