T vs. BIV
T (AT&T Inc.) is a stock, while BIV (Vanguard Intermediate-Term Bond Index ETF) is Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. Over the past 10 years, T returned 3.33%/yr vs 1.89%/yr for BIV. At a correlation of -0.07, they often move in opposite directions.
Performance
T vs. BIV - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -2.96% return, which is significantly lower than BIV's -0.06% return. Over the past 10 years, T has outperformed BIV with an annualized return of 3.33%, while BIV has yielded a comparatively lower 1.89% annualized return.
T
- 1D
- 2.52%
- 1M
- -4.69%
- YTD
- -2.96%
- 6M
- -1.93%
- 1Y
- -12.96%
- 3Y*
- 20.58%
- 5Y*
- 7.38%
- 10Y*
- 3.33%
BIV
- 1D
- -0.13%
- 1M
- 0.18%
- YTD
- -0.06%
- 6M
- 0.31%
- 1Y
- 4.29%
- 3Y*
- 4.62%
- 5Y*
- 0.16%
- 10Y*
- 1.89%
T vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | -2.96% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.06% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 9.67% | 10.34% | -0.19% | 3.65% |
Correlation
The correlation between T and BIV is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.07 |
The correlation between T and BIV shifts across timeframes, from -0.07 (all time) to 0.15 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
T vs. BIV — Risk / Return Rank
T
BIV
T vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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 | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.19 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 1.36 | -1.95 |
| Martin ratioReturn relative to average drawdown | -1.22 | 3.90 | -5.12 |
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Drawdowns
T vs. BIV - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, which is greater than BIV's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for T and BIV.
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Drawdown Indicators
| T | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -18.95% | -45.20% |
Max Drawdown (1Y)Largest decline over 1 year | -21.87% | -3.18% | -18.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.87% | -6.07% | -15.80% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -18.74% | -13.27% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | -18.95% | -23.40% |
Current DrawdownCurrent decline from peak | -18.12% | -1.86% | -16.26% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -3.39% | -12.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.64% | 1.10% | +9.54% |
Volatility
T vs. BIV - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 8.21% compared to Vanguard Intermediate-Term Bond Index ETF (BIV) at 1.45%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 1.45% | +6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 17.80% | 2.98% | +14.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.13% | 4.03% | +18.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 6.41% | +17.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.73% | 5.51% | +18.22% |
Dividends
T vs. BIV - Dividend Comparison
T's dividend yield for the trailing twelve months is around 4.71%, more than BIV's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.21% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
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
T and BIV have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (8.21%) compared to BIV (1.45%). In terms of maximum drawdown, T dropped -64.15% vs BIV's -18.95%.
BIV currently has the higher Sharpe Ratio (1.07 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.
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