T vs. FTEC

Last updated Jul 15, 2026

T (AT&T Inc.) is a stock, while FTEC (Fidelity MSCI Information Technology Index ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 10 years, T returned 1.68%/yr vs 24.62%/yr for FTEC. At a 0.19 correlation, their price movements are largely independent.

Performance

T vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. (T) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, T achieves a -11.25% return, which is significantly lower than FTEC's 24.75% return. Over the past 10 years, T has underperformed FTEC with an annualized return of 1.68%, while FTEC has yielded a comparatively higher 24.62% annualized return.

T

• 1D: -1.25%
• 1M: -8.55%
• 6M: -6.48%
• YTD: -11.25%
• 1Y: -17.96%
• 3Y*: 19.78%
• 5Y*: 5.75%
• 10Y*: 1.68%

FTEC

• 1D: 1.31%
• 1M: 0.38%
• 6M: 22.90%
• YTD: 24.75%
• 1Y: 40.93%
• 3Y*: 29.00%
• 5Y*: 19.24%
• 10Y*: 24.62%

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

T vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
T AT&T Inc.	-11.25%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%
FTEC Fidelity MSCI Information Technology Index ETF	24.75%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between T and FTEC is -0.36, 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	-0.36
Correlation (3Y) Calculated over the trailing 3-year period	-0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.19

The correlation between T and FTEC shifts across timeframes, from -0.36 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

T vs. FTEC — Risk / Return Rank

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

T

T Risk / Return Rank: 14
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 13
T Omega Ratio Rank: 15
T Calmar Ratio Rank: 21
T Martin Ratio Rank: 8

FTEC

FTEC Risk / Return Rank: 61
FTEC Sharpe Ratio Rank: 68
FTEC Sortino Ratio Rank: 61
FTEC Omega Ratio Rank: 61
FTEC Calmar Ratio Rank: 64
FTEC Martin Ratio Rank: 53

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. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and Fidelity MSCI Information Technology Index ETF (FTEC). 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	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	1.76	-2.52
Sortino ratio: Return per unit of downside risk	-0.98	2.27	-3.26
Omega ratio: Gain probability vs. loss probability	0.88	1.29	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.62	2.53	-3.15
Martin ratio: Return relative to average drawdown	-1.43	7.35	-8.78

T vs. FTEC - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.77, which is lower than the FTEC Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of T and FTEC, 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. FTEC - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for T and FTEC.

Drawdown Indicators

	T	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-64.15%	-34.95%	-29.20%
Max Drawdown (1Y) Largest decline over 1 year	-28.89%	-16.26%	-12.63%
Max Drawdown (3Y) Largest decline over 3 years	-28.89%	-27.30%	-1.59%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-34.95%	+2.94%
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	-34.95%	-7.40%
Current Drawdown Current decline from peak	-25.12%	-6.83%	-18.29%
Average Drawdown Average peak-to-trough decline	-15.74%	-5.58%	-10.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.62%	5.58%	+7.04%

Volatility

T vs. FTEC - Volatility Comparison

AT&T Inc. (T) has a higher volatility of 10.03% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 9.16%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	T	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.03%	9.16%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	19.84%	19.43%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	23.51%	23.41%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	25.74%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.90%	24.90%	-1.00%

Dividends

T vs. FTEC - Dividend Comparison

T's dividend yield for the trailing twelve months is around 5.22%, more than FTEC's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.36%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
T AT&T Inc.	5.22%	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 FTEC in my portfolio?

T and FTEC have a correlation of -0.36, 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 FTEC?

T has higher volatility (10.03%) compared to FTEC (9.16%). In terms of maximum drawdown, T dropped -64.15% vs FTEC's -34.95%.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (1.76 vs -0.77), 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.