T vs. IGM
T (AT&T Inc.) is a stock, while IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Over the past 10 years, T returned 2.02%/yr vs 23.77%/yr for IGM. At a 0.33 correlation, their price movements are largely independent.
Performance
T vs. IGM - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -8.33% return, which is significantly lower than IGM's 20.35% return. Over the past 10 years, T has underperformed IGM with an annualized return of 2.02%, while IGM has yielded a comparatively higher 23.77% annualized return.
T
- 1D
- 2.57%
- 1M
- -3.83%
- 6M
- -5.16%
- YTD
- -8.33%
- 1Y
- -14.60%
- 3Y*
- 23.91%
- 5Y*
- 6.50%
- 10Y*
- 2.02%
IGM
- 1D
- -2.48%
- 1M
- -3.54%
- 6M
- 19.15%
- YTD
- 20.35%
- 1Y
- 37.02%
- 3Y*
- 31.90%
- 5Y*
- 18.50%
- 10Y*
- 23.77%
T vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | -8.33% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
IGM iShares Expanded Tech Sector ETF | 20.35% | 26.76% | 36.99% | 60.68% | -35.83% | 25.72% | 45.11% | 41.81% | 2.26% | 37.20% |
Correlation
The correlation between T and IGM is -0.35, 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 | -0.35 |
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 Mar 19, 2001 | 0.33 |
The correlation between T and IGM shifts across timeframes, from -0.35 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
T vs. IGM — Risk / Return Rank
T
IGM
T vs. IGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and iShares Expanded Tech Sector ETF (IGM). 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 | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.27 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.26 | -2.77 |
| Martin ratioReturn relative to average drawdown | -1.14 | 7.10 | -8.24 |
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Drawdowns
T vs. IGM - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, roughly equal to the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for T and IGM.
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Drawdown Indicators
| T | IGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -65.59% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -16.44% | -12.45% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -26.39% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -40.68% | +8.67% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | -40.68% | -1.67% |
Current DrawdownCurrent decline from peak | -22.66% | -9.12% | -13.54% |
Average DrawdownAverage peak-to-trough decline | -15.74% | -15.19% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.80% | 5.23% | +7.57% |
Volatility
T vs. IGM - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 10.04% compared to iShares Expanded Tech Sector ETF (IGM) at 8.90%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 8.90% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 19.74% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.65% | 23.59% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.40% | 26.23% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.91% | 24.76% | -0.85% |
Dividends
T vs. IGM - Dividend Comparison
T's dividend yield for the trailing twelve months is around 5.05%, more than IGM's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.14% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
T AT&T Inc. | 5.05% | 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 IGM have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (10.04%) compared to IGM (8.90%). In terms of maximum drawdown, T dropped -64.15% vs IGM's -65.59%.
IGM currently has the higher Sharpe Ratio (1.58 vs -0.62), 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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