T vs. ITA
T (AT&T Inc.) is a stock, while ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Over the past 10 years, T returned 2.86%/yr vs 14.86%/yr for ITA. At a 0.40 correlation, their price movements are largely independent.
Performance
T vs. ITA - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -7.40% return, which is significantly lower than ITA's 5.92% return. Over the past 10 years, T has underperformed ITA with an annualized return of 2.86%, while ITA has yielded a comparatively higher 14.86% annualized return.
T
- 1D
- -1.10%
- 1M
- -10.57%
- YTD
- -7.40%
- 6M
- -7.40%
- 1Y
- -16.38%
- 3Y*
- 18.39%
- 5Y*
- 6.60%
- 10Y*
- 2.86%
ITA
- 1D
- -0.95%
- 1M
- 1.69%
- YTD
- 5.92%
- 6M
- 11.28%
- 1Y
- 25.56%
- 3Y*
- 26.35%
- 5Y*
- 16.26%
- 10Y*
- 14.86%
T vs. ITA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | -7.40% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
ITA iShares U.S. Aerospace & Defense ETF | 5.92% | 48.64% | 15.81% | 14.33% | 9.96% | 9.39% | -13.57% | 30.51% | -7.22% | 35.24% |
Correlation
The correlation between T and ITA is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.40 |
The correlation between T and ITA shifts across timeframes, from -0.11 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
T vs. ITA — Risk / Return Rank
T
ITA
T vs. ITA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and iShares U.S. Aerospace & Defense ETF (ITA). 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.
| T | ITA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.21 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 1.62 | -2.37 |
| Martin ratioReturn relative to average drawdown | -1.59 | 4.35 | -5.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| T | ITA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 1.22 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.81 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.64 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.51 | -0.13 |
Drawdowns
T vs. ITA - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, which is greater than ITA's maximum drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for T and ITA.
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Drawdown Indicators
| T | ITA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -59.72% | -4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -21.87% | -15.82% | -6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -21.87% | -15.82% | -6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -18.72% | -13.29% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | -51.00% | +8.65% |
Current DrawdownCurrent decline from peak | -21.87% | -9.25% | -12.62% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -9.46% | -6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.34% | 5.89% | +4.45% |
Volatility
T vs. ITA - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 7.50% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 7.09%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T | ITA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 7.09% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.57% | 17.68% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 21.12% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 20.07% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 23.17% | +0.54% |
Dividends
T vs. ITA - Dividend Comparison
T's dividend yield for the trailing twelve months is around 4.93%, more than ITA's 0.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.47% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
T AT&T Inc. | 4.93% | 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 ITA have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (7.50%) compared to ITA (7.09%). In terms of maximum drawdown, T dropped -64.15% vs ITA's -59.72%.
ITA currently has the higher Sharpe Ratio (1.22 vs -0.75), 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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