T vs. IYW
T (AT&T Inc.) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 10 years, T returned 2.67%/yr vs 24.40%/yr for IYW. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
T vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -1.62% return, which is significantly lower than IYW's 22.12% return. Over the past 10 years, T has underperformed IYW with an annualized return of 2.67%, while IYW has yielded a comparatively higher 24.40% annualized return.
T
- 1D
- 1.46%
- 1M
- 16.16%
- 6M
- -8.16%
- YTD
- -1.62%
- 1Y
- -10.99%
- 3Y*
- 25.43%
- 5Y*
- 8.39%
- 10Y*
- 2.67%
- ALL TIME*
- 9.49%
IYW
- 1D
- 2.37%
- 1M
- 0.08%
- 6M
- 22.15%
- YTD
- 22.12%
- 1Y
- 37.66%
- 3Y*
- 31.14%
- 5Y*
- 18.81%
- 10Y*
- 24.40%
- ALL TIME*
- 9.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $120.59M | $130.00M | $189.60M | |
| $2.06B | $1.79B | $1.45B |
T vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | -1.62% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
IYW iShares U.S. Technology ETF | 22.12% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between T and IYW is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.30 |
The correlation between T and IYW shifts across timeframes, from -0.35 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
T vs. IYW — Risk / Return Rank
T
IYW
T vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and iShares U.S. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.27 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.12 | -2.51 |
| Martin ratioReturn relative to average drawdown | -0.82 | 6.25 | -7.07 |
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Drawdowns
T vs. IYW - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for T and IYW.
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Drawdown Indicators
| T | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -81.90% | +17.75% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -17.81% | -11.08% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -26.47% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -39.44% | +7.43% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | -39.44% | -2.91% |
Current DrawdownCurrent decline from peak | -16.99% | -6.23% | -10.76% |
Average DrawdownAverage peak-to-trough decline | -15.74% | -34.47% | +18.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.41% | 6.04% | +7.37% |
Volatility
T vs. IYW - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 8.78% compared to iShares U.S. Technology ETF (IYW) at 7.98%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.78% | 7.98% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 19.88% | 19.93% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.84% | 23.82% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.63% | 26.50% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 25.37% | -1.34% |
Dividends
T vs. IYW - Dividend Comparison
T's dividend yield for the trailing twelve months is around 4.71%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
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 IYW 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 (8.78%) compared to IYW (7.98%). In terms of maximum drawdown, T dropped -64.15% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (1.59 vs -0.44), 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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