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 1.68%/yr vs 25.35%/yr for IYW. At a 0.30 correlation, their price movements are largely independent.
Performance
T vs. IYW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, T achieves a -11.25% return, which is significantly lower than IYW's 24.38% return. Over the past 10 years, T has underperformed IYW with an annualized return of 1.68%, while IYW has yielded a comparatively higher 25.35% 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%
IYW
- 1D
- 1.40%
- 1M
- 1.40%
- 6M
- 23.01%
- YTD
- 24.38%
- 1Y
- 41.80%
- 3Y*
- 30.98%
- 5Y*
- 20.09%
- 10Y*
- 25.35%
T vs. IYW - 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% |
IYW iShares U.S. Technology ETF | 24.38% | 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 -0.36, 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 | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 -0.36 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.36 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.31 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 2.36 | -2.98 |
| Martin ratioReturn relative to average drawdown | -1.43 | 7.33 | -8.75 |
Loading charts...
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.
Loading charts...
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 | -25.12% | -4.49% | -20.63% |
Average DrawdownAverage peak-to-trough decline | -15.74% | -34.53% | +18.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.62% | 5.72% | +6.90% |
Volatility
T vs. IYW - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 10.03% compared to iShares U.S. Technology ETF (IYW) at 9.34%. 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.
Loading charts...
Volatility by Period
| T | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 9.34% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 19.25% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.51% | 22.97% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 26.36% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 25.29% | -1.39% |
Dividends
T vs. IYW - Dividend Comparison
T's dividend yield for the trailing twelve months is around 5.22%, more than IYW's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.10% | 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. | 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
T and IYW 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.
T has higher volatility (10.03%) compared to IYW (9.34%). In terms of maximum drawdown, T dropped -64.15% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (1.83 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.
Find the right allocation for T and IYW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer