T vs. SMHX
T (AT&T Inc.) is a stock, while SMHX (VanEck Fabless Semiconductor ETF) is Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Over the past year, T returned -17.45% vs 104.72% for SMHX. At a correlation of -0.23, they often move in opposite directions.
Performance
T vs. SMHX - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -7.94% return, which is significantly lower than SMHX's 63.06% return.
T
- 1D
- -1.93%
- 1M
- -11.44%
- YTD
- -7.94%
- 6M
- -7.27%
- 1Y
- -17.45%
- 3Y*
- 19.42%
- 5Y*
- 6.57%
- 10Y*
- 2.50%
SMHX
- 1D
- -0.77%
- 1M
- 2.85%
- YTD
- 63.06%
- 6M
- 59.94%
- 1Y
- 104.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
T vs. SMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
T AT&T Inc. | -7.94% | 13.97% | 17.36% |
SMHX VanEck Fabless Semiconductor ETF | 63.06% | 30.00% | 15.56% |
Correlation
The correlation between T and SMHX is -0.31, 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 | -0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | -0.23 |
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Return for Risk
T vs. SMHX — Risk / Return Rank
T
SMHX
T vs. SMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and VanEck Fabless Semiconductor ETF (SMHX). 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 | SMHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.65 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.43 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 6.17 | -6.92 |
| Martin ratioReturn relative to average drawdown | -1.56 | 16.51 | -18.07 |
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Drawdowns
T vs. SMHX - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for T and SMHX.
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Drawdown Indicators
| T | SMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -38.53% | -25.62% |
Max Drawdown (1Y)Largest decline over 1 year | -23.57% | -17.06% | -6.51% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | — | — |
Current DrawdownCurrent decline from peak | -22.32% | -8.62% | -13.70% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -7.35% | -8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 6.37% | +4.86% |
Volatility
T vs. SMHX - Volatility Comparison
The current volatility for AT&T Inc. (T) is 8.61%, while VanEck Fabless Semiconductor ETF (SMHX) has a volatility of 19.82%. This indicates that T experiences smaller price fluctuations and is considered to be less risky than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T | SMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 19.82% | -11.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.46% | 29.69% | -11.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.68% | 36.71% | -14.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.14% | 41.44% | -17.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 41.44% | -17.65% |
Dividends
T vs. SMHX - Dividend Comparison
T's dividend yield for the trailing twelve months is around 4.96%, more than SMHX's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | 0.01% | 0.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T AT&T Inc. | 4.96% | 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 SMHX have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMHX has higher volatility (19.82%) compared to T (8.61%). In terms of maximum drawdown, T dropped -64.15% vs SMHX's -38.53%.
SMHX currently has the higher Sharpe Ratio (2.88 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.
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