T vs. USD
T (AT&T Inc.) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, T returned 3.62%/yr vs 62.16%/yr for USD. At a 0.26 correlation, their price movements are largely independent.
Performance
T vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -3.08% return, which is significantly lower than USD's 114.00% return. Over the past 10 years, T has underperformed USD with an annualized return of 3.62%, while USD has yielded a comparatively higher 62.16% annualized return.
T
- 1D
- -4.42%
- 1M
- -9.77%
- YTD
- -3.08%
- 6M
- -4.92%
- 1Y
- -12.10%
- 3Y*
- 22.12%
- 5Y*
- 7.39%
- 10Y*
- 3.62%
USD
- 1D
- -1.14%
- 1M
- 44.53%
- YTD
- 114.00%
- 6M
- 111.06%
- 1Y
- 274.62%
- 3Y*
- 127.67%
- 5Y*
- 69.52%
- 10Y*
- 62.16%
T vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | -3.08% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
USD ProShares Ultra Semiconductors | 114.00% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between T and USD 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 (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.26 |
The correlation between T and USD shifts across timeframes, from -0.31 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
T vs. USD — Risk / Return Rank
T
USD
T vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.09 | ||
| Sortino ratioReturn per unit of downside risk | -4.48 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.51 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 8.70 | -9.29 |
| Martin ratioReturn relative to average drawdown | -1.20 | 25.16 | -26.36 |
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 | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 4.53 | -5.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.91 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.90 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.49 | -0.11 |
Drawdowns
T vs. USD - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for T and USD.
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Drawdown Indicators
| T | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -88.63% | +24.48% |
Max Drawdown (1Y)Largest decline over 1 year | -20.60% | -31.80% | +11.20% |
Max Drawdown (3Y)Largest decline over 3 years | -20.60% | -64.46% | +43.86% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -77.85% | +45.84% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | -77.85% | +35.50% |
Current DrawdownCurrent decline from peak | -18.23% | -1.14% | -17.09% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -32.35% | +16.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.08% | 10.97% | -0.89% |
Volatility
T vs. USD - Volatility Comparison
The current volatility for AT&T Inc. (T) is 6.96%, while ProShares Ultra Semiconductors (USD) has a volatility of 20.36%. This indicates that T experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 20.36% | -13.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.27% | 46.39% | -29.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 61.22% | -39.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.92% | 76.55% | -52.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.69% | 69.23% | -45.54% |
Dividends
T vs. USD - Dividend Comparison
T's dividend yield for the trailing twelve months is around 4.71%, more than USD's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USD ProShares Ultra Semiconductors | 0.21% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
T and USD 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.
USD has higher volatility (20.36%) compared to T (6.96%). In terms of maximum drawdown, T dropped -64.15% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (4.53 vs -0.56), 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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