T vs. USHY
T (AT&T Inc.) is a stock, while USHY (iShares Broad USD High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index. Over the past 5 years, T returned 7.38%/yr vs 4.21%/yr for USHY. At a 0.28 correlation, their price movements are largely independent.
Performance
T vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -2.96% return, which is significantly lower than USHY's 1.75% return.
T
- 1D
- 2.52%
- 1M
- -4.69%
- YTD
- -2.96%
- 6M
- -1.93%
- 1Y
- -12.96%
- 3Y*
- 20.58%
- 5Y*
- 7.38%
- 10Y*
- 3.33%
USHY
- 1D
- 0.03%
- 1M
- 0.59%
- YTD
- 1.75%
- 6M
- 2.37%
- 1Y
- 6.90%
- 3Y*
- 8.94%
- 5Y*
- 4.21%
- 10Y*
- —
T vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | -2.96% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | 16.11% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.75% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
Correlation
The correlation between T and USHY is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.28 |
The correlation between T and USHY shifts across timeframes, from -0.05 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
T vs. USHY — Risk / Return Rank
T
USHY
T vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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 | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.36 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 2.85 | -3.45 |
| Martin ratioReturn relative to average drawdown | -1.22 | 12.77 | -13.99 |
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Drawdowns
T vs. USHY - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for T and USHY.
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Drawdown Indicators
| T | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -22.44% | -41.71% |
Max Drawdown (1Y)Largest decline over 1 year | -21.87% | -2.43% | -19.44% |
Max Drawdown (3Y)Largest decline over 3 years | -21.87% | -4.66% | -17.21% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -15.56% | -16.45% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | — | — |
Current DrawdownCurrent decline from peak | -18.12% | 0.00% | -18.12% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -2.66% | -13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.64% | 0.54% | +10.10% |
Volatility
T vs. USHY - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 8.21% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.20%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 1.20% | +7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.80% | 2.96% | +14.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.13% | 3.69% | +18.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 7.35% | +16.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.73% | 8.24% | +15.49% |
Dividends
T vs. USHY - Dividend Comparison
T's dividend yield for the trailing twelve months is around 4.71%, less than USHY's 6.90% 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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.90% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Frequently Asked Questions
T and USHY have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (8.21%) compared to USHY (1.20%). In terms of maximum drawdown, T dropped -64.15% vs USHY's -22.44%.
USHY currently has the higher Sharpe Ratio (1.88 vs -0.59), 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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