T vs. USMV
T (AT&T Inc.) is a stock, while USMV (iShares MSCI USA Min Vol Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Over the past 10 years, T returned 2.86%/yr vs 9.75%/yr for USMV. At a 0.48 correlation, their price movements are largely independent.
Performance
T vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -7.40% return, which is significantly lower than USMV's 1.55% return. Over the past 10 years, T has underperformed USMV with an annualized return of 2.86%, while USMV has yielded a comparatively higher 9.75% annualized return.
T
- 1D
- -1.10%
- 1M
- -10.57%
- YTD
- -7.40%
- 6M
- -7.40%
- 1Y
- -16.38%
- 3Y*
- 18.39%
- 5Y*
- 6.60%
- 10Y*
- 2.86%
USMV
- 1D
- -0.43%
- 1M
- 1.28%
- YTD
- 1.55%
- 6M
- 2.27%
- 1Y
- 3.18%
- 3Y*
- 11.35%
- 5Y*
- 7.21%
- 10Y*
- 9.75%
T vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | -7.40% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.55% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
Correlation
The correlation between T and USMV is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.48 |
Over the past year, the correlation between T and USMV has dropped to 0.22 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
T vs. USMV — Risk / Return Rank
T
USMV
T vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and iShares MSCI USA Min Vol Factor ETF (USMV). 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 | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.07 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 0.49 | -1.25 |
| Martin ratioReturn relative to average drawdown | -1.59 | 1.64 | -3.23 |
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 | USMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 0.37 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.59 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.67 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.86 | -0.48 |
Drawdowns
T vs. USMV - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for T and USMV.
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Drawdown Indicators
| T | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -33.10% | -31.05% |
Max Drawdown (1Y)Largest decline over 1 year | -21.87% | -6.46% | -15.41% |
Max Drawdown (3Y)Largest decline over 3 years | -21.87% | -9.36% | -12.51% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -17.93% | -14.08% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | -33.10% | -9.25% |
Current DrawdownCurrent decline from peak | -21.87% | -2.24% | -19.63% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -2.88% | -12.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.34% | 1.94% | +8.40% |
Volatility
T vs. USMV - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 7.50% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.65%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 2.65% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 17.57% | 6.02% | +11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 8.57% | +13.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 12.36% | +11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 14.51% | +9.20% |
Dividends
T vs. USMV - Dividend Comparison
T's dividend yield for the trailing twelve months is around 4.93%, more than USMV's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
T AT&T Inc. | 4.93% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.54% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Frequently Asked Questions
T and USMV have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (7.50%) compared to USMV (2.65%). In terms of maximum drawdown, T dropped -64.15% vs USMV's -33.10%.
USMV currently has the higher Sharpe Ratio (0.37 vs -0.75), 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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