T vs. VOE

Last updated Jun 9, 2026

T (AT&T Inc.) is a stock, while VOE (Vanguard Mid-Cap Value ETF) is Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index. Over the past 10 years, T returned 2.86%/yr vs 10.54%/yr for VOE. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

T vs. VOE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. (T) and Vanguard Mid-Cap Value ETF (VOE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, T achieves a -7.40% return, which is significantly lower than VOE's 10.52% return. Over the past 10 years, T has underperformed VOE with an annualized return of 2.86%, while VOE has yielded a comparatively higher 10.54% 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%

VOE

• 1D: -0.22%
• 1M: 1.68%
• YTD: 10.52%
• 6M: 11.54%
• 1Y: 22.48%
• 3Y*: 15.80%
• 5Y*: 8.50%
• 10Y*: 10.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

T vs. VOE - 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%
VOE Vanguard Mid-Cap Value ETF	10.52%	12.08%	14.00%	9.85%	-7.97%	28.78%	2.65%	27.85%	-12.48%	17.07%

Correlation

The correlation between T and VOE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.25
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 Aug 25, 2006	0.50

Over the past year, the correlation between T and VOE has dropped to 0.11 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

T vs. VOE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

VOE

VOE Risk / Return Rank: 68
VOE Sharpe Ratio Rank: 66
VOE Sortino Ratio Rank: 70
VOE Omega Ratio Rank: 63
VOE Calmar Ratio Rank: 71
VOE Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

T vs. VOE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and Vanguard Mid-Cap Value ETF (VOE). 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	VOE	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	1.97	-2.72
Sortino ratio: Return per unit of downside risk	-0.98	2.84	-3.82
Omega ratio: Gain probability vs. loss probability	0.89	1.34	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.75	3.26	-4.01
Martin ratio: Return relative to average drawdown	-1.59	12.35	-13.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

T vs. VOE - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.75, which is lower than the VOE Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of T and VOE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	T	VOE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	1.97	-2.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.53	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.56	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.44	-0.06

Drawdowns

T vs. VOE - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, roughly equal to the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for T and VOE.

Drawdown Indicators

	T	VOE	Difference
Max Drawdown Largest peak-to-trough decline	-64.15%	-61.50%	-2.65%
Max Drawdown (1Y) Largest decline over 1 year	-21.87%	-6.93%	-14.94%
Max Drawdown (3Y) Largest decline over 3 years	-21.87%	-18.45%	-3.42%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-19.70%	-12.31%
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	-43.18%	+0.83%
Current Drawdown Current decline from peak	-21.87%	-1.12%	-20.75%
Average Drawdown Average peak-to-trough decline	-15.72%	-8.35%	-7.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.34%	1.82%	+8.52%

Volatility

T vs. VOE - Volatility Comparison

AT&T Inc. (T) has a higher volatility of 7.50% compared to Vanguard Mid-Cap Value ETF (VOE) at 2.55%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	T	VOE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.50%	2.55%	+4.95%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	8.20%	+9.37%
Volatility (1Y) Calculated over the trailing 1-year period	21.98%	11.51%	+10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.97%	16.04%	+7.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	18.83%	+4.88%

Dividends

T vs. VOE - Dividend Comparison

T's dividend yield for the trailing twelve months is around 4.93%, more than VOE's 1.88% 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%
VOE Vanguard Mid-Cap Value ETF	1.88%	2.10%	2.11%	2.27%	2.27%	1.78%	2.36%	2.05%	2.75%	1.86%	1.92%	2.05%

Frequently Asked Questions

Can I hold both T and VOE in my portfolio?

T and VOE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, T or VOE?

T has higher volatility (7.50%) compared to VOE (2.55%). In terms of maximum drawdown, T dropped -64.15% vs VOE's -61.50%.

Which has better risk-adjusted returns?

VOE currently has the higher Sharpe Ratio (1.97 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.