T vs. VWO

Last updated Jun 9, 2026

T (AT&T Inc.) is a stock, while VWO (Vanguard FTSE Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index. Over the past 10 years, T returned 2.86%/yr vs 8.60%/yr for VWO. At a 0.38 correlation, their price movements are largely independent.

Performance

T vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. (T) and Vanguard FTSE Emerging Markets ETF (VWO). 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 VWO's 8.50% return. Over the past 10 years, T has underperformed VWO with an annualized return of 2.86%, while VWO has yielded a comparatively higher 8.60% 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%

VWO

• 1D: 0.52%
• 1M: -3.65%
• YTD: 8.50%
• 6M: 9.73%
• 1Y: 24.29%
• 3Y*: 16.22%
• 5Y*: 4.65%
• 10Y*: 8.60%

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

T vs. VWO - 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%
VWO Vanguard FTSE Emerging Markets ETF	8.50%	25.60%	10.59%	9.25%	-17.98%	1.26%	15.17%	20.75%	-14.76%	31.49%

Correlation

The correlation between T and VWO is -0.10, 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	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005	0.38

The correlation between T and VWO shifts across timeframes, from -0.10 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

T vs. VWO — 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

VWO

VWO Risk / Return Rank: 49
VWO Sharpe Ratio Rank: 47
VWO Sortino Ratio Rank: 47
VWO Omega Ratio Rank: 50
VWO Calmar Ratio Rank: 49
VWO Martin Ratio Rank: 51

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. VWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and Vanguard FTSE Emerging Markets ETF (VWO). 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	VWO	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	1.49	-2.24
Sortino ratio: Return per unit of downside risk	-0.98	2.08	-3.06
Omega ratio: Gain probability vs. loss probability	0.89	1.28	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.75	2.18	-2.94
Martin ratio: Return relative to average drawdown	-1.59	7.79	-9.38
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. VWO - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.75, which is lower than the VWO Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of T and VWO, 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	VWO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	1.49	-2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.27	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.45	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.26	+0.12

Drawdowns

T vs. VWO - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for T and VWO.

Drawdown Indicators

	T	VWO	Difference
Max Drawdown Largest peak-to-trough decline	-64.15%	-67.68%	+3.53%
Max Drawdown (1Y) Largest decline over 1 year	-21.87%	-11.17%	-10.70%
Max Drawdown (3Y) Largest decline over 3 years	-21.87%	-17.37%	-4.50%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-32.60%	+0.59%
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	-36.39%	-5.96%
Current Drawdown Current decline from peak	-21.87%	-4.67%	-17.20%
Average Drawdown Average peak-to-trough decline	-15.72%	-15.81%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.34%	3.12%	+7.22%

Volatility

T vs. VWO - Volatility Comparison

AT&T Inc. (T) has a higher volatility of 7.50% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 6.29%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	T	VWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.50%	6.29%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	13.80%	+3.77%
Volatility (1Y) Calculated over the trailing 1-year period	21.98%	16.37%	+5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.97%	17.45%	+6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	19.23%	+4.48%

Dividends

T vs. VWO - Dividend Comparison

T's dividend yield for the trailing twelve months is around 4.93%, more than VWO's 2.49% 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%
VWO Vanguard FTSE Emerging Markets ETF	2.49%	2.79%	3.20%	3.52%	4.11%	2.63%	1.91%	3.23%	2.88%	2.30%	2.52%	3.26%

Frequently Asked Questions

Can I hold both T and VWO in my portfolio?

T and VWO have a correlation of -0.10, 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 VWO?

T has higher volatility (7.50%) compared to VWO (6.29%). In terms of maximum drawdown, T dropped -64.15% vs VWO's -67.68%.

Which has better risk-adjusted returns?

VWO currently has the higher Sharpe Ratio (1.49 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.