TROW vs. T

Last updated Jun 13, 2026

TROW (T. Rowe Price Group, Inc.) and T (AT&T Inc.) are both stocks. TROW operates in Asset Management (Financial Services), while T operates in Telecom Services (Communication Services). Over the past 10 years, TROW returned 8.25%/yr vs 3.33%/yr for T. At a 0.28 correlation, their price movements are largely independent.

Performance

TROW vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Group, Inc. (TROW) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TROW achieves a 8.69% return, which is significantly higher than T's -2.96% return. Over the past 10 years, TROW has outperformed T with an annualized return of 8.25%, while T has yielded a comparatively lower 3.33% annualized return.

TROW

• 1D: 1.27%
• 1M: 6.44%
• YTD: 8.69%
• 6M: 7.38%
• 1Y: 22.18%
• 3Y*: 4.23%
• 5Y*: -6.62%
• 10Y*: 8.25%

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%

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

TROW vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TROW T. Rowe Price Group, Inc.	8.69%	-4.67%	9.68%	3.35%	-42.24%	34.91%	28.11%	35.61%	-9.75%	43.38%
T AT&T Inc.	-2.96%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between TROW and T is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 13, 1989	0.28

The correlation between TROW and T shifts across timeframes, from -0.02 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS TROW : $9.80 T : $3.04
PE Ratio TROW : 11.19 T : 7.74
PS Ratio TROW : 3.26 T : 1.35
Total Revenue (TTM) TROW : $7.41B T : $125.65B
Gross Profit (TTM) TROW : $3.66B T : $105.41B
EBITDA (TTM) TROW : $2.87B T : $54.70B

Return for Risk

TROW vs. T — Risk / Return Rank

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

TROW

TROW Risk / Return Rank: 67
TROW Sharpe Ratio Rank: 72
TROW Sortino Ratio Rank: 66
TROW Omega Ratio Rank: 64
TROW Calmar Ratio Rank: 66
TROW Martin Ratio Rank: 67

T

T Risk / Return Rank: 18
T Sharpe Ratio Rank: 17
T Sortino Ratio Rank: 17
T Omega Ratio Rank: 18
T Calmar Ratio Rank: 21
T Martin Ratio Rank: 15

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.

TROW vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Group, Inc. (TROW) and AT&T Inc. (T). 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.

	TROW	T	Difference
Sharpe ratio: Return per unit of total volatility	0.94	-0.59	+1.52
Sortino ratio: Return per unit of downside risk	1.39	-0.72	+2.12
Omega ratio: Gain probability vs. loss probability	1.18	0.92	+0.26
Calmar ratio: Return relative to maximum drawdown	1.13	-0.59	+1.72
Martin ratio: Return relative to average drawdown	2.77	-1.22	+3.99

TROW vs. T - Sharpe Ratio Comparison

The current TROW Sharpe Ratio is 0.94, which is higher than the T Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of TROW and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TROW vs. T - Drawdown Comparison

The maximum TROW drawdown since its inception was -67.43%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for TROW and T.

Drawdown Indicators

	TROW	T	Difference
Max Drawdown Largest peak-to-trough decline	-67.43%	-64.15%	-3.28%
Max Drawdown (1Y) Largest decline over 1 year	-19.76%	-21.87%	+2.11%
Max Drawdown (3Y) Largest decline over 3 years	-34.05%	-21.87%	-12.18%
Max Drawdown (5Y) Largest decline over 5 years	-58.16%	-32.01%	-26.15%
Max Drawdown (10Y) Largest decline over 10 years	-58.16%	-42.35%	-15.81%
Current Drawdown Current decline from peak	-39.77%	-18.12%	-21.65%
Average Drawdown Average peak-to-trough decline	-16.68%	-15.72%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.02%	10.64%	-2.62%

Volatility

TROW vs. T - Volatility Comparison

The current volatility for T. Rowe Price Group, Inc. (TROW) is 4.34%, while AT&T Inc. (T) has a volatility of 8.21%. This indicates that TROW experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TROW	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	8.21%	-3.87%
Volatility (6M) Calculated over the trailing 6-month period	17.09%	17.80%	-0.71%
Volatility (1Y) Calculated over the trailing 1-year period	23.79%	22.13%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.47%	24.01%	+6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.00%	23.73%	+6.27%

Dividends

TROW vs. T - Dividend Comparison

TROW's dividend yield for the trailing twelve months is around 4.66%, less than T's 4.71% 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%
TROW T. Rowe Price Group, Inc.	4.66%	4.96%	4.39%	4.53%	4.40%	3.72%	2.38%	2.50%	3.03%	2.17%	2.87%	5.71%

Financials

Frequently Asked Questions

Can I hold both TROW and T in my portfolio?

TROW and T have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TROW or T?

T has higher volatility (8.21%) compared to TROW (4.34%). In terms of maximum drawdown, TROW dropped -67.43% vs T's -64.15%.

Which has better risk-adjusted returns?

TROW currently has the higher Sharpe Ratio (0.94 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.