VOE vs. T

Last updated Jun 9, 2026

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

Performance

VOE vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Value ETF (VOE) 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, VOE achieves a 10.52% return, which is significantly higher than T's -7.40% return. Over the past 10 years, VOE has outperformed T with an annualized return of 10.54%, while T has yielded a comparatively lower 2.86% annualized return.

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%

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%

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

VOE vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

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

Return for Risk

VOE vs. T — Risk / Return Rank

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

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

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

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.

VOE vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) 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.

	VOE	T	Difference
Sharpe ratio: Return per unit of total volatility	1.97	-0.75	+2.72
Sortino ratio: Return per unit of downside risk	2.84	-0.98	+3.82
Omega ratio: Gain probability vs. loss probability	1.34	0.89	+0.46
Calmar ratio: Return relative to maximum drawdown	3.26	-0.75	+4.01
Martin ratio: Return relative to average drawdown	12.35	-1.59	+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.

VOE vs. T - Sharpe Ratio Comparison

The current VOE Sharpe Ratio is 1.97, which is higher than the T Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of VOE 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.

Sharpe Ratios by Period

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

Drawdowns

VOE vs. T - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

VOE vs. T - Volatility Comparison

The current volatility for Vanguard Mid-Cap Value ETF (VOE) is 2.55%, while AT&T Inc. (T) has a volatility of 7.50%. This indicates that VOE 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

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

Dividends

VOE vs. T - Dividend Comparison

VOE's dividend yield for the trailing twelve months is around 1.88%, less than T's 4.93% 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 VOE and T in my portfolio?

VOE and T 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, VOE or T?

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

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.