AMT vs. CCI
AMT (American Tower Corporation) and CCI (Crown Castle Inc.) are both stocks. Both operate in the REIT - Specialty industry within the Real Estate sector. Over the past 10 years, AMT returned 7.89%/yr vs 2.89%/yr for CCI. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
AMT vs. CCI - Performance Comparison
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Returns By Period
In the year-to-date period, AMT achieves a 4.18% return, which is significantly higher than CCI's -2.80% return. Over the past 10 years, AMT has outperformed CCI with an annualized return of 7.89%, while CCI has yielded a comparatively lower 2.89% annualized return.
AMT
- 1D
- 1.67%
- 1M
- -1.50%
- YTD
- 4.18%
- 6M
- 5.83%
- 1Y
- -15.94%
- 3Y*
- 2.32%
- 5Y*
- -4.51%
- 10Y*
- 7.89%
CCI
- 1D
- 1.46%
- 1M
- -6.72%
- YTD
- -2.80%
- 6M
- -1.19%
- 1Y
- -13.80%
- 3Y*
- -3.19%
- 5Y*
- -11.35%
- 10Y*
- 2.89%
AMT vs. CCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMT American Tower Corporation | 4.18% | -0.92% | -12.16% | 5.37% | -25.67% | 32.89% | -0.48% | 47.87% | 13.32% | 37.71% |
CCI Crown Castle Inc. | -2.80% | 2.96% | -16.39% | -10.24% | -32.57% | 35.08% | 15.49% | 35.45% | 1.75% | 32.97% |
Correlation
The correlation between AMT and CCI is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 1998 | 0.62 |
Over the past year, AMT and CCI have become more correlated (0.85) than their long-term average of 0.62, meaning their price movements have been converging.
Fundamentals
AMT:
$83.74B
CCI:
$36.85B
AMT:
$6.14
CCI:
$2.42
AMT:
29.19
CCI:
34.80
AMT:
7.77
CCI:
8.75
AMT:
$10.82B
CCI:
$4.21B
AMT:
$7.94B
CCI:
$2.03B
AMT:
$6.71B
CCI:
$2.15B
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Return for Risk
AMT vs. CCI — Risk / Return Rank
AMT
CCI
AMT vs. CCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Tower Corporation (AMT) and Crown Castle Inc. (CCI). 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.
| AMT | CCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.94 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.46 | -0.14 |
| Martin ratioReturn relative to average drawdown | -0.86 | -0.76 | -0.09 |
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Drawdowns
AMT vs. CCI - Drawdown Comparison
The maximum AMT drawdown since its inception was -98.70%, roughly equal to the maximum CCI drawdown of -97.52%. Use the drawdown chart below to compare losses from any high point for AMT and CCI.
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Drawdown Indicators
| AMT | CCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.70% | -97.52% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -26.67% | -30.01% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -27.54% | -30.77% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -45.34% | -55.48% | +10.14% |
Max Drawdown (10Y)Largest decline over 10 years | -45.34% | -55.48% | +10.14% |
Current DrawdownCurrent decline from peak | -30.93% | -49.36% | +18.43% |
Average DrawdownAverage peak-to-trough decline | -27.02% | -25.94% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.64% | 18.12% | +0.52% |
Volatility
AMT vs. CCI - Volatility Comparison
The current volatility for American Tower Corporation (AMT) is 8.61%, while Crown Castle Inc. (CCI) has a volatility of 9.48%. This indicates that AMT experiences smaller price fluctuations and is considered to be less risky than CCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMT | CCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 9.48% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 23.26% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.44% | 27.61% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.44% | 26.75% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.22% | 26.07% | +0.15% |
Dividends
AMT vs. CCI - Dividend Comparison
AMT's dividend yield for the trailing twelve months is around 3.89%, less than CCI's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMT American Tower Corporation | 3.89% | 3.87% | 3.53% | 2.99% | 2.77% | 1.78% | 2.02% | 1.64% | 1.99% | 1.84% | 2.05% | 1.87% |
CCI Crown Castle Inc. | 5.04% | 5.35% | 6.90% | 5.43% | 4.41% | 2.62% | 3.10% | 3.22% | 3.94% | 3.51% | 4.15% | 3.87% |
Financials
AMT vs. CCI - Financials Comparison
This section allows you to compare key financial metrics between American Tower Corporation and Crown Castle Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AMT vs. CCI - Profitability Comparison
AMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Tower Corporation reported a gross profit of 2.02B and revenue of 2.74B. Therefore, the gross margin over that period was 73.9%.
CCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Crown Castle Inc. reported a gross profit of 0.00 and revenue of 1.01B. Therefore, the gross margin over that period was 0.0%.
AMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Tower Corporation reported an operating income of 1.16B and revenue of 2.74B, resulting in an operating margin of 42.4%.
CCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Crown Castle Inc. reported an operating income of 465.00M and revenue of 1.01B, resulting in an operating margin of 46.0%.
AMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Tower Corporation reported a net income of 836.80M and revenue of 2.74B, resulting in a net margin of 30.6%.
CCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Crown Castle Inc. reported a net income of 151.00M and revenue of 1.01B, resulting in a net margin of 15.0%.
Frequently Asked Questions
AMT and CCI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCI has higher volatility (9.48%) compared to AMT (8.61%). In terms of maximum drawdown, AMT dropped -98.70% vs CCI's -97.52%.
CCI currently has the higher Sharpe Ratio (-0.50 vs -0.66), 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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