GOOGL vs. SBAC
GOOGL (Alphabet Inc. Class A) and SBAC (SBA Communications Corporation) are both stocks. GOOGL operates in Internet Content & Information (Communication Services), while SBAC operates in REIT - Specialty (Real Estate). Over the past 10 years, GOOGL returned 25.65%/yr vs 8.45%/yr for SBAC. At a 0.28 correlation, their price movements are largely independent.
Performance
GOOGL vs. SBAC - Performance Comparison
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Returns By Period
In the year-to-date period, GOOGL achieves a 14.01% return, which is significantly higher than SBAC's 8.57% return. Over the past 10 years, GOOGL has outperformed SBAC with an annualized return of 25.65%, while SBAC has yielded a comparatively lower 8.45% annualized return.
GOOGL
- 1D
- -2.16%
- 1M
- -8.25%
- YTD
- 14.01%
- 6M
- 11.44%
- 1Y
- 100.11%
- 3Y*
- 43.28%
- 5Y*
- 24.23%
- 10Y*
- 25.65%
SBAC
- 1D
- 1.25%
- 1M
- -3.99%
- YTD
- 8.57%
- 6M
- 10.98%
- 1Y
- -6.16%
- 3Y*
- -0.62%
- 5Y*
- -6.71%
- 10Y*
- 8.45%
GOOGL vs. SBAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 14.01% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
SBAC SBA Communications Corporation | 8.57% | -3.13% | -18.18% | -8.15% | -27.30% | 38.95% | 17.81% | 49.30% | -0.90% | 58.20% |
Correlation
The correlation between GOOGL and SBAC 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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2004 | 0.28 |
The correlation between GOOGL and SBAC shifts across timeframes, from -0.02 (3 years) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
GOOGL:
$4.36T
SBAC:
$22.00B
GOOGL:
$13.11
SBAC:
$9.50
GOOGL:
27.18
SBAC:
21.82
GOOGL:
1.34
SBAC:
0.44
GOOGL:
10.30
SBAC:
7.78
GOOGL:
$422.57B
SBAC:
$2.85B
GOOGL:
$255.12B
SBAC:
$1.28B
GOOGL:
$174.08B
SBAC:
$1.74B
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Return for Risk
GOOGL vs. SBAC — Risk / Return Rank
GOOGL
SBAC
GOOGL vs. SBAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) and SBA Communications Corporation (SBAC). 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.
| GOOGL | SBAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.62 | ||
| Sortino ratioReturn per unit of downside risk | +4.81 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 0.99 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 4.94 | -0.21 | +5.15 |
| Martin ratioReturn relative to average drawdown | 17.81 | -0.39 | +18.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOOGL | SBAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.43 | -0.19 | +3.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | -0.23 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.30 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.23 | +0.61 |
Drawdowns
GOOGL vs. SBAC - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, smaller than the maximum SBAC drawdown of -99.65%. Use the drawdown chart below to compare losses from any high point for GOOGL and SBAC.
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Drawdown Indicators
| GOOGL | SBAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.29% | -99.65% | +34.36% |
Max Drawdown (1Y)Largest decline over 1 year | -20.37% | -29.80% | +9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -32.21% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -44.32% | -54.50% | +10.18% |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | -54.50% | +10.18% |
Current DrawdownCurrent decline from peak | -11.43% | -42.54% | +31.11% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -35.39% | +22.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 15.90% | -10.24% |
Volatility
GOOGL vs. SBAC - Volatility Comparison
The current volatility for Alphabet Inc. Class A (GOOGL) is 8.39%, while SBA Communications Corporation (SBAC) has a volatility of 10.58%. This indicates that GOOGL experiences smaller price fluctuations and is considered to be less risky than SBAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOGL | SBAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 10.58% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 20.86% | 27.66% | -6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.35% | 32.45% | -3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.34% | 29.34% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 28.12% | +1.01% |
Dividends
GOOGL vs. SBAC - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.24%, less than SBAC's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SBAC SBA Communications Corporation | 2.28% | 2.30% | 1.92% | 1.34% | 1.01% | 0.60% | 0.66% | 0.31% |
Financials
GOOGL vs. SBAC - Financials Comparison
This section allows you to compare key financial metrics between Alphabet Inc. Class A and SBA Communications Corporation. 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
GOOGL vs. SBAC - Profitability Comparison
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
SBAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SBA Communications Corporation reported a gross profit of 0.00 and revenue of 703.44M. Therefore, the gross margin over that period was 0.0%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
SBAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SBA Communications Corporation reported an operating income of 342.85M and revenue of 703.44M, resulting in an operating margin of 48.7%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
SBAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SBA Communications Corporation reported a net income of 184.83M and revenue of 703.44M, resulting in a net margin of 26.3%.
Frequently Asked Questions
GOOGL and SBAC 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.
SBAC has higher volatility (10.58%) compared to GOOGL (8.39%). In terms of maximum drawdown, GOOGL dropped -65.29% vs SBAC's -99.65%.
GOOGL currently has the higher Sharpe Ratio (3.43 vs -0.19), 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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