NSA vs. AMT
NSA (National Storage Affiliates Trust) and AMT (American Tower Corporation) are both stocks. Both are in the Real Estate sector — NSA in REIT - Industrial, AMT in REIT - Specialty. Over the past 10 years, NSA returned 12.39%/yr vs 8.14%/yr for AMT. At a 0.47 correlation, their price movements are largely independent.
Performance
NSA vs. AMT - Performance Comparison
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Returns By Period
In the year-to-date period, NSA achieves a 53.01% return, which is significantly higher than AMT's 4.84% return. Over the past 10 years, NSA has outperformed AMT with an annualized return of 12.39%, while AMT has yielded a comparatively lower 8.14% annualized return.
NSA
- 1D
- 1.19%
- 1M
- 1.83%
- YTD
- 53.01%
- 6M
- 46.74%
- 1Y
- 34.35%
- 3Y*
- 10.59%
- 5Y*
- 3.33%
- 10Y*
- 12.39%
AMT
- 1D
- -1.77%
- 1M
- 0.75%
- YTD
- 4.84%
- 6M
- 5.49%
- 1Y
- -11.45%
- 3Y*
- 1.89%
- 5Y*
- -4.38%
- 10Y*
- 8.14%
NSA vs. AMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSA National Storage Affiliates Trust | 53.01% | -20.19% | -3.53% | 21.94% | -45.37% | 98.04% | 11.67% | 32.41% | 1.21% | 29.01% |
AMT American Tower Corporation | 4.84% | -0.92% | -12.16% | 5.37% | -25.67% | 32.89% | -0.48% | 47.87% | 13.32% | 37.71% |
Correlation
The correlation between NSA and AMT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2015 | 0.47 |
The correlation between NSA and AMT shifts across timeframes, from 0.37 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NSA:
$3.27B
AMT:
$85.08B
NSA:
$1.16
AMT:
$6.14
NSA:
36.39
AMT:
29.66
NSA:
3.23
AMT:
8.46
NSA:
4.34
AMT:
7.89
NSA:
3.58
AMT:
23.29
NSA:
$749.98M
AMT:
$10.82B
NSA:
$212.81M
AMT:
$7.94B
NSA:
$396.95M
AMT:
$6.71B
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Return for Risk
NSA vs. AMT — Risk / Return Rank
NSA
AMT
NSA vs. AMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Storage Affiliates Trust (NSA) and American Tower Corporation (AMT). 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.
| NSA | AMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.94 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | -0.43 | +2.76 |
| Martin ratioReturn relative to average drawdown | 4.96 | -0.63 | +5.59 |
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
| NSA | AMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | -0.50 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.17 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.31 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.20 | +0.34 |
Drawdowns
NSA vs. AMT - Drawdown Comparison
The maximum NSA drawdown since its inception was -55.05%, smaller than the maximum AMT drawdown of -98.70%. Use the drawdown chart below to compare losses from any high point for NSA and AMT.
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Drawdown Indicators
| NSA | AMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -98.70% | +43.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.81% | -26.67% | +11.86% |
Max Drawdown (3Y)Largest decline over 3 years | -39.08% | -27.54% | -11.54% |
Max Drawdown (5Y)Largest decline over 5 years | -55.05% | -45.34% | -9.71% |
Max Drawdown (10Y)Largest decline over 10 years | -55.05% | -45.34% | -9.71% |
Current DrawdownCurrent decline from peak | -21.53% | -30.49% | +8.96% |
Average DrawdownAverage peak-to-trough decline | -18.02% | -27.02% | +9.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.94% | 18.22% | -11.28% |
Volatility
NSA vs. AMT - Volatility Comparison
National Storage Affiliates Trust (NSA) and American Tower Corporation (AMT) have volatilities of 7.45% and 7.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSA | AMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 7.26% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 32.34% | 18.40% | +13.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.30% | 23.21% | +16.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.59% | 26.23% | +5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.04% | 26.12% | +4.92% |
Dividends
NSA vs. AMT - Dividend Comparison
NSA's dividend yield for the trailing twelve months is around 5.38%, more than AMT's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMT American Tower Corporation | 3.78% | 3.87% | 3.53% | 2.99% | 2.77% | 1.78% | 2.02% | 1.64% | 1.99% | 1.84% | 2.05% | 1.87% |
NSA National Storage Affiliates Trust | 5.38% | 8.08% | 5.94% | 5.38% | 5.95% | 2.30% | 3.75% | 3.78% | 4.38% | 3.82% | 3.99% | 3.15% |
Financials
NSA vs. AMT - Financials Comparison
This section allows you to compare key financial metrics between National Storage Affiliates Trust and American Tower 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
NSA vs. AMT - Profitability Comparison
NSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Storage Affiliates Trust reported a gross profit of 0.00 and revenue of 185.40M. Therefore, the gross margin over that period was 0.0%.
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%.
NSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Storage Affiliates Trust reported an operating income of 0.00 and revenue of 185.40M, resulting in an operating margin of 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%.
NSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Storage Affiliates Trust reported a net income of 28.64M and revenue of 185.40M, resulting in a net margin of 15.5%.
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%.
Frequently Asked Questions
NSA and AMT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NSA has higher volatility (7.45%) compared to AMT (7.26%). In terms of maximum drawdown, NSA dropped -55.05% vs AMT's -98.70%.
NSA currently has the higher Sharpe Ratio (0.88 vs -0.49), 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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