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SBAC vs. FNGU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SBAC and FNGU is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.4

Performance

SBAC vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SBA Communications Corporation (SBAC) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). The values are adjusted to include any dividend payments, if applicable.

0.00%200.00%400.00%600.00%800.00%1,000.00%1,200.00%NovemberDecember2025FebruaryMarchApril
41.22%
508.78%
SBAC
FNGU

Key characteristics

Sharpe Ratio

SBAC:

0.57

FNGU:

0.28

Sortino Ratio

SBAC:

0.98

FNGU:

1.02

Omega Ratio

SBAC:

1.12

FNGU:

1.14

Calmar Ratio

SBAC:

0.30

FNGU:

0.42

Martin Ratio

SBAC:

1.51

FNGU:

1.05

Ulcer Index

SBAC:

10.18%

FNGU:

25.10%

Daily Std Dev

SBAC:

27.09%

FNGU:

93.00%

Max Drawdown

SBAC:

-99.65%

FNGU:

-92.34%

Current Drawdown

SBAC:

-39.95%

FNGU:

-53.09%

Returns By Period

In the year-to-date period, SBAC achieves a 9.91% return, which is significantly higher than FNGU's -44.14% return.


SBAC

YTD

9.91%

1M

3.98%

6M

-8.56%

1Y

14.14%

5Y*

-5.02%

10Y*

7.15%

FNGU

YTD

-44.14%

1M

-28.97%

6M

-26.52%

1Y

13.76%

5Y*

40.86%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

SBAC vs. FNGU — Risk-Adjusted Performance Rank

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

SBAC
The Risk-Adjusted Performance Rank of SBAC is 6868
Overall Rank
The Sharpe Ratio Rank of SBAC is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of SBAC is 6666
Sortino Ratio Rank
The Omega Ratio Rank of SBAC is 6464
Omega Ratio Rank
The Calmar Ratio Rank of SBAC is 6666
Calmar Ratio Rank
The Martin Ratio Rank of SBAC is 7070
Martin Ratio Rank

FNGU
The Risk-Adjusted Performance Rank of FNGU is 5656
Overall Rank
The Sharpe Ratio Rank of FNGU is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of FNGU is 6868
Sortino Ratio Rank
The Omega Ratio Rank of FNGU is 6767
Omega Ratio Rank
The Calmar Ratio Rank of FNGU is 5858
Calmar Ratio Rank
The Martin Ratio Rank of FNGU is 4646
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SBAC vs. FNGU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SBA Communications Corporation (SBAC) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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.


The chart of Sharpe ratio for SBAC, currently valued at 0.57, compared to the broader market-2.00-1.000.001.002.003.00
SBAC: 0.57
FNGU: 0.26
The chart of Sortino ratio for SBAC, currently valued at 0.98, compared to the broader market-6.00-4.00-2.000.002.004.00
SBAC: 0.98
FNGU: 0.99
The chart of Omega ratio for SBAC, currently valued at 1.12, compared to the broader market0.501.001.502.00
SBAC: 1.12
FNGU: 1.13
The chart of Calmar ratio for SBAC, currently valued at 0.30, compared to the broader market0.001.002.003.004.005.00
SBAC: 0.30
FNGU: 0.38
The chart of Martin ratio for SBAC, currently valued at 1.51, compared to the broader market-10.00-5.000.005.0010.0015.0020.00
SBAC: 1.51
FNGU: 0.95

The current SBAC Sharpe Ratio is 0.57, which is higher than the FNGU Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of SBAC and FNGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.57
0.26
SBAC
FNGU

Dividends

SBAC vs. FNGU - Dividend Comparison

SBAC's dividend yield for the trailing twelve months is around 1.82%, while FNGU has not paid dividends to shareholders.


TTM202420232022202120202019
SBAC
SBA Communications Corporation
1.82%1.92%1.34%1.01%0.60%0.66%0.31%
FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SBAC vs. FNGU - Drawdown Comparison

The maximum SBAC drawdown since its inception was -99.65%, which is greater than FNGU's maximum drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for SBAC and FNGU. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-39.95%
-53.09%
SBAC
FNGU

Volatility

SBAC vs. FNGU - Volatility Comparison

The current volatility for SBA Communications Corporation (SBAC) is 10.67%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 52.20%. This indicates that SBAC experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
10.67%
52.20%
SBAC
FNGU