SBAC vs. FNGU
SBAC (SBA Communications Corporation) is a stock, while FNGU (MicroSectors FANG+ 3X Leveraged ETNs) is Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%). Over the past year, SBAC returned -14.99% vs 20.49% for FNGU. At a correlation of -0.21, they often move in opposite directions.
Performance
SBAC vs. FNGU - Performance Comparison
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Returns By Period
In the year-to-date period, SBAC achieves a -0.49% return, which is significantly lower than FNGU's 13.38% return.
SBAC
- 1D
- 4.14%
- 1M
- -7.21%
- 6M
- 6.23%
- YTD
- -0.49%
- 1Y
- -14.99%
- 3Y*
- -5.88%
- 5Y*
- -8.99%
- 10Y*
- 6.33%
FNGU
- 1D
- 0.77%
- 1M
- 9.06%
- 6M
- 14.10%
- YTD
- 13.38%
- 1Y
- 20.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBAC vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBAC SBA Communications Corporation | -0.49% | -4.98% |
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 13.38% | 3.02% |
Correlation
The correlation between SBAC and FNGU is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.21 |
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Return for Risk
SBAC vs. FNGU — Risk / Return Rank
SBAC
FNGU
SBAC vs. FNGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SBA Communications Corporation (SBAC) and MicroSectors FANG+ 3X Leveraged ETNs (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.
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.
| SBAC | FNGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.10 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 0.32 | -0.87 |
| Martin ratioReturn relative to average drawdown | -0.98 | 0.73 | -1.71 |
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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 -61.30%. Use the drawdown chart below to compare losses from any high point for SBAC and FNGU.
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Drawdown Indicators
| SBAC | FNGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -61.30% | -38.35% |
Max Drawdown (1Y)Largest decline over 1 year | -29.80% | -59.55% | +29.75% |
Max Drawdown (3Y)Largest decline over 3 years | -32.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -54.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.50% | — | — |
Current DrawdownCurrent decline from peak | -47.33% | -20.77% | -26.56% |
Average DrawdownAverage peak-to-trough decline | -35.43% | -22.44% | -12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.88% | 25.87% | -8.99% |
Volatility
SBAC vs. FNGU - Volatility Comparison
The current volatility for SBA Communications Corporation (SBAC) is 9.73%, while MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a volatility of 25.17%. 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.
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Volatility by Period
| SBAC | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.73% | 25.17% | -15.44% |
Volatility (6M)Calculated over the trailing 6-month period | 28.83% | 52.72% | -23.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.48% | 64.14% | -30.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 80.11% | -50.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.13% | 80.11% | -51.98% |
Dividends
SBAC vs. FNGU - Dividend Comparison
SBAC's dividend yield for the trailing twelve months is around 2.48%, while FNGU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SBAC SBA Communications Corporation | 2.48% | 2.30% | 1.92% | 1.34% | 1.01% | 0.60% | 0.66% | 0.31% |
Frequently Asked Questions
SBAC and FNGU have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGU has higher volatility (25.17%) compared to SBAC (9.73%). In terms of maximum drawdown, SBAC dropped -99.65% vs FNGU's -61.30%.
FNGU currently has the higher Sharpe Ratio (0.30 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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