SBAC vs. MDT
SBAC (SBA Communications Corporation) and MDT (Medtronic plc) are both stocks. SBAC operates in REIT - Specialty (Real Estate), while MDT operates in Medical Devices (Healthcare). Over the past 10 years, SBAC returned 8.07%/yr vs 2.04%/yr for MDT. At a 0.26 correlation, their price movements are largely independent.
Performance
SBAC vs. MDT - Performance Comparison
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Returns By Period
In the year-to-date period, SBAC achieves a 4.78% return, which is significantly higher than MDT's -15.31% return. Over the past 10 years, SBAC has outperformed MDT with an annualized return of 8.07%, while MDT has yielded a comparatively lower 2.04% annualized return.
SBAC
- 1D
- -3.81%
- 1M
- -7.73%
- YTD
- 4.78%
- 6M
- 6.13%
- 1Y
- -9.24%
- 3Y*
- -1.79%
- 5Y*
- -7.33%
- 10Y*
- 8.07%
MDT
- 1D
- -1.20%
- 1M
- 5.96%
- YTD
- -15.31%
- 6M
- -19.07%
- 1Y
- -4.79%
- 3Y*
- 2.04%
- 5Y*
- -5.25%
- 10Y*
- 2.04%
SBAC vs. MDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | 4.78% | -3.13% | -18.18% | -8.15% | -27.30% | 38.95% | 17.81% | 49.30% | -0.90% | 58.20% |
MDT Medtronic plc | -15.31% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
Correlation
The correlation between SBAC and MDT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 1999 | 0.26 |
The correlation between SBAC and MDT shifts across timeframes, from 0.12 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SBAC:
$21.23B
MDT:
$103.94B
SBAC:
$9.50
MDT:
$3.58
SBAC:
21.06
MDT:
22.52
SBAC:
0.43
MDT:
2.03
SBAC:
7.51
MDT:
2.93
SBAC:
$2.85B
MDT:
$35.48B
SBAC:
$1.28B
MDT:
$5.78B
SBAC:
$1.74B
MDT:
$7.11B
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Return for Risk
SBAC vs. MDT — Risk / Return Rank
SBAC
MDT
SBAC vs. MDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SBA Communications Corporation (SBAC) and Medtronic plc (MDT). 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.
| SBAC | MDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.98 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | -0.17 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.58 | -0.43 | -0.15 |
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
| SBAC | MDT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | -0.23 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.24 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.09 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.47 | -0.24 |
Drawdowns
SBAC vs. MDT - Drawdown Comparison
The maximum SBAC drawdown since its inception was -99.65%, which is greater than MDT's maximum drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for SBAC and MDT.
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Drawdown Indicators
| SBAC | MDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -57.63% | -42.02% |
Max Drawdown (1Y)Largest decline over 1 year | -29.80% | -28.90% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -32.21% | -28.90% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -54.50% | -45.10% | -9.40% |
Max Drawdown (10Y)Largest decline over 10 years | -54.50% | -45.10% | -9.40% |
Current DrawdownCurrent decline from peak | -44.54% | -30.81% | -13.73% |
Average DrawdownAverage peak-to-trough decline | -35.39% | -16.54% | -18.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.87% | 11.17% | +4.70% |
Volatility
SBAC vs. MDT - Volatility Comparison
SBA Communications Corporation (SBAC) and Medtronic plc (MDT) have volatilities of 10.12% and 10.04%, 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
| SBAC | MDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.12% | 10.04% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 27.55% | 16.19% | +11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.40% | 20.95% | +11.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.32% | 21.93% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.12% | 23.24% | +4.88% |
Dividends
SBAC vs. MDT - Dividend Comparison
SBAC's dividend yield for the trailing twelve months is around 2.36%, less than MDT's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.52% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
SBAC SBA Communications Corporation | 2.36% | 2.30% | 1.92% | 1.34% | 1.01% | 0.60% | 0.66% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SBAC vs. MDT - Financials Comparison
This section allows you to compare key financial metrics between SBA Communications Corporation and Medtronic plc. 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
Frequently Asked Questions
SBAC and MDT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBAC has higher volatility (10.12%) compared to MDT (10.04%). In terms of maximum drawdown, SBAC dropped -99.65% vs MDT's -57.63%.
MDT currently has the higher Sharpe Ratio (-0.23 vs -0.29), 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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