SBAC vs. SGOV
SBAC (SBA Communications Corporation) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, SBAC returned -9.74%/yr vs 3.62%/yr for SGOV. At a 0.02 correlation, their price movements are largely independent.
Performance
SBAC vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SBAC achieves a -3.10% return, which is significantly lower than SGOV's 1.95% return.
SBAC
- 1D
- -1.10%
- 1M
- -5.46%
- 6M
- -2.38%
- YTD
- -3.10%
- 1Y
- -19.02%
- 3Y*
- -4.61%
- 5Y*
- -9.74%
- 10Y*
- 5.96%
SGOV
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 1.95%
- 1Y
- 3.87%
- 3Y*
- 4.66%
- 5Y*
- 3.62%
- 10Y*
- —
SBAC vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | -3.10% | -3.13% | -18.18% | -8.15% | -27.30% | 38.95% | -6.57% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.95% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between SBAC and SGOV 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 | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.02 |
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Return for Risk
SBAC vs. SGOV — Risk / Return Rank
SBAC
SGOV
SBAC vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SBA Communications Corporation (SBAC) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.41 | ||
| Sortino ratioReturn per unit of downside risk | -383.60 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 383.06 | -382.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 390.94 | -391.58 |
| Martin ratioReturn relative to average drawdown | -1.12 | 6,193.70 | -6,194.81 |
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Drawdowns
SBAC vs. SGOV - Drawdown Comparison
The maximum SBAC drawdown since its inception was -99.65%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SBAC and SGOV.
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Drawdown Indicators
| SBAC | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -0.03% | -99.62% |
Max Drawdown (1Y)Largest decline over 1 year | -29.80% | -0.01% | -29.79% |
Max Drawdown (3Y)Largest decline over 3 years | -32.21% | -0.01% | -32.20% |
Max Drawdown (5Y)Largest decline over 5 years | -54.50% | -0.03% | -54.47% |
Max Drawdown (10Y)Largest decline over 10 years | -54.50% | — | — |
Current DrawdownCurrent decline from peak | -48.72% | 0.00% | -48.72% |
Average DrawdownAverage peak-to-trough decline | -35.43% | -0.00% | -35.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.07% | 0.00% | +17.07% |
Volatility
SBAC vs. SGOV - Volatility Comparison
SBA Communications Corporation (SBAC) has a higher volatility of 8.57% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that SBAC's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBAC | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 0.05% | +8.52% |
Volatility (6M)Calculated over the trailing 6-month period | 28.78% | 0.13% | +28.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.43% | 0.19% | +33.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.61% | 0.24% | +29.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.14% | 0.24% | +27.90% |
Dividends
SBAC vs. SGOV - Dividend Comparison
SBAC's dividend yield for the trailing twelve months is around 2.55%, less than SGOV's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | 2.55% | 2.30% | 1.92% | 1.34% | 1.01% | 0.60% | 0.66% | 0.31% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% |
Frequently Asked Questions
SBAC and SGOV 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 (8.57%) compared to SGOV (0.05%). In terms of maximum drawdown, SBAC dropped -99.65% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.84 vs -0.57), 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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