SBAC vs. SPY
Compare and contrast key facts about SBA Communications Corporation (SBAC) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SBAC or SPY.
Correlation
The correlation between SBAC and SPY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SBAC vs. SPY - Performance Comparison
Key characteristics
SBAC:
0.14
SPY:
0.62
SBAC:
0.38
SPY:
0.90
SBAC:
1.05
SPY:
1.12
SBAC:
0.07
SPY:
0.86
SBAC:
0.33
SPY:
2.84
SBAC:
11.01%
SPY:
3.03%
SBAC:
26.22%
SPY:
13.88%
SBAC:
-99.65%
SPY:
-55.19%
SBAC:
-40.60%
SPY:
-8.20%
Returns By Period
In the year-to-date period, SBAC achieves a 8.71% return, which is significantly higher than SPY's -4.00% return. Over the past 10 years, SBAC has underperformed SPY with an annualized return of 6.96%, while SPY has yielded a comparatively higher 12.47% annualized return.
SBAC
8.71%
1.68%
-8.28%
5.02%
-3.19%
6.96%
SPY
-4.00%
-5.31%
-0.72%
8.80%
19.18%
12.47%
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Risk-Adjusted Performance
SBAC vs. SPY — Risk-Adjusted Performance Rank
SBAC
SPY
SBAC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SBA Communications Corporation (SBAC) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SBAC vs. SPY - Dividend Comparison
SBAC's dividend yield for the trailing twelve months is around 1.84%, more than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | 1.84% | 1.92% | 1.34% | 1.01% | 0.60% | 0.66% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SBAC vs. SPY - Drawdown Comparison
The maximum SBAC drawdown since its inception was -99.65%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SBAC and SPY. For additional features, visit the drawdowns tool.
Volatility
SBAC vs. SPY - Volatility Comparison
SBA Communications Corporation (SBAC) and SPDR S&P 500 ETF (SPY) have volatilities of 5.74% and 5.81%, 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.