SBAC vs. T

Last updated Jul 21, 2026

SBAC (SBA Communications Corporation) and T (AT&T Inc.) are both stocks. SBAC operates in REIT - Specialty (Real Estate), while T operates in Telecom Services (Communication Services). Over the past 10 years, SBAC returned 5.84%/yr vs 2.10%/yr for T. At a 0.25 correlation, their price movements are largely independent.

Performance

SBAC vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SBA Communications Corporation (SBAC) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBAC achieves a -4.71% return, which is significantly higher than T's -7.04% return. Over the past 10 years, SBAC has outperformed T with an annualized return of 5.84%, while T has yielded a comparatively lower 2.10% annualized return.

SBAC

• 1D: -2.00%
• 1M: -2.62%
• 6M: -5.05%
• YTD: -4.71%
• 1Y: -20.37%
• 3Y*: -5.20%
• 5Y*: -9.92%
• 10Y*: 5.84%
• ALL TIME*: 12.09%

T

• 1D: 0.64%
• 1M: 2.62%
• 6M: -2.84%
• YTD: -7.04%
• 1Y: -13.37%
• 3Y*: 20.93%
• 5Y*: 7.13%
• 10Y*: 2.10%
• ALL TIME*: 9.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SBAC vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBAC SBA Communications Corporation	-4.71%	-3.13%	-18.18%	-8.15%	-27.30%	38.95%	17.81%	49.30%	-0.90%	58.20%
T AT&T Inc.	-7.04%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between SBAC and T is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 16, 1999	0.25

Fundamentals

Market Cap SBAC : $19.30B T : $152.52B
EPS SBAC : $9.52 T : $3.05
PE Ratio SBAC : 19.11 T : 7.19
PEG Ratio SBAC : 0.39 T : 0.30
PS Ratio SBAC : 6.81 T : 1.25
Total Revenue (TTM) SBAC : $2.85B T : $125.65B
Gross Profit (TTM) SBAC : $1.28B T : $105.41B
EBITDA (TTM) SBAC : $1.74B T : $54.70B

Return for Risk

SBAC vs. T — Risk / Return Rank

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

SBAC

SBAC Risk / Return Rank: 17
SBAC Sharpe Ratio Rank: 17
SBAC Sortino Ratio Rank: 16
SBAC Omega Ratio Rank: 17
SBAC Calmar Ratio Rank: 19
SBAC Martin Ratio Rank: 16

T

T Risk / Return Rank: 22
T Sharpe Ratio Rank: 19
T Sortino Ratio Rank: 19
T Omega Ratio Rank: 20
T Calmar Ratio Rank: 29
T Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SBAC vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SBA Communications Corporation (SBAC) and AT&T Inc. (T). 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	T	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	-0.57	-0.04
Sortino ratio: Return per unit of downside risk	-0.86	-0.67	-0.19
Omega ratio: Gain probability vs. loss probability	0.90	0.92	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.69	-0.46	-0.22
Martin ratio: Return relative to average drawdown	-1.19	-1.03	-0.15

SBAC vs. T - Sharpe Ratio Comparison

The current SBAC Sharpe Ratio is -0.61, which is comparable to the T Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of SBAC and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SBAC vs. T - Drawdown Comparison

The maximum SBAC drawdown since its inception was -99.65%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for SBAC and T.

Drawdown Indicators

	SBAC	T	Difference
Max Drawdown Largest peak-to-trough decline	-99.65%	-64.15%	-35.50%
Max Drawdown (1Y) Largest decline over 1 year	-29.80%	-28.89%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-32.21%	-28.89%	-3.32%
Max Drawdown (5Y) Largest decline over 5 years	-54.50%	-32.01%	-22.49%
Max Drawdown (10Y) Largest decline over 10 years	-54.50%	-42.35%	-12.15%
Current Drawdown Current decline from peak	-49.57%	-21.57%	-28.00%
Average Drawdown Average peak-to-trough decline	-35.44%	-15.74%	-19.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.18%	12.94%	+4.24%

Volatility

SBAC vs. T - Volatility Comparison

The current volatility for SBA Communications Corporation (SBAC) is 8.56%, while AT&T Inc. (T) has a volatility of 9.59%. This indicates that SBAC experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBAC	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	9.59%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	28.77%	19.91%	+8.86%
Volatility (1Y) Calculated over the trailing 1-year period	33.51%	23.72%	+9.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.63%	24.38%	+5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.15%	23.92%	+4.23%

Dividends

SBAC vs. T - Dividend Comparison

SBAC's dividend yield for the trailing twelve months is around 2.59%, less than T's 6.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBAC SBA Communications Corporation	2.59%	2.30%	1.92%	1.34%	1.01%	0.60%	0.66%	0.31%	0.00%	0.00%	0.00%	0.00%
T AT&T Inc.	6.58%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Financials

Frequently Asked Questions

Can I hold both SBAC and T in my portfolio?

SBAC and T have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBAC or T?

T has higher volatility (9.59%) compared to SBAC (8.56%). In terms of maximum drawdown, SBAC dropped -99.65% vs T's -64.15%.

Which has better risk-adjusted returns?

T currently has the higher Sharpe Ratio (-0.57 vs -0.61), 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.