T vs. SBAC

Last updated Jul 21, 2026

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

Performance

T vs. SBAC - Performance Comparison

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

Returns By Period

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

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%

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%

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

T vs. SBAC - Yearly Performance Comparison

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

Correlation

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

Return for Risk

T vs. SBAC — Risk / Return Rank

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

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

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

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.

T vs. SBAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and SBA Communications Corporation (SBAC). 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.

	T	SBAC	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	-0.61	+0.04
Sortino ratio: Return per unit of downside risk	-0.67	-0.86	+0.19
Omega ratio: Gain probability vs. loss probability	0.92	0.90	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.46	-0.69	+0.22
Martin ratio: Return relative to average drawdown	-1.03	-1.19	+0.15

T vs. SBAC - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.57, which is comparable to the SBAC Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of T and SBAC, 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

T vs. SBAC - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, smaller than the maximum SBAC drawdown of -99.65%. Use the drawdown chart below to compare losses from any high point for T and SBAC.

Drawdown Indicators

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

Volatility

T vs. SBAC - Volatility Comparison

AT&T Inc. (T) has a higher volatility of 9.59% compared to SBA Communications Corporation (SBAC) at 8.56%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than SBAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Dividends

T vs. SBAC - Dividend Comparison

T's dividend yield for the trailing twelve months is around 6.58%, more than SBAC's 2.59% 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 T and SBAC in my portfolio?

T and SBAC 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, T or SBAC?

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

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.