TD vs. SBAC
TD (The Toronto-Dominion Bank) and SBAC (SBA Communications Corporation) are both stocks. TD operates in Banks - Diversified (Financial Services), while SBAC operates in REIT - Specialty (Real Estate). Over the past 10 years, TD returned 14.57%/yr vs 8.07%/yr for SBAC. At a 0.27 correlation, their price movements are largely independent.
Performance
TD vs. SBAC - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 23.17% return, which is significantly higher than SBAC's 4.78% return. Over the past 10 years, TD has outperformed SBAC with an annualized return of 14.57%, while SBAC has yielded a comparatively lower 8.07% annualized return.
TD
- 1D
- 0.89%
- 1M
- 6.24%
- YTD
- 23.17%
- 6M
- 31.66%
- 1Y
- 68.14%
- 3Y*
- 30.41%
- 5Y*
- 14.58%
- 10Y*
- 14.57%
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%
TD vs. SBAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 23.17% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
SBAC SBA Communications Corporation | 4.78% | -3.13% | -18.18% | -8.15% | -27.30% | 38.95% | 17.81% | 49.30% | -0.90% | 58.20% |
Correlation
The correlation between TD and SBAC is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 1999 | 0.27 |
The correlation between TD and SBAC shifts across timeframes, from 0.09 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TD:
$139.89B
SBAC:
$21.23B
TD:
$10.11
SBAC:
$9.50
TD:
11.29
SBAC:
21.06
TD:
0.41
SBAC:
0.43
TD:
1.50
SBAC:
7.51
TD:
$112.63B
SBAC:
$2.85B
TD:
$59.49B
SBAC:
$1.28B
TD:
$19.99B
SBAC:
$1.74B
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Return for Risk
TD vs. SBAC — Risk / Return Rank
TD
SBAC
TD vs. SBAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) 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.
| TD | SBAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.43 | ||
| Sortino ratioReturn per unit of downside risk | +5.47 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 0.97 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 9.13 | -0.31 | +9.44 |
| Martin ratioReturn relative to average drawdown | 35.63 | -0.58 | +36.22 |
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
| TD | SBAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.14 | -0.29 | +4.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | -0.25 | +0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.29 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.23 | +0.38 |
Drawdowns
TD vs. SBAC - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum SBAC drawdown of -99.65%. Use the drawdown chart below to compare losses from any high point for TD and SBAC.
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Drawdown Indicators
| TD | SBAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -99.65% | +35.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -29.80% | +22.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -32.21% | +13.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -54.50% | +23.57% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -54.50% | +12.52% |
Current DrawdownCurrent decline from peak | 0.00% | -44.54% | +44.54% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -35.39% | +24.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 15.87% | -13.95% |
Volatility
TD vs. SBAC - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 5.13%, while SBA Communications Corporation (SBAC) has a volatility of 10.12%. This indicates that TD experiences smaller price fluctuations and is considered to be less risky than SBAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | SBAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 10.12% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 27.55% | -14.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 32.40% | -15.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 29.32% | -9.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 28.12% | -6.39% |
Dividends
TD vs. SBAC - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.69%, more than SBAC's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TD The Toronto-Dominion Bank | 2.69% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Financials
TD vs. SBAC - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and SBA Communications Corporation. 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
TD vs. SBAC - Profitability Comparison
TD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Toronto-Dominion Bank reported a gross profit of 14.90B and revenue of 27.02B. Therefore, the gross margin over that period was 55.2%.
SBAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SBA Communications Corporation reported a gross profit of 0.00 and revenue of 703.44M. Therefore, the gross margin over that period was 0.0%.
TD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Toronto-Dominion Bank reported an operating income of 5.02B and revenue of 27.02B, resulting in an operating margin of 18.6%.
SBAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SBA Communications Corporation reported an operating income of 342.85M and revenue of 703.44M, resulting in an operating margin of 48.7%.
TD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Toronto-Dominion Bank reported a net income of 4.25B and revenue of 27.02B, resulting in a net margin of 15.7%.
SBAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SBA Communications Corporation reported a net income of 184.83M and revenue of 703.44M, resulting in a net margin of 26.3%.
Frequently Asked Questions
TD and SBAC have a correlation of 0.09, 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 TD (5.13%). In terms of maximum drawdown, TD dropped -64.18% vs SBAC's -99.65%.
TD currently has the higher Sharpe Ratio (4.14 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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