DAIO vs SBAC: Correlation
How closely do Data I/O Corporation (DAIO) and SBA Communications (SBAC) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAIO and SBAC?
Over the past 3 years, DAIO and SBAC moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -255.4 %².
Among the 16 assets we track against DAIO, SBAC ranks #9 by 3-year correlation. On 12-month performance DAIO holds a 7.2-point edge, -0.7% against -7.9%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DAIO vs SBAC: side by side
| DAIO (Data I/O Corporation) | SBAC (SBA Communications) | |
|---|---|---|
| 1-year return | -0.7% | -7.9% |
| 5-year return | -48.4% | -43.3% |
| Volatility (ann.) | 43.6% | 30.1% |
| Beta vs S&P 500 | 0.74 | 0.42 |
| Max drawdown (3Y) | -52.9% | -32.2% |
| Market cap | – | $19.8B |
| P/E (trailing) | – | 20.0 |
| Dividend yield | 0.00% | 2.54% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | DAIO | SBAC |
|---|---|---|
| 2022 | -13.9% | -27.3% |
| 2023 | -25.9% | -8.2% |
| 2024 | -5.8% | -18.2% |
| 2025 | +14.4% | -3.1% |
| 2026 | -6.0% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAIO and SBAC good diversifiers for each other?
Yes. With a correlation of -0.19, DAIO and SBAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DAIO and SBAC?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.20 over the last year and -0.05 over 5 years.
Is SBAC a good diversifier for DAIO?
Yes. With a correlation of -0.19, DAIO and SBAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: DAIO correlations · SBAC correlations
