SABS vs TMUS: Correlation
Measured on weekly returns over the past three years, SAB Biotherapeutics, Inc. (SABS) and T-Mobile US (TMUS) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SABS and TMUS?
Over the past 3 years, SABS and TMUS moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.27). Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -570.4 %².
TMUS is close to the least connected end of SABS's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months SABS outperformed by 113.4 percentage points (+85.4% for SABS against -28.0% for TMUS). One caveat on sizing: SABS is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SABS vs TMUS: side by side
| SABS (SAB Biotherapeutics, Inc.) | TMUS (T-Mobile US) | |
|---|---|---|
| 1-year return | +85.4% | -28.0% |
| 5-year return | -96.1% | +34.8% |
| Volatility (ann.) | 86.9% | 24.6% |
| Beta vs S&P 500 | 0.67 | 0.36 |
| Max drawdown (3Y) | -89.0% | -37.1% |
| Market cap | $0.4B | $190.7B |
| P/E (trailing) | 16.4 | 18.8 |
| Dividend yield | 0.00% | 2.27% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | SABS | TMUS |
|---|---|---|
| 2022 | -92.4% | +20.7% |
| 2023 | +16.6% | +15.0% |
| 2024 | -44.9% | +39.7% |
| 2025 | -1.4% | -6.6% |
| 2026 | +5.1% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SABS and TMUS good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SABS and TMUS?
As of 2026-08-27, the correlation of weekly returns between SABS and TMUS is -0.27 over 3 years, -0.12 over 1 year and -0.01 over 5 years.
Is TMUS a good diversifier for SABS?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sabs-vs-tmus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sabs-vs-tmus/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SABS correlations · TMUS correlations
