SBAC vs VICI: Correlation
SBA Communications (SBAC) and Vici Properties (VICI) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBAC and VICI?
Over the past 3 years, SBAC and VICI moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 301.2 %².
Within SBAC's tracked universe of 31 assets, VICI comes in at #8 by 3-year correlation. On 12-month performance SBAC holds a 10.8-point edge, -7.9% against -18.7%. Across three years, the rolling one-year figure varied moderately, from 0.32 to 0.73. Risk is not evenly split, since SBAC carries 1.7 times the volatility of the other side.
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.
SBAC vs VICI: side by side
| SBAC (SBA Communications) | VICI (Vici Properties) | |
|---|---|---|
| 1-year return | -7.9% | -18.7% |
| 5-year return | -43.3% | +9.9% |
| Volatility (ann.) | 30.1% | 18.0% |
| Beta vs S&P 500 | 0.42 | 0.35 |
| Max drawdown (3Y) | -32.2% | -19.1% |
| Market cap | $19.8B | $28.4B |
| P/E (trailing) | 20.0 | 10.1 |
| Dividend yield | 2.54% | 6.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | SBAC | VICI |
|---|---|---|
| 2022 | -27.3% | +13.0% |
| 2023 | -8.2% | +3.6% |
| 2024 | -18.2% | -3.1% |
| 2025 | -3.1% | +1.9% |
| 2026 | -1.4% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBAC and VICI good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SBAC and VICI?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.48 over the last year and 0.53 over 5 years.
Is VICI a good diversifier for SBAC?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 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/sbac-vs-vici.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sbac-vs-vici/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SBAC correlations · VICI correlations
