ADTN vs. MSGS
ADTN (ADTRAN, Inc.) and MSGS (Madison Square Garden Sports Corp.) are both stocks. ADTN operates in Communication Equipment (Technology), while MSGS operates in Entertainment (Communication Services). Over the past 10 years, ADTN returned -0.15%/yr vs 16.66%/yr for MSGS. At a 0.25 correlation, their price movements are largely independent.
Performance
ADTN vs. MSGS - Performance Comparison
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Returns By Period
In the year-to-date period, ADTN achieves a 75.60% return, which is significantly higher than MSGS's 48.73% return. Over the past 10 years, ADTN has underperformed MSGS with an annualized return of -0.15%, while MSGS has yielded a comparatively higher 16.66% annualized return.
ADTN
- 1D
- 0.39%
- 1M
- -0.13%
- YTD
- 75.60%
- 6M
- 83.63%
- 1Y
- 103.47%
- 3Y*
- 14.24%
- 5Y*
- -5.52%
- 10Y*
- -0.15%
MSGS
- 1D
- -2.29%
- 1M
- 10.13%
- YTD
- 48.73%
- 6M
- 62.01%
- 1Y
- 105.32%
- 3Y*
- 28.97%
- 5Y*
- 17.85%
- 10Y*
- 16.66%
ADTN vs. MSGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADTN ADTRAN, Inc. | 75.60% | 4.32% | 13.49% | -59.88% | -16.28% | 57.43% | 54.41% | -5.22% | -43.14% | -11.96% |
MSGS Madison Square Garden Sports Corp. | 48.73% | 14.61% | 24.12% | -0.82% | 10.47% | -5.63% | 23.03% | 9.90% | 26.96% | 22.94% |
Correlation
The correlation between ADTN and MSGS is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015 | 0.25 |
The correlation between ADTN and MSGS shifts across timeframes, from 0.12 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ADTN:
$1.23B
MSGS:
$9.29B
ADTN:
-$0.37
MSGS:
-$0.07
ADTN:
1.09
MSGS:
8.61
ADTN:
$1.12B
MSGS:
$1.08B
ADTN:
$432.77M
MSGS:
$48.32M
ADTN:
$56.05M
MSGS:
-$41.02M
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Return for Risk
ADTN vs. MSGS — Risk / Return Rank
ADTN
MSGS
ADTN vs. MSGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ADTRAN, Inc. (ADTN) and Madison Square Garden Sports Corp. (MSGS). 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.
| ADTN | MSGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.65 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 10.28 | -7.26 |
| Martin ratioReturn relative to average drawdown | 7.37 | 24.51 | -17.14 |
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Drawdowns
ADTN vs. MSGS - Drawdown Comparison
The maximum ADTN drawdown since its inception was -87.92%, which is greater than MSGS's maximum drawdown of -41.57%. Use the drawdown chart below to compare losses from any high point for ADTN and MSGS.
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Drawdown Indicators
| ADTN | MSGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.92% | -41.57% | -46.35% |
Max Drawdown (1Y)Largest decline over 1 year | -31.67% | -10.08% | -21.59% |
Max Drawdown (3Y)Largest decline over 3 years | -59.48% | -25.54% | -33.94% |
Max Drawdown (5Y)Largest decline over 5 years | -81.99% | -31.96% | -50.03% |
Max Drawdown (10Y)Largest decline over 10 years | -81.99% | -41.57% | -40.42% |
Current DrawdownCurrent decline from peak | -57.91% | -2.29% | -55.62% |
Average DrawdownAverage peak-to-trough decline | -47.91% | -10.55% | -37.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 4.22% | +8.73% |
Volatility
ADTN vs. MSGS - Volatility Comparison
ADTRAN, Inc. (ADTN) has a higher volatility of 31.43% compared to Madison Square Garden Sports Corp. (MSGS) at 5.05%. This indicates that ADTN's price experiences larger fluctuations and is considered to be riskier than MSGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADTN | MSGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.43% | 5.05% | +26.38% |
Volatility (6M)Calculated over the trailing 6-month period | 48.35% | 23.43% | +24.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.44% | 29.65% | +36.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.39% | 25.37% | +30.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.49% | 31.45% | +19.04% |
Dividends
ADTN vs. MSGS - Dividend Comparison
Neither ADTN nor MSGS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADTN ADTRAN, Inc. | 0.00% | 0.00% | 0.00% | 3.68% | 1.92% | 1.58% | 2.44% | 3.64% | 3.35% | 1.86% | 1.61% | 2.09% |
MSGS Madison Square Garden Sports Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 3.82% | 0.00% | 36.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ADTN vs. MSGS - Financials Comparison
This section allows you to compare key financial metrics between ADTRAN, Inc. and Madison Square Garden Sports Corp.. 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
ADTN vs. MSGS - Profitability Comparison
ADTN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ADTRAN, Inc. reported a gross profit of 112.99M and revenue of 286.09M. Therefore, the gross margin over that period was 39.5%.
MSGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Sports Corp. reported a gross profit of -121.61M and revenue of 432.20M. Therefore, the gross margin over that period was -28.1%.
ADTN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ADTRAN, Inc. reported an operating income of 6.38M and revenue of 286.09M, resulting in an operating margin of 2.2%.
MSGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Sports Corp. reported an operating income of 1.96M and revenue of 432.20M, resulting in an operating margin of 0.5%.
ADTN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ADTRAN, Inc. reported a net income of 4.76M and revenue of 286.09M, resulting in a net margin of 1.7%.
MSGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Sports Corp. reported a net income of 555.00K and revenue of 432.20M, resulting in a net margin of 0.1%.
Frequently Asked Questions
ADTN and MSGS have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADTN has higher volatility (31.43%) compared to MSGS (5.05%). In terms of maximum drawdown, ADTN dropped -87.92% vs MSGS's -41.57%.
MSGS currently has the higher Sharpe Ratio (3.50 vs 1.44), 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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