BATRA vs. MSGS
BATRA (The Liberty Braves Group) and MSGS (Madison Square Garden Sports Corp.) are both stocks. Both operate in the Entertainment industry within the Communication Services sector. Over the past 10 years, BATRA returned 13.86%/yr vs 16.01%/yr for MSGS. At a 0.35 correlation, their price movements are largely independent.
Performance
BATRA vs. MSGS - Performance Comparison
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Returns By Period
In the year-to-date period, BATRA achieves a 32.17% return, which is significantly lower than MSGS's 41.52% return. Over the past 10 years, BATRA has underperformed MSGS with an annualized return of 13.86%, while MSGS has yielded a comparatively higher 16.01% annualized return.
BATRA
- 1D
- 0.63%
- 1M
- 5.76%
- YTD
- 32.17%
- 6M
- 31.68%
- 1Y
- 13.64%
- 3Y*
- 11.83%
- 5Y*
- 14.93%
- 10Y*
- 13.86%
MSGS
- 1D
- -1.23%
- 1M
- 3.44%
- YTD
- 41.52%
- 6M
- 41.27%
- 1Y
- 76.32%
- 3Y*
- 26.86%
- 5Y*
- 16.77%
- 10Y*
- 16.01%
BATRA vs. MSGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BATRA The Liberty Braves Group | 32.17% | 4.14% | -4.63% | 30.95% | 13.63% | 15.60% | -16.12% | 18.89% | 13.11% | 7.61% |
MSGS Madison Square Garden Sports Corp. | 41.52% | 14.61% | 24.12% | -0.82% | 10.47% | -5.63% | 23.03% | 9.90% | 26.96% | 22.94% |
Correlation
The correlation between BATRA and MSGS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2016 | 0.35 |
Fundamentals
BATRA:
$1.57
MSGS:
-$0.07
BATRA:
1.93
MSGS:
8.19
BATRA:
$1.40B
MSGS:
$1.08B
BATRA:
$447.47M
MSGS:
$48.32M
BATRA:
$224.26M
MSGS:
-$41.02M
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Return for Risk
BATRA vs. MSGS — Risk / Return Rank
BATRA
MSGS
BATRA vs. MSGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Liberty Braves Group (BATRA) 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.
| BATRA | MSGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.50 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 7.61 | -6.79 |
| Martin ratioReturn relative to average drawdown | 1.43 | 17.68 | -16.25 |
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Drawdowns
BATRA vs. MSGS - Drawdown Comparison
The maximum BATRA drawdown since its inception was -61.81%, which is greater than MSGS's maximum drawdown of -41.57%. Use the drawdown chart below to compare losses from any high point for BATRA and MSGS.
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Drawdown Indicators
| BATRA | MSGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.81% | -41.57% | -20.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -10.08% | -6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -21.86% | -25.54% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.37% | -31.96% | +9.59% |
Max Drawdown (10Y)Largest decline over 10 years | -54.17% | -41.57% | -12.60% |
Current DrawdownCurrent decline from peak | 0.00% | -7.02% | +7.02% |
Average DrawdownAverage peak-to-trough decline | -23.34% | -10.54% | -12.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.57% | 4.33% | +5.24% |
Volatility
BATRA vs. MSGS - Volatility Comparison
The current volatility for The Liberty Braves Group (BATRA) is 4.67%, while Madison Square Garden Sports Corp. (MSGS) has a volatility of 7.37%. This indicates that BATRA experiences smaller price fluctuations and is considered to be less risky 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
| BATRA | MSGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 7.37% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 23.20% | -9.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 29.18% | -11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 25.45% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.35% | 31.49% | -2.14% |
Dividends
BATRA vs. MSGS - Dividend Comparison
Neither BATRA nor MSGS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BATRA The Liberty Braves Group | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSGS Madison Square Garden Sports Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 3.82% | 0.00% | 36.97% |
Financials
BATRA vs. MSGS - Financials Comparison
This section allows you to compare key financial metrics between The Liberty Braves Group 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
BATRA vs. MSGS - Profitability Comparison
BATRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Liberty Braves Group reported a gross profit of 298.00M and revenue of 711.00M. Therefore, the gross margin over that period was 41.9%.
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%.
BATRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Liberty Braves Group reported an operating income of 64.00M and revenue of 711.00M, resulting in an operating margin of 9.0%.
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%.
BATRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Liberty Braves Group reported a net income of 57.00M and revenue of 711.00M, resulting in a net margin of 8.0%.
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
BATRA and MSGS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSGS has higher volatility (7.37%) compared to BATRA (4.67%). In terms of maximum drawdown, BATRA dropped -61.81% vs MSGS's -41.57%.
MSGS currently has the higher Sharpe Ratio (2.63 vs 0.77), 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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