BYD vs. MGM
BYD (Boyd Gaming Corporation) and MGM (MGM Resorts International) are both stocks. Both operate in the Resorts & Casinos industry within the Consumer Cyclical sector. Over the past 10 years, BYD returned 16.96%/yr vs 7.08%/yr for MGM. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
BYD vs. MGM - Performance Comparison
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Returns By Period
In the year-to-date period, BYD achieves a 0.26% return, which is significantly lower than MGM's 22.14% return. Over the past 10 years, BYD has outperformed MGM with an annualized return of 16.96%, while MGM has yielded a comparatively lower 7.08% annualized return.
BYD
- 1D
- -2.29%
- 1M
- -3.23%
- 6M
- 1.09%
- YTD
- 0.26%
- 1Y
- 2.60%
- 3Y*
- 8.85%
- 5Y*
- 9.39%
- 10Y*
- 16.96%
- ALL TIME*
- 4.26%
MGM
- 1D
- -2.39%
- 1M
- -5.37%
- 6M
- 32.89%
- YTD
- 22.14%
- 1Y
- 24.67%
- 3Y*
- -3.78%
- 5Y*
- 3.51%
- 10Y*
- 7.08%
- ALL TIME*
- 7.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $105.45M | $89.68M | $88.22M | |
| $110.27M | $112.61M | $186.79M |
BYD vs. MGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BYD Boyd Gaming Corporation | 0.26% | 18.61% | 17.13% | 15.99% | -15.74% | 52.77% | 43.35% | 45.51% | -40.25% | 74.70% |
MGM MGM Resorts International | 22.14% | 5.31% | -22.45% | 33.25% | -25.27% | 42.47% | -4.56% | 39.69% | -26.16% | 17.48% |
Correlation
The correlation between BYD and MGM is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 1993 | 0.50 |
The correlation between BYD and MGM shifts across timeframes, from 0.50 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BYD:
$6.32B
MGM:
$11.21B
BYD:
$23.36
MGM:
$1.62
BYD:
3.64
MGM:
27.55
BYD:
0.05
MGM:
0.31
BYD:
1.61
MGM:
0.66
BYD:
2.55
MGM:
4.57
BYD:
$4.10B
MGM:
$17.76B
BYD:
$1.52B
MGM:
$5.86B
BYD:
$2.76B
MGM:
$1.57B
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Return for Risk
BYD vs. MGM — Risk / Return Rank
BYD
MGM
BYD vs. MGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boyd Gaming Corporation (BYD) and MGM Resorts International (MGM). 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.
| BYD | MGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.14 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.98 | -0.90 |
| Martin ratioReturn relative to average drawdown | 0.20 | 2.07 | -1.88 |
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Drawdowns
BYD vs. MGM - Drawdown Comparison
The maximum BYD drawdown since its inception was -94.49%, roughly equal to the maximum MGM drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for BYD and MGM.
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Drawdown Indicators
| BYD | MGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.49% | -98.11% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -22.76% | +10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -25.58% | -46.02% | +20.44% |
Max Drawdown (5Y)Largest decline over 5 years | -34.58% | -49.33% | +14.75% |
Max Drawdown (10Y)Largest decline over 10 years | -80.01% | -80.42% | +0.41% |
Current DrawdownCurrent decline from peak | -6.79% | -52.70% | +45.91% |
Average DrawdownAverage peak-to-trough decline | -50.48% | -46.43% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 10.79% | -5.16% |
Volatility
BYD vs. MGM - Volatility Comparison
Boyd Gaming Corporation (BYD) has a higher volatility of 7.85% compared to MGM Resorts International (MGM) at 4.57%. This indicates that BYD's price experiences larger fluctuations and is considered to be riskier than MGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYD | MGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 4.57% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 30.87% | -10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.27% | 38.73% | -12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.46% | 40.20% | -8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.18% | 45.75% | -2.57% |
Dividends
BYD vs. MGM - Dividend Comparison
BYD's dividend yield for the trailing twelve months is around 0.89%, while MGM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BYD Boyd Gaming Corporation | 0.89% | 0.84% | 0.94% | 1.02% | 1.36% | 0.00% | 0.00% | 0.90% | 1.11% | 0.43% |
MGM MGM Resorts International | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.02% | 0.50% | 1.56% | 1.98% | 1.32% |
Financials
BYD vs. MGM - Financials Comparison
This section allows you to compare key financial metrics between Boyd Gaming Corporation and MGM Resorts International. 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
BYD vs. MGM - Profitability Comparison
BYD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Boyd Gaming Corporation reported a gross profit of 429.06M and revenue of 1.03B. Therefore, the gross margin over that period was 41.5%.
MGM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, MGM Resorts International reported a gross profit of 0.00 and revenue of 4.45B. Therefore, the gross margin over that period was 0.0%.
BYD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Boyd Gaming Corporation reported an operating income of 200.70M and revenue of 1.03B, resulting in an operating margin of 19.4%.
MGM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, MGM Resorts International reported an operating income of 503.64M and revenue of 4.45B, resulting in an operating margin of 11.3%.
BYD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Boyd Gaming Corporation reported a net income of 131.23M and revenue of 1.03B, resulting in a net margin of 12.7%.
MGM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, MGM Resorts International reported a net income of 292.43M and revenue of 4.45B, resulting in a net margin of 6.6%.
Frequently Asked Questions
BYD and MGM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BYD has higher volatility (7.85%) compared to MGM (4.57%). In terms of maximum drawdown, BYD dropped -94.49% vs MGM's -98.11%.
MGM currently has the higher Sharpe Ratio (0.58 vs 0.04), 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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