IMAX vs. SPHR
IMAX (Imax Corp) and SPHR (Sphere Entertainment Co.) are both stocks. Both operate in the Entertainment industry within the Communication Services sector. Over the past 5 years, IMAX returned 15.13%/yr vs 12.66%/yr for SPHR. At a 0.30 correlation, their price movements are largely independent.
Performance
IMAX vs. SPHR - Performance Comparison
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Returns By Period
In the year-to-date period, IMAX achieves a 21.67% return, which is significantly lower than SPHR's 66.39% return.
IMAX
- 1D
- 2.20%
- 1M
- 14.95%
- YTD
- 21.67%
- 6M
- 20.08%
- 1Y
- 61.70%
- 3Y*
- 37.60%
- 5Y*
- 15.13%
- 10Y*
- 4.52%
SPHR
- 1D
- 0.61%
- 1M
- 22.28%
- YTD
- 66.39%
- 6M
- 68.44%
- 1Y
- 287.08%
- 3Y*
- 79.14%
- 5Y*
- 12.66%
- 10Y*
- —
IMAX vs. SPHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IMAX Imax Corp | 21.67% | 44.37% | 70.44% | 2.46% | -17.83% | -1.00% | 75.29% |
SPHR Sphere Entertainment Co. | 66.39% | 135.81% | 18.73% | -24.48% | -36.07% | -33.04% | 5.04% |
Correlation
The correlation between IMAX and SPHR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020 | 0.30 |
The correlation between IMAX and SPHR shifts across timeframes, from 0.21 (3 years) to 0.32 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IMAX:
$2.54B
SPHR:
$5.68B
IMAX:
$0.78
SPHR:
$2.78
IMAX:
57.60
SPHR:
56.94
IMAX:
2.10
SPHR:
0.06
IMAX:
6.19
SPHR:
4.89
IMAX:
7.56
SPHR:
2.52
IMAX:
$404.42M
SPHR:
$1.33B
IMAX:
$236.29M
SPHR:
$507.82M
IMAX:
$97.20M
SPHR:
$531.96M
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Return for Risk
IMAX vs. SPHR — Risk / Return Rank
IMAX
SPHR
IMAX vs. SPHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Imax Corp (IMAX) and Sphere Entertainment Co. (SPHR). 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.
| IMAX | SPHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.12 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.66 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 16.37 | -13.65 |
| Martin ratioReturn relative to average drawdown | 7.12 | 53.03 | -45.90 |
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Drawdowns
IMAX vs. SPHR - Drawdown Comparison
The maximum IMAX drawdown since its inception was -98.20%, which is greater than SPHR's maximum drawdown of -81.69%. Use the drawdown chart below to compare losses from any high point for IMAX and SPHR.
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Drawdown Indicators
| IMAX | SPHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.20% | -81.69% | -16.51% |
Max Drawdown (1Y)Largest decline over 1 year | -22.74% | -17.66% | -5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -31.99% | -52.29% | +20.30% |
Max Drawdown (5Y)Largest decline over 5 years | -46.46% | -74.97% | +28.51% |
Max Drawdown (10Y)Largest decline over 10 years | -79.43% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -48.86% | -46.22% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.69% | 5.44% | +3.25% |
Volatility
IMAX vs. SPHR - Volatility Comparison
Imax Corp (IMAX) has a higher volatility of 17.08% compared to Sphere Entertainment Co. (SPHR) at 10.74%. This indicates that IMAX's price experiences larger fluctuations and is considered to be riskier than SPHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMAX | SPHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.08% | 10.74% | +6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 37.38% | -6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.14% | 50.96% | -11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.13% | 57.64% | -17.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.27% | 56.19% | -9.92% |
Dividends
IMAX vs. SPHR - Dividend Comparison
Neither IMAX nor SPHR has paid dividends to shareholders.
Financials
IMAX vs. SPHR - Financials Comparison
This section allows you to compare key financial metrics between Imax Corp and Sphere Entertainment Co.. 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
IMAX vs. SPHR - Profitability Comparison
IMAX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Imax Corp reported a gross profit of 45.81M and revenue of 81.38M. Therefore, the gross margin over that period was 56.3%.
SPHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sphere Entertainment Co. reported a gross profit of 0.00 and revenue of 386.41M. Therefore, the gross margin over that period was 0.0%.
IMAX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Imax Corp reported an operating income of 9.95M and revenue of 81.38M, resulting in an operating margin of 12.2%.
SPHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sphere Entertainment Co. reported an operating income of 7.20M and revenue of 386.41M, resulting in an operating margin of 1.9%.
IMAX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Imax Corp reported a net income of 10.91M and revenue of 81.38M, resulting in a net margin of 13.4%.
SPHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sphere Entertainment Co. reported a net income of -1.59M and revenue of 386.41M, resulting in a net margin of -0.4%.
Frequently Asked Questions
IMAX and SPHR have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMAX has higher volatility (17.08%) compared to SPHR (10.74%). In terms of maximum drawdown, IMAX dropped -98.20% vs SPHR's -81.69%.
SPHR currently has the higher Sharpe Ratio (5.71 vs 1.59), 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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