LITE vs. MSGS
LITE (Lumentum Holdings Inc.) and MSGS (Madison Square Garden Sports Corp.) are both stocks. LITE operates in Communication Equipment (Technology), while MSGS operates in Entertainment (Communication Services). Over the past 10 years, LITE returned 43.74%/yr vs 16.66%/yr for MSGS. At a 0.24 correlation, their price movements are largely independent.
Performance
LITE vs. MSGS - Performance Comparison
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Returns By Period
In the year-to-date period, LITE achieves a 150.02% return, which is significantly higher than MSGS's 48.73% return. Over the past 10 years, LITE has outperformed MSGS with an annualized return of 43.74%, while MSGS has yielded a comparatively lower 16.66% annualized return.
LITE
- 1D
- 3.59%
- 1M
- -8.01%
- YTD
- 150.02%
- 6M
- 184.13%
- 1Y
- 1,017.52%
- 3Y*
- 158.28%
- 5Y*
- 62.72%
- 10Y*
- 43.74%
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%
LITE vs. MSGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LITE Lumentum Holdings Inc. | 150.02% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 19.55% | 88.76% | -14.09% | 26.52% |
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 LITE and MSGS is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015 | 0.24 |
The correlation between LITE and MSGS shifts across timeframes, from 0.06 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
LITE:
$88.65B
MSGS:
$9.29B
LITE:
$5.26
MSGS:
-$0.07
LITE:
30.95
MSGS:
8.61
LITE:
$2.49B
MSGS:
$1.08B
LITE:
$938.50M
MSGS:
$48.32M
LITE:
$470.10M
MSGS:
-$41.02M
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Return for Risk
LITE vs. MSGS — Risk / Return Rank
LITE
MSGS
LITE vs. MSGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) 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.
| LITE | MSGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.94 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.65 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 34.43 | 10.28 | +24.15 |
| Martin ratioReturn relative to average drawdown | 126.26 | 24.51 | +101.75 |
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Drawdowns
LITE vs. MSGS - Drawdown Comparison
The maximum LITE drawdown since its inception was -66.89%, which is greater than MSGS's maximum drawdown of -41.57%. Use the drawdown chart below to compare losses from any high point for LITE and MSGS.
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Drawdown Indicators
| LITE | MSGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.89% | -41.57% | -25.32% |
Max Drawdown (1Y)Largest decline over 1 year | -28.70% | -10.08% | -18.62% |
Max Drawdown (3Y)Largest decline over 3 years | -50.63% | -25.54% | -25.09% |
Max Drawdown (5Y)Largest decline over 5 years | -66.48% | -31.96% | -34.52% |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | -41.57% | -25.32% |
Current DrawdownCurrent decline from peak | -12.49% | -2.29% | -10.20% |
Average DrawdownAverage peak-to-trough decline | -23.57% | -10.55% | -13.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 4.22% | +3.59% |
Volatility
LITE vs. MSGS - Volatility Comparison
Lumentum Holdings Inc. (LITE) has a higher volatility of 28.12% compared to Madison Square Garden Sports Corp. (MSGS) at 5.05%. This indicates that LITE'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
| LITE | MSGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.12% | 5.05% | +23.07% |
Volatility (6M)Calculated over the trailing 6-month period | 69.73% | 23.43% | +46.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.47% | 29.65% | +56.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.94% | 25.37% | +34.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 31.45% | +25.17% |
Dividends
LITE vs. MSGS - Dividend Comparison
Neither LITE nor MSGS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LITE Lumentum Holdings Inc. | 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
LITE vs. MSGS - Financials Comparison
This section allows you to compare key financial metrics between Lumentum Holdings 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
LITE vs. MSGS - Profitability Comparison
LITE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported a gross profit of 357.00M and revenue of 808.40M. Therefore, the gross margin over that period was 44.2%.
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%.
LITE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported an operating income of 174.50M and revenue of 808.40M, resulting in an operating margin of 21.6%.
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%.
LITE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported a net income of 144.20M and revenue of 808.40M, resulting in a net margin of 17.8%.
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
LITE and MSGS have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (28.12%) compared to MSGS (5.05%). In terms of maximum drawdown, LITE dropped -66.89% vs MSGS's -41.57%.
LITE currently has the higher Sharpe Ratio (11.43 vs 3.50), 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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