MGM vs. BYD
MGM (MGM Resorts International) and BYD (Boyd Gaming Corporation) are both stocks. Both operate in the Resorts & Casinos industry within the Consumer Cyclical sector. Over the past 10 years, MGM returned 7.08%/yr vs 16.96%/yr for BYD. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
MGM vs. BYD - Performance Comparison
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Returns By Period
In the year-to-date period, MGM achieves a 22.14% return, which is significantly higher than BYD's 0.26% return. Over the past 10 years, MGM has underperformed BYD with an annualized return of 7.08%, while BYD has yielded a comparatively higher 16.96% annualized return.
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%
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%
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 |
MGM vs. BYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGM MGM Resorts International | 22.14% | 5.31% | -22.45% | 33.25% | -25.27% | 42.47% | -4.56% | 39.69% | -26.16% | 17.48% |
BYD Boyd Gaming Corporation | 0.26% | 18.61% | 17.13% | 15.99% | -15.74% | 52.77% | 43.35% | 45.51% | -40.25% | 74.70% |
Correlation
The correlation between MGM and BYD 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 MGM and BYD shifts across timeframes, from 0.50 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MGM:
$11.21B
BYD:
$6.32B
MGM:
$1.62
BYD:
$23.36
MGM:
27.55
BYD:
3.64
MGM:
0.31
BYD:
0.05
MGM:
0.66
BYD:
1.61
MGM:
4.57
BYD:
2.55
MGM:
$17.76B
BYD:
$4.10B
MGM:
$5.86B
BYD:
$1.52B
MGM:
$1.57B
BYD:
$2.76B
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Return for Risk
MGM vs. BYD — Risk / Return Rank
MGM
BYD
MGM vs. BYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MGM Resorts International (MGM) and Boyd Gaming Corporation (BYD). 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.
| MGM | BYD | 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 | 1.14 | 1.03 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.09 | +0.90 |
| Martin ratioReturn relative to average drawdown | 2.07 | 0.20 | +1.88 |
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Drawdowns
MGM vs. BYD - Drawdown Comparison
The maximum MGM drawdown since its inception was -98.11%, roughly equal to the maximum BYD drawdown of -94.49%. Use the drawdown chart below to compare losses from any high point for MGM and BYD.
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Drawdown Indicators
| MGM | BYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.11% | -94.49% | -3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -22.76% | -12.59% | -10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -46.02% | -25.58% | -20.44% |
Max Drawdown (5Y)Largest decline over 5 years | -49.33% | -34.58% | -14.75% |
Max Drawdown (10Y)Largest decline over 10 years | -80.42% | -80.01% | -0.41% |
Current DrawdownCurrent decline from peak | -52.70% | -6.79% | -45.91% |
Average DrawdownAverage peak-to-trough decline | -46.43% | -50.48% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.79% | 5.63% | +5.16% |
Volatility
MGM vs. BYD - Volatility Comparison
The current volatility for MGM Resorts International (MGM) is 4.57%, while Boyd Gaming Corporation (BYD) has a volatility of 7.85%. This indicates that MGM experiences smaller price fluctuations and is considered to be less risky than BYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGM | BYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 7.85% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 30.87% | 20.81% | +10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.73% | 26.27% | +12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.20% | 31.46% | +8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.75% | 43.18% | +2.57% |
Dividends
MGM vs. BYD - Dividend Comparison
MGM has not paid dividends to shareholders, while BYD's dividend yield for the trailing twelve months is around 0.89%.
| 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
MGM vs. BYD - Financials Comparison
This section allows you to compare key financial metrics between MGM Resorts International and Boyd Gaming Corporation. 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
MGM vs. BYD - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
MGM and BYD 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, MGM dropped -98.11% vs BYD's -94.49%.
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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