MGM vs. VICI

Last updated Jun 3, 2026

MGM (MGM Resorts International) and VICI (VICI Properties Inc.) are both stocks. MGM operates in Resorts & Casinos (Consumer Cyclical), while VICI operates in REIT - Diversified (Real Estate). Over the past 5 years, MGM returned 2.60%/yr vs 2.49%/yr for VICI. At a 0.41 correlation, their price movements are largely independent.

Performance

MGM vs. VICI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MGM Resorts International (MGM) and VICI Properties Inc. (VICI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGM achieves a 32.53% return, which is significantly higher than VICI's -0.47% return.

MGM

• 1D: -4.60%
• 1M: 25.61%
• YTD: 32.53%
• 6M: 36.84%
• 1Y: 55.15%
• 3Y*: 5.91%
• 5Y*: 2.60%
• 10Y*: 7.84%

VICI

• 1D: -0.83%
• 1M: -3.64%
• YTD: -0.47%
• 6M: -0.03%
• 1Y: -8.00%
• 3Y*: 1.02%
• 5Y*: 2.49%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MGM vs. VICI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGM MGM Resorts International	32.53%	5.31%	-22.45%	33.25%	-25.27%	42.47%	-4.56%	39.69%	-26.16%	9.87%
VICI VICI Properties Inc.	-0.47%	1.90%	-3.07%	3.58%	13.01%	23.77%	6.00%	43.23%	-3.62%	10.51%

Correlation

The correlation between MGM and VICI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 18, 2017	0.41

Over the past year, the correlation between MGM and VICI has dropped to 0.20 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Fundamentals

Market Cap MGM : $12.52B VICI : $29.43B
EPS MGM : $0.68 VICI : $2.92
PE Ratio MGM : 70.88 VICI : 9.44
PEG Ratio MGM : 0.79 VICI : 0.53
PS Ratio MGM : 0.73 VICI : 7.24
PB Ratio MGM : 5.14 VICI : 1.04
Total Revenue (TTM) MGM : $17.72B VICI : $4.05B
Gross Profit (TTM) MGM : $5.83B VICI : $3.01B
EBITDA (TTM) MGM : $1.37B VICI : $2.90B

Return for Risk

MGM vs. VICI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGM

MGM Risk / Return Rank: 77
MGM Sharpe Ratio Rank: 79
MGM Sortino Ratio Rank: 79
MGM Omega Ratio Rank: 74
MGM Calmar Ratio Rank: 77
MGM Martin Ratio Rank: 75

VICI

VICI Risk / Return Rank: 21
VICI Sharpe Ratio Rank: 19
VICI Sortino Ratio Rank: 18
VICI Omega Ratio Rank: 18
VICI Calmar Ratio Rank: 25
VICI Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MGM vs. VICI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MGM Resorts International (MGM) and VICI Properties Inc. (VICI). 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.

	MGM	VICI	Difference
Sharpe ratio Return per unit of total volatility	1.36	-0.49	+1.85
Sortino ratio Return per unit of downside risk	2.26	-0.58	+2.84
Omega ratio Gain probability vs. loss probability	1.26	0.93	+0.33
Calmar ratio Return relative to maximum drawdown	2.32	-0.44	+2.76
Martin ratio Return relative to average drawdown	5.00	-0.76	+5.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGM vs. VICI - Sharpe Ratio Comparison

The current MGM Sharpe Ratio is 1.36, which is higher than the VICI Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of MGM and VICI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGM	VICI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	-0.49	+1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.12	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.35	-0.19

Drawdowns

MGM vs. VICI - Drawdown Comparison

The maximum MGM drawdown since its inception was -98.11%, which is greater than VICI's maximum drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for MGM and VICI.

Drawdown Indicators

	MGM	VICI	Difference
Max Drawdown Largest peak-to-trough decline	-98.11%	-60.21%	-37.90%
Max Drawdown (1Y) Largest decline over 1 year	-22.76%	-17.88%	-4.88%
Max Drawdown (3Y) Largest decline over 3 years	-49.33%	-17.88%	-31.45%
Max Drawdown (5Y) Largest decline over 5 years	-49.33%	-18.61%	-30.72%
Max Drawdown (10Y) Largest decline over 10 years	-80.42%	—	—
Current Drawdown Current decline from peak	-48.68%	-15.01%	-33.67%
Average Drawdown Average peak-to-trough decline	-46.42%	-8.16%	-38.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.56%	10.31%	+0.25%

Volatility

MGM vs. VICI - Volatility Comparison

MGM Resorts International (MGM) has a higher volatility of 19.28% compared to VICI Properties Inc. (VICI) at 4.47%. This indicates that MGM's price experiences larger fluctuations and is considered to be riskier than VICI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGM	VICI	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.28%	4.47%	+14.81%
Volatility (6M) Calculated over the trailing 6-month period	31.58%	12.28%	+19.30%
Volatility (1Y) Calculated over the trailing 1-year period	40.73%	16.42%	+24.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.46%	20.97%	+19.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.83%	29.29%	+16.54%

Dividends

MGM vs. VICI - Dividend Comparison

MGM has not paid dividends to shareholders, while VICI's dividend yield for the trailing twelve months is around 6.47%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGM MGM Resorts International	0.00%	0.00%	0.00%	0.00%	0.03%	0.02%	0.50%	1.56%	1.98%	1.32%
VICI VICI Properties Inc.	6.47%	6.28%	5.80%	5.05%	4.63%	4.58%	4.92%	4.58%	5.31%	0.00%

Financials

MGM vs. VICI - Profitability Comparison

The chart below illustrates the profitability comparison between MGM Resorts International and VICI Properties Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MGM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

VICI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, VICI Properties Inc. reported a gross profit of 0.00 and revenue of 1.02B. Therefore, the gross margin over that period was 0.0%.

MGM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MGM Resorts International reported an operating income of 301.24M and revenue of 4.45B, resulting in an operating margin of 6.8%.

VICI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, VICI Properties Inc. reported an operating income of 0.00 and revenue of 1.02B, resulting in an operating margin of 0.0%.

MGM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MGM Resorts International reported a net income of 125.14M and revenue of 4.45B, resulting in a net margin of 2.8%.

VICI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, VICI Properties Inc. reported a net income of 872.39M and revenue of 1.02B, resulting in a net margin of 85.7%.

Frequently Asked Questions

Can I hold both MGM and VICI in my portfolio?

MGM and VICI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGM or VICI?

MGM has higher volatility (19.28%) compared to VICI (4.47%). In terms of maximum drawdown, MGM dropped -98.11% vs VICI's -60.21%.

Which has better risk-adjusted returns?

MGM currently has the higher Sharpe Ratio (1.36 vs -0.49), 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.