MSGE vs. ACT
MSGE (Madison Square Garden Entertainment Corp.) and ACT (Enact Holdings, Inc.) are both stocks. MSGE operates in Entertainment (Communication Services), while ACT operates in Insurance - Specialty (Financial Services). Over the past 3 years, MSGE returned 31.90%/yr vs 24.60%/yr for ACT. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
MSGE vs. ACT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSGE achieves a 43.37% return, which is significantly higher than ACT's 20.65% return.
MSGE
- 1D
- -2.03%
- 1M
- -1.44%
- 6M
- 24.87%
- YTD
- 43.37%
- 1Y
- 109.49%
- 3Y*
- 31.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 27.23%
ACT
- 1D
- -0.36%
- 1M
- 4.37%
- 6M
- 20.25%
- YTD
- 20.65%
- 1Y
- 37.64%
- 3Y*
- 24.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $22.41M | $17.04M | $14.99M | |
| $26.20M | $29.97M | $35.98M |
MSGE vs. ACT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSGE Madison Square Garden Entertainment Corp. | 43.37% | 51.38% | 11.98% | -9.17% |
ACT Enact Holdings, Inc. | 20.65% | 25.20% | 15.56% | 22.61% |
Correlation
The correlation between MSGE and ACT is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2023 | 0.26 |
The correlation between MSGE and ACT shifts across timeframes, from 0.12 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MSGE:
$3.65B
ACT:
$6.61B
MSGE:
-$0.38
ACT:
$4.65
MSGE:
4.56
ACT:
5.55
MSGE:
1.25
ACT:
1.26
MSGE:
$708.33M
ACT:
$1.24B
MSGE:
$388.66M
ACT:
$742.95M
MSGE:
$204.84M
ACT:
$685.07M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSGE vs. ACT — Risk / Return Rank
MSGE
ACT
MSGE vs. ACT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Square Garden Entertainment Corp. (MSGE) and Enact Holdings, Inc. (ACT). 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.
| MSGE | ACT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.31 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 7.82 | 3.59 | +4.23 |
| Martin ratioReturn relative to average drawdown | 21.15 | 9.01 | +12.14 |
Loading charts...
Drawdowns
MSGE vs. ACT - Drawdown Comparison
The maximum MSGE drawdown since its inception was -33.94%, which is greater than ACT's maximum drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for MSGE and ACT.
Loading charts...
Drawdown Indicators
| MSGE | ACT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -20.25% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -10.96% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -33.94% | -15.33% | -18.61% |
Current DrawdownCurrent decline from peak | -4.56% | -2.11% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -5.06% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 4.35% | +0.61% |
Volatility
MSGE vs. ACT - Volatility Comparison
Madison Square Garden Entertainment Corp. (MSGE) has a higher volatility of 7.77% compared to Enact Holdings, Inc. (ACT) at 6.14%. This indicates that MSGE's price experiences larger fluctuations and is considered to be riskier than ACT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSGE | ACT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 6.14% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 16.62% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.38% | 22.15% | +8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.09% | 24.63% | +11.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.09% | 24.63% | +11.46% |
Dividends
MSGE vs. ACT - Dividend Comparison
MSGE has not paid dividends to shareholders, while ACT's dividend yield for the trailing twelve months is around 1.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ACT Enact Holdings, Inc. | 1.84% | 2.06% | 2.92% | 4.60% | 6.38% | 5.95% |
MSGE Madison Square Garden Entertainment Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
MSGE vs. ACT - Financials Comparison
This section allows you to compare key financial metrics between Madison Square Garden Entertainment Corp. and Enact Holdings, Inc.. 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
MSGE vs. ACT - Profitability Comparison
MSGE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Madison Square Garden Entertainment Corp. reported a gross profit of 0.00 and revenue of -156.14M. Therefore, the gross margin over that period was 0.0%.
ACT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Enact Holdings, Inc. reported a gross profit of 0.00 and revenue of 312.07M. Therefore, the gross margin over that period was 0.0%.
MSGE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Madison Square Garden Entertainment Corp. reported an operating income of -145.95M and revenue of -156.14M, resulting in an operating margin of 93.5%.
ACT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Enact Holdings, Inc. reported an operating income of 0.00 and revenue of 312.07M, resulting in an operating margin of 0.0%.
MSGE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Madison Square Garden Entertainment Corp. reported a net income of -92.18M and revenue of -156.14M, resulting in a net margin of 59.0%.
ACT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Enact Holdings, Inc. reported a net income of 167.77M and revenue of 312.07M, resulting in a net margin of 53.8%.
Frequently Asked Questions
MSGE and ACT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSGE has higher volatility (7.77%) compared to ACT (6.14%). In terms of maximum drawdown, MSGE dropped -33.94% vs ACT's -20.25%.
MSGE currently has the higher Sharpe Ratio (3.46 vs 1.78), 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.
Find the right allocation for MSGE and ACT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer