MSGE vs. AVHNY
MSGE (Madison Square Garden Entertainment Corp.) and AVHNY (Ackermans & Van Haaren NV ADR) are both stocks. MSGE operates in Entertainment (Communication Services), while AVHNY operates in Engineering & Construction (Industrials). Over the past year, MSGE returned 99.54% vs 63.97% for AVHNY. At a 0.09 correlation, their price movements are largely independent.
Performance
MSGE vs. AVHNY - Performance Comparison
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Returns By Period
In the year-to-date period, MSGE achieves a 36.37% return, which is significantly higher than AVHNY's 2.08% return.
MSGE
- 1D
- -1.05%
- 1M
- 10.98%
- YTD
- 36.37%
- 6M
- 34.30%
- 1Y
- 99.54%
- 3Y*
- 25.35%
- 5Y*
- —
- 10Y*
- —
AVHNY
- 1D
- 0.00%
- 1M
- 2.08%
- YTD
- 2.08%
- 6M
- 2.08%
- 1Y
- 63.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSGE vs. AVHNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSGE Madison Square Garden Entertainment Corp. | 36.37% | 51.38% | -15.80% |
AVHNY Ackermans & Van Haaren NV ADR | 2.08% | 76.45% | 0.00% |
Correlation
The correlation between MSGE and AVHNY is 0.09, 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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | 0.09 |
Fundamentals
MSGE:
$2.64B
AVHNY:
$8.61B
MSGE:
$0.95
AVHNY:
€3.21
MSGE:
77.68
AVHNY:
7.09
MSGE:
0.13
AVHNY:
0.40
MSGE:
2.84
AVHNY:
0.62
MSGE:
1.17
AVHNY:
1.31
MSGE:
$1.16B
AVHNY:
€11.98B
MSGE:
$364.47M
AVHNY:
€3.73B
MSGE:
$230.81M
AVHNY:
€2.52B
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Return for Risk
MSGE vs. AVHNY — Risk / Return Rank
MSGE
AVHNY
MSGE vs. AVHNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Square Garden Entertainment Corp. (MSGE) and Ackermans & Van Haaren NV ADR (AVHNY). 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 | AVHNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | -20.68 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 25.42 | -23.93 |
| Calmar ratioReturn relative to maximum drawdown | 7.45 | 24.74 | -17.29 |
| Martin ratioReturn relative to average drawdown | 19.91 | 40.85 | -20.94 |
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Drawdowns
MSGE vs. AVHNY - Drawdown Comparison
The maximum MSGE drawdown since its inception was -33.94%, which is greater than AVHNY's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for MSGE and AVHNY.
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Drawdown Indicators
| MSGE | AVHNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -2.64% | -31.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -2.64% | -10.79% |
Max Drawdown (3Y)Largest decline over 3 years | -33.94% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | 0.00% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -0.76% | -10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 1.59% | +3.43% |
Volatility
MSGE vs. AVHNY - Volatility Comparison
Madison Square Garden Entertainment Corp. (MSGE) has a higher volatility of 5.35% compared to Ackermans & Van Haaren NV ADR (AVHNY) at 2.05%. This indicates that MSGE's price experiences larger fluctuations and is considered to be riskier than AVHNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSGE | AVHNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 2.05% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 18.99% | 2.05% | +16.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 65.47% | -34.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.42% | 58.29% | -21.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.42% | 58.29% | -21.87% |
Dividends
MSGE vs. AVHNY - Dividend Comparison
MSGE has not paid dividends to shareholders, while AVHNY's dividend yield for the trailing twelve months is around 2.03%.
| Position | TTM | 2025 |
|---|---|---|
AVHNY Ackermans & Van Haaren NV ADR | 2.03% | 1.64% |
MSGE Madison Square Garden Entertainment Corp. | 0.00% | 0.00% |
Financials
MSGE vs. AVHNY - Financials Comparison
This section allows you to compare key financial metrics between Madison Square Garden Entertainment Corp. and Ackermans & Van Haaren NV ADR. 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. AVHNY - Profitability Comparison
MSGE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Entertainment Corp. reported a gross profit of 0.00 and revenue of 386.41M. Therefore, the gross margin over that period was 0.0%.
AVHNY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ackermans & Van Haaren NV ADR reported a gross profit of 409.06M and revenue of 2.91B. Therefore, the gross margin over that period was 14.1%.
MSGE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Entertainment Corp. reported an operating income of 7.20M and revenue of 386.41M, resulting in an operating margin of 1.9%.
AVHNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ackermans & Van Haaren NV ADR reported an operating income of 379.86M and revenue of 2.91B, resulting in an operating margin of 13.1%.
MSGE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Entertainment Corp. reported a net income of -1.59M and revenue of 386.41M, resulting in a net margin of -0.4%.
AVHNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ackermans & Van Haaren NV ADR reported a net income of 316.94M and revenue of 2.91B, resulting in a net margin of 10.9%.
Frequently Asked Questions
MSGE and AVHNY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSGE has higher volatility (5.35%) compared to AVHNY (2.05%). In terms of maximum drawdown, MSGE dropped -33.94% vs AVHNY's -2.64%.
MSGE currently has the higher Sharpe Ratio (3.23 vs 1.00), 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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