MSGE vs. MSTR

Last updated Apr 1, 2026

Compare and contrast key facts about Madison Square Garden Entertainment Corp. (MSGE) and MicroStrategy Incorporated (MSTR).

Performance

MSGE vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Madison Square Garden Entertainment Corp. (MSGE) and MicroStrategy Incorporated (MSTR). The values are adjusted to include any dividend payments, if applicable.

MSGE vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSGE Madison Square Garden Entertainment Corp.	9.32%	51.38%	11.98%	-0.66%
MSTR MicroStrategy Incorporated	-17.87%	-47.53%	358.54%	101.78%

Fundamentals

EPS MSGE : -$1.29 MSTR : -$13.50
PS Ratio MSGE : 3.36 MSTR : 78.11
Total Revenue (TTM) MSGE : $555.32M MSTR : $477.23M
Gross Profit (TTM) MSGE : $234.77M MSTR : $327.82M
EBITDA (TTM) MSGE : $18.54M MSTR : -$5.44B

Returns By Period

In the year-to-date period, MSGE achieves a 9.32% return, which is significantly higher than MSTR's -17.87% return.

MSGE

• 1D: 3.99%
• 1M: -6.70%
• YTD: 9.32%
• 6M: 30.22%
• 1Y: 79.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTR

• 1D: 2.77%
• 1M: -3.63%
• YTD: -17.87%
• 6M: -61.27%
• 1Y: -56.71%
• 3Y*: 62.23%
• 5Y*: 12.15%
• 10Y*: 21.18%

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

Return for Risk

MSGE vs. MSTR — Risk / Return Rank

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

MSGE

MSGE Risk / Return Rank: 92
MSGE Sharpe Ratio Rank: 93
MSGE Sortino Ratio Rank: 91
MSGE Omega Ratio Rank: 89
MSGE Calmar Ratio Rank: 94
MSGE Martin Ratio Rank: 93

MSTR

MSTR Risk / Return Rank: 13
MSTR Sharpe Ratio Rank: 10
MSTR Sortino Ratio Rank: 10
MSTR Omega Ratio Rank: 12
MSTR Calmar Ratio Rank: 16
MSTR Martin Ratio Rank: 17

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.

MSGE vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Madison Square Garden Entertainment Corp. (MSGE) and MicroStrategy Incorporated (MSTR). 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.

	MSGE	MSTR	Difference
Sharpe ratio Return per unit of total volatility	2.32	-0.77	+3.08
Sortino ratio Return per unit of downside risk	2.98	-1.12	+4.10
Omega ratio Gain probability vs. loss probability	1.38	0.87	+0.50
Calmar ratio Return relative to maximum drawdown	5.06	-0.74	+5.80
Martin ratio Return relative to average drawdown	13.45	-1.29	+14.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSGE vs. MSTR - Sharpe Ratio Comparison

The current MSGE Sharpe Ratio is 2.32, which is higher than the MSTR Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of MSGE and MSTR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSGE	MSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	-0.77	+3.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.12	+0.50

Correlation

The correlation between MSGE and MSTR is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MSGE vs. MSTR - Dividend Comparison

Neither MSGE nor MSTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MSGE vs. MSTR - Drawdown Comparison

The maximum MSGE drawdown since its inception was -33.94%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for MSGE and MSTR.

Drawdown Indicators

	MSGE	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-99.86%	+65.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	-76.53%	+61.76%
Max Drawdown (5Y) Largest decline over 5 years	—	-84.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.27%	—
Current Drawdown Current decline from peak	-8.44%	-73.66%	+65.22%
Average Drawdown Average peak-to-trough decline	-11.60%	-86.60%	+75.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	43.98%	-38.42%

Volatility

MSGE vs. MSTR - Volatility Comparison

The current volatility for Madison Square Garden Entertainment Corp. (MSGE) is 8.20%, while MicroStrategy Incorporated (MSTR) has a volatility of 18.69%. This indicates that MSGE experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSGE	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.20%	18.69%	-10.49%
Volatility (6M) Calculated over the trailing 6-month period	22.46%	55.56%	-33.10%
Volatility (1Y) Calculated over the trailing 1-year period	34.82%	74.10%	-39.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.78%	91.30%	-54.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.78%	73.16%	-36.38%

Financials