MSGS vs. ADTN
MSGS (Madison Square Garden Sports Corp.) and ADTN (ADTRAN, Inc.) are both stocks. MSGS operates in Entertainment (Communication Services), while ADTN operates in Communication Equipment (Technology). Over the past 10 years, MSGS returned 16.66%/yr vs -0.15%/yr for ADTN. At a 0.25 correlation, their price movements are largely independent.
Performance
MSGS vs. ADTN - Performance Comparison
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Returns By Period
In the year-to-date period, MSGS achieves a 48.73% return, which is significantly lower than ADTN's 75.60% return. Over the past 10 years, MSGS has outperformed ADTN with an annualized return of 16.66%, while ADTN has yielded a comparatively lower -0.15% annualized return.
MSGS
- 1D
- -2.29%
- 1M
- 10.13%
- YTD
- 48.73%
- 6M
- 62.01%
- 1Y
- 105.32%
- 3Y*
- 28.97%
- 5Y*
- 17.85%
- 10Y*
- 16.66%
ADTN
- 1D
- 0.39%
- 1M
- -0.13%
- YTD
- 75.60%
- 6M
- 83.63%
- 1Y
- 103.47%
- 3Y*
- 14.24%
- 5Y*
- -5.52%
- 10Y*
- -0.15%
MSGS vs. ADTN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSGS Madison Square Garden Sports Corp. | 48.73% | 14.61% | 24.12% | -0.82% | 10.47% | -5.63% | 23.03% | 9.90% | 26.96% | 22.94% |
ADTN ADTRAN, Inc. | 75.60% | 4.32% | 13.49% | -59.88% | -16.28% | 57.43% | 54.41% | -5.22% | -43.14% | -11.96% |
Correlation
The correlation between MSGS and ADTN is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015 | 0.25 |
The correlation between MSGS and ADTN shifts across timeframes, from 0.12 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MSGS:
$9.29B
ADTN:
$1.23B
MSGS:
-$0.07
ADTN:
-$0.37
MSGS:
8.61
ADTN:
1.09
MSGS:
$1.08B
ADTN:
$1.12B
MSGS:
$48.32M
ADTN:
$432.77M
MSGS:
-$41.02M
ADTN:
$56.05M
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Return for Risk
MSGS vs. ADTN — Risk / Return Rank
MSGS
ADTN
MSGS vs. ADTN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Square Garden Sports Corp. (MSGS) and ADTRAN, Inc. (ADTN). 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.
| MSGS | ADTN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.29 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 10.28 | 3.02 | +7.26 |
| Martin ratioReturn relative to average drawdown | 24.51 | 7.37 | +17.14 |
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Drawdowns
MSGS vs. ADTN - Drawdown Comparison
The maximum MSGS drawdown since its inception was -41.57%, smaller than the maximum ADTN drawdown of -87.92%. Use the drawdown chart below to compare losses from any high point for MSGS and ADTN.
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Drawdown Indicators
| MSGS | ADTN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.57% | -87.92% | +46.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -31.67% | +21.59% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -59.48% | +33.94% |
Max Drawdown (5Y)Largest decline over 5 years | -31.96% | -81.99% | +50.03% |
Max Drawdown (10Y)Largest decline over 10 years | -41.57% | -81.99% | +40.42% |
Current DrawdownCurrent decline from peak | -2.29% | -57.91% | +55.62% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -47.91% | +37.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 12.95% | -8.73% |
Volatility
MSGS vs. ADTN - Volatility Comparison
The current volatility for Madison Square Garden Sports Corp. (MSGS) is 5.05%, while ADTRAN, Inc. (ADTN) has a volatility of 31.43%. This indicates that MSGS experiences smaller price fluctuations and is considered to be less risky than ADTN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSGS | ADTN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 31.43% | -26.38% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 48.35% | -24.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.65% | 66.44% | -36.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.37% | 55.39% | -30.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.45% | 50.49% | -19.04% |
Dividends
MSGS vs. ADTN - Dividend Comparison
Neither MSGS nor ADTN has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADTN ADTRAN, Inc. | 0.00% | 0.00% | 0.00% | 3.68% | 1.92% | 1.58% | 2.44% | 3.64% | 3.35% | 1.86% | 1.61% | 2.09% |
MSGS Madison Square Garden Sports Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 3.82% | 0.00% | 36.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
MSGS vs. ADTN - Financials Comparison
This section allows you to compare key financial metrics between Madison Square Garden Sports Corp. and ADTRAN, 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
MSGS vs. ADTN - Profitability Comparison
MSGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Sports Corp. reported a gross profit of -121.61M and revenue of 432.20M. Therefore, the gross margin over that period was -28.1%.
ADTN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ADTRAN, Inc. reported a gross profit of 112.99M and revenue of 286.09M. Therefore, the gross margin over that period was 39.5%.
MSGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Sports Corp. reported an operating income of 1.96M and revenue of 432.20M, resulting in an operating margin of 0.5%.
ADTN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ADTRAN, Inc. reported an operating income of 6.38M and revenue of 286.09M, resulting in an operating margin of 2.2%.
MSGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Sports Corp. reported a net income of 555.00K and revenue of 432.20M, resulting in a net margin of 0.1%.
ADTN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ADTRAN, Inc. reported a net income of 4.76M and revenue of 286.09M, resulting in a net margin of 1.7%.
Frequently Asked Questions
MSGS and ADTN 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.
ADTN has higher volatility (31.43%) compared to MSGS (5.05%). In terms of maximum drawdown, MSGS dropped -41.57% vs ADTN's -87.92%.
MSGS currently has the higher Sharpe Ratio (3.50 vs 1.44), 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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