MSGS vs. LITE
MSGS (Madison Square Garden Sports Corp.) and LITE (Lumentum Holdings Inc.) are both stocks. MSGS operates in Entertainment (Communication Services), while LITE operates in Communication Equipment (Technology). Over the past 10 years, MSGS returned 16.66%/yr vs 43.74%/yr for LITE. At a 0.24 correlation, their price movements are largely independent.
Performance
MSGS vs. LITE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSGS achieves a 48.73% return, which is significantly lower than LITE's 150.02% return. Over the past 10 years, MSGS has underperformed LITE with an annualized return of 16.66%, while LITE has yielded a comparatively higher 43.74% 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%
LITE
- 1D
- 3.59%
- 1M
- -8.01%
- YTD
- 150.02%
- 6M
- 184.13%
- 1Y
- 1,017.52%
- 3Y*
- 158.28%
- 5Y*
- 62.72%
- 10Y*
- 43.74%
MSGS vs. LITE - 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% |
LITE Lumentum Holdings Inc. | 150.02% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 19.55% | 88.76% | -14.09% | 26.52% |
Correlation
The correlation between MSGS and LITE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015 | 0.24 |
The correlation between MSGS and LITE shifts across timeframes, from 0.06 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MSGS:
$9.29B
LITE:
$88.65B
MSGS:
-$0.07
LITE:
$5.26
MSGS:
8.61
LITE:
30.95
MSGS:
$1.08B
LITE:
$2.49B
MSGS:
$48.32M
LITE:
$938.50M
MSGS:
-$41.02M
LITE:
$470.10M
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
MSGS vs. LITE — Risk / Return Rank
MSGS
LITE
MSGS vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Square Garden Sports Corp. (MSGS) and Lumentum Holdings Inc. (LITE). 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 | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.94 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.71 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 10.28 | 34.43 | -24.15 |
| Martin ratioReturn relative to average drawdown | 24.51 | 126.26 | -101.75 |
Loading charts...
Drawdowns
MSGS vs. LITE - Drawdown Comparison
The maximum MSGS drawdown since its inception was -41.57%, smaller than the maximum LITE drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for MSGS and LITE.
Loading charts...
Drawdown Indicators
| MSGS | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.57% | -66.89% | +25.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -28.70% | +18.62% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -50.63% | +25.09% |
Max Drawdown (5Y)Largest decline over 5 years | -31.96% | -66.48% | +34.52% |
Max Drawdown (10Y)Largest decline over 10 years | -41.57% | -66.89% | +25.32% |
Current DrawdownCurrent decline from peak | -2.29% | -12.49% | +10.20% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -23.57% | +13.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 7.81% | -3.59% |
Volatility
MSGS vs. LITE - Volatility Comparison
The current volatility for Madison Square Garden Sports Corp. (MSGS) is 5.05%, while Lumentum Holdings Inc. (LITE) has a volatility of 28.12%. This indicates that MSGS experiences smaller price fluctuations and is considered to be less risky than LITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSGS | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 28.12% | -23.07% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 69.73% | -46.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.65% | 86.47% | -56.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.37% | 59.94% | -34.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.45% | 56.62% | -25.17% |
Dividends
MSGS vs. LITE - Dividend Comparison
Neither MSGS nor LITE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LITE Lumentum Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSGS Madison Square Garden Sports Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 3.82% | 0.00% | 36.97% |
Financials
MSGS vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Madison Square Garden Sports Corp. and Lumentum 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
MSGS vs. LITE - 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%.
LITE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported a gross profit of 357.00M and revenue of 808.40M. Therefore, the gross margin over that period was 44.2%.
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%.
LITE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported an operating income of 174.50M and revenue of 808.40M, resulting in an operating margin of 21.6%.
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%.
LITE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported a net income of 144.20M and revenue of 808.40M, resulting in a net margin of 17.8%.
Frequently Asked Questions
MSGS and LITE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (28.12%) compared to MSGS (5.05%). In terms of maximum drawdown, MSGS dropped -41.57% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (11.43 vs 3.50), 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 MSGS and LITE
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