MSGS vs. SCHG

Last updated Jun 4, 2026

MSGS (Madison Square Garden Sports Corp.) is a stock, while SCHG (Schwab U.S. Large-Cap Growth ETF) is Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Over the past 10 years, MSGS returned 16.70%/yr vs 18.77%/yr for SCHG. At a 0.37 correlation, their price movements are largely independent.

Performance

MSGS vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Madison Square Garden Sports Corp. (MSGS) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSGS achieves a 47.23% return, which is significantly higher than SCHG's 6.42% return. Over the past 10 years, MSGS has underperformed SCHG with an annualized return of 16.70%, while SCHG has yielded a comparatively higher 18.77% annualized return.

MSGS

• 1D: -0.50%
• 1M: 11.95%
• YTD: 47.23%
• 6M: 70.36%
• 1Y: 101.13%
• 3Y*: 28.76%
• 5Y*: 17.73%
• 10Y*: 16.70%

SCHG

• 1D: -1.23%
• 1M: 4.81%
• YTD: 6.42%
• 6M: 5.81%
• 1Y: 24.64%
• 3Y*: 25.02%
• 5Y*: 15.59%
• 10Y*: 18.77%

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

MSGS vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSGS Madison Square Garden Sports Corp.	47.23%	14.61%	24.12%	-0.82%	10.47%	-5.63%	23.03%	9.90%	26.96%	22.94%
SCHG Schwab U.S. Large-Cap Growth ETF	6.42%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Correlation

The correlation between MSGS and SCHG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Oct 2, 2015	0.37

The correlation between MSGS and SCHG shifts across timeframes, from 0.23 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

MSGS vs. SCHG — Risk / Return Rank

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

MSGS

MSGS Risk / Return Rank: 97
MSGS Sharpe Ratio Rank: 96
MSGS Sortino Ratio Rank: 97
MSGS Omega Ratio Rank: 96
MSGS Calmar Ratio Rank: 97
MSGS Martin Ratio Rank: 96

SCHG

SCHG Risk / Return Rank: 39
SCHG Sharpe Ratio Rank: 45
SCHG Sortino Ratio Rank: 43
SCHG Omega Ratio Rank: 43
SCHG Calmar Ratio Rank: 30
SCHG Martin Ratio Rank: 33

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.

MSGS vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Madison Square Garden Sports Corp. (MSGS) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

	MSGS	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	3.45	1.60	+1.85
Sortino ratio: Return per unit of downside risk	4.98	2.18	+2.80
Omega ratio: Gain probability vs. loss probability	1.64	1.28	+0.36
Calmar ratio: Return relative to maximum drawdown	10.09	1.51	+8.58
Martin ratio: Return relative to average drawdown	24.05	5.04	+19.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSGS vs. SCHG - Sharpe Ratio Comparison

The current MSGS Sharpe Ratio is 3.45, which is higher than the SCHG Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of MSGS and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSGS	SCHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.45	1.60	+1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.70	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.87	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.84	-0.32

Drawdowns

MSGS vs. SCHG - Drawdown Comparison

The maximum MSGS drawdown since its inception was -41.57%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for MSGS and SCHG.

Drawdown Indicators

	MSGS	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-41.57%	-34.59%	-6.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-16.41%	+6.33%
Max Drawdown (3Y) Largest decline over 3 years	-25.54%	-23.39%	-2.15%
Max Drawdown (5Y) Largest decline over 5 years	-31.96%	-34.59%	+2.63%
Max Drawdown (10Y) Largest decline over 10 years	-41.57%	-34.59%	-6.98%
Current Drawdown Current decline from peak	-0.50%	-1.78%	+1.28%
Average Drawdown Average peak-to-trough decline	-10.58%	-5.20%	-5.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	4.90%	-0.68%

Volatility

MSGS vs. SCHG - Volatility Comparison

Madison Square Garden Sports Corp. (MSGS) has a higher volatility of 7.21% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 3.61%. This indicates that MSGS's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSGS	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.21%	3.61%	+3.60%
Volatility (6M) Calculated over the trailing 6-month period	23.35%	11.62%	+11.73%
Volatility (1Y) Calculated over the trailing 1-year period	29.52%	15.50%	+14.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.35%	22.27%	+3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.44%	21.55%	+9.89%

Dividends

MSGS vs. SCHG - Dividend Comparison

MSGS has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCHG Schwab U.S. Large-Cap Growth ETF	0.36%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both MSGS and SCHG in my portfolio?

MSGS and SCHG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSGS or SCHG?

MSGS has higher volatility (7.21%) compared to SCHG (3.61%). In terms of maximum drawdown, MSGS dropped -41.57% vs SCHG's -34.59%.

Which has better risk-adjusted returns?

MSGS currently has the higher Sharpe Ratio (3.45 vs 1.60), 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.