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PENN vs. DKNG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between PENN and DKNG is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

PENN vs. DKNG

Last updated Jun 2, 2025

Compare and contrast key facts about Penn National Gaming, Inc. (PENN) and DraftKings Inc. (DKNG).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PENN or DKNG.

Performance

PENN vs. DKNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Penn National Gaming, Inc. (PENN) and DraftKings Inc. (DKNG). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PENN:

0.02

DKNG:

0.00

Sortino Ratio

PENN:

0.40

DKNG:

0.29

Omega Ratio

PENN:

1.05

DKNG:

1.03

Calmar Ratio

PENN:

-0.02

DKNG:

-0.03

Martin Ratio

PENN:

-0.11

DKNG:

-0.10

Ulcer Index

PENN:

16.97%

DKNG:

20.21%

Daily Std Dev

PENN:

57.76%

DKNG:

47.77%

Max Drawdown

PENN:

-89.92%

DKNG:

-85.73%

Current Drawdown

PENN:

-89.13%

DKNG:

-50.15%

Fundamentals

Market Cap

PENN:

$2.24B

DKNG:

$17.81B

EPS

PENN:

-$0.61

DKNG:

-$0.82

PS Ratio

PENN:

0.34

DKNG:

3.56

PB Ratio

PENN:

0.75

DKNG:

20.40

Total Revenue (TTM)

PENN:

$6.64B

DKNG:

$5.00B

Gross Profit (TTM)

PENN:

$2.38B

DKNG:

$1.92B

EBITDA (TTM)

PENN:

$523.80M

DKNG:

-$194.13M

Returns By Period

In the year-to-date period, PENN achieves a -25.18% return, which is significantly lower than DKNG's -3.55% return.

PENN

YTD

-25.18%

1M

-7.14%

6M

-31.31%

1Y

-15.26%

3Y*

-22.58%

5Y*

-14.68%

10Y*

-0.40%

DKNG

YTD

-3.55%

1M

4.76%

6M

-17.80%

1Y

2.13%

3Y*

38.35%

5Y*

-2.00%

10Y*

N/A

*Annualized

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Penn National Gaming, Inc.

DraftKings Inc.

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

PENN vs. DKNG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PENN
The Risk-Adjusted Performance Rank of PENN is 4949
Overall Rank
The Sharpe Ratio Rank of PENN is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of PENN is 4848
Sortino Ratio Rank
The Omega Ratio Rank of PENN is 4646
Omega Ratio Rank
The Calmar Ratio Rank of PENN is 4949
Calmar Ratio Rank
The Martin Ratio Rank of PENN is 4949
Martin Ratio Rank
DKNG
The Risk-Adjusted Performance Rank of DKNG is 4747
Overall Rank
The Sharpe Ratio Rank of DKNG is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of DKNG is 4545
Sortino Ratio Rank
The Omega Ratio Rank of DKNG is 4444
Omega Ratio Rank
The Calmar Ratio Rank of DKNG is 4848
Calmar Ratio Rank
The Martin Ratio Rank of DKNG is 4949
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PENN vs. DKNG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Penn National Gaming, Inc. (PENN) and DraftKings Inc. (DKNG). 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.

The current PENN Sharpe Ratio is 0.02, which is higher than the DKNG Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of PENN and DKNG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

PENN vs. DKNG - Dividend Comparison

Neither PENN nor DKNG has paid dividends to shareholders.

TTM20242023202220212020201920182017
PENN
Penn National Gaming, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.96%
DKNG
DraftKings Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PENN vs. DKNG - Drawdown Comparison

The maximum PENN drawdown since its inception was -89.92%, roughly equal to the maximum DKNG drawdown of -85.73%. Use the drawdown chart below to compare losses from any high point for PENN and DKNG.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

PENN vs. DKNG - Volatility Comparison

Penn National Gaming, Inc. (PENN) has a higher volatility of 11.77% compared to DraftKings Inc. (DKNG) at 10.04%. This indicates that PENN's price experiences larger fluctuations and is considered to be riskier than DKNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

PENN vs. DKNG - Financials Comparison

This section allows you to compare key financial metrics between Penn National Gaming, Inc. and DraftKings 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.00500.00M1.00B1.50B20212022202320242025
1.67B
1.41B
(PENN) Total Revenue
(DKNG) Total Revenue
Values in USD except per share items

PENN vs. DKNG - Profitability Comparison

The chart below illustrates the profitability comparison between Penn National Gaming, Inc. and DraftKings Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
10.0%20.0%30.0%40.0%50.0%20212022202320242025
33.1%
40.1%
(PENN) Gross Margin
(DKNG) Gross Margin
PENN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Penn National Gaming, Inc. reported a gross profit of 553.80M and revenue of 1.67B. Therefore, the gross margin over that period was 33.1%.

DKNG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, DraftKings Inc. reported a gross profit of 565.00M and revenue of 1.41B. Therefore, the gross margin over that period was 40.1%.

PENN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Penn National Gaming, Inc. reported an operating income of 42.80M and revenue of 1.67B, resulting in an operating margin of 2.6%.

DKNG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, DraftKings Inc. reported an operating income of -46.33M and revenue of 1.41B, resulting in an operating margin of -3.3%.

PENN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Penn National Gaming, Inc. reported a net income of 111.80M and revenue of 1.67B, resulting in a net margin of 6.7%.

DKNG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, DraftKings Inc. reported a net income of -33.86M and revenue of 1.41B, resulting in a net margin of -2.4%.