SDZNY vs. MSGE
SDZNY (Sandoz Group AG) and MSGE (Madison Square Garden Entertainment Corp.) are both stocks. SDZNY operates in Drug Manufacturers - Specialty & Generic (Healthcare), while MSGE operates in Entertainment (Communication Services). Over the past year, SDZNY returned 59.96% vs 99.54% for MSGE. At a 0.05 correlation, their price movements are largely independent.
Performance
SDZNY vs. MSGE - Performance Comparison
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Returns By Period
In the year-to-date period, SDZNY achieves a 17.28% return, which is significantly lower than MSGE's 36.37% return.
SDZNY
- 1D
- 0.12%
- 1M
- -2.92%
- YTD
- 17.28%
- 6M
- 17.96%
- 1Y
- 59.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSGE
- 1D
- -1.05%
- 1M
- 10.98%
- YTD
- 36.37%
- 6M
- 34.30%
- 1Y
- 99.54%
- 3Y*
- 25.35%
- 5Y*
- —
- 10Y*
- —
SDZNY vs. MSGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SDZNY Sandoz Group AG | 17.28% | 83.00% | 28.40% | 19.80% |
MSGE Madison Square Garden Entertainment Corp. | 36.37% | 51.38% | 11.98% | -3.23% |
Correlation
The correlation between SDZNY and MSGE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023 | 0.05 |
Fundamentals
SDZNY:
$36.89B
MSGE:
$2.64B
SDZNY:
$1.66
MSGE:
$0.95
SDZNY:
50.92
MSGE:
77.68
SDZNY:
0.24
MSGE:
0.13
SDZNY:
2.02
MSGE:
2.84
SDZNY:
3.93
MSGE:
1.17
SDZNY:
$18.19B
MSGE:
$1.16B
SDZNY:
$8.61B
MSGE:
$364.47M
SDZNY:
$2.13B
MSGE:
$230.81M
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Return for Risk
SDZNY vs. MSGE — Risk / Return Rank
SDZNY
MSGE
SDZNY vs. MSGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sandoz Group AG (SDZNY) and Madison Square Garden Entertainment Corp. (MSGE). 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.
| SDZNY | MSGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.49 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 7.45 | -4.30 |
| Martin ratioReturn relative to average drawdown | 8.41 | 19.91 | -11.50 |
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Drawdowns
SDZNY vs. MSGE - Drawdown Comparison
The maximum SDZNY drawdown since its inception was -25.34%, smaller than the maximum MSGE drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SDZNY and MSGE.
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Drawdown Indicators
| SDZNY | MSGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.34% | -33.94% | +8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -19.09% | -13.43% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.94% | — |
Current DrawdownCurrent decline from peak | -8.57% | -1.05% | -7.52% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -11.10% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 5.02% | +2.14% |
Volatility
SDZNY vs. MSGE - Volatility Comparison
Sandoz Group AG (SDZNY) has a higher volatility of 7.35% compared to Madison Square Garden Entertainment Corp. (MSGE) at 5.35%. This indicates that SDZNY's price experiences larger fluctuations and is considered to be riskier than MSGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDZNY | MSGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.35% | 5.35% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 18.99% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.56% | 30.96% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.66% | 36.42% | -5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.66% | 36.42% | -5.76% |
Dividends
SDZNY vs. MSGE - Dividend Comparison
SDZNY's dividend yield for the trailing twelve months is around 1.22%, while MSGE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSGE Madison Square Garden Entertainment Corp. | 0.00% | 0.00% | 0.00% |
SDZNY Sandoz Group AG | 1.22% | 1.00% | 1.22% |
Financials
SDZNY vs. MSGE - Financials Comparison
This section allows you to compare key financial metrics between Sandoz Group AG and Madison Square Garden Entertainment Corp.. 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
SDZNY vs. MSGE - Profitability Comparison
SDZNY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandoz Group AG reported a gross profit of 2.25B and revenue of 4.64B. Therefore, the gross margin over that period was 48.4%.
MSGE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Entertainment Corp. reported a gross profit of 0.00 and revenue of 386.41M. Therefore, the gross margin over that period was 0.0%.
SDZNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandoz Group AG reported an operating income of 808.02M and revenue of 4.64B, resulting in an operating margin of 17.4%.
MSGE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Entertainment Corp. reported an operating income of 7.20M and revenue of 386.41M, resulting in an operating margin of 1.9%.
SDZNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandoz Group AG reported a net income of 425.40M and revenue of 4.64B, resulting in a net margin of 9.2%.
MSGE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Entertainment Corp. reported a net income of -1.59M and revenue of 386.41M, resulting in a net margin of -0.4%.
Frequently Asked Questions
SDZNY and MSGE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDZNY has higher volatility (7.35%) compared to MSGE (5.35%). In terms of maximum drawdown, SDZNY dropped -25.34% vs MSGE's -33.94%.
MSGE currently has the higher Sharpe Ratio (3.23 vs 1.91), 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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