SPHR vs. DIS

Last updated Apr 1, 2026

Compare and contrast key facts about Sphere Entertainment Co. (SPHR) and The Walt Disney Company (DIS).

Performance

SPHR vs. DIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sphere Entertainment Co. (SPHR) and The Walt Disney Company (DIS). The values are adjusted to include any dividend payments, if applicable.

SPHR vs. DIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPHR Sphere Entertainment Co.	23.47%	135.81%	18.73%	-24.48%	-36.07%	-33.04%	18.68%
DIS The Walt Disney Company	-15.29%	3.30%	24.44%	4.26%	-43.91%	-14.51%	73.38%

Fundamentals

Market Cap SPHR : $5.50B DIS : $172.81B
EPS SPHR : $0.07 DIS : $6.80
PE Ratio SPHR : 1.68K DIS : 14.18
PEG Ratio SPHR : 1.78 DIS : 0.19
PS Ratio SPHR : 4.23 DIS : 1.82
PB Ratio SPHR : 2.46 DIS : 1.59
Total Revenue (TTM) SPHR : $1.18B DIS : $95.72B
Gross Profit (TTM) SPHR : $136.01M DIS : $35.69B
EBITDA (TTM) SPHR : $21.30M DIS : $19.26B

Returns By Period

In the year-to-date period, SPHR achieves a 23.47% return, which is significantly higher than DIS's -15.29% return.

SPHR

• 1D: 10.15%
• 1M: -1.35%
• YTD: 23.47%
• 6M: 88.99%
• 1Y: 258.80%
• 3Y*: 25.73%
• 5Y*: 6.50%
• 10Y*: —

DIS

• 1D: 2.18%
• 1M: -9.11%
• YTD: -15.29%
• 6M: -15.26%
• 1Y: -1.27%
• 3Y*: -0.50%
• 5Y*: -12.19%
• 10Y*: 0.54%

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

Return for Risk

SPHR vs. DIS — Risk / Return Rank

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

SPHR

SPHR Risk / Return Rank: 98
SPHR Sharpe Ratio Rank: 99
SPHR Sortino Ratio Rank: 98
SPHR Omega Ratio Rank: 96
SPHR Calmar Ratio Rank: 98
SPHR Martin Ratio Rank: 99

DIS

DIS Risk / Return Rank: 38
DIS Sharpe Ratio Rank: 40
DIS Sortino Ratio Rank: 35
DIS Omega Ratio Rank: 35
DIS Calmar Ratio Rank: 41
DIS Martin Ratio Rank: 41

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.

SPHR vs. DIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sphere Entertainment Co. (SPHR) and The Walt Disney Company (DIS). 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.

	SPHR	DIS	Difference
Sharpe ratio Return per unit of total volatility	4.48	-0.04	+4.52
Sortino ratio Return per unit of downside risk	4.49	0.16	+4.33
Omega ratio Gain probability vs. loss probability	1.57	1.02	+0.55
Calmar ratio Return relative to maximum drawdown	9.22	-0.03	+9.24
Martin ratio Return relative to average drawdown	32.46	-0.06	+32.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPHR vs. DIS - Sharpe Ratio Comparison

The current SPHR Sharpe Ratio is 4.48, which is higher than the DIS Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of SPHR and DIS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPHR	DIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.48	-0.04	+4.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	-0.42	+0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.34	-0.25

Correlation

The correlation between SPHR and DIS is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPHR vs. DIS - Dividend Comparison

SPHR has not paid dividends to shareholders, while DIS's dividend yield for the trailing twelve months is around 1.30%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPHR Sphere Entertainment Co.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIS The Walt Disney Company	1.30%	1.10%	0.85%	0.33%	0.00%	0.00%	0.00%	1.22%	1.57%	1.51%	1.43%	1.30%

Drawdowns

SPHR vs. DIS - Drawdown Comparison

The maximum SPHR drawdown since its inception was -81.69%, roughly equal to the maximum DIS drawdown of -85.66%. Use the drawdown chart below to compare losses from any high point for SPHR and DIS.

Drawdown Indicators

	SPHR	DIS	Difference
Max Drawdown Largest peak-to-trough decline	-81.69%	-85.66%	+3.97%
Max Drawdown (1Y) Largest decline over 1 year	-27.48%	-24.97%	-2.51%
Max Drawdown (5Y) Largest decline over 5 years	-76.78%	-58.19%	-18.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-60.72%	—
Current Drawdown Current decline from peak	-1.35%	-51.14%	+49.79%
Average Drawdown Average peak-to-trough decline	-46.71%	-26.71%	-20.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.80%	10.43%	-2.63%

Volatility

SPHR vs. DIS - Volatility Comparison

Sphere Entertainment Co. (SPHR) has a higher volatility of 17.56% compared to The Walt Disney Company (DIS) at 5.38%. This indicates that SPHR's price experiences larger fluctuations and is considered to be riskier than DIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPHR	DIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.56%	5.38%	+12.18%
Volatility (6M) Calculated over the trailing 6-month period	36.42%	19.15%	+17.27%
Volatility (1Y) Calculated over the trailing 1-year period	58.22%	31.09%	+27.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.31%	29.02%	+28.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.35%	28.62%	+27.73%

Financials

SPHR vs. DIS - Profitability Comparison

The chart below illustrates the profitability comparison between Sphere Entertainment Co. and The Walt Disney Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SPHR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sphere Entertainment Co. reported a gross profit of 0.00 and revenue of 394.28M. Therefore, the gross margin over that period was 0.0%.

DIS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Walt Disney Company reported a gross profit of 9.31B and revenue of 25.98B. Therefore, the gross margin over that period was 35.8%.

SPHR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sphere Entertainment Co. reported an operating income of 28.92M and revenue of 394.28M, resulting in an operating margin of 7.3%.

DIS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Walt Disney Company reported an operating income of 3.88B and revenue of 25.98B, resulting in an operating margin of 14.9%.

SPHR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sphere Entertainment Co. reported a net income of 57.65M and revenue of 394.28M, resulting in a net margin of 14.6%.

DIS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Walt Disney Company reported a net income of 2.40B and revenue of 25.98B, resulting in a net margin of 9.3%.