TKO vs. MSGS

Last updated Apr 1, 2026

Compare and contrast key facts about TKO Group Holdings Inc. (TKO) and Madison Square Garden Sports Corp. (MSGS).

Performance

TKO vs. MSGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TKO Group Holdings Inc. (TKO) and Madison Square Garden Sports Corp. (MSGS). The values are adjusted to include any dividend payments, if applicable.

TKO vs. MSGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TKO TKO Group Holdings Inc.	-3.13%	48.92%	74.20%	-17.81%
MSGS Madison Square Garden Sports Corp.	24.26%	14.61%	24.12%	3.87%

Fundamentals

Market Cap TKO : $39.23B MSGS : $7.79B
EPS TKO : $0.99 MSGS : -$0.69
PS Ratio TKO : 8.42 MSGS : 7.25
Total Revenue (TTM) TKO : $4.74B MSGS : $1.07B
Gross Profit (TTM) TKO : -$2.03B MSGS : $277.75M
EBITDA (TTM) TKO : $1.18B MSGS : $19.18M

Returns By Period

In the year-to-date period, TKO achieves a -3.13% return, which is significantly lower than MSGS's 24.26% return.

TKO

• 1D: 3.19%
• 1M: -9.56%
• YTD: -3.13%
• 6M: 0.62%
• 1Y: 33.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSGS

• 1D: 2.77%
• 1M: -3.09%
• YTD: 24.26%
• 6M: 41.59%
• 1Y: 65.06%
• 3Y*: 18.15%
• 5Y*: 12.95%
• 10Y*: 14.94%

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

Return for Risk

TKO vs. MSGS — Risk / Return Rank

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

TKO

TKO Risk / Return Rank: 75
TKO Sharpe Ratio Rank: 75
TKO Sortino Ratio Rank: 70
TKO Omega Ratio Rank: 69
TKO Calmar Ratio Rank: 81
TKO Martin Ratio Rank: 79

MSGS

MSGS Risk / Return Rank: 93
MSGS Sharpe Ratio Rank: 92
MSGS Sortino Ratio Rank: 93
MSGS Omega Ratio Rank: 92
MSGS Calmar Ratio Rank: 95
MSGS Martin Ratio Rank: 93

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.

TKO vs. MSGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TKO Group Holdings Inc. (TKO) and Madison Square Garden Sports Corp. (MSGS). 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.

	TKO	MSGS	Difference
Sharpe ratio Return per unit of total volatility	1.02	2.13	-1.11
Sortino ratio Return per unit of downside risk	1.57	3.20	-1.63
Omega ratio Gain probability vs. loss probability	1.20	1.42	-0.22
Calmar ratio Return relative to maximum drawdown	2.30	5.47	-3.17
Martin ratio Return relative to average drawdown	5.54	13.99	-8.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TKO vs. MSGS - Sharpe Ratio Comparison

The current TKO Sharpe Ratio is 1.02, which is lower than the MSGS Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of TKO and MSGS, 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

	TKO	MSGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	2.13	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.47	+0.53

Correlation

The correlation between TKO and MSGS is 0.32, 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

TKO vs. MSGS - Dividend Comparison

TKO's dividend yield for the trailing twelve months is around 1.34%, while MSGS has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
TKO TKO Group Holdings Inc.	1.34%	1.10%	0.00%	4.73%	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%

Drawdowns

TKO vs. MSGS - Drawdown Comparison

The maximum TKO drawdown since its inception was -28.35%, smaller than the maximum MSGS drawdown of -41.57%. Use the drawdown chart below to compare losses from any high point for TKO and MSGS.

Drawdown Indicators

	TKO	MSGS	Difference
Max Drawdown Largest peak-to-trough decline	-28.35%	-41.57%	+13.22%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	-11.86%	-4.06%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.57%	—
Current Drawdown Current decline from peak	-10.00%	-5.96%	-4.04%
Average Drawdown Average peak-to-trough decline	-8.33%	-10.72%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.60%	4.63%	+1.97%

Volatility

TKO vs. MSGS - Volatility Comparison

TKO Group Holdings Inc. (TKO) has a higher volatility of 10.75% compared to Madison Square Garden Sports Corp. (MSGS) at 5.91%. This indicates that TKO's price experiences larger fluctuations and is considered to be riskier than MSGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TKO	MSGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.75%	5.91%	+4.84%
Volatility (6M) Calculated over the trailing 6-month period	22.24%	23.67%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	33.43%	30.69%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.23%	25.21%	+8.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.23%	31.38%	+1.85%

Financials