TKO vs. MSGS
TKO (TKO Group Holdings Inc.) and MSGS (Madison Square Garden Sports Corp.) are both stocks. Both operate in the Entertainment industry within the Communication Services sector. Over the past year, TKO returned 14.50% vs 82.47% for MSGS. At a 0.33 correlation, their price movements are largely independent.
Performance
TKO vs. MSGS - Performance Comparison
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Returns By Period
In the year-to-date period, TKO achieves a -4.87% return, which is significantly lower than MSGS's 43.28% return.
TKO
- 1D
- -0.76%
- 1M
- 3.41%
- YTD
- -4.87%
- 6M
- -7.73%
- 1Y
- 14.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSGS
- 1D
- 0.13%
- 1M
- 4.72%
- YTD
- 43.28%
- 6M
- 46.80%
- 1Y
- 82.47%
- 3Y*
- 27.38%
- 5Y*
- 17.47%
- 10Y*
- 16.15%
TKO vs. MSGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TKO TKO Group Holdings Inc. | -4.87% | 48.92% | 74.20% | -16.96% |
MSGS Madison Square Garden Sports Corp. | 43.28% | 14.61% | 24.12% | 5.81% |
Correlation
The correlation between TKO and MSGS is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023 | 0.33 |
Fundamentals
TKO:
$38.39B
MSGS:
$8.95B
TKO:
$1.96
MSGS:
-$0.07
TKO:
7.67
MSGS:
8.29
TKO:
$5.06B
MSGS:
$1.08B
TKO:
$1.75B
MSGS:
$48.32M
TKO:
$1.33B
MSGS:
-$41.02M
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Return for Risk
TKO vs. MSGS — Risk / Return Rank
TKO
MSGS
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.
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.
| TKO | MSGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.54 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 8.22 | -7.43 |
| Martin ratioReturn relative to average drawdown | 1.62 | 19.27 | -17.65 |
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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.
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Drawdown Indicators
| TKO | MSGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.35% | -41.57% | +13.22% |
Max Drawdown (1Y)Largest decline over 1 year | -18.28% | -10.08% | -8.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.57% | — |
Current DrawdownCurrent decline from peak | -11.62% | -5.87% | -5.75% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -10.54% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 4.29% | +4.68% |
Volatility
TKO vs. MSGS - Volatility Comparison
TKO Group Holdings Inc. (TKO) has a higher volatility of 11.49% compared to Madison Square Garden Sports Corp. (MSGS) at 7.24%. 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.
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Volatility by Period
| TKO | MSGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.49% | 7.24% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 23.42% | 23.41% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.93% | 29.25% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.07% | 25.45% | +7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.07% | 31.50% | +1.57% |
Dividends
TKO vs. MSGS - Dividend Comparison
TKO's dividend yield for the trailing twelve months is around 1.58%, while MSGS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MSGS Madison Square Garden Sports Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 3.82% | 0.00% | 36.97% |
TKO TKO Group Holdings Inc. | 1.58% | 1.10% | 0.00% | 4.73% | 0.00% | 0.00% | 0.00% |
Financials
TKO vs. MSGS - Financials Comparison
This section allows you to compare key financial metrics between TKO Group Holdings Inc. and Madison Square Garden Sports 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
TKO vs. MSGS - Profitability Comparison
TKO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TKO Group Holdings Inc. reported a gross profit of 0.00 and revenue of 1.60B. Therefore, the gross margin over that period was 0.0%.
MSGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Sports Corp. reported a gross profit of -121.61M and revenue of 432.20M. Therefore, the gross margin over that period was -28.1%.
TKO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TKO Group Holdings Inc. reported an operating income of 338.50M and revenue of 1.60B, resulting in an operating margin of 21.2%.
MSGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Sports Corp. reported an operating income of 1.96M and revenue of 432.20M, resulting in an operating margin of 0.5%.
TKO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TKO Group Holdings Inc. reported a net income of 248.20M and revenue of 1.60B, resulting in a net margin of 15.5%.
MSGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Madison Square Garden Sports Corp. reported a net income of 555.00K and revenue of 432.20M, resulting in a net margin of 0.1%.
Frequently Asked Questions
TKO and MSGS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TKO has higher volatility (11.49%) compared to MSGS (7.24%). In terms of maximum drawdown, TKO dropped -28.35% vs MSGS's -41.57%.
MSGS currently has the higher Sharpe Ratio (2.84 vs 0.46), 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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