MSGS vs SPY

Comparison between Madison Square Garden Sports Corp - Class A (MSGS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceMSGS has outperformed SPY, delivering a return of +14.7% compared to +13.7%

MSGS vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSGS(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$8.41B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	41.57%	56.47%
Sharpe Ratio	1.97	1.88
5Y Beta	0.68	1.00
Industry	Entertainment	N/A
P/E Ratio	-241.67	28.46
Forward P/E	72.46	21.99
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.20%
Debt to Equity	-87.49%	33.33%
Free Cash Flow Yield	0.63%	N/A
P/S Ratio	7.77	3.65
P/B Ratio	1.57	5.50

Market Cap / Net Assets

MSGS

$8.41B

Winner

SPY

$735B

Expense Ratio

MSGS

N/A

SPY

0.09%

Max Drawdown

Winner

MSGS

41.57%

SPY

56.47%

Sharpe Ratio

Winner

MSGS

1.97

SPY

1.88

5Y Beta

Winner

MSGS

0.68

SPY

1.00

Industry

MSGS

Entertainment

SPY

N/A

P/E Ratio

Winner

MSGS

-241.67

SPY

28.46

Forward P/E

MSGS

72.46

Winner

SPY

21.99

5Y Dividends CAGR

MSGS

N/A

SPY

5.43%

5Y EPS CAGR

MSGS

N/A

SPY

25.20%

Debt to Equity

Winner

MSGS

-87.49%

SPY

33.33%

Free Cash Flow Yield

MSGS

0.63%

SPY

N/A

P/S Ratio

MSGS

7.77

Winner

SPY

3.65

P/B Ratio

Winner

MSGS

1.57

SPY

5.50

MSGS vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	MSGS	SPY
1 month	+5.00%	+5.60%
3 months	+20.61%	+8.72%
6 months	+62.79%	+10.63%
1 year	+78.66%	+26.62%
5 years(CAGR)	+14.70%	+13.70%
10 years(CAGR)	+15.92%	+15.47%
Max(CAGR)	+15.08%	+8.50%

MSGS

+5.00%

Winner

SPY

+5.60%

Winner

MSGS

+20.61%

SPY

+8.72%

Winner

MSGS

+62.79%

SPY

+10.63%

Winner

MSGS

+78.66%

SPY

+26.62%

5Y(CAGR)

Winner

MSGS

+14.70%

SPY

+13.70%

10Y(CAGR)

Winner

MSGS

+15.92%

SPY

+15.47%

Max(CAGR)

Winner

MSGS

+15.08%

SPY

+8.50%

MSGS vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MSGS	SPY
2026	+35.80%	+8.50%
2025	+15.94%	+18.00%
2024	+24.80%	+25.59%
2023	+0.31%	+26.72%
2022	+8.37%	-18.64%
2021	-3.03%	+30.52%
2020	+19.29%	+17.28%
2019	+10.76%	+31.09%
2018	+27.82%	-5.24%
2017	+20.73%	+20.78%
2016	+11.33%	+13.59%
2015	+1.45%	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

MSGS vs SPY Drawdown Comparison

The maximum drawdown for MSGS was -41.57%, occurring on Mar 23, 2020. Recovery took 449 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current SPY drawdown is -1.20%.

Rank	MSGS	SPY
#1	-41.57% Jul 6, 2018 - Apr 20, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-33.28% Mar 1, 2021 - Apr 11, 2023	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-25.54% Dec 16, 2024 - Dec 12, 2025	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-22.82% Oct 15, 2015 - Jul 22, 2016	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-22.36% Apr 20, 2020 - Dec 28, 2020	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-22.36% Jul 31, 2023 - Oct 3, 2024	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-15.83% May 4, 2023 - Jul 28, 2023	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-14.19% Aug 18, 2016 - Mar 3, 2017	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-13.16% Jan 6, 2021 - Feb 19, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-10.08% Feb 18, 2026 - Apr 30, 2026	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-9.49% Nov 9, 2017 - Feb 20, 2018	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-7.36% Sep 6, 2017 - Nov 3, 2017	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-6.56% Apr 6, 2017 - Jul 19, 2017	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-5.72% Jun 20, 2018 - Jun 28, 2018	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-5.51% Jan 16, 2026 - Feb 13, 2026	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MSGS and SPY is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (1999 - 2026)

MSGS vs SPY dividend yield comparison.

Year	MSGS	SPY
2026	0.00%	0.24%
2025	0.00%	1.07%
2024	0.00%	1.21%
2023	0.00%	1.40%
2022	3.82%	1.65%
2021	0.00%	1.20%
2020	36.97%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%