BATRA vs MSGE: Correlation
Measured on weekly returns over the past three years, Atlanta Braves Holdings, Inc. - Series A (BATRA) and Madison Square Garden Entertainment Corp. (MSGE) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRA and MSGE?
Over the past 3 years, BATRA and MSGE moved with a correlation of 0.54, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.43 versus 0.54 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 304.4 %².
In BATRA's tracked universe of 12 assets, MSGE sits right near the top at #2. Correlation aside, the last 12 months split them widely, with MSGE ahead by 80.4 points (+17.9% versus +98.3%). One caveat on sizing: MSGE is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BATRA vs MSGE: side by side
| BATRA (Atlanta Braves Holdings, Inc. - Series A) | MSGE (Madison Square Garden Entertainment Corp.) | |
|---|---|---|
| 1-year return | +17.9% | +98.3% |
| 5-year return | +113.7% | n/a |
| Volatility (ann.) | 18.8% | 30.2% |
| Beta vs S&P 500 | 0.46 | 0.87 |
| Max drawdown (3Y) | -16.6% | -33.9% |
| Market cap | $3.6B | $3.7B |
| P/E (trailing) | – | 56.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATRA | MSGE |
|---|---|---|
| 2022 | +13.6% | – |
| 2023 | +30.9% | – |
| 2024 | -4.6% | +12.0% |
| 2025 | +4.1% | +51.4% |
| 2026 | +31.2% | +45.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRA and MSGE good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BATRA and MSGE?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.43 over the last year and n/a over 5 years.
Is MSGE a good diversifier for BATRA?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/batra-vs-msge.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/batra-vs-msge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BATRA correlations · MSGE correlations
