BATRK vs MSGE: Correlation
Measured on weekly returns over the past three years, Atlanta Braves Holdings, Inc. - Series C (BATRK) and Madison Square Garden Entertainment Corp. (MSGE) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRK and MSGE?
On 3 years of weekly data the BATRK/MSGE correlation comes out at 0.47, moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.47). The 5-year figure is n/a, and annualized covariance runs at 269.9 %².
Among the 12 assets we track against BATRK, MSGE ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MSGE outperformed by 85.0 percentage points (+13.3% for BATRK against +98.3% for MSGE). Risk is not evenly split, since MSGE carries 1.6 times the volatility of the other side.
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.
BATRK vs MSGE: side by side
| BATRK (Atlanta Braves Holdings, Inc. - Series C) | MSGE (Madison Square Garden Entertainment Corp.) | |
|---|---|---|
| 1-year return | +13.3% | +98.3% |
| 5-year return | +96.3% | n/a |
| Volatility (ann.) | 19.0% | 30.2% |
| Beta vs S&P 500 | 0.50 | 0.87 |
| Max drawdown (3Y) | -18.7% | -33.9% |
| Market cap | $3.3B | $3.7B |
| P/E (trailing) | – | 56.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATRK | MSGE |
|---|---|---|
| 2022 | +14.7% | – |
| 2023 | +22.8% | – |
| 2024 | -3.3% | +12.0% |
| 2025 | +3.1% | +51.4% |
| 2026 | +28.8% | +45.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRK and MSGE good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BATRK and MSGE?
As of 2026-08-27, the correlation of weekly returns between BATRK and MSGE is 0.47 over 3 years, 0.34 over 1 year and n/a over 5 years.
Is MSGE a good diversifier for BATRK?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/batrk-vs-msge.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: BATRK correlations · MSGE correlations
