CHCI vs MSGM: Correlation
How closely do Comstock Holding Companies, Inc. (CHCI) and Motorsport Games Inc. (MSGM) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHCI and MSGM?
Across a 3-year window, the weekly returns of CHCI and MSGM correlate at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 2730.1 %².
MSGM is one of the assets that tracks CHCI most closely: it ranks #1 out of the 10 assets we track against CHCI. Their recent paths diverged sharply: over the last 12 months MSGM outperformed by 19.9 percentage points (+14.1% for CHCI against +34.0% for MSGM). Risk is not evenly split, since MSGM carries 2.9 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.
CHCI vs MSGM: side by side
| CHCI (Comstock Holding Companies, Inc.) | MSGM (Motorsport Games Inc.) | |
|---|---|---|
| 1-year return | +14.1% | +34.0% |
| 5-year return | +236.2% | -96.2% |
| Volatility (ann.) | 56.1% | 159.9% |
| Beta vs S&P 500 | -0.23 | -0.11 |
| Max drawdown (3Y) | -47.9% | -81.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | 8.4 | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHCI | MSGM |
|---|---|---|
| 2022 | -12.4% | -87.8% |
| 2023 | +4.2% | -25.5% |
| 2024 | +82.4% | -56.6% |
| 2025 | +43.8% | +136.6% |
| 2026 | +71.0% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHCI and MSGM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHCI and MSGM?
As of 2026-08-27, the correlation of weekly returns between CHCI and MSGM is 0.30 over 3 years, 0.22 over 1 year and 0.25 over 5 years.
Is MSGM a good diversifier for CHCI?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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.
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Related comparisons
Hubs: CHCI correlations · MSGM correlations
