HTZ vs MSGM: Correlation
Measured on weekly returns over the past three years, Hertz Global Holdings, Inc (HTZ) and Motorsport Games Inc. (MSGM) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTZ and MSGM?
Over the past 3 years, HTZ and MSGM moved with a correlation of 0.61, which is strong. The past 12 months show a weaker link (0.24) than the 3-year average (0.61). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 10029.6 %².
Few assets follow HTZ as closely as MSGM, which ranks #1 of 14 tracked partners. The last year tells two different stories: MSGM led by 99.1 percentage points, -65.1% for HTZ against +34.0% for MSGM. Note the risk asymmetry: MSGM runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HTZ vs MSGM: side by side
| HTZ (Hertz Global Holdings, Inc) | MSGM (Motorsport Games Inc.) | |
|---|---|---|
| 1-year return | -65.1% | +34.0% |
| 5-year return | -87.9% | -96.2% |
| Volatility (ann.) | 102.2% | 159.9% |
| Beta vs S&P 500 | 1.27 | -0.11 |
| Max drawdown (3Y) | -91.2% | -81.5% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTZ | MSGM |
|---|---|---|
| 2022 | -38.4% | -87.8% |
| 2023 | -32.5% | -25.5% |
| 2024 | -64.8% | -56.6% |
| 2025 | +40.4% | +136.6% |
| 2026 | -60.3% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTZ and MSGM good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HTZ and MSGM?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.24 over the last year and 0.28 over 5 years.
Is MSGM a good diversifier for HTZ?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/htz-vs-msgm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/htz-vs-msgm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HTZ correlations · MSGM correlations
