MDRR vs MSGM: Correlation
How closely do Medalist Diversified, Inc. (MDRR) and Motorsport Games Inc. (MSGM) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and MSGM?
On 3 years of weekly data the MDRR/MSGM correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.27). The 5-year figure is -0.09, and annualized covariance runs at -1207.5 %².
Among the 36 assets we track against MDRR, MSGM sits near the bottom by co-movement, at rank #36. The last year tells two different stories: MSGM led by 29.2 percentage points, +4.8% for MDRR against +34.0% for MSGM. One caveat on sizing: MSGM is 5.7 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.
MDRR vs MSGM: side by side
| MDRR (Medalist Diversified, Inc.) | MSGM (Motorsport Games Inc.) | |
|---|---|---|
| 1-year return | +4.8% | +34.0% |
| 5-year return | -31.3% | -96.2% |
| Volatility (ann.) | 28.1% | 159.9% |
| Beta vs S&P 500 | -0.02 | -0.11 |
| Max drawdown (3Y) | -29.5% | -81.5% |
| Market cap | – | – |
| P/E (trailing) | 3.1 | 13.4 |
| Dividend yield | 2.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDRR | MSGM |
|---|---|---|
| 2022 | -37.3% | -87.8% |
| 2023 | -4.0% | -25.5% |
| 2024 | +28.6% | -56.6% |
| 2025 | -5.5% | +136.6% |
| 2026 | -0.7% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and MSGM good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MDRR and MSGM?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.16 over the last year and -0.09 over 5 years.
Is MSGM a good diversifier for MDRR?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MDRR correlations · MSGM correlations
