MSGS vs VTV: Correlation
Madison Square Garden Sports Corp. (MSGS) and Vanguard Value ETF (VTV) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSGS and VTV?
On 3 years of weekly data the MSGS/VTV correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 132.6 %².
By 3-year correlation, VTV places #5 of the 11 assets tracked against MSGS. Their recent paths diverged sharply: over the last 12 months MSGS outperformed by 74.9 percentage points (+100.6% for MSGS against +25.7% for VTV). Risk is not evenly split, since MSGS carries 1.9 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.
MSGS vs VTV: side by side
| MSGS (Madison Square Garden Sports Corp.) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +100.6% | +25.7% |
| 5-year return | +131.3% | +79.1% |
| Volatility (ann.) | 23.2% | 11.9% |
| Beta vs S&P 500 | 0.62 | 0.65 |
| Max drawdown (3Y) | -25.5% | -14.5% |
| Market cap | $9.5B | – |
| P/E (trailing) | 1230.2 | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | MSGS | VTV |
|---|---|---|
| 2022 | +10.5% | -2.1% |
| 2023 | -0.8% | +9.3% |
| 2024 | +24.1% | +16.0% |
| 2025 | +14.6% | +15.3% |
| 2026 | +52.2% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSGS and VTV good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MSGS and VTV?
As of 2026-08-27, the correlation of weekly returns between MSGS and VTV is 0.48 over 3 years, 0.43 over 1 year and 0.44 over 5 years.
Is VTV a good diversifier for MSGS?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/msgs-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/msgs-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MSGS correlations · VTV correlations
