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MSGE correlations (Madison Square Garden Entertainment Corp.)

Every correlation that matters for MSGE: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

30.2%

3y weekly

Beta vs S&P 500

0.87

3y weekly

1-year return

+98.3%

price, adjusted

5-year return

n/a

price, adjusted

Market cap

$3.7B

latest

P/E ratio

56.6

trailing

Max drawdown

-33.9%

3y, daily closes

MSGE over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with MSGE

Asset		Correlation (3Y)
SPHR	Sphere Entertainment Co.	0.62
MSGS	Madison Square Garden Sports Corp.	0.57
IWM	iShares Russell 2000 ETF	0.54
RVT	Royce Small-Cap Trust, Inc.	0.54
BATRA	Atlanta Braves Holdings, Inc. - Series A	0.54

If the goal is offsetting MSGE, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.49
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.49
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.24

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/msge.json

Correlations, diversifiers, beta and volatility for MSGE, plus one endpoint per pair. API documentation.

ETF		MSGE weight
IWM	iShares Russell 2000 ETF	0.1%