Relative Intelligence · Entertainment
How Take-Two Interactive Software (TTWO) compares with the whole market and its popular alternatives
Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on TTWO alone. It places TTWO (Take-Two Interactive Software, Inc.) against 11 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where TTWO stands in the market, and of the alternatives worth a closer look.
Period covered: TTWO's full trading record, from April 1997 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.
Data as of October 20, 2026. Full tables and charts read best on a larger screen.
On this page12 sections
Key findings
- Right nowOver the past 3 months, TTWO fell 13.5% while the S&P 500 rose 3.9%. The slide is TTWO's own: it is 21.2% below its high, against 1.3% for the S&P 500. At a glance ↓
- Stock or market?The weakness is TTWO's own: it fell 13.5% over the past 3 months while the technology sector ETF XLK (State Street Technology Select Sector SPDR ETF) rose 5.7%. The S&P 500 rose 3.9%. Its entertainment peers did not move as one over the past 3 months: SONY (Sony Group) rose 19.7%, while PLTK (Playtika Holding) fell 45.0%.
- Past 1 to 3 yearsTTWO has gone against the market, falling 21.2% over the past year while the S&P 500 rose 15.8%. The same gap shows up over 3 years (47.0% against 89.3%). By year ↓
- Long termTTWO turned $10,000 into $46,000 over the past decade, against $42,100 in the S&P 500. Even so, the past 5 years only trailed the S&P 500 (19.1% against 81.7%), after a much stronger decade (360% against 321%). Growth of $10,000 ↓
- In a crashTTWO fell harder than the S&P 500 in five of seven sell-offs. The Covid crash was the exception: TTWO fell 16.1%, less than the S&P 500's 33.7%. Crash tests ↓
- DiversificationTTWO is some diversification, but not a hedge: a correlation of 0.52 with the S&P 500 over 5 years and 0.53 with the total US market, more closely than 78% of stocks worth at least $300 million. When the S&P 500 had a down month, TTWO usually fell with it (18 of 22 months). By year ↓
- Better options
- Popular alternatives
- MSFT (Microsoft) earned more than TTWO with less volatility over the past 5 years: 12.5% a year at 28.2% volatility, against 3.6% a year at 32.9%.
- Nearby categories and themes
- T (AT&T, integrated telecommunications) and CHT (Chunghwa Telecom, integrated telecommunications) earned more than TTWO with less volatility over the past 5 years. T returned 9.8% a year at 25.2% volatility, against 3.6% a year at 32.9%.
- Whole market
- 1,134 of the 3,633 stocks and funds worth at least $500 million earned more than TTWO with less volatility over the past 5 years, among them AAPL (Apple), MSFT (Microsoft) and VTI (Vanguard Morningstar Total Stock Market ETF).
How much would $10,000 in TTWO have grown?
This chart tracks a hypothetical $10,000 investment in TTWO over the past 22 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of TTWO over the same span and TTWO's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.
Note: The chart covers the past 22 years rather than TTWO's full 29 years, because most of its popular alternatives have not traded that long.
- $10,000 invested in TTWO at the end of September 2004 would have grown to $94,753 by September 2026, less than the $102,174 it would have become in SPY, an S&P 500 fund.
- Five of the six other investments on the chart ended ahead of TTWO, and AAPL finished highest, at $5,746,503.
Choose a period
From the end of September 2004 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 491 of the 1,487 stocks and funds worth at least $500 million that traded the whole period ended ahead of TTWO; the chart shows 5, closest alternatives first. The other 1 line is a popular alternative, shown for context.
- AAPL$6M+57,365% total · +33.5% a year
- GOOG$1M+10,548% total · +23.6% a year
- NTES$829,868+8,199% total · +22.2% a year
- MSFT$302,092+2,921% total · +16.8% a year
- RY$189,945+1,799% total · +14.3% a year
- SPY (S&P 500)$102,174+922% total · +11.1% a year
- TTWO$94,753+848% total · +10.8% a year
- SONY$40,432+304% total · +6.6% a year
From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 1,874 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of TTWO; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- APP$40,130+301% total · +32.0% a year
- GOOG$25,811+158% total · +20.9% a year
- META$21,571+116% total · +16.6% a year
- SPY (S&P 500)$19,000+90.0% total · +13.7% a year
- MSFT$18,958+89.6% total · +13.6% a year
- T$16,172+61.7% total · +10.1% a year
- NTES$15,824+58.2% total · +9.6% a year
- CHT$13,963+39.6% total · +6.9% a year
- TTWO$13,468+34.7% total · +6.1% a year
- SONY$10,955+9.5% total · +1.8% a year
TTWO at a glance
This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.
- TTWO is still 21.2% below its all-time high.
- TTWO's deepest decline since it began trading in 1997 was 80.8%, from June 2005 to March 2009. It took about six years from the low to climb back to its old high.
- Over 28 full calendar years, TTWO's best was 2017, when it returned 123%, and its worst was 2008, when it lost 59.0%. It lost money in seven of those years.
The company
- Market value
- $39B
- Industry
- Electronic Gaming & Multimedia
- Price history from
- April 1997
Returns
- Past 1 year
- −21.2%total return
- Past 3 years
- +47.0%+13.7% a year
- Past 5 years
- +19.1%+3.6% a year
- Past 10 years
- +360%+16.5% a year
- Best calendar year
- +123%2017
- Worst calendar year
- −59.0%2008
- Losing years
- 7 of 28full calendar years
Risk
- Volatility
- 32.9%typical yearly swing, 5 years
- Sharpe ratio
- 0.27return per unit of risk, 5 years
- Worst decline ever
- −80.8%Jun 2005 to Mar 2009
- From its all-time high
- −21.2%below the peak
TTWO against the whole market
Where TTWO ranks among every stock and fund, and what across the market has done better.
How does TTWO rank among all stocks?
This section ranks TTWO on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how TTWO stacks up against its peers, these rankings show where it stands in the market as a whole.
- TTWO's 10-year return ranks in the top 21% of the 2,202 stocks worth at least $300 million with 10 years of history.
- TTWO's 1-year return ranks in the bottom 19% of the 3,287 stocks worth at least $300 million with 1 year of history.
Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.
| Measure | TTWO | Rank | Standing |
|---|---|---|---|
| 1-year return | −21.2% | 2,676 of 3,287 | bottom 20% |
| 3-year return | +47.0% | 1,596 of 3,017 | bottom 48% |
| 5-year return | +19.1% | 1,463 of 2,893 | bottom 50% |
| 10-year return | +360% | 470 of 2,202 | top 21% |
| Volatility, 5 years | 32.9% | 994 of 2,893 | top 34% |
| Sharpe ratio, 5 years | 0.27 | 1,642 of 2,893 | bottom 44% |
| Worst decline, past 10 years | −56.1% | 719 of 2,187 | top 33% |
What has beaten TTWO on both return and risk?
Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). TTWO sits where the dashed lines cross. Anything in the green box above and to the left earned more than TTWO with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.
- 475 stocks and 659 ETFs worth at least $500 million sit in the green region: each earned more than TTWO over the past 5 years with smaller price swings. That is 31% of the 3,633 screened.
- Among those with at least half TTWO's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 25% less than TTWO's 32.9%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against 0.27 for TTWO.
- Among TTWO's popular alternatives, MSFT is in the region. MSFT earned 12.5% a year against 3.6% a year for TTWO, at 28.2% volatility, 14% less than TTWO's 32.9%.
Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to TTWO; faint dots are 94 more of the 1,134 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.
- Popular alternatives
- Same and neighboring categories, and shared themes
- The whole market
- Others in the green region
Is there a better investment than TTWO?
Investments that beat TTWO over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.
- Among TTWO's popular alternatives, MSFT earned more than TTWO with less volatility over the past 5 years: 12.5% a year at 28.2% volatility, against 3.6% a year at 32.9%.
- Looking beyond its popular alternatives, T (integrated telecommunications) and CHT (integrated telecommunications) earned more than TTWO with less volatility over the past 5 years. T returned 9.8% a year at 25.2% volatility, against 3.6% a year at 32.9%.
- Across the whole market, 1,134 of the 3,633 stocks and funds worth at least $500 million earned more than TTWO with less volatility over the past 5 years, among them AAPL, MSFT and VTI.
How this works
The table below lists investments that beat TTWO over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks TTWO's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than TTWO follows the table.
Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than TTWO's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× TTWO's volatility counts as better.
These figures cover the past 5 years. Green marks a better figure than TTWO's.
| Investment | Why it is better | Past 5 years | Downside | Long run | Fit | ||||
|---|---|---|---|---|---|---|---|---|---|
| Annual return?higher is better | Volatility?lower is calmer | Sharpe?return per unit of risk | Worst decline?past 10 years | 10Y returntotal | Corr. with TTWO?lower diversifies more | Expenseper year | |||
| TTWOTake-Two Interactive Software, Inc. · this page | +3.6% | 32.9% | 0.27 | −56.1% | +360% | 1.00 | — | ||
 SPYState Street SPDR S&P 500 ETF · S&P 500 | +12.7% | 17.1% | 0.79 | −33.7% | +321% | 0.52 | 0.09% | ||
| Popular alternativesbest 3 shownThe investments people most often weigh against TTWO. 3 of 11 passed at least one test. | |||||||||
 MSFTMicrosoft Corporation · Software | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +12.5% | 28.2% | 0.56 | −37.1% | +946% | 0.32 | — | |
 GOOGAlphabet Inc. · Internet Services | Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +19.0% | 32.0% | 0.71 | −44.6% | +752% | 0.32 | — | |
 METAMeta Platforms, Inc. · Internet Services | Higher return in most periods | +15.5% | 45.4% | 0.55 | −76.7% | +439% | 0.03 | — | |
| Same and neighboring categories, and shared themesbest 6 shownEverything else in Entertainment and the categories next to it (Internet Services, Media, Telecommunications, E-Commerce), plus TTWO's specific themes. 27 of 69 passed at least one test. | |||||||||
 TAT&T Inc. · Integrated Telecommunications | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +9.8% | 25.2% | 0.50 | −39.4% | +60.7% | 0.02 | — | |
CHTChunghwa Telecom Co., Ltd. · Integrated Telecommunications | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +7.7% | 13.3% | 0.63 | −23.8% | +101% | 0.21 | — | |
FOXAFox Corporation · Media | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +10.4% | 28.7% | 0.49 | −50.6% | — | 0.14 | — | |
MSGSMadison Square Garden Sports Corp. · Entertainment | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +18.4% | 25.6% | 0.79 | −41.6% | +432% | 0.26 | — | |
 EBAYeBay Inc. · E-Commerce | Higher return, similar volatilityHigher return in most periods | +11.7% | 32.9% | 0.50 | −53.6% | +374% | 0.24 | — | |
 VZVerizon Communications Inc. · Integrated Telecommunications | Similar return, lower volatility | +2.7% | 22.9% | 0.23 | −41.2% | +55.8% | 0.10 | — | |
| The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 1,745 of 3,555 passed at least one test. | |||||||||
 RYRoyal Bank of Canada · Banks | On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.47 | — | |
 CAHCardinal Health, Inc. · Health Care Distribution | On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.25 | — | |
 AAPLApple Inc. · Computer Hardware | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +18.5% | 28.0% | 0.75 | −38.5% | +1,168% | 0.46 | — | |
 VTIVanguard Morningstar Total Stock Market ETF · US Total Market | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +11.5% | 17.5% | 0.71 | −35.0% | +302% | 0.53 | 0.03% | |
 VOOVanguard S&P 500 ETF · US Large-Cap Equity | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +12.8% | 16.9% | 0.80 | −34.0% | +324% | 0.52 | 0.03% | |
 WMTWalmart Inc. · Discount Retail | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.19 | — | |
 LLYEli Lilly and Company · Pharmaceuticals | Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +40.7% | 32.8% | 1.21 | −34.5% | +1,807% | 0.26 | — | |
 SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds | On the frontierSimilar return, lower volatilityHigher Sharpe, smaller worst decline | +3.8% | 0.3% | 13.25 | −0.3% | — | 0.19 | 0.09% | |
What these numbers mean for TTWO
- Annual return
- TTWO returned 3.6% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $11,900. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
- Volatility
- TTWO's volatility over the past 5 years was 32.9%, about twice the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, TTWO's return lands within 32.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
- Sharpe ratio
- TTWO's Sharpe ratio over the past 5 years was 0.27, against 0.79 for the S&P 500, so TTWO earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
- Worst decline
- TTWO's worst fall from a peak to a low over the past 10 years was 56.1%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 56.1% fall takes a 128% gain. Guide: Market crash risk and tail risk →
- Correlation
- Over the past 5 years, TTWO's monthly returns had a correlation of 0.52 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against TTWO instead: the lower it is, the more that option would diversify a TTWO holding. Guide: Correlation and diversification →
Show all 1,134 stocks and funds worth at least $500 million that earned more than TTWO with less volatility
Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.
| # | Investment | Found in | Annual return | Volatility | Sharpe | Worst decline | 10Y return | Corr. with TTWO | Expense |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RYRoyal Bank of Canada · Banks | Whole market | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.47 | — |
| 2 | CAHCardinal Health, Inc. · Health Care Distribution | Whole market | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.25 | — |
| 3 | AAPLApple Inc. · Computer Hardware | Whole market | +18.5% | 28.0% | 0.75 | −38.5% | +1,168% | 0.46 | — |
| 4 | VTIVanguard Morningstar Total Stock Market ETF · US Total Market | Whole market | +11.5% | 17.5% | 0.71 | −35.0% | +302% | 0.53 | 0.03% |
| 5 | VOOVanguard S&P 500 ETF · US Large-Cap Equity | Whole market | +12.8% | 16.9% | 0.80 | −34.0% | +324% | 0.52 | 0.03% |
| 6 | WMTWalmart Inc. · Discount Retail | Whole market | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.19 | — |
| 7 |  BRK-BBerkshire Hathaway Inc. · Insurance | Whole market | +13.4% | 17.1% | 0.82 | −29.6% | +274% | 0.41 | — |
| 8 |  JPMJPMorgan Chase & Co. · Banks | Whole market | +17.3% | 24.3% | 0.78 | −43.6% | +537% | 0.49 | — |
| 9 |  ABBVAbbVie Inc. · Pharmaceuticals | Whole market | +26.1% | 23.4% | 1.11 | −45.1% | +603% | 0.14 | — |
| 10 |  JNJJohnson & Johnson · Pharmaceuticals | Whole market | +12.7% | 17.9% | 0.76 | −27.4% | +196% | 0.04 | — |
| 11 |  VVisa Inc. · Payment Processing | Whole market | +12.8% | 22.9% | 0.64 | −36.4% | +429% | 0.44 | — |
| 12 | DXJWisdomTree Japan Hedged Equity Fund · International Equity | Whole market | +26.6% | 19.1% | 1.34 | −39.1% | +428% | 0.12 | 0.48% |
| 13 | LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity | Whole market | +17.0% | 11.1% | 1.48 | −32.4% | +194% | 0.16 | 0.40% |
| 14 |  KOThe Coca-Cola Company · Food & Beverages | Whole market | +14.7% | 16.8% | 0.91 | −37.0% | +204% | 0.17 | — |
| 15 |  COSTCostco Wholesale Corporation · Discount Retail | Whole market | +17.4% | 22.9% | 0.82 | −31.4% | +685% | 0.34 | — |
| 16 |  VXUSVanguard Total International Stock ETF · International Equity | Whole market | +8.2% | 16.4% | 0.57 | −36.0% | +140% | 0.39 | 0.05% |
| 17 |  QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth | Whole market | +14.5% | 23.0% | 0.71 | −35.1% | +553% | 0.52 | 0.18% |
| 18 |  MAMastercard Incorporated · Payment Processing | Whole market | +12.4% | 23.8% | 0.61 | −41.0% | +541% | 0.29 | — |
| 19 |  PMPhilip Morris International Inc. · Tobacco | Whole market | +21.0% | 23.4% | 0.94 | −42.9% | +242% | 0.22 | — |
| 20 |  CSCOCisco Systems, Inc. · Communications Equipment | Whole market | +16.8% | 26.1% | 0.73 | −42.0% | +374% | 0.32 | — |
| 21 |  MCKMcKesson Corporation · Health Care Distribution | Whole market | +38.7% | 25.0% | 1.44 | −38.1% | +586% | 0.26 | — |
| 22 |  MRKMerck & Co., Inc. · Pharmaceuticals | Whole market | +16.3% | 24.8% | 0.74 | −43.4% | +241% | -0.05 | — |
| 23 |  NVSNovartis AG · Pharmaceuticals | Whole market | +17.1% | 20.7% | 0.87 | −26.8% | +226% | 0.27 | — |
| 24 |  VTVVanguard Morningstar Value ETF · US Large-Cap Value | Whole market | +12.1% | 13.7% | 0.90 | −36.8% | +235% | 0.42 | 0.03% |
| 25 |  AMGNAmgen Inc. · Biotechnology | Whole market | +19.6% | 24.9% | 0.85 | −24.9% | +266% | 0.07 | — |
| 26 |  GILDGilead Sciences, Inc. · Biotechnology | Whole market | +22.8% | 24.9% | 0.95 | −30.5% | +200% | -0.09 | — |
| 27 |  VEAVanguard FTSE Developed Markets ETF · Developed International Equity | Whole market | +9.3% | 16.9% | 0.61 | −35.8% | +153% | 0.42 | 0.03% |
| 28 |  TDThe Toronto-Dominion Bank · Banks | Whole market | +15.8% | 20.0% | 0.84 | −42.0% | +310% | 0.38 | — |
| 29 |  MFGMizuho Financial Group, Inc. · Banks | Whole market | +33.6% | 30.6% | 1.10 | −45.7% | +345% | 0.03 | — |
| 30 |  TJXThe TJX Companies, Inc. · Specialty Retail | Whole market | +19.9% | 22.3% | 0.93 | −42.5% | +361% | 0.25 | — |
| 31 |  GLDSPDR Gold Shares · Gold | Whole market | +17.7% | 18.9% | 0.96 | −26.4% | +213% | -0.03 | 0.40% |
| 32 |  IBMInternational Business Machines Corporation · IT Services | Whole market | +16.6% | 30.5% | 0.66 | −41.1% | +151% | 0.16 | — |
| 33 |  LINLinde plc · Chemicals | Whole market | +11.5% | 20.9% | 0.63 | −32.6% | +394% | 0.19 | — |
| 34 |  VGTVanguard Information Technology ETF · Technology Equity | Whole market | +18.4% | 26.0% | 0.78 | −35.1% | +779% | 0.51 | 0.09% |
| 35 |  SMFGSumitomo Mitsui Financial Group, Inc. · Banks | Whole market | +33.7% | 29.4% | 1.14 | −47.6% | +474% | 0.09 | — |
| 36 |  AXPAmerican Express Company · Consumer Finance | Whole market | +13.5% | 29.3% | 0.58 | −49.6% | +446% | 0.41 | — |
| 37 |  PGRThe Progressive Corporation · Property & Casualty Insurance | Whole market | +21.3% | 25.6% | 0.89 | −30.3% | +816% | 0.26 | — |
| 38 |  CBChubb Limited · Property & Casualty Insurance | Whole market | +15.7% | 20.4% | 0.82 | −42.6% | +248% | 0.33 | — |
| 39 |  VRTXVertex Pharmaceuticals Incorporated · Biotechnology | Whole market | +22.6% | 29.1% | 0.85 | −41.6% | +521% | 0.11 | — |
| 40 |  BNYBank of New York Mellon Corp · Banks | Whole market | +22.7% | 24.4% | 0.97 | −50.5% | +341% | 0.41 | — |
| 41 |  CMCanadian Imperial Bank of Commerce · Banks | Whole market | +19.2% | 21.6% | 0.93 | −47.3% | +395% | 0.45 | — |
| 42 |  VOVanguard Morningstar Mid-Cap ETF · US Mid-Cap Equity | Whole market | +6.8% | 17.6% | 0.47 | −39.4% | +198% | 0.49 | 0.03% |
| 43 |  DEDeere & Company · Industrial Machinery | Whole market | +14.4% | 29.9% | 0.60 | −37.9% | +755% | 0.08 | — |
| 44 |  VIGVanguard Dividend Appreciation ETF · US Dividend Equity | Whole market | +10.4% | 14.1% | 0.78 | −31.7% | +258% | 0.49 | 0.04% |
| 45 |  TRVThe Travelers Companies, Inc. · Property & Casualty Insurance | Whole market | +22.4% | 22.3% | 1.02 | −46.3% | +347% | 0.33 | — |
| 46 |  TTTrane Technologies plc · Building Products | Whole market | +22.7% | 27.7% | 0.88 | −40.5% | +955% | 0.31 | — |
| 47 |  CORCencora, Inc. · Health Care Distribution | Whole market | +24.2% | 22.8% | 1.07 | −32.4% | +406% | 0.27 | — |
| 48 |  SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity | Whole market | +9.7% | 14.3% | 0.72 | −33.4% | +252% | 0.24 | 0.06% |
| 49 |  BMOBank of Montreal · Banks | Whole market | +13.6% | 21.4% | 0.71 | −51.0% | +295% | 0.42 | — |
| 50 |  GWWW.W. Grainger, Inc. · Industrial Distribution | Whole market | +26.3% | 24.9% | 1.07 | −41.6% | +654% | 0.32 | — |
| 51 |  BNSThe Bank of Nova Scotia · Banks | Whole market | +12.9% | 19.9% | 0.71 | −46.9% | +187% | 0.50 | — |
| 52 |  RIORio Tinto Group · Metals & Mining | Whole market | +12.2% | 29.0% | 0.54 | −37.5% | +464% | -0.04 | — |
| 53 |  VBVanguard Morningstar Small-Cap ETF · US Small-Cap Equity | Whole market | +6.2% | 20.6% | 0.40 | −42.0% | +179% | 0.44 | 0.03% |
| 54 |  BLKBlackRock, Inc. · Asset Management | Whole market | +7.1% | 27.1% | 0.39 | −43.9% | +313% | 0.39 | — |
| 55 |  HLTHilton Worldwide Holdings Inc. · Hotels & Resorts | Whole market | +21.0% | 26.8% | 0.85 | −50.8% | +694% | 0.28 | — |
| 56 |  MNSTMonster Beverage Corporation · Food & Beverages | Whole market | +17.2% | 24.9% | 0.77 | −30.4% | +285% | 0.26 | — |
| 57 |  VTVanguard Total World Stock ETF · Global Equity | Whole market | +10.3% | 16.2% | 0.69 | −34.2% | +223% | 0.50 | 0.06% |
| 58 |  SOThe Southern Company · Electric Utilities | Whole market | +11.3% | 18.8% | 0.67 | −38.4% | +170% | 0.23 | — |
| 59 |  CTASCintas Corporation · Business Services | Whole market | +16.5% | 23.1% | 0.78 | −48.4% | +808% | 0.33 | — |
| 60 |  IEMGiShares Core MSCI Emerging Markets ETF · Emerging Markets Equity | Whole market | +6.8% | 19.4% | 0.44 | −38.7% | +122% | 0.24 | 0.09% |
| 61 |  VWOVanguard FTSE Emerging Markets ETF · Emerging Markets Equity | Whole market | +5.2% | 17.5% | 0.38 | −36.4% | +102% | 0.23 | 0.06% |
| 62 |  CMECME Group Inc. · Capital Markets | Whole market | +11.2% | 20.8% | 0.62 | −37.4% | +319% | 0.06 | — |
| 63 |  JCIJohnson Controls International plc · Building Products | Whole market | +17.4% | 29.1% | 0.70 | −46.4% | +426% | 0.36 | — |
| 64 |  ENBEnbridge Inc. · Oil & Gas Midstream | Whole market | +9.1% | 18.9% | 0.56 | −44.1% | +103% | 0.39 | — |
| 65 |  RSGRepublic Services, Inc. · Environmental Services | Whole market | +13.9% | 18.5% | 0.80 | −34.0% | +446% | 0.28 | — |
| 66 | PJULInnovator U.S. Equity Power Buffer ETF · Broad Market | Whole market | +10.5% | 8.6% | 1.20 | −18.2% | — | 0.52 | 0.79% |
| 67 |  RSPInvesco S&P 500 Equal Weight ETF · US Large-Cap Equity | Whole market | +8.2% | 16.1% | 0.57 | −39.0% | +211% | 0.45 | 0.20% |
| 68 |  ORLYO'Reilly Automotive, Inc. · Specialty Retail | Whole market | +15.9% | 23.4% | 0.75 | −42.0% | +393% | 0.21 | — |
| 69 |  MSIMotorola Solutions, Inc. · Communications Equipment | Whole market | +14.8% | 23.6% | 0.71 | −32.8% | +625% | 0.32 | — |
| 70 |  WMWaste Management, Inc. · Environmental Services | Whole market | +9.3% | 19.2% | 0.56 | −30.1% | +344% | 0.17 | — |
| 71 |  EMREmerson Electric Co. · Industrial Machinery | Whole market | +12.7% | 27.7% | 0.57 | −50.8% | +309% | 0.15 | — |
| 72 |  GSKGSK plc · Pharmaceuticals | Whole market | +9.5% | 24.5% | 0.49 | −37.6% | +95.1% | 0.22 | — |
| 73 |  NGGNational Grid plc · Electric Utilities | Whole market | +11.8% | 22.6% | 0.61 | −39.2% | +118% | 0.29 | — |
| 74 | FJANFT Vest U.S. Equity Buffer ETF - January · Multi-Asset | Whole market | +11.1% | 10.5% | 1.05 | −13.6% | — | 0.49 | 0.85% |
| 75 |  ETREntergy Corporation · Electric Utilities | Whole market | +19.2% | 22.4% | 0.90 | −42.0% | +311% | 0.15 | — |
| 76 |  CCEPCoca-Cola Europacific Partners PLC · Food & Beverages | Whole market | +19.7% | 23.2% | 0.90 | −48.8% | +292% | 0.26 | — |
| 77 |  DUKDuke Energy Corporation · Electric Utilities | Whole market | +7.5% | 18.0% | 0.50 | −37.4% | +132% | 0.23 | — |
| 78 |  AEPAmerican Electric Power Company, Inc. · Electric Utilities | Whole market | +12.4% | 20.2% | 0.68 | −32.9% | +185% | 0.12 | — |
| 79 |  ALLThe Allstate Corporation · Property & Casualty Insurance | Whole market | +17.0% | 26.2% | 0.73 | −41.4% | +356% | 0.12 | — |
| 80 |  PCARPACCAR Inc · Commercial Vehicles | Whole market | +17.9% | 26.1% | 0.76 | −37.9% | +314% | 0.31 | — |
| 81 |  FASTFastenal Company · Industrial Distribution | Whole market | +15.8% | 24.6% | 0.72 | −30.7% | +576% | 0.20 | — |
| 82 |  CSXCSX Corporation · Railroads | Whole market | +8.3% | 23.3% | 0.46 | −40.5% | +446% | 0.34 | — |
| 83 |  SCHGSchwab U.S. Large-Cap Growth ETF · US Large-Cap Growth | Whole market | +13.1% | 22.4% | 0.67 | −34.5% | +451% | 0.53 | 0.04% |
| 84 |  AMEAMETEK, Inc. · Electronic Instruments | Whole market | +14.4% | 22.1% | 0.72 | −42.7% | +481% | 0.32 | — |
| 85 |  RACEFerrari N.V. · Automobiles | Whole market | +13.3% | 30.0% | 0.57 | −39.2% | +711% | 0.34 | — |
| 86 |  DYNFiShares U.S. Equity Factor Rotation Active ETF · US Multifactor Equity | Whole market | +14.7% | 17.5% | 0.87 | −34.7% | — | 0.55 | 0.26% |
| 87 |  TRPTC Energy Corporation · Oil & Gas Midstream | Whole market | +10.8% | 21.9% | 0.58 | −41.6% | +160% | 0.40 | — |
| 88 |  AJGArthur J. Gallagher & Co. · Insurance | Whole market | +10.9% | 24.2% | 0.55 | −44.4% | +516% | 0.36 | — |
| 89 |  ECLEcolab Inc. · Specialty Chemicals | Whole market | +6.7% | 24.1% | 0.39 | −43.7% | +176% | 0.39 | — |
| 90 | CBOECboe Global Markets, Inc. · Capital Markets | Whole market | +21.5% | 25.1% | 0.91 | −43.2% | +463% | 0.05 | — |
| 91 |  IXORIX Corporation · Diversified Financials | Whole market | +17.9% | 25.4% | 0.78 | −42.5% | +284% | 0.23 | — |
| 92 | IRMIron Mountain Incorporated · Specialty REITs | Whole market | +24.6% | 30.3% | 0.88 | −39.0% | +470% | 0.19 | — |
| 93 | SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds | Whole market | +20.6% | 18.4% | 1.12 | −45.7% | — | -0.19 | 0.80% |
| 94 |  SLFSun Life Financial Inc. · Life Insurance | Whole market | +11.7% | 19.4% | 0.67 | −50.8% | +255% | 0.50 | — |
| 95 |  TELTE Connectivity plc · Electronic Components | Whole market | +9.5% | 28.7% | 0.46 | −47.7% | +311% | 0.39 | — |
| 96 | EFViShares MSCI EAFE Value ETF · International Equity | Whole market | +13.6% | 15.9% | 0.88 | −43.2% | +157% | 0.33 | 0.31% |
| 97 |  FMXFomento Económico Mexicano, S.A.B. de C.V. · Convenience Stores | Whole market | +14.0% | 25.7% | 0.64 | −45.5% | +79.7% | 0.37 | — |
| 98 |  XLFState Street Financial Select Sector SPDR ETF · Financial Sector Equity | Whole market | +8.6% | 18.3% | 0.54 | −42.9% | +241% | 0.51 | 0.08% |
| 99 |  NDAQNasdaq, Inc. · Capital Markets | Whole market | +8.9% | 24.7% | 0.47 | −38.3% | +407% | 0.25 | — |
| 100 | ATOAtmos Energy Corporation · Gas Utilities | Whole market | +14.9% | 18.4% | 0.85 | −32.9% | +194% | 0.33 | — |
TTWO against its popular alternatives
The investments people most often weigh against TTWO, compared period by period and year by year.
How do TTWO's risk and return compare with its alternatives?
This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at TTWO, which divides the map into what did better or worse on each measure.
- Only GOOG and MSFT were both more rewarding and calmer than TTWO over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, TTWO returned 3.6% a year, less than the S&P 500's 12.7%, with higher volatility (32.9% against 17.1%).
Green points earned more than TTWO with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.
All figures
| Investment | Annual return | Volatility |
|---|---|---|
| APP AppLovin Corporation | +23.9% | 78.1% |
| GOOG Alphabet Inc. | +19.0% | 32.0% |
| META Meta Platforms, Inc. | +15.5% | 45.4% |
| SPY S&P 500State Street SPDR S&P 500 ETF | +12.7% | 17.1% |
| MSFT Microsoft Corporation | +12.5% | 28.2% |
| NTES NetEase, Inc. | +6.6% | 41.9% |
| TTWO This pageTake-Two Interactive Software, Inc. | +3.6% | 32.9% |
| SONY Sony Group Corporation | +2.9% | 29.2% |
| RBLX Roblox Corporation | −7.8% | 71.1% |
| GRVY Gravity Co., Ltd. | −8.2% | 41.9% |
| U Unity Software Inc. | −22.4% | 77.5% |
| PLAY Dave & Buster's Entertainment, Inc. | −26.3% | 61.2% |
| PLTK Playtika Holding Corp. | −38.9% | 53.1% |
Has TTWO consistently beaten its popular alternatives?
This section compares TTWO with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than TTWO helps separate lasting outperformance from a single strong stretch.
- Three of the 11 popular alternatives, MSFT, GOOG and META, outperformed TTWO in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- MSFT, GOOG and META outperformed TTWO in every long-term period and in all but one short-term period, the most consistent record in the group.
- GOOG and MSFT earned more for the risk they took than TTWO (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
A green cell means the alternative earned more than TTWO over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.
| Investment | Periods outperformed | Short term | Long term | Risk · 5 years | Fund | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Volatilitylower is calmer | Sharpehigher is better | Worst declinepast 10 years | Expense | Assets | Overlapsame sectors | ||
| TTWO Take-Two Interactive Software, Inc. (this page) | — | −1.5% | −13.5% | −4.7% | −17.8% | −21.2% | +47.0% | +19.1% | +360% | 32.9% | 0.27 | −56.1% | — | $39B | — |
| MSFT QualifiedMicrosoft Corporation | 5/5 short3/3 longAll-weather | +6.0% | +32.5% | +27.7% | +13.2% | +3.8% | +66.6% | +80.3% | +946% | 28.2% | 0.56 | −37.1% | — | $3.9T | — |
| GOOG QualifiedAlphabet Inc. | 4/5 short3/3 longAll-weather | −4.1% | −4.2% | +0.4% | +6.9% | +31.2% | +148% | +138% | +752% | 32.0% | 0.71 | −44.6% | — | $4.1T | — |
| META QualifiedMeta Platforms, Inc. | 4/5 short3/3 longAll-weather | −6.3% | +7.6% | +3.7% | +7.0% | −4.9% | +127% | +106% | +439% | 45.4% | 0.55 | −76.7% | — | $1.8T | — |
| APP Software - ApplicationAppLovin Corporation | 0/5 short2/3 long | −17.5% | −35.8% | −44.5% | −55.9% | −51.9% | +625% | +192% | — | 78.1% | 0.66 | −91.9% | — | $92B | — |
| SONY Consumer ElectronicsSony Group Corporation | 5/5 short1/3 long | +7.3% | +19.7% | +18.1% | −2.2% | −13.2% | +54.0% | +15.4% | +309% | 29.2% | 0.24 | −50.6% | — | $150B | — |
| NTES Electronic Gaming & MultimediaNetEase, Inc. | 5/5 short1/3 long | +6.5% | −6.4% | +6.9% | −13.5% | −16.2% | +34.1% | +37.6% | +184% | 41.9% | 0.36 | −57.4% | — | $80B | — |
| GRVY Electronic Gaming & MultimediaGravity Co., Ltd. | 4/5 short1/3 long | −3.9% | +8.0% | +2.9% | +14.1% | +15.2% | +2.8% | −34.9% | +2,415% | 41.9% | 0.01 | −83.2% | — | $465M | — |
| RBLX Electronic Gaming & MultimediaRoblox Corporation | 2/5 short1/3 long | +2.1% | −1.7% | −15.3% | −35.3% | −61.2% | +64.8% | −33.4% | — | 71.1% | 0.24 | −82.8% | — | $37B | — |
| U Software - ApplicationUnity Software Inc. | 4/5 short0/3 long | −7.1% | +34.7% | +51.4% | −9.2% | +13.9% | +47.8% | −71.8% | — | 77.5% | 0.06 | −93.1% | — | $18B | — |
| PLAY LeisureDave & Buster's Entertainment, Inc. | 1/5 short0/3 long | +14.7% | −22.9% | −43.7% | −54.3% | −56.1% | −78.2% | −78.2% | −80.4% | 61.2% | -0.19 | −93.2% | — | $271M | — |
| PLTK Electronic Gaming & MultimediaPlaytika Holding Corp. | 0/5 short0/3 long | −10.0% | −45.0% | −43.0% | −47.7% | −39.2% | −72.7% | −91.5% | — | 53.1% | -0.67 | −93.0% | — | $793M | — |
How did TTWO do year by year?
This table shows each investment's total return in every full calendar year since 1998, along with where TTWO ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with TTWO and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.
- Ranked against its popular alternatives each year, TTWO finished in the top quarter in six of 21 years and in the bottom quarter in three. In 2025, it ranked 6 of 12.
- TTWO finished ahead of the S&P 500 in 16 of its 28 full calendar years.
- Among its popular alternatives, GOOG came out ahead of TTWO most often, in 14 of the 21 years both traded.
Newest year first. Green marks a year in which the fund came out ahead of TTWO; gray means the two finished within a fraction of a point. The rank row places TTWO among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.
| Investment | Years ahead of TTWO | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TTWO This pageTake-Two Interactive Software, Inc. | — | +39.1% | +14.4% | +54.6% | −41.4% | −14.5% | +69.7% | +18.9% | −6.2% | +123% | +41.5% | +24.3% | +61.4% | +57.8% | −18.7% | +10.4% | +22.1% | +32.9% | −59.0% | +3.9% | +0.3% | −23.7% | +20.3% | +23.1% | +45.3% | +40.6% | −11.1% | +56.9% | +60.8% |
| Rank among alternatives | Top quarter in 6 of 21 | 6 of 12 | 5 of 12 | 7 of 12 | 7 of 12 | 8 of 9 | 2 of 8 | 6 of 8 | 4 of 8 | 2 of 8 | 2 of 8 | 5 of 8 | 1 of 7 | 4 of 7 | 5 of 6 | 2 of 6 | 2 of 6 | 6 of 6 | 4 of 6 | 4 of 6 | 5 of 6 | 5 of 5 | — | — | — | — | — | — | — |
| SPY S&P 500State Street SPDR S&P 500 ETF | 12 of 28 | +17.7% | +24.9% | +26.2% | −18.2% | +28.7% | +18.3% | +31.2% | −4.6% | +21.7% | +12.0% | +1.2% | +13.5% | +32.3% | +16.0% | +1.9% | +15.1% | +26.4% | −36.8% | +5.1% | +15.9% | +4.8% | +10.7% | +28.2% | −21.6% | −11.7% | −9.8% | +20.4% | +28.7% |
| MSFT Microsoft Corporation | 14 of 28 | +15.6% | +12.9% | +58.2% | −28.0% | +52.5% | +42.5% | +57.6% | +20.8% | +40.8% | +15.1% | +22.7% | +27.5% | +44.3% | +5.8% | −4.5% | −6.5% | +60.5% | −44.4% | +20.8% | +15.8% | −1.0% | +9.2% | +6.2% | −22.0% | +52.8% | −62.9% | +68.4% | +115% |
| GOOG Alphabet Inc. | 14 of 21 | +65.4% | +35.6% | +58.8% | −38.7% | +65.2% | +31.0% | +29.1% | −1.0% | +35.6% | +1.7% | +44.5% | −6.0% | +58.5% | +9.5% | +8.8% | −4.2% | +101% | −55.5% | +50.2% | +11.1% | +115% | — | — | — | — | — | — | — |
| META Meta Platforms, Inc. | 6 of 13 | +13.1% | +66.0% | +194% | −64.2% | +23.1% | +33.1% | +56.6% | −25.7% | +53.4% | +9.9% | +34.2% | +42.8% | +105% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| APP AppLovin Corporation | 3 of 4 | +108% | +713% | +278% | −88.8% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SONY Sony Group Corporation | 10 of 28 | +21.7% | +12.4% | +24.9% | −39.3% | +25.6% | +49.7% | +41.7% | +8.1% | +61.1% | +14.8% | +20.7% | +19.0% | +56.6% | −36.7% | −48.8% | +24.1% | +34.2% | −59.3% | +27.3% | +5.6% | +5.5% | +13.0% | −15.6% | −8.0% | −34.9% | −51.1% | +297% | −20.2% |
| NTES NetEase, Inc. | 15 of 25 | +58.3% | −1.7% | +30.6% | −27.4% | +7.1% | +57.9% | +34.7% | −31.3% | +62.2% | +20.7% | +85.3% | +30.3% | +89.0% | −5.1% | +23.9% | −3.8% | +70.0% | +16.8% | +1.4% | +32.9% | +5.9% | +43.7% | +223% | +1,689% | −79.1% | — | — | — |
| GRVY Gravity Co., Ltd. | 6 of 20 | −8.3% | −9.3% | +72.5% | −40.8% | −62.3% | +383% | −10.8% | −11.2% | +795% | +234% | −34.2% | −34.8% | −30.8% | −8.3% | −15.2% | +4.9% | +226% | −83.9% | −46.8% | −18.8% | — | — | — | — | — | — | — | — |
| RBLX Roblox Corporation | 2 of 4 | +40.0% | +26.6% | +60.6% | −72.4% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| U Unity Software Inc. | 2 of 5 | +96.6% | −45.1% | +43.0% | −80.0% | −6.8% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| PLAY Dave & Buster's Entertainment, Inc. | 3 of 11 | −44.5% | −45.8% | +51.9% | −7.7% | +27.9% | −25.0% | −8.9% | −18.8% | −2.0% | +34.9% | +52.9% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| PLTK Playtika Holding Corp. | 0 of 4 | −37.2% | −15.9% | +2.5% | −50.8% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Risk and diversification
How TTWO has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.
What were TTWO's worst declines?
A drawdown is the decline from a peak to the lowest point before a new high. This section presents TTWO's five deepest drawdowns since it began trading in 1997, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.
- In all five of TTWO's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: TTWO fell 56.1% from February 2021 to November 2022, while the S&P 500 rose 0.3%.
- The slowest recovery came after TTWO fell 80.8% from June 2005 to March 2009; it did not regain that peak until January 2015, six years later.
Green means TTWO fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.
| During | TTWO fell | S&P 500, same dates | Peak | Low | Time to the low | Back at the peak | Time to recover |
|---|---|---|---|---|---|---|---|
| 2008 financial crisis | −80.8% | −37.6% | Jun 2005 | Mar 2009 | 3.8 years | Jan 2015 | 5.8 years |
| Dot-com bust | −70.8% | −19.7% | Jun 2001 | Sep 2001 | 3 months | Apr 2002 | 7 months |
| 2022 bear market | −56.1% | +0.3% | Feb 2021 | Nov 2022 | 21 months | Feb 2025 | 2.3 years |
| Dot-com bust | −55.7% | −3.2% | Mar 2000 | Apr 2000 | 1 month | May 2001 | 13 months |
| No named crash | −47.1% | +6.7% | Feb 1999 | Jun 1999 | 4 months | Nov 1999 | 5 months |
How did TTWO do in stock market crashes?
This section measures how far TTWO, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.
- TTWO fell further than the S&P 500 in seven of the ten crashes it has traded through. The clearest case was the 2008 financial crisis, when TTWO fell 79.7% and the S&P 500 fell 55.2%.
- Among its popular alternatives, MSFT held up best, falling less than TTWO in seven of the ten crashes they both traded through.
Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than TTWO.
| Investment | Held up better | 2023 regional bank crisisMar 2023 | 2022 bear marketJan 2022 | Covid crashFeb 2020 | Late-2018 sell-offSep 2018 | February 2018 volatility shockFeb 2018 | 2015 China and oil sell-offAug 2015 | 2011 euro debt crisisJul 2011 | 2010 flash crashMay 2010 | 2008 financial crisisOct 2007 | Dot-com bustMar 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TTWO This pageTake-Two Interactive Software, Inc. | — | −4.9% | −43.0% | −16.1% | −28.4% | −14.9% | −12.5% | −23.4% | 0.0% | −79.7% | −70.8% |
| SPY S&P 500State Street SPDR S&P 500 ETF | 7 of 10 | −3.4% | −24.5% | −33.7% | −19.3% | −6.5% | −12.8% | −17.9% | −1.5% | −55.2% | −47.5% |
| MSFT Microsoft Corporation | 7 of 10 | −2.0% | −31.0% | −27.7% | −18.2% | −7.4% | −14.4% | −14.1% | −2.6% | −57.9% | −62.9% |
| GOOG Alphabet Inc. | 6 of 9 | −3.9% | −35.0% | −30.8% | −18.9% | −9.9% | −12.7% | −21.1% | −1.1% | −65.3% | — |
| META Meta Platforms, Inc. | 3 of 6 | −2.9% | −62.1% | −32.9% | −26.5% | −9.8% | −13.9% | — | — | — | — |
| APP AppLovin Corporation | 0 of 2 | −7.4% | −80.0% | — | — | — | — | — | — | — | — |
| SONY Sony Group Corporation | 4 of 10 | −3.8% | −50.6% | −22.9% | −24.3% | −9.7% | −30.2% | −32.0% | −1.0% | −72.3% | −76.2% |
| NTES NetEase, Inc. | 5 of 9 | −2.0% | −33.4% | −24.0% | −17.5% | −8.8% | −28.2% | −29.3% | 0.0% | −41.8% | — |
| GRVY Gravity Co., Ltd. | 3 of 9 | −5.9% | −39.0% | −27.5% | −14.1% | −6.7% | −25.7% | −27.1% | −0.5% | −88.0% | — |
| RBLX Roblox Corporation | 1 of 2 | −3.4% | −75.6% | — | — | — | — | — | — | — | — |
| U Unity Software Inc. | 0 of 2 | −7.6% | −76.6% | — | — | — | — | — | — | — | — |
| PLAY Dave & Buster's Entertainment, Inc. | 2 of 6 | −13.0% | −38.5% | −89.5% | −34.1% | −6.8% | −27.3% | — | — | — | — |
| PLTK Playtika Holding Corp. | 0 of 2 | −6.0% | −55.9% | — | — | — | — | — | — | — | — |
How closely does TTWO move with the S&P 500?
Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares TTWO with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.
- Over the past 10 years, TTWO captured 91% of the S&P 500's gains in rising months and 75% of its losses in falling months, with a beta of 0.78. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- Only MSFT and NTES had a higher capture ratio (upside capture divided by downside capture) than TTWO's 1.21, out of six popular alternatives with the same record.
- GRVY took just -14% of the S&P 500's losses, against 75% for TTWO, while still keeping 106% of its gains.
Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than TTWO's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.
| Investment | Upside capture | Downside capture | Capture ratio | Beta |
|---|---|---|---|---|
| TTWO This pageTake-Two Interactive Software, Inc. | 91% | 75% | 1.21 | 0.78 |
| MSFT Microsoft Corporation | 127% | 91% | 1.39 | 0.96 |
| NTES NetEase, Inc. | 64% | 52% | 1.24 | 0.58 |
| GOOG Alphabet Inc. | 132% | 110% | 1.20 | 1.12 |
| SONY Sony Group Corporation | 96% | 99% | 0.97 | 0.86 |
| META Meta Platforms, Inc. | 134% | 143% | 0.94 | 1.25 |
| PLAY Dave & Buster's Entertainment, Inc. | 78% | 266% | 0.29 | 1.98 |
| GRVY Gravity Co., Ltd. | 106% | -14% | — | 0.35 |
What diversifies TTWO?
Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with TTWO's. Because such investments tend not to fall at the same time, pairing TTWO with them can reduce a portfolio's overall swings.
- Moving a fifth of the money in TTWO into GLD would have cut the portfolio's volatility by 20% over the past 5 years and raised its annual return (+6.1% for TTWO alone, +9.5% for the mix).
- FIX made money in five of the seven calendar years in which TTWO lost money.
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of TTWO over the past 5 years, with correlations of 0.32 or lower, and each still earned a positive 5-year return.
Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which TTWO lost money. The last two columns show a portfolio that is 80% TTWO and 20% the other investment, rebalanced monthly.
ETFs
| Investment | Correlation | 5Y return | Sharpe | 2022 | 2021 | 2018 | 2012 | 2008 | 2005 | 2000 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TTWO Take-Two Interactive Software, Inc. (this page) | 1.00 | +19.1% | 0.27 | −41.4% | −14.5% | −6.2% | −18.7% | −59.0% | −23.7% | −11.1% | 29.2% | +6.1% |
| LVHI InternationalFranklin International Low Volatility High Dividend Index ETF | 0.16 | +119% | 1.48 | +3.8% | +17.8% | −5.2% | — | — | — | — | 23.7% | +8.9% |
| DXJ InternationalWisdomTree Japan Hedged Equity Fund | 0.12 | +225% | 1.34 | +6.0% | +18.0% | −19.8% | +19.6% | −20.8% | — | — | 23.8% | +10.8% |
| EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund | 0.32 | +101% | 1.04 | +10.4% | +23.1% | −8.7% | — | — | — | — | 24.4% | +8.6% |
| HDV Dividend & IncomeiShares Core High Dividend ETF | 0.25 | +83.3% | 1.00 | +7.1% | +19.6% | −3.0% | +9.6% | — | — | — | 24.2% | +8.0% |
| FTLS Broad MarketFirst Trust Long/Short Equity ETF | 0.43 | +62.9% | 0.99 | −5.6% | +19.7% | −4.8% | — | — | — | — | 24.1% | +7.7% |
| SMH TechnologyVanEck Semiconductor ETF | 0.36 | +323% | 0.97 | −33.5% | +42.1% | −9.1% | +8.6% | −44.7% | +10.8% | — | 26.6% | +13.0% |
| DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF | 0.37 | +85.0% | 0.96 | −5.1% | +19.6% | −9.5% | +20.9% | — | — | — | 24.3% | +8.2% |
| GLD CommoditiesSPDR Gold Shares | -0.03 | +126% | 0.96 | −0.8% | −4.2% | −1.9% | +6.6% | +4.9% | +17.8% | — | 23.5% | +9.5% |
Stocks
| Investment | Correlation | 5Y return | Sharpe | 2022 | 2021 | 2018 | 2012 | 2008 | 2005 | 2000 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TTWO Take-Two Interactive Software, Inc. (this page) | 1.00 | +19.1% | 0.27 | −41.4% | −14.5% | −6.2% | −18.7% | −59.0% | −23.7% | −11.1% | 29.2% | +6.1% |
| CAH Medical - DistributionCardinal Health, Inc. | 0.25 | +479% | 1.55 | +54.1% | −0.4% | −24.5% | +3.8% | −39.6% | +18.7% | +108% | 25.2% | +12.9% |
| CLS Hardware, Equipment & PartsCelestica Inc. | 0.29 | +3,143% | 1.47 | +1.3% | +37.9% | −16.3% | +11.2% | −20.5% | −25.2% | −2.3% | 29.0% | +24.8% |
| FIX Engineering & ConstructionComfort Systems USA, Inc. | 0.19 | +1,636% | 1.46 | +17.0% | +89.0% | +0.8% | +15.7% | −15.2% | +20.1% | −71.1% | 26.6% | +21.4% |
| MCK Medical - DistributionMcKesson Corporation | 0.26 | +413% | 1.44 | +51.8% | +44.2% | −28.4% | +25.6% | −40.4% | +64.9% | +61.2% | 25.1% | +12.3% |
| MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation | -0.07 | +690% | 1.41 | +86.6% | +61.0% | −8.2% | +94.3% | — | — | — | 23.8% | +15.4% |
Common questions
What was TTWO's worst drawdown?
TTWO's deepest decline since it began trading in 1997 was 80.8%, from June 2005 to March 2009. It took about six years from the low to climb back to its old high.
What were TTWO's best and worst years?
Over 28 full calendar years, TTWO's best year was 2017, when it returned 123%. Its worst was 2008, with a return of -59.0%.
Is there a better investment than TTWO?
Among TTWO's popular alternatives, MSFT earned more than TTWO with less volatility over the past 5 years: 12.5% a year at 28.2% volatility, against 3.6% a year at 32.9%. Looking beyond its popular alternatives, T (integrated telecommunications) and CHT (integrated telecommunications) earned more than TTWO with less volatility over the past 5 years. T returned 9.8% a year at 25.2% volatility, against 3.6% a year at 32.9%.
Is TTWO more volatile than the S&P 500?
Yes. TTWO's volatility over the past 5 years was 32.9%, about twice the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, TTWO's return lands within 32.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.
What is TTWO's Sharpe ratio?
TTWO's Sharpe ratio over the past 5 years was 0.27, against 0.79 for the S&P 500, so TTWO earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.
How correlated is TTWO with the S&P 500?
Over the past 5 years, TTWO's monthly returns had a correlation of 0.52 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against TTWO instead: the lower it is, the more that option would diversify a TTWO holding.
What are the best alternatives to TTWO?
Of the 11 popular alternatives we compared, three outperformed TTWO in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: MSFT, GOOG and META.
Did TTWO outperform the S&P 500?
TTWO finished ahead of the S&P 500 (SPY) in 16 of 28 full calendar years. In 2025, it returned +39.1%, against +17.7% for the index.
How did TTWO do in stock market crashes?
TTWO fell less than the S&P 500 (SPY) in two of the ten major crashes it has traded through, and further in seven. The clearest case was the 2008 financial crisis, when TTWO fell 79.7% and the S&P 500 fell 55.2%.
What diversifies TTWO?
These had a low correlation with TTWO over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.16), DXJ (correlation 0.12) and EMLP (correlation 0.32); among large stocks, CAH (correlation 0.25), CLS (correlation 0.29) and FIX (correlation 0.19). A correlation near zero means the two have moved largely independently.
How we measure
- Short-term periods are 1M, 3M, 6M, YTD, 1Y; long-term periods are 3Y, 5Y, 10Y. An investment outperformed in a period when its total return, with dividends reinvested, was higher than TTWO's. Returns within 0.5 points or 3% of TTWO's, whichever is larger, count as a tie.
- "Qualified" means outperforming in at least 3 of 5 short-term periods and 2 of 3 long-term periods. "All-weather" means outperforming in every long-term period and all but one short-term period.
- Popular alternatives are the funds and stocks most often compared with this one. We include only those that trade today, are not leveraged or inverse, and hold at least $200 million.
- Volatility is the annualized standard deviation of daily returns over 5 years, a measure of how much the price typically swings in a year. The Sharpe ratio is the return above cash for each unit of that volatility.
- A decline, or drawdown, runs from a peak to the lowest close before the next high. The worst decline ever uses all the price history we have; comparisons between funds use the past 10 years so that younger funds are judged on the same stretch.
- Sector overlap is the share of assets two funds hold in the same sectors. Correlation and the mixed-portfolio figures use monthly returns.
- Upside and downside capture follow Morningstar's definition: the compound monthly return in the months the S&P 500 rose (or fell), divided by the S&P 500's compound return in those months. Beta measures how strongly monthly returns have moved with the S&P 500. All three use the same window for every investment.
- Figures are computed from daily adjusted prices and update after each trading day. Past performance does not predict future results.
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