# How Take-Two Interactive Software (TTWO) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/ttwo
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

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.

## Key findings

- **Right now:** Over 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.
- **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 years:** TTWO 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%).
- **Long term:** TTWO 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%).
- **In a crash:** TTWO 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%.
- **Diversification:** TTWO 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).
- **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.

- $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.

## 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.

- 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.

- Type: Stock, Technology (Electronic Gaming & Multimedia)
- Trading since: April 15, 1997
- Market value: $39B
- Volatility (5 years): 32.9%; Sharpe ratio: 0.27
- Worst decline ever: −80.8%, from June 14, 2005 to March 3, 2009; back at its high by January 22, 2015

| Period | TTWO total return |
| --- | --- |
| 1 month | −1.5% |
| 3 months | −13.5% |
| 6 months | −4.7% |
| year to date | −17.8% |
| 1 year | −21.2% |
| 3 years | +47.0% |
| 5 years | +19.1% |
| 10 years | +360% |

## 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.

- 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.

| Measure | TTWO | Rank |
| --- | --- | --- |
| 1-year return | −21.2% | 2,676 of 3,287 (top 82%) |
| 3-year return | +47.0% | 1,596 of 3,017 (top 53%) |
| 5-year return | +19.1% | 1,463 of 2,893 (top 51%) |
| 10-year return | +360% | 470 of 2,202 (top 22%) |
| Volatility, 5 years | 32.9% | 994 of 2,893 (top 35%) |
| Sharpe ratio, 5 years | 0.27 | 1,642 of 2,893 (top 57%) |
| 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).

- 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%.

### Is there a better investment than TTWO?

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.

- 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.

The 15 strongest of 1,134 investments that beat TTWO over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with TTWO | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| TTWO: Take-Two Interactive Software, Inc. (this page) |  | +3.6% | 32.9% | 0.27 | −56.1% | +360% |  |  |
| [RY](https://easycompare.io/research/ry): Royal Bank of Canada | Banks | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.47 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [CAH](https://easycompare.io/research/cah): Cardinal Health, Inc. | Health Care Distribution | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.25 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [AAPL](https://easycompare.io/research/aapl): Apple Inc. | Computer Hardware | +18.5% | 28.0% | 0.75 | −38.5% | +1,168% | 0.46 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VTI](https://easycompare.io/research/vti): Vanguard Morningstar Total Stock Market ETF | US Total Market | +11.5% | 17.5% | 0.71 | −35.0% | +302% | 0.53 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VOO](https://easycompare.io/research/voo): Vanguard S&P 500 ETF | US Large-Cap Equity | +12.8% | 16.9% | 0.80 | −34.0% | +324% | 0.52 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [WMT](https://easycompare.io/research/wmt): Walmart Inc. | Discount Retail | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.19 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [BRK-B](https://easycompare.io/research/brk-b): Berkshire Hathaway Inc. | Insurance | +13.4% | 17.1% | 0.82 | −29.6% | +274% | 0.41 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [JPM](https://easycompare.io/research/jpm): JPMorgan Chase & Co. | Banks | +17.3% | 24.3% | 0.78 | −43.6% | +537% | 0.49 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [ABBV](https://easycompare.io/research/abbv): AbbVie Inc. | Pharmaceuticals | +26.1% | 23.4% | 1.11 | −45.1% | +603% | 0.14 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [JNJ](https://easycompare.io/research/jnj): Johnson & Johnson | Pharmaceuticals | +12.7% | 17.9% | 0.76 | −27.4% | +196% | 0.04 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [V](https://easycompare.io/research/v): Visa Inc. | Payment Processing | +12.8% | 22.9% | 0.64 | −36.4% | +429% | 0.44 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| DXJ: WisdomTree Japan Hedged Equity Fund | International Equity | +26.6% | 19.1% | 1.34 | −39.1% | +428% | 0.12 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | International Equity | +17.0% | 11.1% | 1.48 | −32.4% | +194% | 0.16 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [KO](https://easycompare.io/research/ko): The Coca-Cola Company | Food & Beverages | +14.7% | 16.8% | 0.91 | −37.0% | +204% | 0.17 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [COST](https://easycompare.io/research/cost): Costco Wholesale Corporation | Discount Retail | +17.4% | 22.9% | 0.82 | −31.4% | +685% | 0.34 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |

## 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.

- 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%).

### 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.

- 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.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of TTWO | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| TTWO: Take-Two Interactive Software, Inc. (this page) | −21.2% | +47.0% | +19.1% | +360% |  |  | 0.27 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | +3.8% | +66.6% | +80.3% | +946% | 5/5 short-term, 3/3 long-term | all-weather | 0.56 |
| [GOOG](https://easycompare.io/research/goog): Alphabet Inc. | +31.2% | +148% | +138% | +752% | 4/5 short-term, 3/3 long-term | all-weather | 0.71 |
| [META](https://easycompare.io/research/meta): Meta Platforms, Inc. | −4.9% | +127% | +106% | +439% | 4/5 short-term, 3/3 long-term | all-weather | 0.55 |
| [APP](https://easycompare.io/research/app): AppLovin Corporation | −51.9% | +625% | +192% | — | 0/5 short-term, 2/3 long-term |  | 0.66 |
| [SONY](https://easycompare.io/research/sony): Sony Group Corporation | −13.2% | +54.0% | +15.4% | +309% | 5/5 short-term, 1/3 long-term |  | 0.24 |
| [NTES](https://easycompare.io/research/ntes): NetEase, Inc. | −16.2% | +34.1% | +37.6% | +184% | 5/5 short-term, 1/3 long-term |  | 0.36 |
| GRVY: Gravity Co., Ltd. | +15.2% | +2.8% | −34.9% | +2,415% | 4/5 short-term, 1/3 long-term |  | 0.01 |
| [RBLX](https://easycompare.io/research/rblx): Roblox Corporation | −61.2% | +64.8% | −33.4% | — | 2/5 short-term, 1/3 long-term |  | 0.24 |
| U: Unity Software Inc. | +13.9% | +47.8% | −71.8% | — | 4/5 short-term, 0/3 long-term |  | 0.06 |
| PLAY: Dave & Buster's Entertainment, Inc. | −56.1% | −78.2% | −78.2% | −80.4% | 1/5 short-term, 0/3 long-term |  | -0.19 |
| PLTK: Playtika Holding Corp. | −39.2% | −72.7% | −91.5% | — | 0/5 short-term, 0/3 long-term |  | -0.67 |

### 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.

- 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.

| Year | TTWO | SPY |
| --- | --- | --- |
| 2025 | +39.1% | +17.7% |
| 2024 | +14.4% | +24.9% |
| 2023 | +54.6% | +26.2% |
| 2022 | −41.4% | −18.2% |
| 2021 | −14.5% | +28.7% |
| 2020 | +69.7% | +18.3% |
| 2019 | +18.9% | +31.2% |
| 2018 | −6.2% | −4.6% |
| 2017 | +123% | +21.7% |
| 2016 | +41.5% | +12.0% |

## 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.

- 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.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −80.8% | June 14, 2005 | March 3, 2009 | January 22, 2015 | −37.6% | 2008 financial crisis |
| −70.8% | June 7, 2001 | September 27, 2001 | April 16, 2002 | −19.7% | dot-com bust |
| −56.1% | February 8, 2021 | November 8, 2022 | February 18, 2025 | +0.3% | 2022 bear market |
| −55.7% | March 9, 2000 | April 14, 2000 | May 24, 2001 | −3.2% | dot-com bust |
| −47.1% | February 5, 1999 | June 25, 1999 | November 29, 1999 | +6.7% |  |

### 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.

- 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.

| Crash | Dates | TTWO fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | −70.8% | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −79.7% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | 0.0% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −23.4% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −12.5% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −14.9% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −28.4% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −16.1% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −43.0% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −4.9% | −3.4% |

### 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.

- 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.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| TTWO: Take-Two Interactive Software, Inc. (this page) | 91.0% | 75.0% | 0.78 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | 127% | 91.0% | 0.96 |
| [GOOG](https://easycompare.io/research/goog): Alphabet Inc. | 132% | 110% | 1.12 |
| [META](https://easycompare.io/research/meta): Meta Platforms, Inc. | 134% | 143% | 1.25 |
| [SONY](https://easycompare.io/research/sony): Sony Group Corporation | 96.0% | 99.0% | 0.86 |
| [NTES](https://easycompare.io/research/ntes): NetEase, Inc. | 64.0% | 52.0% | 0.58 |
| GRVY: Gravity Co., Ltd. | 106% | −14.0% | 0.35 |
| PLAY: Dave & Buster's Entertainment, Inc. | 78.0% | 266% | 1.98 |

### 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).

- 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.

| Investment | Correlation with TTWO | 5Y return | Volatility | Sharpe | Rose in TTWO's 7 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.16 | +119% | 11.1% | 1.48 | 2 of 7 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.12 | +225% | 19.1% | 1.34 | 3 of 7 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.32 | +101% | 14.5% | 1.04 | 2 of 7 |
| HDV: iShares Core High Dividend ETF | 0.25 | +83.3% | 13.0% | 1.00 | 3 of 7 |
| FTLS: First Trust Long/Short Equity ETF | 0.43 | +62.9% | 10.4% | 0.99 | 1 of 7 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.36 | +323% | 36.9% | 0.97 | 3 of 7 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.37 | +85.0% | 13.8% | 0.96 | 2 of 7 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | -0.03 | +126% | 18.9% | 0.96 | 3 of 7 |

## 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.

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## Explore further

- Full page with charts: https://easycompare.io/research/ttwo
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against TTWO live: https://betterthanspy.com/?b=TTWO&utm_source=easycompare&utm_medium=research