MGM Resorts International vs State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF — how do they compare? MGM Resorts International trades at $46.57 (market cap $11.86B), while State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF trades at $24.9. The key difference: MGM Resorts International pays a 0.03% dividend while State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF pays none, and MGM Resorts International is trading nearer its 52-week high, State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF nearer its low. Which is the better fit depends on your goals.
| MGM | SJNK | |
|---|---|---|
Market Cap | $11.86B | — |
Sector | Consumer Cyclical | Sector/Thematic |
52-Week High | $50.69 | $25.63 |
52-Week Low | $30.72 | $24.75 |
Enterprise Value | $40.90B | — |
Dividend Yield | 0.03% | — |
Trailing returns across standard periods
Latest headlines on both assets
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Cosmopolitan, Luxor, New York-New York, and CityCenter. The Strip contributed approximately 49% of total EBITDAR in the prepandemic year of 2019. MGM also owns U.S. regional assets, which represented 29% of 2019 EBITDAR. we estimate MGM's U.S. sports and iGaming operations are currently a mid-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM Macau casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2027.
Read more on MGM →SJNK invests in U.S. dollar-denominated high-yield corporate bonds with short-term maturities (under five years). It offers higher yields than investment-grade funds but with less interest rate sensitivity than longer-term junk bond ETFs.
Read more on SJNK →