BAC vs MGM: Correlation
How closely do Bank of America (BAC) and MGM Resorts (MGM) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and MGM?
On 3 years of weekly data the BAC/MGM correlation comes out at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.55). The 5-year figure is 0.54, and annualized covariance runs at 512.3 %².
Among the 45 assets we track against BAC, MGM ranks #30 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BAC ahead by 16.1 points (+24.1% versus +8.0%). On a rolling one-year basis the correlation drifted between 0.47 and 0.72, a moderate band.
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.
BAC vs MGM: side by side
| BAC (Bank of America) | MGM (MGM Resorts) | |
|---|---|---|
| 1-year return | +24.1% | +8.0% |
| 5-year return | +66.0% | +0.8% |
| Volatility (ann.) | 26.5% | 35.2% |
| Beta vs S&P 500 | 1.11 | 1.18 |
| Max drawdown (3Y) | -27.5% | -46.0% |
| Market cap | $427.7B | $11.0B |
| P/E (trailing) | 14.1 | 26.4 |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | BAC | MGM |
|---|---|---|
| 2022 | -23.8% | -25.3% |
| 2023 | +4.8% | +33.3% |
| 2024 | +33.9% | -22.4% |
| 2025 | +28.0% | +5.3% |
| 2026 | +12.4% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and MGM good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BAC and MGM?
The BAC/MGM correlation stands at 0.55 on a 3-year window (1 year: 0.44, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is MGM a good diversifier for BAC?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 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/bac-vs-mgm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bac-vs-mgm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAC correlations · MGM correlations
