BBY vs MGM: Correlation
Best Buy (BBY) and MGM Resorts (MGM) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and MGM?
Over the past 3 years, BBY and MGM moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 569.4 %².
By 3-year correlation, MGM places #16 of the 33 assets tracked against BBY. Over the last 12 months BBY came out ahead by 8.9 percentage points (+16.9% against +8.0%). The rolling one-year correlation moved between 0.28 and 0.54 over the past three years, a moderate range.
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.
BBY vs MGM: side by side
| BBY (Best Buy) | MGM (MGM Resorts) | |
|---|---|---|
| 1-year return | +16.9% | +8.0% |
| 5-year return | -11.2% | +0.8% |
| Volatility (ann.) | 37.6% | 35.2% |
| Beta vs S&P 500 | 0.97 | 1.18 |
| Max drawdown (3Y) | -44.3% | -46.0% |
| Market cap | – | $11.0B |
| P/E (trailing) | 16.2 | 26.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | BBY | MGM |
|---|---|---|
| 2022 | -17.5% | -25.3% |
| 2023 | +2.5% | +33.3% |
| 2024 | +14.4% | -22.4% |
| 2025 | -17.8% | +5.3% |
| 2026 | +28.4% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and MGM good diversifiers for each other?
Reasonably. At 0.43, BBY and MGM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBY and MGM?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.38 over the last year and 0.40 over 5 years.
Is MGM a good diversifier for BBY?
Reasonably. At 0.43, BBY and MGM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bby-vs-mgm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bby-vs-mgm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBY correlations · MGM correlations
