BDJ vs WYNN: Correlation
Blackrock Enhanced Equity Dividend Trust (BDJ) and Wynn Resorts (WYNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDJ and WYNN?
Over the past 3 years, BDJ and WYNN moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 237.1 %².
WYNN is close to the least connected end of BDJ's tracked universe, ranking #12 of 16. Their recent paths diverged sharply: over the last 12 months BDJ outperformed by 42.3 percentage points (+19.0% for BDJ against -23.3% for WYNN). Risk is not evenly split, since WYNN carries 2.3 times the volatility of the other side.
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.
BDJ vs WYNN: side by side
| BDJ (Blackrock Enhanced Equity Dividend Trust) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | +19.0% | -23.3% |
| 5-year return | +53.5% | -2.9% |
| Volatility (ann.) | 15.1% | 34.7% |
| Beta vs S&P 500 | 0.72 | 0.88 |
| Max drawdown (3Y) | -14.4% | -37.8% |
| Market cap | $1.7B | $9.6B |
| P/E (trailing) | 6.2 | 22.4 |
| Dividend yield | 7.57% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BDJ | WYNN |
|---|---|---|
| 2022 | -1.7% | -3.0% |
| 2023 | -6.7% | +11.3% |
| 2024 | +16.8% | -4.4% |
| 2025 | +26.1% | +41.0% |
| 2026 | +8.9% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDJ and WYNN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BDJ and WYNN?
As of 2026-08-27, the correlation of weekly returns between BDJ and WYNN is 0.45 over 3 years, 0.37 over 1 year and 0.43 over 5 years.
Is WYNN a good diversifier for BDJ?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/bdj-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bdj-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDJ correlations · WYNN correlations
