BYD vs RRR: Correlation
Measured on weekly returns over the past three years, Boyd Gaming Corporation (BYD) and Red Rock Resorts, Inc. (RRR) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYD and RRR?
Across a 3-year window, the weekly returns of BYD and RRR correlate at 0.65, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 526.0 %².
RRR is one of the assets that tracks BYD most closely: it ranks #1 out of the 11 assets we track against BYD. Neither side won the trailing year by much: -8.0% against -4.2%.
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.
BYD vs RRR: side by side
| BYD (Boyd Gaming Corporation) | RRR (Red Rock Resorts, Inc.) | |
|---|---|---|
| 1-year return | -8.0% | -4.2% |
| 5-year return | +34.3% | +60.9% |
| Volatility (ann.) | 25.2% | 32.0% |
| Beta vs S&P 500 | 0.73 | 0.90 |
| Max drawdown (3Y) | -25.6% | -38.6% |
| Market cap | $5.8B | $6.0B |
| P/E (trailing) | 3.6 | 20.6 |
| Dividend yield | 0.94% | 1.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYD | RRR |
|---|---|---|
| 2022 | -15.9% | -23.7% |
| 2023 | +16.0% | +36.3% |
| 2024 | +17.1% | -10.1% |
| 2025 | +18.6% | +39.5% |
| 2026 | -6.1% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYD and RRR good diversifiers for each other?
Only partially. A correlation of 0.65 means BYD and RRR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BYD and RRR?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.66 over the last year and 0.71 over 5 years.
Is RRR a good diversifier for BYD?
Only partially. A correlation of 0.65 means BYD and RRR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/byd-vs-rrr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/byd-vs-rrr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BYD correlations · RRR correlations
