DLTR vs MGM: Correlation
Measured on weekly returns over the past three years, Dollar Tree (DLTR) and MGM Resorts (MGM) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and MGM?
Across a 3-year window, the weekly returns of DLTR and MGM correlate at 0.40, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.40). Stretching to 5 years gives 0.34, with an annualized covariance of 519.4 %².
By 3-year correlation, MGM places #13 of the 32 assets tracked against DLTR. Twelve-month performance is nearly a tie, at +12.5% for DLTR and +8.0% for MGM. On a rolling one-year basis the correlation drifted between 0.21 and 0.53, 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.
DLTR vs MGM: side by side
| DLTR (Dollar Tree) | MGM (MGM Resorts) | |
|---|---|---|
| 1-year return | +12.5% | +8.0% |
| 5-year return | +39.7% | +0.8% |
| Volatility (ann.) | 37.3% | 35.2% |
| Beta vs S&P 500 | 0.70 | 1.18 |
| Max drawdown (3Y) | -59.2% | -46.0% |
| Market cap | $23.8B | $11.0B |
| P/E (trailing) | 21.2 | 26.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | Consumer Discretionary |
Year-by-year returns
| Year | DLTR | MGM |
|---|---|---|
| 2022 | +0.7% | -25.3% |
| 2023 | +0.4% | +33.3% |
| 2024 | -47.2% | -22.4% |
| 2025 | +64.1% | +5.3% |
| 2026 | +3.2% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and MGM good diversifiers for each other?
Reasonably. At 0.40, DLTR and MGM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLTR and MGM?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.54 over the last year and 0.34 over 5 years.
Is MGM a good diversifier for DLTR?
Reasonably. At 0.40, DLTR and MGM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/dltr-vs-mgm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dltr-vs-mgm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DLTR correlations · MGM correlations
