F vs MGM: Correlation
How closely do Ford Motor Company (F) and MGM Resorts (MGM) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are F and MGM?
On 3 years of weekly data the F/MGM correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.41 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 521.0 %².
Among the 35 assets we track against F, MGM ranks #22 by 3-year correlation. On 12-month performance F holds a 14.6-point edge, +22.6% against +8.0%. On a rolling one-year basis the correlation drifted between 0.22 and 0.69, 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.
F vs MGM: side by side
| F (Ford Motor Company) | MGM (MGM Resorts) | |
|---|---|---|
| 1-year return | +22.6% | +8.0% |
| 5-year return | +45.8% | +0.8% |
| Volatility (ann.) | 36.1% | 35.2% |
| Beta vs S&P 500 | 1.06 | 1.18 |
| Max drawdown (3Y) | -36.5% | -46.0% |
| Market cap | $55.6B | $11.0B |
| P/E (trailing) | – | 26.4 |
| Dividend yield | 4.32% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | F | MGM |
|---|---|---|
| 2022 | -42.2% | -25.3% |
| 2023 | +15.8% | +33.3% |
| 2024 | -13.1% | -22.4% |
| 2025 | +42.3% | +5.3% |
| 2026 | +10.0% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are F and MGM good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between F and MGM?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.21 over the last year and 0.48 over 5 years.
Is MGM a good diversifier for F?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/f-vs-mgm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/f-vs-mgm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: F correlations · MGM correlations
