FBLG vs WYNN: Correlation
Measured on weekly returns over the past three years, FibroBiologics, Inc. (FBLG) and Wynn Resorts (WYNN) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBLG and WYNN?
Across a 3-year window, the weekly returns of FBLG and WYNN correlate at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -862.9 %².
Out of 15 assets tracked against FBLG, WYNN lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months WYNN outperformed by 64.3 percentage points (-87.6% for FBLG against -23.3% for WYNN). One caveat on sizing: FBLG is 4.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FBLG vs WYNN: side by side
| FBLG (FibroBiologics, Inc.) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | -87.6% | -23.3% |
| 5-year return | n/a | -2.9% |
| Volatility (ann.) | 150.1% | 34.7% |
| Beta vs S&P 500 | 0.40 | 0.88 |
| Max drawdown (3Y) | -99.9% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FBLG | WYNN |
|---|---|---|
| 2022 | – | -3.0% |
| 2023 | – | +11.3% |
| 2024 | – | -4.4% |
| 2025 | -88.8% | +41.0% |
| 2026 | -66.9% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBLG and WYNN good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FBLG and WYNN?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.23 over the last year and n/a over 5 years.
Is WYNN a good diversifier for FBLG?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fblg-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fblg-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBLG correlations · WYNN correlations
