FXI vs WYNN: Correlation
Measured on weekly returns over the past three years, iShares China Large-Cap ETF (FXI) and Wynn Resorts (WYNN) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXI and WYNN?
Across a 3-year window, the weekly returns of FXI and WYNN correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.47 over 3 years. Stretching to 5 years gives 0.54, with an annualized covariance of 411.1 %².
Among the 74 assets we track against FXI, WYNN ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FXI outperformed by 17.2 percentage points (-6.1% for FXI against -23.3% for WYNN). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.18 to 0.73.
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.
FXI vs WYNN: side by side
| FXI (iShares China Large-Cap ETF) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | -6.1% | -23.3% |
| 5-year return | -1.4% | -2.9% |
| Volatility (ann.) | 25.3% | 34.7% |
| Beta vs S&P 500 | 0.68 | 0.88 |
| Max drawdown (3Y) | -23.2% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 1.87% | 1.03% |
| Expense ratio | 0.73% | – |
| Assets under management | $4.3B | – |
| Sector / category | ETF · International | Consumer Discretionary |
On the fund side, FXI sits in the Greater China Region category at iShares, with $4.3B under management, 50 holdings, a 0.73% expense ratio, a 1.87% trailing dividend yield.
Year-by-year returns
| Year | FXI | WYNN |
|---|---|---|
| 2022 | -20.7% | -3.0% |
| 2023 | -12.4% | +11.3% |
| 2024 | +29.0% | -4.4% |
| 2025 | +28.9% | +41.0% |
| 2026 | -7.3% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXI and WYNN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FXI and WYNN?
As of 2026-08-27, the correlation of weekly returns between FXI and WYNN is 0.47 over 3 years, 0.36 over 1 year and 0.54 over 5 years.
Is WYNN a good diversifier for FXI?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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[](https://www.pairbook.io/pair/fxi-vs-wynn/)
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Related comparisons
Hubs: FXI correlations · WYNN correlations
