IAE vs WYNN: Correlation
How closely do Voya Asia Pacific High Dividend Equity Income Fund ING Asia (IAE) and Wynn Resorts (WYNN) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAE and WYNN?
Across a 3-year window, the weekly returns of IAE and WYNN correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 247.3 %².
By 3-year correlation, WYNN places #12 of the 17 assets tracked against IAE. Their recent paths diverged sharply: over the last 12 months IAE outperformed by 61.1 percentage points (+37.8% for IAE against -23.3% for WYNN). One caveat on sizing: WYNN is 2.1 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.
IAE vs WYNN: side by side
| IAE (Voya Asia Pacific High Dividend Equity Income Fund ING Asia) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | +37.8% | -23.3% |
| 5-year return | +84.4% | -2.9% |
| Volatility (ann.) | 16.5% | 34.7% |
| Beta vs S&P 500 | 0.72 | 0.88 |
| Max drawdown (3Y) | -16.2% | -37.8% |
| Market cap | $0.1B | $9.6B |
| P/E (trailing) | 3.5 | 22.4 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | IAE | WYNN |
|---|---|---|
| 2022 | -14.0% | -3.0% |
| 2023 | +9.1% | +11.3% |
| 2024 | +13.4% | -4.4% |
| 2025 | +34.6% | +41.0% |
| 2026 | +29.9% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAE and WYNN good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IAE and WYNN?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.34 over the last year and 0.54 over 5 years.
Is WYNN a good diversifier for IAE?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/iae-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iae-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IAE correlations · WYNN correlations
