KWEB vs WYNN: Correlation
KraneShares CSI China Internet ETF (KWEB) and Wynn Resorts (WYNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWEB and WYNN?
On 3 years of weekly data the KWEB/WYNN correlation comes out at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.46 over 3 years. The 5-year figure is 0.52, and annualized covariance runs at 545.7 %².
By 3-year correlation, WYNN places #17 of the 40 assets tracked against KWEB. Their 12-month results are close: -26.1% for KWEB 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.
KWEB vs WYNN: side by side
| KWEB (KraneShares CSI China Internet ETF) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | -26.1% | -23.3% |
| 5-year return | -36.2% | -2.9% |
| Volatility (ann.) | 33.9% | 34.7% |
| Beta vs S&P 500 | 0.90 | 0.88 |
| Max drawdown (3Y) | -41.6% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | – | 1.03% |
| Sector / category | ETF · Thematic | Consumer Discretionary |
Year-by-year returns
| Year | KWEB | WYNN |
|---|---|---|
| 2022 | -17.2% | -3.0% |
| 2023 | -9.1% | +11.3% |
| 2024 | +12.0% | -4.4% |
| 2025 | +23.5% | +41.0% |
| 2026 | -23.3% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWEB and WYNN good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KWEB and WYNN?
As of 2026-08-27, the correlation of weekly returns between KWEB and WYNN is 0.46 over 3 years, 0.31 over 1 year and 0.52 over 5 years.
Is WYNN a good diversifier for KWEB?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/kweb-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kweb-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KWEB correlations · WYNN correlations
