LVS vs MAR: Correlation
Measured on weekly returns over the past three years, Las Vegas Sands (LVS) and Marriott International (MAR) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVS and MAR?
On 3 years of weekly data the LVS/MAR correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 350.6 %².
By 3-year correlation, MAR places #11 of the 29 assets tracked against LVS. Their recent paths diverged sharply: over the last 12 months MAR outperformed by 52.6 percentage points (-20.3% for LVS against +32.3% for MAR). On a rolling one-year basis the correlation drifted between 0.23 and 0.54, 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.
LVS vs MAR: side by side
| LVS (Las Vegas Sands) | MAR (Marriott International) | |
|---|---|---|
| 1-year return | -20.3% | +32.3% |
| 5-year return | +8.5% | +173.2% |
| Volatility (ann.) | 34.8% | 24.6% |
| Beta vs S&P 500 | 0.75 | 0.97 |
| Max drawdown (3Y) | -44.0% | -30.5% |
| Market cap | $28.7B | $92.3B |
| P/E (trailing) | 17.1 | 36.7 |
| Dividend yield | 2.49% | 0.76% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | LVS | MAR |
|---|---|---|
| 2022 | +27.7% | -9.3% |
| 2023 | +3.1% | +53.1% |
| 2024 | +6.2% | +24.9% |
| 2025 | +29.5% | +12.3% |
| 2026 | -30.8% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVS and MAR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LVS and MAR?
As of 2026-08-27, the correlation of weekly returns between LVS and MAR is 0.41 over 3 years, 0.45 over 1 year and 0.42 over 5 years.
Is MAR a good diversifier for LVS?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
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/lvs-vs-mar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lvs-vs-mar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LVS correlations · MAR correlations
