LVS vs WYNN: Correlation
How closely do Las Vegas Sands (LVS) and Wynn Resorts (WYNN) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVS and WYNN?
Over the past 3 years, LVS and WYNN moved with a correlation of 0.73, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 883.7 %².
In LVS's tracked universe of 29 assets, WYNN sits right near the top at #1. Twelve-month performance is nearly a tie, at -20.3% for LVS and -23.3% for WYNN. Stability stands out here, with the rolling one-year correlation confined to 0.65 through 0.86.
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 WYNN: side by side
| LVS (Las Vegas Sands) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | -20.3% | -23.3% |
| 5-year return | +8.5% | -2.9% |
| Volatility (ann.) | 34.8% | 34.7% |
| Beta vs S&P 500 | 0.75 | 0.88 |
| Max drawdown (3Y) | -44.0% | -37.8% |
| Market cap | $28.7B | $9.6B |
| P/E (trailing) | 17.1 | 22.4 |
| Dividend yield | 2.49% | 1.03% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | LVS | WYNN |
|---|---|---|
| 2022 | +27.7% | -3.0% |
| 2023 | +3.1% | +11.3% |
| 2024 | +6.2% | -4.4% |
| 2025 | +29.5% | +41.0% |
| 2026 | -30.8% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVS and WYNN good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LVS and WYNN?
The LVS/WYNN correlation stands at 0.73 on a 3-year window (1 year: 0.69, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is WYNN a good diversifier for LVS?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lvs-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lvs-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LVS correlations · WYNN correlations
