LVS vs YUMC: Correlation
Las Vegas Sands (LVS) and Yum China Holdings, Inc. (YUMC) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVS and YUMC?
On 3 years of weekly data the LVS/YUMC correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 543.0 %².
Within LVS's tracked universe of 29 assets, YUMC comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with YUMC ahead by 22.2 points (-20.3% versus +1.9%).
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 YUMC: side by side
| LVS (Las Vegas Sands) | YUMC (Yum China Holdings, Inc.) | |
|---|---|---|
| 1-year return | -20.3% | +1.9% |
| 5-year return | +8.5% | -21.2% |
| Volatility (ann.) | 34.8% | 37.2% |
| Beta vs S&P 500 | 0.75 | 0.25 |
| Max drawdown (3Y) | -44.0% | -49.0% |
| Market cap | $28.7B | $15.3B |
| P/E (trailing) | 17.1 | 16.5 |
| Dividend yield | 2.49% | 2.26% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LVS | YUMC |
|---|---|---|
| 2022 | +27.7% | +10.8% |
| 2023 | +3.1% | -21.6% |
| 2024 | +6.2% | +15.4% |
| 2025 | +29.5% | +0.1% |
| 2026 | -30.8% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVS and YUMC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LVS and YUMC?
The LVS/YUMC correlation stands at 0.42 on a 3-year window (1 year: 0.37, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is YUMC a good diversifier for LVS?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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-yumc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lvs-vs-yumc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LVS correlations · YUMC correlations
