MAR vs MGM: Correlation
Measured on weekly returns over the past three years, Marriott International (MAR) and MGM Resorts (MGM) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAR and MGM?
Over the past 3 years, MAR and MGM moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 366.2 %².
By 3-year correlation, MGM places #25 of the 40 assets tracked against MAR. The last year tells two different stories: MAR led by 24.3 percentage points, +32.3% for MAR against +8.0% for MGM. On a rolling one-year basis the correlation drifted between 0.23 and 0.67, 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.
MAR vs MGM: side by side
| MAR (Marriott International) | MGM (MGM Resorts) | |
|---|---|---|
| 1-year return | +32.3% | +8.0% |
| 5-year return | +173.2% | +0.8% |
| Volatility (ann.) | 24.6% | 35.2% |
| Beta vs S&P 500 | 0.97 | 1.18 |
| Max drawdown (3Y) | -30.5% | -46.0% |
| Market cap | $92.3B | $11.0B |
| P/E (trailing) | 36.7 | 26.4 |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | MAR | MGM |
|---|---|---|
| 2022 | -9.3% | -25.3% |
| 2023 | +53.1% | +33.3% |
| 2024 | +24.9% | -22.4% |
| 2025 | +12.3% | +5.3% |
| 2026 | +14.7% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAR and MGM good diversifiers for each other?
Reasonably. At 0.42, MAR and MGM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MAR and MGM?
As of 2026-08-27, the correlation of weekly returns between MAR and MGM is 0.42 over 3 years, 0.23 over 1 year and 0.54 over 5 years.
Is MGM a good diversifier for MAR?
Reasonably. At 0.42, MAR and MGM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/mar-vs-mgm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mar-vs-mgm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAR correlations · MGM correlations
