MGM vs RRR: Correlation
How closely do MGM Resorts (MGM) and Red Rock Resorts, Inc. (RRR) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGM and RRR?
Over the past 3 years, MGM and RRR moved with a correlation of 0.60, which is strong. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 680.6 %².
In MGM's tracked universe of 41 assets, RRR sits right near the top at #2. The trailing year gives MGM the advantage: +8.0% versus -4.2%, a 12.2-point spread.
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.
MGM vs RRR: side by side
| MGM (MGM Resorts) | RRR (Red Rock Resorts, Inc.) | |
|---|---|---|
| 1-year return | +8.0% | -4.2% |
| 5-year return | +0.8% | +60.9% |
| Volatility (ann.) | 35.2% | 32.0% |
| Beta vs S&P 500 | 1.18 | 0.90 |
| Max drawdown (3Y) | -46.0% | -38.6% |
| Market cap | $11.0B | $6.0B |
| P/E (trailing) | 26.4 | 20.6 |
| Dividend yield | 0.00% | 1.73% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | MGM | RRR |
|---|---|---|
| 2022 | -25.3% | -23.7% |
| 2023 | +33.3% | +36.3% |
| 2024 | -22.4% | -10.1% |
| 2025 | +5.3% | +39.5% |
| 2026 | +17.8% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGM and RRR good diversifiers for each other?
To a limited degree. At 0.60 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 MGM and RRR?
The MGM/RRR correlation stands at 0.60 on a 3-year window (1 year: 0.52, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is RRR a good diversifier for MGM?
To a limited degree. At 0.60 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 0.60 mean?
On the −1 to +1 scale, 0.60 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/mgm-vs-rrr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgm-vs-rrr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGM correlations · RRR correlations
