MGM vs TFC: Correlation
Measured on weekly returns over the past three years, MGM Resorts (MGM) and Truist Financial (TFC) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGM and TFC?
Over the past 3 years, MGM and TFC moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 545.2 %².
Among the 41 assets we track against MGM, TFC ranks #12 by 3-year correlation. Their 12-month results are close: +8.0% for MGM against +12.1% for TFC. On a rolling one-year basis the correlation drifted between 0.37 and 0.77, 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.
MGM vs TFC: side by side
| MGM (MGM Resorts) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +8.0% | +12.1% |
| 5-year return | +0.8% | +12.7% |
| Volatility (ann.) | 35.2% | 28.0% |
| Beta vs S&P 500 | 1.18 | 1.07 |
| Max drawdown (3Y) | -46.0% | -26.9% |
| Market cap | $11.0B | $61.4B |
| P/E (trailing) | 26.4 | 11.6 |
| Dividend yield | 0.00% | 4.10% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | MGM | TFC |
|---|---|---|
| 2022 | -25.3% | -23.5% |
| 2023 | +33.3% | -8.6% |
| 2024 | -22.4% | +23.7% |
| 2025 | +5.3% | +19.0% |
| 2026 | +17.8% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGM and TFC good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MGM and TFC?
As of 2026-08-27, the correlation of weekly returns between MGM and TFC is 0.55 over 3 years, 0.53 over 1 year and 0.51 over 5 years.
Is TFC a good diversifier for MGM?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mgm-vs-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgm-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MGM correlations · TFC correlations
