MGM vs TPR: Correlation
MGM Resorts (MGM) and Tapestry, Inc. (TPR) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGM and TPR?
Over the past 3 years, MGM and TPR moved with a correlation of 0.45, which is moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.45). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 597.9 %².
Within MGM's tracked universe of 41 assets, TPR comes in at #20 by 3-year correlation. The last year tells two different stories: TPR led by 15.6 percentage points, +8.0% for MGM against +23.6% for TPR. On a rolling one-year basis the correlation drifted between 0.27 and 0.63, 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 TPR: side by side
| MGM (MGM Resorts) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | +8.0% | +23.6% |
| 5-year return | +0.8% | +240.1% |
| Volatility (ann.) | 35.2% | 37.8% |
| Beta vs S&P 500 | 1.18 | 1.05 |
| Max drawdown (3Y) | -46.0% | -31.8% |
| Market cap | $11.0B | $24.6B |
| P/E (trailing) | 26.4 | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | MGM | TPR |
|---|---|---|
| 2022 | -25.3% | -3.3% |
| 2023 | +33.3% | +0.2% |
| 2024 | -22.4% | +82.8% |
| 2025 | +5.3% | +98.7% |
| 2026 | +17.8% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGM and TPR good diversifiers for each other?
Reasonably. At 0.45, MGM and TPR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MGM and TPR?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.34 over the last year and 0.47 over 5 years.
Is TPR a good diversifier for MGM?
Reasonably. At 0.45, MGM and TPR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/mgm-vs-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgm-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGM correlations · TPR correlations
