MGM vs VTV: Correlation
Measured on weekly returns over the past three years, MGM Resorts (MGM) and Vanguard Value ETF (VTV) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGM and VTV?
On 3 years of weekly data the MGM/VTV correlation comes out at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.56). The 5-year figure is 0.61, and annualized covariance runs at 235.9 %².
By 3-year correlation, VTV places #9 of the 41 assets tracked against MGM. Correlation aside, the last 12 months split them widely, with VTV ahead by 17.7 points (+8.0% versus +25.7%). On a rolling one-year basis the correlation drifted between 0.42 and 0.76, a moderate band. Risk is not evenly split, since MGM carries 3.0 times the volatility of the other side.
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 VTV: side by side
| MGM (MGM Resorts) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +8.0% | +25.7% |
| 5-year return | +0.8% | +79.1% |
| Volatility (ann.) | 35.2% | 11.9% |
| Beta vs S&P 500 | 1.18 | 0.65 |
| Max drawdown (3Y) | -46.0% | -14.5% |
| Market cap | $11.0B | – |
| P/E (trailing) | 26.4 | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Consumer Discretionary | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | MGM | VTV |
|---|---|---|
| 2022 | -25.3% | -2.1% |
| 2023 | +33.3% | +9.3% |
| 2024 | -22.4% | +16.0% |
| 2025 | +5.3% | +15.3% |
| 2026 | +17.8% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGM and VTV good diversifiers for each other?
Only partially. A correlation of 0.56 means MGM and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MGM and VTV?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.41 over the last year and 0.61 over 5 years.
Is VTV a good diversifier for MGM?
Only partially. A correlation of 0.56 means MGM and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MGM correlations · VTV correlations
