MGM vs VYM: Correlation
Measured on weekly returns over the past three years, MGM Resorts (MGM) and Vanguard High Dividend Yield ETF (VYM) 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 VYM?
Over the past 3 years, MGM and VYM moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.55). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 239.4 %².
By 3-year correlation, VYM places #15 of the 41 assets tracked against MGM. Over the last 12 months VYM came out ahead by 13.1 percentage points (+8.0% against +21.1%). The rolling one-year correlation moved between 0.37 and 0.75 over the past three years, a moderate range. Note the risk asymmetry: MGM runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VYM: side by side
| MGM (MGM Resorts) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +8.0% | +21.1% |
| 5-year return | +0.8% | +76.6% |
| Volatility (ann.) | 35.2% | 12.3% |
| Beta vs S&P 500 | 1.18 | 0.69 |
| Max drawdown (3Y) | -46.0% | -14.5% |
| Market cap | $11.0B | – |
| P/E (trailing) | 26.4 | – |
| Dividend yield | 0.00% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Consumer Discretionary | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | MGM | VYM |
|---|---|---|
| 2022 | -25.3% | -0.4% |
| 2023 | +33.3% | +6.6% |
| 2024 | -22.4% | +17.6% |
| 2025 | +5.3% | +15.4% |
| 2026 | +17.8% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGM and VYM 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 VYM?
As of 2026-08-27, the correlation of weekly returns between MGM and VYM is 0.55 over 3 years, 0.36 over 1 year and 0.60 over 5 years.
Is VYM 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?
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.
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Related comparisons
Hubs: MGM correlations · VYM correlations
