MGM vs WYNN: Correlation
MGM Resorts (MGM) and Wynn Resorts (WYNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGM and WYNN?
On 3 years of weekly data the MGM/WYNN correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 692.6 %².
Within MGM's tracked universe of 41 assets, WYNN comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MGM ahead by 31.3 points (+8.0% versus -23.3%). The rolling one-year correlation moved between 0.41 and 0.80 over the past three years, a moderate range.
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 WYNN: side by side
| MGM (MGM Resorts) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | +8.0% | -23.3% |
| 5-year return | +0.8% | -2.9% |
| Volatility (ann.) | 35.2% | 34.7% |
| Beta vs S&P 500 | 1.18 | 0.88 |
| Max drawdown (3Y) | -46.0% | -37.8% |
| Market cap | $11.0B | $9.6B |
| P/E (trailing) | 26.4 | 22.4 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | MGM | WYNN |
|---|---|---|
| 2022 | -25.3% | -3.0% |
| 2023 | +33.3% | +11.3% |
| 2024 | -22.4% | -4.4% |
| 2025 | +5.3% | +41.0% |
| 2026 | +17.8% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGM and WYNN good diversifiers for each other?
To a limited degree. At 0.57 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 WYNN?
The MGM/WYNN correlation stands at 0.57 on a 3-year window (1 year: 0.59, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is WYNN a good diversifier for MGM?
To a limited degree. At 0.57 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 0.57 mean?
On the −1 to +1 scale, 0.57 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-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgm-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGM correlations · WYNN correlations
