RRR vs WING: Correlation
Measured on weekly returns over the past three years, Red Rock Resorts, Inc. (RRR) and Wingstop Inc. (WING) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRR and WING?
Across a 3-year window, the weekly returns of RRR and WING correlate at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.44). Stretching to 5 years gives 0.42, with an annualized covariance of 770.6 %².
Within RRR's tracked universe of 15 assets, WING comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RRR ahead by 63.1 points (-4.2% versus -67.3%). One caveat on sizing: WING is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RRR vs WING: side by side
| RRR (Red Rock Resorts, Inc.) | WING (Wingstop Inc.) | |
|---|---|---|
| 1-year return | -4.2% | -67.3% |
| 5-year return | +60.9% | -31.4% |
| Volatility (ann.) | 32.0% | 55.1% |
| Beta vs S&P 500 | 0.90 | 1.29 |
| Max drawdown (3Y) | -38.6% | -74.0% |
| Market cap | $6.0B | $3.0B |
| P/E (trailing) | 20.6 | 26.5 |
| Dividend yield | 1.73% | 1.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRR | WING |
|---|---|---|
| 2022 | -23.7% | -17.1% |
| 2023 | +36.3% | +87.3% |
| 2024 | -10.1% | +11.1% |
| 2025 | +39.5% | -15.7% |
| 2026 | -3.5% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRR and WING good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RRR and WING?
As of 2026-08-27, the correlation of weekly returns between RRR and WING is 0.44 over 3 years, 0.56 over 1 year and 0.42 over 5 years.
Is WING a good diversifier for RRR?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/rrr-vs-wing.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rrr-vs-wing/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RRR correlations · WING correlations
