SPY vs WYNN: Correlation
SPDR S&P 500 ETF Trust (SPY) and Wynn Resorts (WYNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and WYNN?
Over the past 3 years, SPY and WYNN moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 183.5 %².
Among the 4755 assets we track against SPY, WYNN ranks #1508 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 43.9 points (+20.6% versus -23.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.02 to 0.62. Risk is not evenly split, since WYNN carries 2.4 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.
SPY vs WYNN: side by side
| SPY (SPDR S&P 500 ETF Trust) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | +20.6% | -23.3% |
| 5-year return | +82.4% | -2.9% |
| Volatility (ann.) | 14.5% | 34.7% |
| Beta vs S&P 500 | 1.00 | 0.88 |
| Max drawdown (3Y) | -18.8% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 1.01% | 1.03% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | Consumer Discretionary |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | WYNN |
|---|---|---|
| 2022 | -18.2% | -3.0% |
| 2023 | +26.2% | +11.3% |
| 2024 | +24.9% | -4.4% |
| 2025 | +17.7% | +41.0% |
| 2026 | +13.7% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and WYNN good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SPY and WYNN?
As of 2026-08-27, the correlation of weekly returns between SPY and WYNN is 0.37 over 3 years, 0.36 over 1 year and 0.41 over 5 years.
Is WYNN a good diversifier for SPY?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/spy-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPY correlations · WYNN correlations
