TDF vs WYNN: Correlation
Measured on weekly returns over the past three years, Templeton Dragon Fund, Inc. (TDF) and Wynn Resorts (WYNN) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TDF and WYNN?
On 3 years of weekly data the TDF/WYNN correlation comes out at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.45). The 5-year figure is 0.49, and annualized covariance runs at 346.6 %².
By 3-year correlation, WYNN places #9 of the 21 assets tracked against TDF. Their recent paths diverged sharply: over the last 12 months TDF outperformed by 26.7 percentage points (+3.4% for TDF against -23.3% for WYNN). One caveat on sizing: WYNN is 1.6 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.
TDF vs WYNN: side by side
| TDF (Templeton Dragon Fund, Inc.) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | +3.4% | -23.3% |
| 5-year return | -29.3% | -2.9% |
| Volatility (ann.) | 22.2% | 34.7% |
| Beta vs S&P 500 | 0.64 | 0.88 |
| Max drawdown (3Y) | -22.2% | -37.8% |
| Market cap | $0.3B | $9.6B |
| P/E (trailing) | 3.6 | 22.4 |
| Dividend yield | 3.68% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | TDF | WYNN |
|---|---|---|
| 2022 | -32.9% | -3.0% |
| 2023 | -20.1% | +11.3% |
| 2024 | +5.5% | -4.4% |
| 2025 | +37.7% | +41.0% |
| 2026 | -1.2% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TDF and WYNN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TDF and WYNN?
The TDF/WYNN correlation stands at 0.45 on a 3-year window (1 year: 0.30, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is WYNN a good diversifier for TDF?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/tdf-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tdf-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TDF correlations · WYNN correlations
