VWO vs WYNN: Correlation
Vanguard FTSE Emerging Markets ETF (VWO) and Wynn Resorts (WYNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VWO and WYNN?
On 3 years of weekly data the VWO/WYNN correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 234.8 %².
Within VWO's tracked universe of 73 assets, WYNN comes in at #52 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VWO ahead by 44.9 points (+21.6% versus -23.3%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.25 and 0.75 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: WYNN is 2.3 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.
VWO vs WYNN: side by side
| VWO (Vanguard FTSE Emerging Markets ETF) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | +21.6% | -23.3% |
| 5-year return | +38.2% | -2.9% |
| Volatility (ann.) | 15.2% | 34.7% |
| Beta vs S&P 500 | 0.75 | 0.88 |
| Max drawdown (3Y) | -17.4% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 2.36% | 1.03% |
| Expense ratio | 0.06% | – |
| Assets under management | $162.0B | – |
| Sector / category | ETF · International | Consumer Discretionary |
VWO is a Diversified Emerging Mkts fund from Vanguard: $162.0B under management, 4113 holdings, a 0.06% expense ratio, a 2.36% trailing dividend yield.
Year-by-year returns
| Year | VWO | WYNN |
|---|---|---|
| 2022 | -18.0% | -3.0% |
| 2023 | +9.3% | +11.3% |
| 2024 | +10.6% | -4.4% |
| 2025 | +25.6% | +41.0% |
| 2026 | +13.6% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VWO and WYNN good diversifiers for each other?
Reasonably. At 0.45, VWO and WYNN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between VWO and WYNN?
The VWO/WYNN correlation stands at 0.45 on a 3-year window (1 year: 0.40, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is WYNN a good diversifier for VWO?
Reasonably. At 0.45, VWO and WYNN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: VWO correlations · WYNN correlations
