VXZ vs WYNN: Correlation
iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and Wynn Resorts (WYNN) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WYNN?
Across a 3-year window, the weekly returns of VXZ and WYNN correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.26). Stretching to 5 years gives -0.34, with an annualized covariance of -229.0 %².
Among the 2840 assets we track against VXZ, WYNN ranks #552 by 3-year correlation. The trailing year gives VXZ the advantage: -16.1% versus -23.3%, a 7.2-point spread.
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.
VXZ vs WYNN: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | -16.1% | -23.3% |
| 5-year return | -53.1% | -2.9% |
| Volatility (ann.) | 25.6% | 34.7% |
| Beta vs S&P 500 | -1.31 | 0.88 |
| Max drawdown (3Y) | -36.4% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | – | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | VXZ | WYNN |
|---|---|---|
| 2022 | +0.5% | -3.0% |
| 2023 | -44.0% | +11.3% |
| 2024 | -12.7% | -4.4% |
| 2025 | +5.7% | +41.0% |
| 2026 | -10.5% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WYNN good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXZ and WYNN?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.45 over the last year and -0.34 over 5 years.
Is WYNN a good diversifier for VXZ?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/vxz-vs-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vxz-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXZ correlations · WYNN correlations
