WYNN vs XLY: Correlation
Measured on weekly returns over the past three years, Wynn Resorts (WYNN) and Consumer Discretionary Select Sector SPDR Fund (XLY) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WYNN and XLY?
Across a 3-year window, the weekly returns of WYNN and XLY correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.42, with an annualized covariance of 246.1 %².
By 3-year correlation, XLY places #21 of the 32 assets tracked against WYNN. Their recent paths diverged sharply: over the last 12 months XLY outperformed by 23.2 percentage points (-23.3% for WYNN against -0.1% for XLY). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.04 to 0.64. Note the risk asymmetry: WYNN runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
WYNN vs XLY: side by side
| WYNN (Wynn Resorts) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -23.3% | -0.1% |
| 5-year return | -2.9% | +31.8% |
| Volatility (ann.) | 34.7% | 19.7% |
| Beta vs S&P 500 | 0.88 | 1.15 |
| Max drawdown (3Y) | -37.8% | -26.0% |
| Market cap | $9.6B | – |
| P/E (trailing) | 22.4 | – |
| Dividend yield | 1.03% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Consumer Discretionary | Sector ETF |
XLY is a Consumer Cyclical fund from State Street Investment Management: $22.5B under management, 47 holdings, a 0.08% expense ratio, a 0.78% trailing dividend yield.
Year-by-year returns
| Year | WYNN | XLY |
|---|---|---|
| 2022 | -3.0% | -36.3% |
| 2023 | +11.3% | +39.6% |
| 2024 | -4.4% | +26.5% |
| 2025 | +41.0% | +7.4% |
| 2026 | -21.6% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLY holds WYNN at a 0.2% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are WYNN and XLY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between WYNN and XLY?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.32 over the last year and 0.42 over 5 years.
Is XLY a good diversifier for WYNN?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/wynn-vs-xly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/wynn-vs-xly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: WYNN correlations · XLY correlations
