ALGN vs HGV: Correlation
Measured on weekly returns over the past three years, Align Technology (ALGN) and Hilton Grand Vacations Inc. (HGV) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGN and HGV?
Over the past 3 years, ALGN and HGV moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 856.1 %².
Within ALGN's tracked universe of 37 assets, HGV comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALGN ahead by 19.1 points (+11.9% versus -7.2%).
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.
ALGN vs HGV: side by side
| ALGN (Align Technology) | HGV (Hilton Grand Vacations Inc.) | |
|---|---|---|
| 1-year return | +11.9% | -7.2% |
| 5-year return | -77.4% | +1.7% |
| Volatility (ann.) | 44.3% | 36.3% |
| Beta vs S&P 500 | 1.51 | 1.38 |
| Max drawdown (3Y) | -66.7% | -34.6% |
| Market cap | $11.3B | $3.4B |
| P/E (trailing) | 27.6 | 25.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ALGN | HGV |
|---|---|---|
| 2022 | -67.9% | -26.0% |
| 2023 | +29.9% | +4.3% |
| 2024 | -23.9% | -3.1% |
| 2025 | -25.1% | +14.9% |
| 2026 | +1.7% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and HGV good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALGN and HGV?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.53 over the last year and 0.54 over 5 years.
Is HGV a good diversifier for ALGN?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/algn-vs-hgv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/algn-vs-hgv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALGN correlations · HGV correlations
