ALGN vs TNL: Correlation
Measured on weekly returns over the past three years, Align Technology (ALGN) and Travel Leisure Co. (TNL) 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 TNL?
On 3 years of weekly data the ALGN/TNL correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 704.3 %².
Within ALGN's tracked universe of 37 assets, TNL comes in at #12 by 3-year correlation. The trailing year gives TNL the advantage: +11.9% versus +19.2%, a 7.3-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.
ALGN vs TNL: side by side
| ALGN (Align Technology) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +11.9% | +19.2% |
| 5-year return | -77.4% | +59.9% |
| Volatility (ann.) | 44.3% | 30.1% |
| Beta vs S&P 500 | 1.51 | 1.19 |
| Max drawdown (3Y) | -66.7% | -32.2% |
| Market cap | $11.3B | $4.4B |
| P/E (trailing) | 27.6 | 19.9 |
| Dividend yield | 0.00% | 3.15% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ALGN | TNL |
|---|---|---|
| 2022 | -67.9% | -31.7% |
| 2023 | +29.9% | +12.5% |
| 2024 | -23.9% | +34.8% |
| 2025 | -25.1% | +45.5% |
| 2026 | +1.7% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and TNL 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 TNL?
The ALGN/TNL correlation stands at 0.53 on a 3-year window (1 year: 0.50, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is TNL 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?
On the −1 to +1 scale, 0.53 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/algn-vs-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/algn-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALGN correlations · TNL correlations
