BBY vs HGV: Correlation
Measured on weekly returns over the past three years, Best Buy (BBY) and Hilton Grand Vacations Inc. (HGV) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and HGV?
On 3 years of weekly data the BBY/HGV correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 635.0 %².
Within BBY's tracked universe of 33 assets, HGV comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BBY ahead by 24.1 points (+16.9% 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.
BBY vs HGV: side by side
| BBY (Best Buy) | HGV (Hilton Grand Vacations Inc.) | |
|---|---|---|
| 1-year return | +16.9% | -7.2% |
| 5-year return | -11.2% | +1.7% |
| Volatility (ann.) | 37.6% | 36.3% |
| Beta vs S&P 500 | 0.97 | 1.38 |
| Max drawdown (3Y) | -44.3% | -34.6% |
| Market cap | – | $3.4B |
| P/E (trailing) | 16.2 | 25.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BBY | HGV |
|---|---|---|
| 2022 | -17.5% | -26.0% |
| 2023 | +2.5% | +4.3% |
| 2024 | +14.4% | -3.1% |
| 2025 | -17.8% | +14.9% |
| 2026 | +28.4% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and HGV good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBY and HGV?
The BBY/HGV correlation stands at 0.47 on a 3-year window (1 year: 0.49, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is HGV a good diversifier for BBY?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/bby-vs-hgv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bby-vs-hgv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBY correlations · HGV correlations
