BTMD vs HGV: Correlation
Measured on weekly returns over the past three years, Biote Corp. (BTMD) and Hilton Grand Vacations Inc. (HGV) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTMD and HGV?
Across a 3-year window, the weekly returns of BTMD and HGV correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Stretching to 5 years gives 0.22, with an annualized covariance of 933.4 %².
HGV is one of the assets that tracks BTMD most closely: it ranks #3 out of the 11 assets we track against BTMD. Correlation aside, the last 12 months split them widely, with HGV ahead by 44.3 points (-51.5% versus -7.2%). Note the risk asymmetry: BTMD runs 1.9 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.
BTMD vs HGV: side by side
| BTMD (Biote Corp.) | HGV (Hilton Grand Vacations Inc.) | |
|---|---|---|
| 1-year return | -51.5% | -7.2% |
| 5-year return | -83.1% | +1.7% |
| Volatility (ann.) | 67.5% | 36.3% |
| Beta vs S&P 500 | 1.16 | 1.38 |
| Max drawdown (3Y) | -84.4% | -34.6% |
| Market cap | $0.1B | $3.4B |
| P/E (trailing) | 10.9 | 25.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTMD | HGV |
|---|---|---|
| 2022 | -61.9% | -26.0% |
| 2023 | +32.4% | +4.3% |
| 2024 | +25.1% | -3.1% |
| 2025 | -57.9% | +14.9% |
| 2026 | -37.3% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTMD and HGV good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BTMD and HGV?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.32 over the last year and 0.22 over 5 years.
Is HGV a good diversifier for BTMD?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 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/btmd-vs-hgv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btmd-vs-hgv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTMD correlations · HGV correlations
