DAL vs HGV: Correlation
How closely do Delta Air Lines (DAL) and Hilton Grand Vacations Inc. (HGV) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAL and HGV?
Across a 3-year window, the weekly returns of DAL and HGV correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 779.6 %².
Among the 33 assets we track against DAL, HGV ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DAL ahead by 41.1 points (+33.9% 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.
DAL vs HGV: side by side
| DAL (Delta Air Lines) | HGV (Hilton Grand Vacations Inc.) | |
|---|---|---|
| 1-year return | +33.9% | -7.2% |
| 5-year return | +110.6% | +1.7% |
| Volatility (ann.) | 37.1% | 36.3% |
| Beta vs S&P 500 | 1.17 | 1.38 |
| Max drawdown (3Y) | -47.9% | -34.6% |
| Market cap | – | $3.4B |
| P/E (trailing) | 13.8 | 25.6 |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DAL | HGV |
|---|---|---|
| 2022 | -15.9% | -26.0% |
| 2023 | +23.0% | +4.3% |
| 2024 | +52.0% | -3.1% |
| 2025 | +16.1% | +14.9% |
| 2026 | +17.8% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAL and HGV good diversifiers for each other?
Only partially. A correlation of 0.58 means DAL and HGV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DAL and HGV?
As of 2026-08-27, the correlation of weekly returns between DAL and HGV is 0.58 over 3 years, 0.65 over 1 year and 0.64 over 5 years.
Is HGV a good diversifier for DAL?
Only partially. A correlation of 0.58 means DAL and HGV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/dal-vs-hgv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dal-vs-hgv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAL correlations · HGV correlations
